| Banc of California, Inc. Announces Quarterly Dividends |
LOS ANGELES--(BUSINESS WIRE)--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 July 1, 2025, to stockholders of record as of June 16, 2025. The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F. The dividend will be pa. |
businesswire.com |
2025-05-08 10:00:00 |
Czytaj oryginał (ang.) |
| Is the Options Market Predicting a Spike in Banc of California (BANC) Stock? |
Investors need to pay close attention to Banc of California (BANC) stock based on the movements in the options market lately. |
zacks.com |
2025-05-06 13:50:41 |
Czytaj oryginał (ang.) |
| Is Banc of California (BANC) a Great Value Stock Right Now? |
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
zacks.com |
2025-04-28 14:46:22 |
Czytaj oryginał (ang.) |
| Banc of California: Unfolding An Industrial Future |
Banc of California's conservative strategy may signal a GDP growth decline if industry-wide lending standards tighten. The business combination with PacWest and cash infusion aimed to stabilize the bank by addressing issues upfront. Despite progress, profitability improvements may slow due to industry uncertainty. |
seekingalpha.com |
2025-04-28 10:39:49 |
Czytaj oryginał (ang.) |
| Banc of California, Inc. (BANC) Q1 2025 Earnings Call Transcript |
Banc of California, Inc. (NYSE:BANC ) Q1 2025 Earnings Conference Call April 24, 2025 1:00 PM ET Company Participants Ann DeVries - Head, IR Jared Wolff - President & CEO Joe Kauder - CFO Conference Call Participants Ben Gerlinger - Citigroup Jared Shaw - Barclays Capital Gary Tenner - D.A. Davidson Matthew Clark - Piper Sandler David Feaster - Raymond James Anthony Elan - JPMorgan Chris McGratty - KBW Timur Braziler - Wells Fargo Andrew Terrell - Stephens * Operator Hello and welcome to Banc of California's First Quarter Earnings Conference Call. |
seekingalpha.com |
2025-04-25 03:43:41 |
Czytaj oryginał (ang.) |
| Banc of California (BANC) Q1 2025 Earnings |
Image source: The Motley Fool. |
fool.com |
2025-04-24 18:17:00 |
Czytaj oryginał (ang.) |
| Compared to Estimates, Banc of California (BANC) Q1 Earnings: A Look at Key Metrics |
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 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2025-04-24 00:05:41 |
Czytaj oryginał (ang.) |
| Banc of California (BANC) Beats Q1 Earnings Estimates |
Banc of California (BANC) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.19 per share a year ago. |
zacks.com |
2025-04-23 22:35:28 |
Czytaj oryginał (ang.) |
| Banc of California, Inc. Reports First Quarter Diluted Earnings per Share of $0.26 and Loan Growth of 6% Annualized in the First Quarter; Upsizes Stock Buyback Program to $300 Million |
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC): $0.26 Earnings Per Share $18.17 Book Value Per Share $16.12 Tangible Book Value Per Share(1) 10.43% CET1 Ratio 6% Annualized Loan Growth Banc of California, Inc. (NYSE: BANC) (“Banc of California” or the “Company”), the parent company of wholly-owned subsidiary Banc of California (the “Bank”), today reported financial results for the first quarter ended March 31, 2025. The Company reported net earnings available to. |
businesswire.com |
2025-04-23 20:15:00 |
Czytaj oryginał (ang.) |
| Banc of California (BANC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release |
Banc of California (BANC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2025-04-16 15:06:08 |
Czytaj oryginał (ang.) |
| Banc of California Celebrates 50 Years of Racing Excellence With 2025 Acura Grand Prix of Long Beach |
LOS ANGELES & LONG BEACH, Calif.--(BUSINESS WIRE)-- #AutoRacing--Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), is proud to announce its continued sponsorship of the 2025 Acura Grand Prix of Long Beach. The weekend-long event kicks off April 11 and runs through April 13. This is the 50th anniversary of the iconic race, which is a remarkable celebration of speed, precision and Southern California's motorsport culture. Banc of California has served as the official bank. |
businesswire.com |
2025-04-10 20:45:00 |
Czytaj oryginał (ang.) |
| Banc of California (BANC) Surges 8.0%: Is This an Indication of Further Gains? |
Banc of California (BANC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. |
zacks.com |
2025-04-10 14:31:03 |
Czytaj oryginał (ang.) |
| Why Banc of California (BANC) is Poised to Beat Earnings Estimates Again |
Banc of California (BANC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. |
zacks.com |
2025-04-09 17:15:42 |
Czytaj oryginał (ang.) |
| Los Angeles Parks Foundation Awarded Substantial $1 Million Donation from the FireAid Grants Advisory Committee |
