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 ...

Banc of California (BANC) came out with a quarterly loss of $0.46 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -43.75%. A quarter ago, it was expected that this banking service and lending company would post earnings of $0.31 per share when it actually produced earnings of $0.30, delivering a surprise of -3.23%.Over the last ...

LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC): $38.5B Total Assets $17.12 Book Value Per Share $14.96 Tangible Book Value Per Share(1) 10.12% CET1 Ratio 26% Noninterest-Bearing Deposits Banc of California, Inc. (NYSE: BANC) (“Banc of California”), parent of wholly-owned subsidiary Banc of California (the “Bank”), today reported financial results for the fourth quarter and year ended December 31, 2023. On November 30, 2023, Banc of California and PacWest Bancorp clo ...

Wall Street analysts expect Banc of California (BANC) to post quarterly loss of $0.32 per share in its upcoming report, which indicates a year-over-year decline of 171.1%. Revenues are expected to be $156.8 million, up 99% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 3.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timef ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------| | | ...