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Last $12.76 USD
Change Today -0.04 / -0.31%
Volume 103.5K
BANC On Other Exchanges
Symbol
Exchange
New York
OTC US
As of 8:04 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

banc of california inc (BANC) Snapshot

Open
$12.72
Previous Close
$12.80
Day High
$12.86
Day Low
$12.58
52 Week High
05/4/15 - $12.89
52 Week Low
05/15/14 - $9.70
Market Cap
447.7M
Average Volume 10 Days
107.9K
EPS TTM
$1.11
Shares Outstanding
35.1M
EX-Date
03/11/15
P/E TM
11.5x
Dividend
$0.48
Dividend Yield
3.76%
Current Stock Chart for BANC OF CALIFORNIA INC (BANC)

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banc of california inc (BANC) Details

Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. It operates through Banking, Mortgage Banking, Financial Advisory and Asset Management, and Corporate/Other segments. The company’s deposits consist of savings, checking, money market, and interest and non-interest bearing demand accounts, as well as certificates of deposit; and commercial and consumer loan products include commercial and industrial loans, commercial real estate loans, multi-family loans, SBA guaranteed business loans, construction and renovation loans, lease financing, single family residential mortgage loans, warehouse loans, asset or security backed loans, home equity lines of credit, consumer and business lines of credit, home equity loans, and other consumer loans. It also provides private banking products and services for high net worth individuals and entrepreneurs; and other banking services to financial institutions, as well as invests in mortgage-backed securities. In addition, the company offers mobile, online, cash and treasury management, card payment services, remote deposit, ACH origination, employer/employee retirement planning, telephone banking, automated bill payment, electronic statements, safe deposit boxes, direct deposit, and wire transfers services. Further, it provides financial advisory and asset management services to third parties; and manages and disposes other real estate owned properties. As of December 31, 2014, the company operated 37 branches in San Diego, Orange, and Los Angeles Counties in California; and 67 loan production offices in California, Arizona, Oregon, Virginia, Indiana, Maryland, Colorado, Idaho, and Nevada. Banc of California, Inc. was formerly known as First PacTrust Bancorp, Inc. and changed its name to Banc of California, Inc. in July 2013. The company was founded in 1941 and is headquartered in Irvine, California.

1,533 Employees
Last Reported Date: 04/29/15
Founded in 1941

banc of california inc (BANC) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $900.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $687.5K
Chief Banking Officer, Executive Vice Preside...
Total Annual Compensation: $1.1M
Executive Vice President, General Counsel and...
Total Annual Compensation: $700.0K
Chief Credit Officer, Chief Risk Officer, Exe...
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2014.

banc of california inc (BANC) Key Developments

Banc of California, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015; Announces Net Charge Offs for the First Quarter of 2015

Banc of California, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s net income was $12.6 million and net income available to common shareholders of $11.7 million, or $0.29 per diluted common share. This compares to net income available to common shareholders of $9.2 million, or $0.25 per diluted common share, for the quarter ended December 31, 2014, and a net loss to common shareholders of $0.2 million, or $0.01 per diluted common share, for the year ago quarter ended March 31, 2014. Total interest and dividend income was $60.780 million against $42.776 million a year ago. Net interest income was $51.997 million against $35.185 million a year ago. Net interest income increased by $5.7 million, or 12%, from the prior quarter, and increased by $16.8 million, or 48%, compared to the year ago quarter. Income before income taxes was $22.098 million against $0.940 million a year ago. Return on average assets was 0.86%, and return on average equity was 9.86% against return on average assets of 0.08%, and return on average equity of 0.92% a year ago. Book value per share was $12.39 against $12.11 a year ago. Looking to the remainder of the year 2015, and including the interest cost of newly issued debt and preferred securities, management continues to believe the company is positioned to deliver earnings that will meet or exceed the $1.14 per share consensus estimate for the full year 2015. The company expects the tax rate of 42% to 43% going forward on a combined state and federal basis. Net charge offs for the first quarter of 2015 were $0.1 million.

Banc of California, Inc., Q1 2015 Earnings Call, Apr 30, 2015

Banc of California, Inc., Q1 2015 Earnings Call, Apr 30, 2015

Banc of California, Inc. Presents at Milken Institute, Global Conference 2015, Apr-27-2015 12:00 PM

Banc of California, Inc. Presents at Milken Institute, Global Conference 2015, Apr-27-2015 12:00 PM. Venue: 2025 Ave Of The Stars, Los Angeles, CA 90067, California, United States. Speakers: Antonio R. Villaraigosa, Strategic Advisor To Chief Executive Officer.

 

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Industry Analysis

BANC

Industry Average

Valuation BANC Industry Range
Price/Earnings 11.5x
Price/Sales 1.5x
Price/Book 1.0x
Price/Cash Flow 10.6x
TEV/Sales NM Not Meaningful
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