Funds Allocated for the Restoration of the Playground at Palisades Park Affected by the Fires LOS ANGELES , April 9, 2025 /PRNewswire/ -- The LA Parks Foundation, which works to support the Los Angeles City Department of Recreation and Parks, is pleased to announce a $1 million donation from FireAid to restore the Pacific Palisades Playground, damaged in the Southern California wildfires in January. The LA Parks foundation, which will oversee the entire project, has also secured a $300,000 in-kind contribution from GameTime—the company stepping up to supply all the equipment for the project—along with an additional donation from Banc of California's Wildfire Relief & Recovery Fund, bringing support for the playground to more than $1.3 million. |
prnewswire.com |
2025-04-09 12:37:00 |
Czytaj oryginał (ang.) |
| Banc of California Announces Schedule of First Quarter 2025 Earnings Release and Conference Call |
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release 2025 first quarter financial results after market close on Wednesday, April 23, 2025. The Company will host a conference call to discuss its first quarter results the following day on Thursday, April 24, 2025 at 10:00 a.m. Pacific Time (PT). Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 8785621. A link to the live. |
businesswire.com |
2025-04-07 10:00:00 |
Czytaj oryginał (ang.) |
| Banc of California: Improving Funding Mix Makes 2025 Promising |
Banc of California stock remains a buy due to its TBV being below historical averages and potential for profitability expansion through reduced deposit costs. Despite dividend weaknesses, the bank shows potential for capital gains, with a fair value estimate suggesting a 24% upside. Improvements in the funding mix and high-quality assets are key growth drivers, though loan portfolio expansion remains a challenge. |
seekingalpha.com |
2025-03-20 05:28:10 |
Czytaj oryginał (ang.) |
| Banc of California Announces $150 Million Stock Repurchase Program |
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC), the parent company of wholly owned subsidiary Banc of California, today announced that its Board of Directors has authorized the repurchase of up to $150 million of the company's common stock. The repurchase authorization expires in March 2026. Purchases may be made in open-market transactions, in block transactions on or off an exchange, in privately negotiated transactions or by other means as determined by the company's man. |
businesswire.com |
2025-03-17 08:00:00 |
Czytaj oryginał (ang.) |
| Banc of California Welcomes Karen Hon as Chief Accounting Officer |
LOS ANGELES--(BUSINESS WIRE)-- #Accounting--Banc of California Welcomes Karen Hon as Chief Accounting Officer. |
businesswire.com |
2025-03-04 08:00:00 |
Czytaj oryginał (ang.) |
| Banc of California, Inc. to Participate in the Raymond James & Associates' 46th Annual Institutional Investors Conference |
LOS ANGELES--(BUSINESS WIRE)--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 Investors Conference in Orlando, Florida, on March 3, 2025. In addition to meeting with investors, Mr. Wolff will participate in a fireside chat on March 3, 2025, at 1:40 p.m. Eastern Time. The live audio webcast and replay of the fireside chat will be. |
businesswire.com |
2025-02-27 08:00:00 |
Czytaj oryginał (ang.) |
| CANADIAN BANC CORP. Monthly Dividend Declaration for Class A & Preferred Share |
TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.14975 for each Class A share and $0.05583 for each Preferred share. Distributions are payable March 10, 2025 to shareholders on record as at February 28, 2025. |
globenewswire.com |
2025-02-20 11:00:00 |
Czytaj oryginał (ang.) |
| Banc of California, Inc. Announces Quarterly Dividends |
LOS ANGELES--(BUSINESS WIRE)--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 1, 2025, to stockholders of record as of March 14, 2025. The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F. The dividend will be. |
businesswire.com |
2025-02-07 08:00:00 |
Czytaj oryginał (ang.) |
| Banc of California, Inc. (BANC) Q4 2024 Earnings Call Transcript |
Banc of California, Inc. (NYSE:BANC ) Q4 2024 Earnings Conference Call January 23, 2025 1:00 PM ET Company Participants Ann DeVries - Head, IR Jared Wolff - President & CEO Joe Kauder - CFO Conference Call Participants Timur Braziler - Wells Fargo Chris McGratty - KBW Matthew Clark - Piper Sandler Gary Tenner - D.A. Davidson Andrew Terrell - Stephens David Feaster - Raymond James Jared Shaw - Barclays Capital Operator Good day, and welcome to the Banc of California Fourth Quarter 2024 Earnings Conference Call. |
seekingalpha.com |
2025-01-23 18:06:18 |
Czytaj oryginał (ang.) |
| Here's What Key Metrics Tell Us About Banc of California (BANC) Q4 Earnings |
Although the revenue and EPS for Banc of California (BANC) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2025-01-23 12:36:39 |
Czytaj oryginał (ang.) |
| Banc of California (BANC) Tops Q4 Earnings Estimates |
Banc of California (BANC) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to loss of $0.46 per share a year ago. |
zacks.com |
