Banc of California, Inc. (NYSE:BANC) Q4 2024 Earnings Conference Call January 23, 2025 1:00 PM ET Company Participants Ann DeVries - Head, IR Jared Wolff - President & CEO Joe Kauder - CFO Conference Call Participants Timur Braziler - Wells Fargo Chris McGratty - KBW Matthew Clark - Piper Sandler Gary Tenner - D.A. Davidson Andrew Terrell - Stephens David Feaster - Raymond James Jared Shaw - Barclays Capital Operator Good day, and welcome to the Banc of California Fourth Quarter 2024 Earnings Conference Cal ...

Investor Presentation Draft v4.5 1/21/24 Fourth Quarter and Full Year 2024 Results Forward-Looking Statements and Other Matters This presentation includes forward-looking statements within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, liquidity and capital ratios and other non-historical statements. Words or phrases such as ...

Core Insights - Banc of California (BANC) reported revenue of $264.27 million for Q4 2024, a year-over-year increase of 36.9% [1] - The EPS for the same period was $0.28, a significant improvement from -$0.46 a year ago, with an EPS surprise of +21.74% compared to the consensus estimate of $0.23 [1] - The revenue fell short of the Zacks Consensus Estimate by -3.23% [1] Financial Performance Metrics - Net Interest Margin was reported at 3%, slightly below the average estimate of 3.1% [4] - Annualized net loan charge-offs to average total loans held-for-investment were 0.5%, higher than the estimated 0.1% [4] - Average balance of total interest-earning assets was $30.82 billion, compared to the estimated $30.96 billion [4] - Total Non-performing assets amounted to $199.34 million, exceeding the estimate of $174.39 million [4] - Total Non-performing loans were reported at $189.61 million, higher than the average estimate of $165.06 million [4] - Net Interest Income was $235.29 million, below the estimated $238.86 million [4] - Total Non Interest Income was $28.99 million, compared to the estimate of $34.19 million [4] - Other commissions and fees were $8.23 million, slightly above the estimate of $8.21 million [4] - Service charges on deposit accounts were $4.77 million, lower than the estimated $5.33 million [4] - Leased equipment income was $10.73 million, below the average estimate of $11.55 million [4] Stock Performance - Shares of Banc of California have returned +3.3% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Banc of California (BANC) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to loss of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.74%. A quarter ago, it was expected that this banking service and lending company would post earnings of $0.14 per share when it actually produced earnings of $0.25, delivering a surprise of 78.57%.Over the last ...

Exhibit 99.1 Banc of California, Inc. Reports Fourth Quarter Diluted Earnings per Share of $0.28, Reflecting Strong Year-Over-Year Net Interest Margin Expansion and Lower Noninterest Expenses Company Release – 1/23/2025 LOS ANGELES, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) ("Banc of California" or the "Company"), the parent company of wholly-owned subsidiary Banc of California (the "Bank"), today reported financial results for the fourth quarter and year ended December 31, 2024. The Co ...

The upcoming report from Banc of California (BANC) is expected to reveal quarterly earnings of $0.23 per share, indicating an increase of 150% compared to the year-ago period. Analysts forecast revenues of $273.08 million, representing an increase of 41.5% year over year.The current level reflects an upward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over th ...

Investors might want to bet on Banc of California (BANC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.In ...

The market expects Banc of California (BANC) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 23, 2025, might help the stock move higher if these key n ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ______ Commission File Number 001-35522 BANC OF CALIFORNIA, INC. (Exact name of registrant as specified in its charter) Maryland 04-3639825 (State of Inco ...