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Banc of California, Inc.

Banc of California, Inc.

NYSE•BANC
CEO: Mr. Jared M. Wolff J.D.
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 2002-08-23
Banc of California, Inc. operates as the bank holding company for Banc of California that provides various banking products and services in California. The company offers deposit products, such as checking, savings, money market, demand, and time deposits; certificates of deposit; retirement accounts; and safe deposit boxes. It also provides real estate loans to professional developers and real estate investors for the acquisition, construction, refinancing, renovation, and on-going operation of commercial real estate properties; commercial real estate mortgage, residential real estate mortgage, and real estate construction and land loans; commercial loans and leases, such as equipment finance, other asset-based, venture capital, secured business, warehouse, and other lending services; small business administration loans; and consumer loans comprising personal, auto, and other loans, as well as home equity and revolving lines of credit. In addition, the company offers international banking, multi-state deposit, and asset and investment management services, as well as cash and treasury management services; and online, mobile, remote deposit, and telephone banking services. It serves small and middle-market businesses, venture capital firms, non-profit organizations, business owners, entrepreneurs, professionals, and high-net worth individuals. Banc of California, Inc. was founded in 1941 and is headquartered in Los Angeles, California.
Contact Information
11611 San Vicente Boulevard, Suite 500, Los Angeles, CA, 90049, United States
855-361-2262
bancofcal.com
Market Cap
$3.09B
P/E (TTM)
15.0
14.6
Dividend Yield
2.0%
52W High
$20.17
52W Low
$11.52
52W Range
96%
Rank57Top 72.6%
2.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$465.52M+8.91%
4-Quarter Trend

EPS

$0.38-5946.15%
4-Quarter Trend

FCF

$75.50M+47.25%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Q3 Earnings and NIM Net earnings available to common stockholders reached $59.7M ($0.38 diluted EPS) for Q3 2025, driven by NIM expansion to 3.22%.
Improved Asset Quality Metrics Total nonperforming assets decreased to $179.3M from $199.3M at year-end 2024; the nonaccrual loan ratio improved to 0.72%.
Balance Sheet Growth and Stability Total assets grew to $34.01B by September 30, 2025, supported by modest loan growth and relatively flat total deposits of $27.18B.
Robust Capital Adequacy Maintained Capital ratios remain strong, with the CET1 ratio at 10.14% and Tier 1 capital ratio at 12.56%, exceeding regulatory minimums.

Risk Factors

Rising Classified Loan Exposure Classified loans increased 36% to $763.6M, driven by downgrades in Venture Banking and specific commercial real estate concentration risks.
Interest Rate Sensitivity Profile The balance sheet remains near neutral, but sensitivity analysis indicates potential NII compression under sustained adverse interest rate movements.
Secondary Liquidity Reduction Secondary liquidity decreased by $1.2B due to lower available secured borrowing capacity from the FHLB and FRBSF lines.
Capital Ratio Pressure from Repurchases Consolidated capital ratios decreased due to the impact of stock repurchases totaling $185.5M year-to-date.

Outlook

NIM Expansion Expected NIM is expected to benefit from higher average loan yields and continued focus on expense discipline throughout the remainder of the year.
Stable Credit Quality Forecast Credit quality is expected to remain stable following strategic loan sales that removed higher-risk assets from the portfolio.
Continuation of Loan Sales Initiative $180.9M of loans remain to be sold under the strategic loan sale initiative, focusing on managing commercial real estate exposure.
Ongoing Capital Return Strategy The Board authorized an upsized $300.0M stock repurchase program, signaling continued commitment to returning capital to stockholders.

Peer Comparison

Revenue (TTM)

BankUnited, Inc.BKU
$2.16B
+6.5%
Banc of California, Inc.BANC
$1.80B
-28.6%
WesBanco, Inc.WSBC
$1.30B
+41.6%

Gross Margin (Latest Quarter)

Seacoast Banking Corporation of FloridaSBCF
78.6%
+19.0pp
CVB Financial Corp.CVBF
77.9%
+8.2pp
Bank of Hawaii CorporationBOH
70.5%
+10.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BKU$3.46B12.99.0%6.8%
WSBC$3.36B17.45.0%6.3%
FBK$3.15B30.56.1%1.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.2%
Moderate Growth
4Q Net Income CAGR
6.9%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 22, 2026
|
EPS:$0.38
|
Revenue:$290.08M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 10, 2025|
    Revenue: $465.52M+8.9%
    |
    EPS: $0.38-5946.2%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 8, 2025|
    Revenue: $448.22M-8.2%
    |
    EPS: $0.12+0.0%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $438.28M-13.7%
    |
    EPS: $0.26+116.7%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 3, 2025|
    Revenue: $1.87B+24.6%
    |
    EPS: $0.52+103.9%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 8, 2024|
    Revenue: $427.45M-12.0%
    |
    EPS: $-0.01-100.9%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $488.05M+20.0%
    |
    EPS: $0.12-61.3%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 10, 2024|
    Revenue: $508.03M-7.2%
    |
    EPS: $0.12-64.7%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $1.50B-6.5%
    |
    EPS: $-13.30-1702.4%
    Miss