Banc of California, Inc.
- Open
- 21.25
- Day high
- 21.27
- Day low
- 20.77
- Prev close
- 21.21
- Volume
- 2.0M
- Mkt cap
- $3.3B
- P/E (TTM)
- 15.8
- EPS (TTM)
- $1.32
- P/B
- 0.9
- P/S
- 1.8
- Yield
- 2.11%
- Per share
- $0.44
- ▼Insiders net selling -$478K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions accumulating (13F)
Banc of California, Inc. (BANC) is a Financial Services company listed on NYSE. The stock is up 39% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4).
Banc of California, Inc. (BANC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BANC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.38 | $0.39 | +2.6% | $287M | -1.3% |
| Jan 21, 2026 | $0.37 | $0.42 | +13.5% | $293M | +0.6% |
| Oct 22, 2025 | $0.32 | $0.38 | +17.1% | $286M | +1.0% |
| Apr 23, 2025 | $0.24 | $0.26 | +8.3% | $264M | -2.6% |
| Jan 23, 2025 | $0.23 | $0.28 | +21.7% | $260M | -5.9% |
| Oct 22, 2024 | $0.14 | $0.25 | +76.7% | $213M | -19.0% |
| Jul 23, 2024 | $0.19 | $0.10 | -47.4% | $255M | +6.2% |
| Jan 25, 2024 | $-0.32 | $-0.46 | -43.8% | $1.1B | +544.4% |
| Jul 25, 2023 | $0.31 | $0.31 | +0.0% | $53M | -26.4% |
| Apr 20, 2023 | $0.37 | $0.34 | -8.1% | $309M | +293.1% |
| Jan 19, 2023 | $0.43 | $0.45 | +4.7% | $79M | -8.9% |
| Oct 20, 2022 | $0.47 | $0.40 | -14.9% | $85M | -3.8% |
BANC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 10, 2026 | Rice Joseph Jdirector, officer: SR EVP AND VICE CHAIRMAN | Grant | 50,000 | — |
| Jul 10, 2026 | Rice Joseph Jdirector, officer: SR EVP AND VICE CHAIRMAN | Grant | 18,114 | — |
| May 27, 2026 | CORSINI BRYAN Mofficer: CHIEF CREDIT OFFICER | Sell | 14,988 | $19.06 |
| May 11, 2026 | CORSINI BRYAN Mofficer: CHIEF CREDIT OFFICER | Tax | 9,677 | $19.04 |
| May 8, 2026 | EGGEMEYER JOHN M IIIdirector | Grant | 4,780 | — |
| May 8, 2026 | Rice Joseph Jdirector | Grant | 4,780 | — |
| May 8, 2026 | Burke Paul Robertdirector | Grant | 4,780 | — |
| May 8, 2026 | Barker James Andrewdirector | Grant | 4,780 | — |
| May 8, 2026 | Curran Mary Adirector | Grant | 4,780 | — |
| May 8, 2026 | Schlogel Vania Edirector | Grant | 4,780 | — |
| May 8, 2026 | Thau Andrewdirector | Grant | 4,780 | — |
| May 8, 2026 | EUSEY SHANNON Fdirector | Grant | 4,780 | — |
| May 8, 2026 | LESTER SUSAN Edirector | Grant | 4,780 | — |
| Apr 29, 2026 | CORSINI BRYAN Mofficer: CHIEF CREDIT OFFICER | Sell | 10,399 | $18.52 |
| Apr 1, 2026 | Hon Karenofficer: CHIEF ACCOUNTING OFFICER | Tax | 1,295 | $17.40 |
Source: BANC SEC Form 4 filings, latest Jul 10, 2026. For informational purposes only — not investment advice.
See the full BANC insider & 13F page →Banc of California, Inc. company profile
Overview
Banc of California, Inc. (NYSE:BANC) is a regional bank holding company founded in 1941 and headquartered in Santa Ana, California. Originally known as First PacTrust Bancorp, the company changed its name to Banc of California in July 2013. The bank operates primarily in Southern California through its subsidiary, Banc of California, National Association. Over the past few years, the company has undergone significant strategic transformation, including a major balance sheet repositioning and the acquisition of assets from PacWest Bank, which substantially increased its size and market presence in the California banking sector.
