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BANC

Banc of California, Inc.

BANC

Banc of California, Inc. • NYSE
$18.44 ▲ 0.05% (+0.01)
Market Cap $2.87 B
52w High $18.71
52w Low $11.52
Dividend Yield 0.40%
P/E 17.9
Volume 697.72K
Outstanding Shares 155.44M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $465.523M ▲ $194.081M ▲ $69.629M ▲ 14.957% ▲ $0.38 ▲ $99.505M ▲
Q2-2025 $448.222M ▲ $181.819M ▲ $28.385M ▼ 6.333% ▼ $0.12 ▼ $73.236M ▼
Q1-2025 $438.275M ▼ $180.723M ▲ $53.568M ▼ 12.222% ▼ $0.26 ▼ $99.143M ▲
Q4-2024 $449.019M ▲ $176.881M ▼ $56.919M ▲ 12.676% ▲ $0.28 ▲ $97.319M ▲
Q3-2024 $427.447M $192.215M $8.784M 2.055% $-0.006 $43.283M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.822B ▲ $34.013B ▼ $30.546B ▼ $3.467B ▲
Q2-2025 $4.596B ▲ $34.25B ▲ $30.824B ▲ $3.427B ▼
Q1-2025 $2.344B ▼ $33.78B ▲ $30.258B ▲ $3.522B ▲
Q4-2024 $4.749B ▼ $33.543B ▲ $30.043B ▲ $3.5B ▲
Q3-2024 $4.855B $33.433B $29.936B $3.496B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $69.629M ▲ $75.681M ▲ $285.526M ▲ $-316.494M ▼ $44.713M ▲ $75.496M ▲
Q2-2025 $28.385M ▼ $62.714M ▲ $-493.543M ▼ $440.492M ▲ $9.663M ▲ $61.445M ▲
Q1-2025 $53.568M ▼ $15.122M ▼ $-384.739M ▼ $211.294M ▲ $-158.323M ▼ $13.597M ▼
Q4-2024 $56.919M ▲ $79.796M ▲ $-266.002M ▼ $134.191M ▲ $-52.015M ▲ $75.662M ▲
Q3-2024 $8.784M $46.871M $1.658B $-1.849B $-144.583M $51.271M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Noninterest Income
Noninterest Income
 $20.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲
Other
Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Other Commissions And Fees
Other Commissions And Fees
 $10.00M ▲$10.00M ▲$0 ▼$0 ▲
Service Charges On Deposit Accounts
Service Charges On Deposit Accounts
 $10.00M ▲$0 ▼$0 ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Banc of California’s revenues have generally trended higher over the last several years, showing that the bank has been able to grow its business base. Profitability, however, has been uneven. After a stretch of solid profits in 2021 and 2022, 2023 shows a very large loss at the operating and net income level, likely tied to merger-related costs, credit charges, or other one-time items. In 2024 the bank returns to profitability, but earnings remain below the best years of the past cycle. Overall, the business seems capable of generating healthy profits in normal conditions, but recent results highlight that earnings can be volatile when the bank restructures, merges, or faces credit stress.

Balance Sheet

Balance Sheet The balance sheet shows a relatively large asset base for a regional bank and a noticeable step-up in scale over time, consistent with its merger activity. Equity has been stable to slightly improving, which suggests the bank has retained enough capital to support its operations despite the 2023 loss. Debt levels rose as the bank grew but then eased back more recently, indicating some effort to reduce funding pressure. Cash levels increased meaningfully versus early years but then declined after 2023, which may reflect integration, repositioning of the balance sheet, or changes in funding mix. Overall, the bank appears adequately capitalized for a regional lender, but it is still digesting a bigger, more complex balance sheet.

Cash Flow

Cash Flow Cash flow from operations has been positive each year, which is a key strength. Even in the year with a large accounting loss, the bank still generated positive operating cash, implying that some of the reported pain may have been driven by non-cash or one-time items. Free cash flow has stayed in positive territory with only modest spending needs for technology and physical infrastructure. The recent dip in operating cash flow in 2024, despite better profits, hints at working capital swings or merger integration effects. In plain terms: the business has remained cash-generative, but the pattern is a bit choppy as the bank grows and restructures.

Competitive Edge

Competitive Edge Banc of California competes as a specialized regional bank with a strong focus on California and the innovation ecosystem nationwide. Instead of trying to be a broad national retail bank, it leans into relationship-based banking for small and mid-sized businesses, venture-backed companies, and selected industries like technology, life sciences, and entertainment. The merger with PacWest gives it more scale, a larger client base, and a deeper presence in key markets, which can help with efficiency and brand recognition. Its niche focus, sector expertise, and higher-touch service model differentiate it from many regional peers, but also leave it more exposed to conditions in the innovation and California business economies.

Innovation and R&D

Innovation and R&D For a regional bank, Banc of California has an unusually strong emphasis on technology and specialized platforms. It has created the Build@Banc program for startups, offering not just bank accounts and credit but also access to software discounts and networking opportunities. The acquisition of a payments technology firm gave it an in-house payment processing stack, which allows it to offer integrated solutions to software vendors and e-commerce businesses. Products like SmartStreet for homeowner associations and Banc PremierPay for business-to-business payments show a pattern of targeted, niche digital offerings rather than generic banking tools. The bank also partners with fintechs and has hired dedicated digital strategy leadership, signaling a commitment to ongoing innovation. The key question is execution: whether it can keep evolving these tools quickly enough to stay ahead of both larger banks and agile fintech competitors.

Summary

Banc of California is in the middle of a strategic transformation: it has scaled up through mergers, focused on higher-growth, innovation-oriented clients, and invested in technology and specialized platforms. Financially, revenues have grown and the bank can generate solid profits, but the sharp loss in 2023 and the post-merger integration phase highlight meaningful execution and credit risks. The balance sheet looks reasonably sound, with adequate capital and a deliberate effort to manage debt and liquidity, while cash flows remain positive even through volatility. Competitively, the bank’s edge comes from its niche focus, relationship banking, and tech-forward offerings, rather than sheer size. Its future performance will likely depend on how well it manages credit quality in its chosen niches, completes post-merger integration, and continues to innovate without overextending its risk profile.

NEWS

November 6, 2025 · 4:21 PM UTC

Steadfast LA and Banc of California Award Second Round of Small Business Recovery Grants to Ten Wildfire-Impacted Local Businesses

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November 6, 2025 · 6:00 AM UTC

Banc of California, Inc. Announces Quarterly Dividends

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October 22, 2025 · 4:15 PM UTC

Banc of California, Inc. Reports Diluted Earnings per Share of $0.38 for the Third Quarter

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October 20, 2025 · 4:30 PM UTC

Banc of California Grows Los Angeles Presence With New Downtown Office

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October 3, 2025 · 6:00 AM UTC

Banc of California Announces Schedule of Third Quarter 2025 Earnings Release and Conference Call

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