Banc of California (BANC) Misses Q2 Earnings and Revenue Estimates

Banc of California (BANC) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -47.37%. A quarter ago, it was expected that this banking service and lending company would post earnings of $0.26 per share when it actually produced earnings of $0.19, delivering a surprise of -26.92%.Over the ...