Business
Banc of California operates as a traditional commercial bank in the regional banking industry, providing a comprehensive suite of banking products and services to businesses and consumers primarily in Southern California. The banking industry serves as a financial intermediary, taking deposits from customers and lending those funds to borrowers while earning a profit on the interest rate spread. The company's core offerings include deposit products such as checking accounts, savings accounts, money market accounts, and certificates of deposit. These products allow customers to safely store their money while earning interest, and they provide the bank with a source of funding for its lending operations. On the lending side, Banc of California provides commercial and industrial loans to businesses for working capital and expansion, commercial real estate loans for property purchases and development, construction loans for building projects, and residential mortgage loans for home purchases. The bank has developed particular expertise in specialized lending areas including warehouse lending (providing short-term funding to mortgage originators), fund finance (lending to investment funds), and lender finance (providing credit facilities to other financial institutions). These specialized products typically command higher margins than traditional banking products. Additionally, Banc of California offers treasury management services, foreign exchange services, cash management solutions, and digital banking platforms. The company has also invested in developing a payments processing platform called DeepStack, which aims to create additional fee income by processing transactions for business clients. As of December 2024, the bank operated 29 full-service branches throughout Southern California and maintained total assets of approximately $33.5 billion.
Revenue model
Banc of California generates revenue primarily through the traditional banking model of net interest income - the difference between interest earned on loans and investments and interest paid on deposits and borrowed funds. This spread, measured as net interest margin, was 3.04% as of Q4 2024. The bank's paying customers include commercial businesses seeking loans and treasury services, real estate developers and investors, mortgage companies requiring warehouse funding, investment funds needing financing, and individual consumers with deposit and loan needs. The company also earns non-interest income through fees charged for banking services, treasury management, foreign exchange transactions, and loan origination fees. The developing DeepStack payments platform is expected to generate additional fee income as it scales up operations. Several factors significantly impact the bank's profitability margins. Interest rate environment is the primary driver - rising rates generally benefit banks by allowing them to charge higher loan rates faster than deposit costs increase, while falling rates can compress margins. Deposit composition is crucial, as non-interest-bearing deposits (currently 29% of total deposits) provide free funding that enhances margins. The bank targets increasing this to over 30%. Credit quality directly affects profitability through loan loss provisions - economic downturns or poor underwriting can force the bank to set aside significant reserves for potential losses. Funding costs are influenced by the bank's reliance on wholesale funding versus stable customer deposits. The company has worked to reduce wholesale funding from over 20% to approximately 10% of assets. Competition from other banks, credit unions, and non-bank lenders affects both loan pricing and deposit costs. However, Banc of California has benefited from market disruption as several competitors have exited or reduced their California presence, creating opportunities to gain market share and attract new relationships.
Risks & safety
Banc of California presents a moderate margin of safety profile with some concerning leverage metrics but adequate liquidity and improving profitability trends. • Liquidity position: Strong with $2.5 billion in cash and short-term investments, providing substantial buffer for operations and unexpected outflows • Debt and leverage: Debt-to-equity ratio of 0.67 is manageable for a bank, though the current ratio of 0.18 reflects the typical banking model where deposits (liabilities) far exceed liquid assets • Capital adequacy: CET1 ratio targeting around 11% indicates adequate regulatory capital buffer above minimum requirements • Profitability trajectory: Positive with ROE of 1.6% in Q1 2025, targeting 13% ROTCE by year-end, showing improving but still modest returns • Valuation metrics: Trading at 0.68x book value and 11.2x earnings suggests potential undervaluation, though P/E reflects recent earnings improvement • Credit risk: Loan loss reserves at 1.13% of total loans with coverage ratio of 1.66% provides reasonable cushion, though increased classified loans in multifamily portfolio requires monitoring • Interest rate sensitivity: Balance sheet repositioning has reduced duration risk, but margin compression remains possible in declining rate environment
Recent development
Over the past few years, Banc of California has undergone substantial strategic transformation centered on balance sheet optimization and market repositioning. The most significant development was the 2024 acquisition of assets from the failed PacWest Bank, which dramatically increased the company's size and market presence while requiring extensive integration efforts. The company executed a major balance sheet repositioning strategy by selling $1.95 billion of lower-yielding CIVIC loans at 98% of par value and using proceeds to pay down expensive wholesale funding. This strategic move improved asset quality and reduced funding costs. The bank also repositioned $740 million in securities, increasing yields by 270 basis points, and reduced broker deposits by nearly $4 billion to decrease reliance on volatile funding sources. Operational infrastructure modernization has been a key focus, with the completion of core system conversion from PacWest's systems to FIS in 2024. This integration enables better operational efficiency and customer service capabilities. The company has also invested heavily in technology initiatives including digital account opening capabilities, data harmonization projects, and cloud migration to support future growth. The development of the DeepStack payments platform represents a strategic diversification effort to generate fee income beyond traditional banking. While still in early stages, this platform aims to process payments for business clients and create a more comprehensive financial services ecosystem. Market expansion and talent acquisition has accelerated, with the bank adding over 1,700 new banking relationships and recruiting experienced bankers across key markets. The company has capitalized on market disruption from competitor exits to gain market share, particularly in specialized lending areas like warehouse finance, fund finance, and lender finance where it has developed particular expertise.
BANC company profile · for informational purposes only — not investment advice.
Track BANC with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free