Banc of California(US:BANC) ZACKS·2025-01-23 15:36Core Insights - Banc of California (BANC) reported revenue of $264.27 million for Q4 2024, a year-over-year increase of 36.9% [1] - The EPS for the same period was $0.28, a significant improvement from -$0.46 a year ago, with an EPS surprise of +21.74% compared to the consensus estimate of $0.23 [1] - The revenue fell short of the Zacks Consensus Estimate by -3.23% [1] Financial Performance Metrics - Net Interest Margin was reported at 3%, slightly below the average estimate of 3.1% [4] - Annualized net loan charge-offs to average total loans held-for-investment were 0.5%, higher than the estimated 0.1% [4] - Average balance of total interest-earning assets was $30.82 billion, compared to the estimated $30.96 billion [4] - Total Non-performing assets amounted to $199.34 million, exceeding the estimate of $174.39 million [4] - Total Non-performing loans were reported at $189.61 million, higher than the average estimate of $165.06 million [4] - Net Interest Income was $235.29 million, below the estimated $238.86 million [4] - Total Non Interest Income was $28.99 million, compared to the estimate of $34.19 million [4] - Other commissions and fees were $8.23 million, slightly above the estimate of $8.21 million [4] - Service charges on deposit accounts were $4.77 million, lower than the estimated $5.33 million [4] - Leased equipment income was $10.73 million, below the average estimate of $11.55 million [4] Stock Performance - Shares of Banc of California have returned +3.3% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]