Banc of California, Inc. Reports First Quarter 2024 Financial Results with Improved Profitability and Strengthened Balance Sheet
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
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC):$0.17Earnings Per Share$0.19Adjusted Earnings Per Share(1)$17.18Book Value Per Share$15.07Tangible Book Value Per Share(1)10.12%CET1 Ratio27%Noninterest-Bearing DepositsBanc of California, Inc. (NYSE: BANC) (“Banc of California”), the parent company of wholly-owned subsidiary Banc of California (the “Bank”), today reported financial results for the first quarter ended March 31, 2024. The Company recorded net earnings available to common and equivalent stockholders of $28.2 million, or $0.17 per diluted common share, for the first quarter of 2024. On an adjusted basis, excluding the FDIC special assessment accrued for the first quarter, net earnings available to common and equivalent stockholders was $31.7 million, or $0.19 per diluted common share(1). This compares to a net loss of $492.9 million, or a loss of $4.55 per diluted common share, for the fourth quarter of 2023. The fourth quarter of 2023 included pre-t
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News
- Banc of California, Inc. (NYSE: BANC) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- Banc of California, Inc. (NYSE: BANC) had its "equal weight" rating re-affirmed by analysts at Stephens. They now have a $16.00 price target on the stock.MarketBeat
- Banc of California, Inc. (NYSE: BANC) had its price target lowered by analysts at Truist Financial Co. from $16.00 to $15.00. They now have a "hold" rating on the stock.MarketBeat
- Banc of California, Inc. (NYSE: BANC) had its price target lowered by analysts at Barclays PLC from $16.00 to $15.00. They now have an "equal weight" rating on the stock.MarketBeat
- Banc of California, Inc. (NYSE: BANC) had its price target lowered by analysts at Wedbush from $16.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
BANC
Earnings
- 4/23/24 - Miss
BANC
Sec Filings
- 5/1/24 - Form 3
- 4/26/24 - Form 4
- 4/23/24 - Form 8-K
- BANC's page on the SEC website