BANC Stock Recent News
BANC LATEST HEADLINES
The headline numbers for Banc of California (BANC) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Banc of California (BANC) came out with a quarterly loss of $0.46 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to earnings of $0.45 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Banc of California (BANC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release financial results for the fourth quarter and fiscal year ended December 31, 2023 on Thursday, January 25, 2024. The Company will host a conference call to discuss these financial results 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 4864870. A live audio webcast wil.
ALTO, BANC and CBRE have been added to the Zacks Rank #5 (Strong Sell) List on December 28, 2023.
Banc of California recently completed its merger with PacWest Bancorp, making it a leading bank in the state of California. The merger allows Banc of California to reduce expenses and optimize its balance sheet by repaying high-cost wholesale funding. The regional bank is a strong choice for dividend investors, with potential for significant dividend growth in the future.
Banc of California (BANC) completes the acquisition of PacWest Bancorp. The all-stock deal, announced in July, will serve the banking needs of small and medium-sized businesses in California.
PacWest (PACW) and Banc of California (BANC) receive shareholder approval for their merger deal. The transaction is expected to close on or around Nov 30, 2023, as planned.
Banc of California and Pacific Western Bank are merging, creating a combined company with over 70 branches in California. The merger is a lifeline for PacWest, but at the same time, unlocks great potential for the combined company. At current prices, both the common stocks and also PACWP offer decent upside while being protected on the downside by high tangible equity.
Banc of California (BANC) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.44 per share a year ago.