BANC Stock Recent News

LOS ANGELES--(BUSINESS WIRE)-- #Startups--Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today the launch of Build@Banc, a service dedicated to providing tailored banking solutions to seed and early-stage innovative startups. The Build@Banc team also provides guidance and resources to help founders choose the right banking solutions and offers introductions to its well-established network of investors and advisers. “We want companies to start with us, stay.

Banc of California inherited PacWest's preferred shares in its acquisition in late 2023. Banc of California has a different asset mix than PacWest but our assessment is that it has similarly robust adjusted capital levels. The majority of appreciation has already occurred by the preferred shares remain attractive from an income and total return perspective.

Banc of California Inc (NYSE:BANC ) Q1 2024 Results Conference Call April 23, 2024 1:00 PM ET Company Participants Jared Wolff - Vice Chairman, President & CEO Joseph Kauder - Executive VP & CFO Conference Call Participants Jared Shaw - Barclays Matthew Clark - Piper Sandler Chris McGratty - KBW Timur Braziler - Wells Fargo Gary Tenner - D.A. Davidson Andrew Terrell - Stephens Timothy Coffey - Janney Brandon King - Truist Securities David Feaster - Raymond James Operator Hello, and welcome to Banc of California's First Quarter Earnings Conference Call.

While the top- and bottom-line numbers for Banc of California (BANC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Banc of California (BANC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release 2024 first quarter financial results on Tuesday, April 23, 2024. The Company will host a conference call to discuss its first quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day. Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 1537279. A live audio webcast will also be available on the Webcasts page of.

Banc of California offers an attractive 3% dividend yield and is selling at a 23% discount to its long-term average P/B ratio. BANC has a well-performing core loan portfolio with a strong asset quality profile. The reduction of high-cost short-term borrowings is a NIM catalyst for the bank in FY 2024.

RCL, PAVM, BANC, PRLB and IBP have been added to the Zacks Rank #1 (Strong Buy) List on March 27, 2023.

GATX, BANC and KFY made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 27, 2023.

Banc of California completed a merger with PacWest Bancorp, becoming the third-largest bank headquartered in California. The merger included the sale of $1.9 billion in assets and a $400 equity infusion. The Preferred was originally issued by PacWest. Both the Banc of California and the preferred stock are reviewed. Its desirability as an investment is compared to alternate preferred stocks. The preferred stock has a call date of 9/1/27 and can be called early if Tier 1 capital rules change.