2025-01-23 10:15:23 |
Czytaj oryginał (ang.) |
| 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 |
LOS ANGELES--(BUSINESS WIRE)--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 Ratio 29.1% Average Noninterest- Bearing Deposits to Average Total Deposits Banc of California, Inc. (NYSE: BANC) (“Banc of California” or the “Company”), the parent company of wholly-owned subsidiary Banc of California (the “Bank”), today reported financial results for the fourth quarter and year ended December 31, 2024. |
businesswire.com |
2025-01-23 08:00:00 |
Czytaj oryginał (ang.) |
| Seeking Clues to Banc of California (BANC) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics |
Besides Wall Street's top -and-bottom-line estimates for Banc of California (BANC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024. |
zacks.com |
2025-01-20 12:21:37 |
Czytaj oryginał (ang.) |
| CANADIAN BANC CORP. Monthly Dividend Declaration for Class A & Preferred Share |
TORONTO, Jan. 20, 2025 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.14538 for each Class A share and $0.05792 for each Preferred share. Distributions are payable February 10, 2025 to shareholders on record as at January 31, 2025. |
globenewswire.com |
2025-01-20 11:00:00 |
Czytaj oryginał (ang.) |
| Banc of California (BANC) Upgraded to Buy: What Does It Mean for the Stock? |
Banc of California (BANC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. |
zacks.com |
2025-01-16 15:00:25 |
Czytaj oryginał (ang.) |
| Banc of California (BANC) Reports Next Week: Wall Street Expects Earnings Growth |
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. |
zacks.com |
2025-01-16 13:06:25 |
Czytaj oryginał (ang.) |
| Banc of California Creates Charitable Fund and Commits $1 Million to Support Southern California Communities Affected by Wildfires |
LOS ANGELES--(BUSINESS WIRE)-- #LosAngeles--Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced it has launched the Banc of California Wildfire Relief & Recovery Fund, which will support ongoing relief and rebuilding efforts for Southern California communities devastated by the wildfires in the Los Angeles area. This charitable fund will be seeded with a $1 million donation from Banc of California and represents the bank's commitment to supporting its communi. |
businesswire.com |
2025-01-14 08:00:00 |
Czytaj oryginał (ang.) |
| Banc of California: The Rescue Plan Continues |
Banc of California's turnaround, presents a contrarian investment opportunity with a 32% return so far. The bank's repositioning of its balance sheet and reduced Federal Reserve loan dependence show promising progress. Trust in banking is crucial. |
seekingalpha.com |
2025-01-05 08:16:22 |
Czytaj oryginał (ang.) |
| Banc of California Announces Schedule of Fourth Quarter 2024 Earnings Release and Conference Call |
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, 2024 on Thursday, January 23, 2025. 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 4964279. A link to the live audio. |
businesswire.com |
2025-01-03 08:00:00 |
Czytaj oryginał (ang.) |
| Banc of California, Inc. Announces Quarterly Dividends |
LOS ANGELES--(BUSINESS WIRE)--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 January 2, 2025, to stockholders of record as of December 16, 2024. The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F. The dividend wil. |
businesswire.com |
2024-11-08 08:00:00 |
Czytaj oryginał (ang.) |
| Banc of California (BANC) is a Great Momentum Stock: Should You Buy? |
Does Banc of California (BANC) have what it takes to be a top stock pick for momentum investors? Let's find out. |
zacks.com |
2024-10-24 17:02:26 |
Czytaj oryginał (ang.) |
| Banc of California, Inc. (BANC) Q3 2024 Earnings Call Transcript |
Banc of California, Inc. (NYSE:BANC ) Q3 2024 Earnings Conference Call October 22, 2024 1:00 PM ET Company Participants Ann DeVries - Head, IR Jared Wolff - President and CEO Joe Kauder - CFO Conference Call Participants Matthew Clark - Piper Sandler David Feaster - Raymond James Jared Shaw - Barclays Andrew Terrell - Stephens Gary Tenner - D.A. Davidson Ben Gerlinger - Citi Timur Braziler - Wells Fargo Tim Coffey - Janney Chris McGratty - KBW Operator Good day and welcome to the Banc of California's Third Quarter Earnings Conference Call. |
seekingalpha.com |
2024-10-22 22:44:05 |
Czytaj oryginał (ang.) |
| Banc of California (BANC) Reports Q3 Earnings: What Key Metrics Have to Say |
Although the revenue and EPS for Banc of California (BANC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2024-10-22 14:35:48 |
Czytaj oryginał (ang.) |
| Banc of California (BANC) Q3 Earnings and Revenues Beat Estimates |
Banc of California (BANC) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.30 per share a year ago. |
zacks.com |
2024-10-22 12:21:07 |
Czytaj oryginał (ang.) |
| Banc of California, Inc. Reports Third Quarter 2024 Financial Results Which Include Balance Sheet Repositioning |
