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 ...

Core Insights - Banc of California has appointed Greg Smith as senior vice president of Digital Strategy to enhance its client-centric digital experience [1][2] - Smith's previous experience includes leading digital initiatives at City National Bank and Transamerica, focusing on improving digital banking tools [2][3] - The bank aims to strengthen client relationships and market position through enhanced digital offerings [2] Company Overview - Banc of California, Inc. is a bank holding company headquartered in Los Angeles, operating as a relationship-based business bank [4] - The bank provides a wide range of banking and treasury management services to small, middle-market, and venture-backed businesses [4] - Banc of California operates over 90 full-service branches across California, Denver, and Durham, and offers full-stack payment processing solutions through its subsidiary, Deepstack Technologies [4]

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 ...

Company Announcement - Michael David has joined Banc of California as the executive vice president for Technology Banking-West, a newly created role within the Venture Banking group [1] - David brings over 25 years of experience in banking and finance, with a focus on Silicon Valley, and previously served as a senior vice president and managing director at Bridge Bank [1] - He will be based in Menlo Park, California, and report to Sean Lynden, president of the Venture Banking group [1] Strategic Focus - David's role will involve building and growing venture banking relationships and driving new technology business opportunities on the West Coast and beyond [1] - Banc of California aims to expand its venture banking capabilities and expertise to a new set of clients through David and his team [1] Company Overview - Banc of California is the third-largest bank based in California, with $38 billion in assets [2] - The bank provides specialized financial services tailored to entrepreneurs, private equity, and venture capital investors through its robust venture banking arm [2] - Key hubs for the Venture Banking group are located in Menlo Park/Silicon Valley, Austin, Denver, Boston, New York, and Mid-Atlantic/Washington, D.C. [2] Business Services - The Venture Banking group offers venture debt, fund finance, and treasury and cash management solutions [2] - Key lines of business served include VC-backed multi-stage tech companies, VC and PE fund finance, developing life science companies, and comprehensive treasury management services [2] Operational Reach - Banc of California operates more than 90 full-service branches throughout California, Denver, Colorado, and Durham, North Carolina [3] - The bank also provides full-stack payment processing solutions through its subsidiary, Deepstack Technologies [3] - It serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™ [3] Community Commitment - Banc of California is committed to supporting local communities through financial literacy, job training, small business support, and affordable housing initiatives [3]

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 ...

Draft v4.5 1/21/24 Investor Presentation 2023 Fourth Quarter Results Forward Looking Statements This presentation includes forward-looking statements within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words or phrases such as "believe," "will," "should," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "plans," "strategy," or similar expressions are intended to identify these forward-looking statements ...

For the quarter ended December 2023, Banc of California (BANC) reported revenue of $193.06 million, up 145% over the same period last year. EPS came in at -$0.46, compared to $0.45 in the year-ago quarter.The reported revenue represents a surprise of +23.13% over the Zacks Consensus Estimate of $156.8 million. With the consensus EPS estimate being -$0.32, the EPS surprise was -43.75%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to W ...