Banc of California (BANC) Tops Q4 Earnings Estimates

分组1 - Banc of California reported quarterly earnings of $0.28 per share, exceeding the Zacks Consensus Estimate of $0.23 per share, and showing a significant improvement from a loss of $0.46 per share a year ago, resulting in an earnings surprise of 21.74% [1] - The company posted revenues of $264.27 million for the quarter ended December 2024, which was 3.23% below the Zacks Consensus Estimate, but an increase from $193.06 million in the same quarter last year [2] - Banc of California shares have increased approximately 4% since the beginning of the year, outperforming the S&P 500's gain of 3.5% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.27, with expected revenues of $277.91 million, and for the current fiscal year, the EPS estimate is $1.33 on revenues of $1.17 billion [7] - The Zacks Industry Rank for Banks - Southwest is in the top 6% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]