Banc of California (BANC) reported $272.96 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 237.4%. EPS of $0.19 for the same period compares to $0.37 a year ago.The reported revenue represents a surprise of -7.79% over the Zacks Consensus Estimate of $296.02 million. With the consensus EPS estimate being $0.26, the EPS surprise was -26.92%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

Exhibit 99.1 1 First Quarter 2024 Results Press Release Banc of California, Inc. Reports First Quarter 2024 Financial Results with Improved Profitability and Strengthened Balance Sheet Company Release - 4/23/2024 LOS ANGELES, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) ("Banc of California"), the parent company of wholly-owned subsidiary Banc of California (the "Bank"), today reported financial results for the first quarter ended March 31, 2024. The Company recorded net earnings available ...

The market expects Banc of California (BANC) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rel ...

bluejayphoto Banc of California (NYSE:BANC) makes an attractive valuable position for bank investors as shares provide an attractive 3% dividend yield and the regional lender keeps selling for an attractive discount to its long term average P/B ratio. Banc of California owns a well-performing core loan portfolio with a very strong asset quality profile and the bank has upside revaluation potential related to an improvement in its net interest margin. With shares continuing to trade well below book value, I ...

LOS ANGELES--(BUSINESS WIRE)--Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today that industry leader Greg Smith has joined the company as senior vice president of Digital Strategy. In this role, Smith is leading a team that will augment the bank's client-centric digital experience, including its online and mobile banking tools. Smith is based in Los Angeles and reports directly to Chief Operating Officer John Sotoodeh. "Being a tech-forward, relationship- ...

LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced that its wholly owned subsidiary and premier relationship-focused business bank, Banc of California, has been recognized by Newsweek and Plant-A Insights Group as one of America’s Greatest Workplaces for Women 2024. The list recognizes the top 1,000 companies in the United States based on their performance across various metrics crucial to women in the workforce including compensation, work-life balance and proactive managem ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Commission File No. 001-35522 BANC OF CALIFORNIA, INC. (Exact name of registrant as specified in its charter) Maryland 04-3639825 (State or other jurisdiction of incorporation or organization) (I.R.S. Empl ...

LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced that Michael David has joined its wholly owned subsidiary, Banc of California, California’s premier relationship-focused business bank, in the newly created role of executive vice president for Technology Banking-West, part of the Venture Banking group. David, formerly with Bridge Bank, will be based in Menlo Park, California, and report to Sean Lynden, president of the Venture Banking group. “Michael brings more than two ...

Pioneertown, CA CircleEyes/iStock Editorial via Getty Images Introduction Occasionally I find securities that are new and have yet to be covered on Seeking Alpha that I think other income investors might be interested in. Upon Banc of California's (BANC) merger and absorption of Pacific Western Bank, the PacWest issued preferred started trading as the Banc of California, Inc. DEPOSITARY SHARE (NYSE:BANC.PR.F). We'll reviewed the post-merger company, as much as possible, and the renamed preferred stock. My c ...

Banc of California, Inc. (NYSE:BANC) Q4 2023 Results Conference Call January 25, 2024 1:00 PM ET Company Participants Jared Wolff - Chairman, President and Chief Executive Officer Joe Kauder - Chief Financial Officer Bill Black - Head of Strategy, PacWest Conference Call Participants Matthew Clark - Piper Sandler Brandon King - Truist Securities Timur Braziler - Wells Fargo Gary Tenner - D.A. Davidson Andrew Terrell - Stephens Kelly Motta - KBW Tim Coffey - Janney Operator Hello, and welcome to Banc of Cali ...