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Banc of California, Inc. operates as the bank holding company for Banc of California that provides banking and treasury management services in the United States. The company offers deposit products, including checking, savings, money market, demand, and retirement accounts, as well as time deposits, certificates of deposit, and safe deposit boxes. It also provides real estate loans, such as commercial real estate mortgage, multi-family, other residential real estate mortgage, and real estate construction and land loans; commercial loans and leases comprising lender finance, equipment finance, other asset-based, venture capital, secured business, warehouse, and other lending loans; and consumer loans. In addition, the company offers electronic payment services for commercial clients, such as merchant acquiring and card issuing services; automated bill payments, cash and treasury management, master demand accounts, foreign exchange, interest rate swaps, card payment services, remote and mobile deposit capture, automated clearing house origination, wire transfer, and direct deposit; and investment management services. It serves small and middle-market businesses, venture capital and private equity firms, non-profit organizations, business owners, entrepreneurs, professionals, and high-net worth individuals. The company offers its products and services through branches located throughout California; Denver, Colorado; and Durham, North Carolina, as well as through regional offices in the United States. Banc of California, Inc. was founded in 1941 and is headquartered in Los Angeles, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.1B | - | $229M | $235M | 7.5% | 11.9% | 80.5% |
| 2024 | $986M | - | $127M | $64M | 4.2% | 254.1% | -106.7% |
| 2023 | $278M | - | $-1.9B | $121M | -65.7% | -79.2% | -548.3% |
| 2022 | $1.3B | - | $424M | $581M | 12.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,341.02 | 278.38 | 985.89 | 1,103.15 |
| Operating Revenue | - | 1,341.02 | 278.38 | 985.89 | 1,103.15 |
| Selling General And Administration | - | 432.32 | 468.02 | 412.18 | 382.26 |
| Interest Income | - | 1,556.49 | 1,971 | 1,812.70 | 1,676.65 |
| Interest Expense | - | 265.73 | 1,223.87 | 886.66 | 699.27 |
| Net Interest Income | - | 1,290.76 | 747.13 | 926.05 | 977.39 |
| Pretax Income | - | 567.57 | -2,211.34 | 168.65 | 313.08 |
| Tax Provision | - | 143.96 | -312.20 | 41.77 | 84.10 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -8.80 | -214.51 | 3.51 | 0 |
| Net Income Continuous Operations | - | 423.61 | -1,899.14 | 126.89 | 228.97 |
| Net Income From Continuing And Discontinued Operation | - | 423.61 | -1,899.14 | 126.89 | 228.97 |
| Net Income From Continuing Operation Net Minority Interest | - | 423.61 | -1,899.14 | 126.89 | 228.97 |
| Net Income | - | 423.61 | -1,899.14 | 126.89 | 228.97 |
| Net Income Common Stockholders | - | 404.27 | -1,938.92 | 87.10 | 189.18 |
| Net Income Including Noncontrolling Interests | - | 423.61 | -1,899.14 | 126.89 | 228.97 |
| Normalized Income | - | 449.52 | -594.28 | 116.22 | 228.97 |
| Diluted NI Availto Com Stockholders | - | 404.27 | -1,938.92 | 87.10 | 189.18 |
| Basic Average Shares | - | 60.80 | 85.39 | 168.44 | 159.81 |
| Diluted Average Shares | - | 61.18 | 85.39 | 168.68 | 161.72 |
| Reconciled Depreciation | - | 97.40 | 91.29 | 121.40 | 101.03 |
| Total Unusual Items | - | -34.70 | -1,519.37 | 14.18 | 0 |
| Total Unusual Items Excluding Goodwill | - | -34.70 | -1,519.37 | 14.18 | 0 |
| Preferred Stock Dividends | - | 19.34 | 39.79 | 39.79 | 39.79 |
| Special Income Charges | - | -34.70 | -1,519.37 | 14.18 | 0 |
| Impairment Of Capital Assets | - | 29 | 1,376.74 | 0 | 0 |
| Restructuring And Mergern Acquisition | - | 5.70 | 142.63 | -14.18 | 0 |
| Gain On Sale Of Security | - | -47.83 | -443.13 | -59.99 | 1.73 |
| Depreciation Amortization Depletion Income Statement | - | 49.23 | 45.66 | 62.41 | 54.66 |
| Depreciation And Amortization In Income Statement | - | 49.23 | 45.66 | 62.41 | 54.66 |
| General And Administrative Expense | - | 432.32 | 468.02 | 412.18 | 382.26 |
| Other Gand A | 10.26 | - | - | - | - |
| Salaries And Wages | - | 406.84 | 332.35 | 341.40 | 349.51 |
| Insurance And Claims | - | 25.49 | 135.67 | 70.78 | 32.75 |
| Selling And Marketing Expense | 0.49 | - | - | - | - |
| Otherunder Preferred Stock Dividend | 3.46 | 3.75 | - | - | - |
| Amortization | - | 13.58 | 11.42 | 33.14 | 28.27 |
| Amortization Of Intangibles Income Statement | - | 13.58 | 11.42 | 33.14 | 28.27 |
| Occupancy And Equipment | - | 60.96 | 61.67 | 67.99 | 60.62 |
| Depreciation Income Statement | - | 35.66 | 34.24 | 29.27 | 26.39 |
| Professional Expense And Contract Services Expense | - | 30.28 | 24.62 | 20.86 | 23.09 |
| Other Non Interest Expense | - | 141.44 | 318.38 | 225.18 | 198.85 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Banc of California, Inc.this co. | BANC | $3.0B | 13.02↓ discount | 0.98 | 7.5% | - |
| First Financial Bancorp. | FFBC | $3.2B | 12.54 | 1.16 | 9.2% | - |
| Park National Corporation | PRK | $3.1B | 17.38 | 2.31 | 13.3% | - |
| Simmons First National Corporation | SFNC | $3.1B | -7.86 | 0.91 | -11.6% | - |
| Bank of Hawaii Corporation | BOH |
| - |
| - |
| - |
| - |
| - |
| - |
| $3.0B |
| 14.70 |
| 2.01 |
| 13.7% |
| - |
| CorVel Corporation | CRVL | $3.0B | 27.21 | 7.61 | 28.0% | 15.99 |
| Seacoast Banking Corporation of Florida | SBCF | $2.9B | 20.25 | 1.08 | 5.3% | - |
| Provident Financial Services, Inc. | PFS | $2.9B | 10.00 | 1.03 | 10.3% | - |
| WisdomTree, Inc. | WT | $2.9B | 26.77 | 7.01 | 26.2% | 19.33 |
| Peer Median | - | 16.04 | 1.58 | 11.8% | 17.66 | |