Banc of California: Opportunity Amidst The Noise

Ryan Herron There’s a lot of work ahead for the management of Banc of California (NYSE:BANC). In addition to the normal integration work that would be required to bring PacWest into the fold after the 2023 merger, management is still restructuring the balance sheet to improve its funding situation, refining the loan book, monitoring a challenging office CRE market, and working to convince the Street on the merits of the PacWest deal. Expectations appear relatively restrained here, but it’s going to take ...