Banc of California Reports First Quarter 2020 Financial Results
Banc of California, Inc. (BANC)
Last banc of california, inc. earnings: 4/29 06:00 am
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US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4074352
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Source: Business Wire
SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today reported net loss available to common stockholders for the first quarter of 2020 of $9.7 million, or diluted loss per common share of $0.19.First quarter results included:Common Equity Tier 1 capital at 11.57%Noninterest-bearing deposit balances increased $167.6 million to 23% of total deposits, up from 20%Total DDA balances increased $206.1 million to 51% of total depositsEnd of period deposit costs dropped to 0.89%; average total deposit costs decreased 16 basis points to 1.11%Allowance for credit losses increased to 1.45% of total loans, up from 1.04%Day 2 CECL provision for credit losses of $15.8 millionJared Wolff, President & CEO of Banc of California, commented, “Our first quarter results demonstrate our continued progress transforming Banc of California into a relationship focused business bank. Our work over the past 15 months to de-risk our balance sheet created significant excess capital to
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- Steadfast LA and Banc of California Award Second Round of Small Business Recovery Grants to Ten Wildfire-Impacted Local Businesses [Yahoo! Finance]Yahoo! Finance
- Steadfast LA and Banc of California Award Second Round of Small Business Recovery Grants to Ten Wildfire-Impacted Local BusinessesBusiness Wire
BANC
Earnings
- 10/22/25 - Beat
BANC
Sec Filings
- 11/10/25 - Form 10-Q
- 10/22/25 - Form 8-K
- 9/18/25 - Form 4/A
- BANC's page on the SEC website