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Last $12.13 USD
Change Today -0.47 / -3.73%
Volume 509.8K
BANC On Other Exchanges
Symbol
Exchange
New York
OTC US
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

banc of california inc (BANC) Snapshot

Open
$12.50
Previous Close
$12.60
Day High
$12.51
Day Low
$12.03
52 Week High
06/26/15 - $14.25
52 Week Low
01/20/15 - $10.18
Market Cap
432.0M
Average Volume 10 Days
257.0K
EPS TTM
$0.97
Shares Outstanding
35.6M
EX-Date
06/11/15
P/E TM
12.5x
Dividend
$0.48
Dividend Yield
3.96%
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.

1,438 Employees
Last Reported Date: 03/16/15
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. Announces Unaudited Consolidated Financial Results for the Second Quarter and Half Year Ended June 30, 2015; Announces Loans and Leases Charged Off for the Second Quarter Ended June 30, 2015

Banc of California, Inc. announced unaudited consolidated financial results for the second quarter and half year ended June 30, 2015. For the quarter, the company’s total interest and dividend income was $64,844,000 against $43,634,000 a year ago. Net interest income was $54,104,000 against $35,575,000 a year ago. Net interest income after provision for loan and lease losses was $48,630,000 against $33,467,000 a year ago. Income before income taxes was $27,403,000 against $8,375,000 a year ago. Net income available to common shareholders was $13,081,000 or $0.32 per basic and diluted share against $7,189,000 or $0.27 per diluted share a year ago. Return on average assets was 1.02% against 0.81% a year ago. Return on average equity was 10.13% against 8.44% a year ago. Total revenue of $120.8 million for the second quarter increased by $22.8 million, or 23%, compared with the prior quarter, and increased by $49.9 million, or 70%, compared to the year ago quarter. Total revenue was $120,800,000 increased by $49,900,000, or 70%, compared to the year ago quarter. For the half year, the company’s total interest and dividend income was $125,624,000 against $86,410,000 a year ago. Net interest income was $106,101,000 against $70,760,000 a year ago. Income before income taxes was $49,501,000 against $9,475,000 a year ago. Net interest income after provision for loan and lease losses was $100,627,000 against $66,723,000 a year ago. Net income available to common shareholders was $24,745,000 or $0.62 per basic and diluted share against $7,028,000 or $0.30 per diluted share a year ago. Return on average assets was 0.94% against 0.46% a year ago. Return on average equity was 10.01% against 4.99% a year ago. Book value per common stock as at June 30, 2015 was $12.43 against $13.00 as at June 30, 2014.

Banc of California, Inc. to Report Q2, 2015 Results on Jul 29, 2015

Banc of California, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 29, 2015

Banc of California, Inc., Q2 2015 Earnings Call, Jul 30, 2015

Banc of California, Inc., Q2 2015 Earnings Call, Jul 30, 2015

 

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Industry Analysis

BANC

Industry Average

Valuation BANC Industry Range
Price/Earnings 10.6x
Price/Sales 1.3x
Price/Book 1.1x
Price/Cash Flow 9.0x
TEV/Sales NM Not Meaningful
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