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Banc of California (BANC)

Company Profile

Company profile

Ticker

BANC, BANC-PF

Exchange

Website

CEO

Mr. Jared M. Wolff J.D.

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

JPMorgan Chase & Co. • Bank of America • Citigroup • Wells Fargo & Company • U.S. Bancorp • The PNC Financial Services Group, Inc. • Capital One Financial • Shinhan Financial • Truist Financial • HSBC USA ...

Former names

FIRST PACTRUST BANCORP INC

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

43639825

BANC stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$18.67

Low target

$17.00

High target

$20.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

Results of Operations and Financial Condition

Quarterly report

8 Nov 24

Banc of California, Inc. Reports Third Quarter 2024 Financial Results Which Include Balance Sheet Repositioning

Departure of Directors or Certain Officers

Departure of Directors or Certain Officers

Quarterly report

9 Aug 24

Banc of California, Inc. Reports Second Quarter 2024 Financial Results

Changes in Registrant's Certifying Accountant

Submission of Matters to a Vote of Security Holders

Regulation FD Disclosure

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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BRYAN M CORSINI

Raymond J Rindone

Olivia I Lindsay

Financial summary

Financial statements Chart BANC financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	2.55 bn	2.55 bn	2.55 bn	2.55 bn	2.55 bn	2.55 bn
Cash burn (monthly)	48.19 mm	345.33 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	244.88 mm	1.75 bn	n/a	n/a	n/a	n/a
Cash remaining	2.31 bn	799.58 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	47.9	2.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

BANC institutional ownership history Ownership history

92.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	279	269	+3.7%
Opened positions	49	34	+44.1%
Closed positions	39	29	+34.5%
Increased positions	100	77	+29.9%
Reduced positions	78	98	-20.4%

13F shares	Current	Prev Q	Change
Total value	2.16 tn	2.05 tn	+5.2%
Total shares	155.32 mm	153.63 mm	+1.1%
Total puts	266.05 k	963.68 k	-72.4%
Total calls	1.05 mm	1.61 mm	-35.1%
Total put/call ratio	0.3	0.6	-57.5%

Largest owners	Shares	Value	Change
BlackRock	22.50 mm	$347.88 bn	+4.9%
Warburg Pincus	15.59 mm	$241.06 bn	0.0%
STT State Street	11.27 mm	$175.28 bn	+18.9%
T. Rowe Price Investment Management	10.91 mm	$168.72 mm	+6.3%
Vanguard	9.52 mm	$147.25 bn	-1.1%
Wellington Management	5.39 mm	$83.38 bn	+274.6%
Centerbridge Partners	4.02 mm	$62.14 bn	-34.1%
GS The Goldman Sachs Group, Inc.	3.50 mm	$54.10 bn	+29.5%
American Century Companies	3.17 mm	$49.02 bn	-28.8%
Geode Capital Management	3.16 mm	$48.89 bn	-0.9%

Largest transactions	Shares	Bought/sold	Change
Wellington Management	5.39 mm	+3.95 mm	+274.6%
Millennium Management	2.88 mm	+2.75 mm	+2119.0%
FJ Capital Management	0.00	-2.18 mm	EXIT
Centerbridge Partners	4.02 mm	-2.08 mm	-34.1%
Citadel Advisors	255.78 k	-1.96 mm	-88.4%
Dimensional Fund Advisors	1.14 mm	-1.82 mm	-61.6%
STT State Street	11.27 mm	+1.79 mm	+18.9%
American Century Companies	3.17 mm	-1.28 mm	-28.8%
Verition Fund Management	1.25 mm	-1.22 mm	-49.4%
BlackRock	22.50 mm	+1.05 mm	+4.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

BANC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
27 Feb 25	Raymond J Rindone	Common Stock	Payment of exercise	Dispose F	No	No	14.69	1,495	21.96 k	24,383
27 Feb 25	Hamid Hussain	Common Stock	Payment of exercise	Dispose F	No	No	14.69	2,641	38.80 k	86,215
27 Feb 25	Joseph Kauder	Common Stock	Payment of exercise	Dispose F	No	No	14.69	2,638	38.75 k	65,428
27 Feb 25	Ido Dotan	Common Stock	Payment of exercise	Dispose F	No	No	14.69	2,495	36.65 k	79,501
27 Feb 25	Olivia I Lindsay	Common Stock	Payment of exercise	Dispose F	No	No	14.69	2,441	35.86 k	42,091
25 Feb 25	Hamid Hussain	Common Stock	Grant	Acquire A	No	No	0	21,332	0.00	88,856
25 Feb 25	Joseph Kauder	Common Stock	Grant	Acquire A	No	No	0	19,625	0.00	68,066
25 Feb 25	Ido Dotan	Common Stock	Grant	Acquire A	No	No	0	19,625	0.00	81,996
25 Feb 25	Olivia I Lindsay	Common Stock	Grant	Acquire A	No	No	0	15,359	0.00	44,532

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

JP Morgan Initiates Coverage On Banc of California with Neutral Rating, Announces Price Target of $18

JP Morgan analyst Anthony Elian initiates coverage on Banc of California (NYSE:BANC) with a Neutral rating and announces Price Target of $18.

Stephens & Co. Maintains Equal-Weight on Banc of California, Lowers Price Target to $17

Stephens & Co. analyst Andrew Terrell maintains Banc of California (NYSE:BANC) with a Equal-Weight and lowers the price target from $18 to $17.

Breaking Down Banc of California: 6 Analysts Share Their Views

Raymond James Maintains Outperform on Banc of California, Raises Price Target to $18

Barclays Maintains Overweight on Banc of California, Lowers Price Target to $19

Press releases

From Benzinga Pro

Banc of California, Inc. to Participate in the Raymond James & Associates' 46th Annual Institutional Investors Conference

Banc of California, Inc. (the "Company") (NYSE:BANC) announced today that Jared Wolff, President and Chief Executive Officer, will meet with investors at the Raymond James & Associates' 46th Annual Institutional

Banc of California, Inc. Announces Quarterly Dividends

Banc of California, Inc. (the "Company") (NYSE:BANC) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. The dividend will be payable April

Banc of California, Inc. Reports Fourth Quarter Diluted Earnings per Share of $0.28, Reflecting Strong Year-Over-Year Net Interest Margin Expansion and Lower Noninterest Expenses

Banc of California, Inc. (NYSE:BANC): $0.28 Earnings Per Share $17.78 Book Value Per Share $15.72 Tangible Book Value Per Share(1) 10.55% CET1

Banc of California Creates Charitable Fund and Commits $1 Million to Support Southern California Communities Affected by Wildfires

Banc of California Announces Schedule of Fourth Quarter 2024 Earnings Release and Conference Call

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