Investors will win with the Banc of California's stock, says Mendon Capital's Anton Schutz

Group 1: Bank of California (BNC) - The company trades below book value, making it an attractive investment opportunity, especially as a large Southern California bank [2] - The bank has reduced its balance sheet and improved credit management, positioning itself for future growth [2][3] - The bank has been opportunistic with its capital, buying back stock below book value, which has enhanced its book value [3] Group 2: Home Street Bank - Home Street was recently acquired by Mechanics Bank, which has a market cap of approximately $3 billion [4] - The acquisition will lead to Home Street being added to the Russell 2000, creating significant demand for its shares [5] - The presence of private equity backing suggests potential for improved financial performance and a possible sale within the next 18 months [6] Group 3: First Horizon - First Horizon operates in attractive markets such as the Southeast, Texas, and North Carolina, which enhances its investment appeal [7] - The bank maintains a conservative culture with moderate loan growth and a stock buyback program, making it attractive to larger banks [8] - The failed merger with TD Bank was not due to First Horizon's performance, presenting a potential opportunity for investors [9]