What's new? Log in Free sign up

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 • HSBC USA • Regions Financial ...

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

$18.80

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

View all

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

View all

Raymond J Rindone

T. Rowe Price Investment Management, Inc.

Jeffrey Krumpoch

RICHARD J LASHLEY

Raymond J Rindone

WARBURG PINCUS LLC

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)	193.84 mm	1.39 bn	n/a	n/a	n/a	n/a
Cash remaining	2.36 bn	1.17 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	49.0	3.4	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

BANC institutional ownership history Ownership history

91.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	268	264	+1.5%
Opened positions	34	38	-10.5%
Closed positions	30	40	-25.0%
Increased positions	77	97	-20.6%
Reduced positions	97	75	+29.3%

13F shares	Current	Prev Q	Change
Total value	2.05 tn	1.84 tn	+11.3%
Total shares	153.63 mm	157.56 mm	-2.5%
Total puts	963.68 k	1.00 mm	-3.9%
Total calls	1.61 mm	1.43 mm	+13.0%
Total put/call ratio	0.6	0.7	-15.0%

Largest owners	Shares	Value	Change
BlackRock	21.45 mm	$315.92 bn	NEW
Warburg Pincus	15.59 mm	$229.68 bn	0.0%
T. Rowe Price Investment Management	10.27 mm	$151.26 mm	+15.4%
Vanguard	9.63 mm	$141.87 bn	+0.5%
STT State Street	9.48 mm	$140.66 bn	-4.4%
Centerbridge Partners	6.10 mm	$89.82 bn	0.0%
American Century Companies	4.45 mm	$65.56 bn	+38.1%
Geode Capital Management	3.19 mm	$47.02 bn	-0.0%
PL Capital Advisors	3.02 mm	$44.55 bn	-6.2%
Dimensional Fund Advisors	2.96 mm	$43.62 bn	-34.6%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-21.86 mm	EXIT
BlackRock	21.45 mm	+21.45 mm	NEW
Capital Research Global Investors	0.00	-4.79 mm	EXIT
Citadel Advisors	2.21 mm	+1.91 mm	+632.9%
Dimensional Fund Advisors	2.96 mm	-1.57 mm	-34.6%
Basswood Capital Management, L.L.C.	1.73 mm	+1.48 mm	+589.8%
Wellington Management	1.44 mm	+1.44 mm	NEW
T. Rowe Price Investment Management	10.27 mm	+1.37 mm	+15.4%
Senator Investment	0.00	-1.29 mm	EXIT
American Century Companies	4.45 mm	+1.23 mm	+38.1%

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
15 Dec 24	Raymond J Rindone	Common Stock	Payment of exercise	Dispose F	No	No	16.72	383	6.40 k	26,428
5 Sep 24	Lashley Richard J	Common Stock	Sell	Dispose S	Yes	No	14.197	74,113	1.05 mm	2,355,280
5 Sep 24	Lashley Richard J	Common Stock	Sell	Dispose S	Yes	No	14.197	50,887	722.44 k	668,939
4 Sep 24	Lashley Richard J	Common Stock	Sell	Dispose S	Yes	No	14.004	56,250	787.73 k	2,429,393
4 Sep 24	Lashley Richard J	Common Stock	Sell	Dispose S	Yes	No	14.004	18,750	262.58 k	719,826
2 Aug 24	Raymond J Rindone	Common Stock	Payment of exercise	Dispose F	No	No	13.19	637	8.40 k	26,811
2 Aug 24	Joseph Kauder	Common Stock	Payment of exercise	Dispose F	No	No	13.19	3,818	50.36 k	48,441

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

News

From Benzinga Pro

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

Raymond James analyst David Feaster maintains Banc of California (NYSE:BANC) with a Outperform and raises the price target from $17 to $18.

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

Banc of California Q4 2024 GAAP EPS $0.28 Beats $0.23 Estimate, Sales $235.28M Miss $246.81M Estimate

Press releases

From Benzinga Pro

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

The Banc of California Wildfire Relief & Recovery Fund Will Support Southern California With Disaster Relief and Rebuilding Efforts Advisory Board of Business and Civic Leaders to be Created to Ensure the Funds

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

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, 2024 on Thursday, January 23, 2025. The Company will host

Banc of California, Inc. Announces Quarterly Dividends

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.