Banc of California Reports Second Quarter 2019 Earnings
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
SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders of $11.9 million, for the second quarter of 2019, resulting in diluted earnings per common share of $0.23.Highlights for the second quarter included:Net interest margin increased by 5 basis points from the prior quarter to 2.86% for the second quarter, resulting from a 5 basis point decline in our cost of depositsLoan production was $599 million for the quarter, including $186 million of commercial and industrial loan commitmentsLoan delinquencies decreased by 12.2% from the prior quarter to $52.2 millionHeld-for-investment loan balances for the second quarter decreased to $6.7 billion as we sold lower coupon single family and multifamily loans and transferred $574 million of multifamily loans to held-for-sale, pending a planned Freddie Mac securitizationCollateralized loan obligations declined to $737 million following $298 million of sales and call
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BANC
News
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- Banc of California Hires Ann DeVries as Head of Investor RelationsBusiness Wire
- 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
Earnings
- 4/23/24 - Miss
BANC
Sec Filings
- 5/10/24 - Form 10-Q
- 5/1/24 - Form 3
- 4/26/24 - Form 4
- BANC's page on the SEC website