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC): $(0.01) Loss Per Share $0.25 Adjusted Earnings Per Share(1) $17.75 Book Value Per Share $15.63 Tangible Book Value Per Share(1) 10.45% CET1 Ratio 28% Average Noninterest-Bearing Deposits to Average Total Deposits Banc of California, Inc. (NYSE: BANC) (“Banc of California” or the “Company”), the parent company of wholly-owned subsidiary Banc of California (the “Bank”), today reported financial results for the third quarter ende. |
businesswire.com |
2024-10-22 10:00:00 |
Czytaj oryginał (ang.) |
| Analysts Estimate Banc of California (BANC) to Report a Decline in Earnings: What to Look Out for |
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. |
zacks.com |
2024-10-15 15:06:22 |
Czytaj oryginał (ang.) |
| Banc of California: Progress Will Continue In The Third Quarter |
Banc of California received a $400 million investment from Warburg Pincus (related entities) to inject liquidity and strengthen its business. Integration efforts include selling problematic loans. The stock has lagged industry recovery, that should change as the bank continues to recover. |
seekingalpha.com |
2024-10-14 17:00:00 |
Czytaj oryginał (ang.) |
| Banc of California Announces Schedule of Third Quarter 2024 Earnings Release and Conference Call |
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release 2024 third quarter financial results on Tuesday, October 22, 2024. The Company will host a conference call to discuss its third quarter 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 6084667. A link to the live audio webcast and the slide presentation for the. |
businesswire.com |
2024-10-02 20:10:00 |
Czytaj oryginał (ang.) |
| Banc of California Hires Ken McMullen as Executive Vice President and Treasurer |
LOS ANGELES--(BUSINESS WIRE)-- #TogetherWeWin--Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced today that Ken McMullen has joined the company as Executive Vice President and Treasurer. He is a member of the Senior Management Committee and reports directly to Joe Kauder, Banc of California's Chief Financial Officer. McMullen oversees all aspects of the bank's corporate treasury function, including oversight of its corporate investment portfolio. His treasury resp. |
businesswire.com |
2024-10-01 21:25:00 |
Czytaj oryginał (ang.) |
| Banc of California Expands Specialty Lending Team |
LOS ANGELES--(BUSINESS WIRE)-- #Lending--Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced today that Chris Hague has joined the company as Executive Vice President and Head of Specialty Finance. In this role, Hague oversees the bank's teams in Lender Finance, Asset-Based Lending (ABL), and Corporate Asset Finance and Commercial Aviation (CAF). Hague is also a member of the bank's Senior Management Committee. Hague is based in Chicago and reports to Hamid Hu. |
businesswire.com |
2024-09-03 20:15:00 |
Czytaj oryginał (ang.) |
| CANADIAN BANC CORP. Financial Results to May 31, 2024 |
TORONTO, July 25, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. ("the Company") announces that its semi-annual financial statements and management report of fund performance for the six months ended May 31, 2024 are now available on the Company's website at www.canadianbanc.com and will also be available on www.sedarplus.com. |
globenewswire.com |
2024-07-25 21:25:00 |
Czytaj oryginał (ang.) |
| Banc of California, Inc. (BANC) Q2 2024 Earnings Call Transcript |
Banc of California, Inc. (NYSE:BANC ) Q2 2024 Results Conference Call July 23, 2024 1:00 PM ET Company Participants Ann DeVries - Head of Investor Relations Jared Wolff - President and Chief Executive Officer Joe Kauder - Chief Financial Officer Conference Call Participants Matthew Clark - Piper Sandler Jared Shaw - Barclays David Feaster - Raymond James Chris McGratty - KBW Andrew Terrell - Stephens Brandon King - Truist Securities Gary Tenner - D.A. Davidson David Chiaverini - Wedbush Securities Tim Coffey - Janney Operator Good day, and welcome to the Banc of California Second Quarter of 2024 Earnings Conference Call. |
seekingalpha.com |
2024-07-23 21:16:04 |
Czytaj oryginał (ang.) |
| Banc of California (BANC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates |
The headline numbers for Banc of California (BANC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. |
zacks.com |
2024-07-23 14:36:27 |
Czytaj oryginał (ang.) |
| Banc of California (BANC) Misses Q2 Earnings and Revenue Estimates |
Banc of California (BANC) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.32 per share a year ago. |
zacks.com |
2024-07-23 12:25:26 |
Czytaj oryginał (ang.) |
| CANADIAN BANC CORP. Monthly Dividend Declaration for Class A & Preferred Share |
TORONTO, July 17, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.13588 for each Class A share and $0.06667 for each Preferred share. Distributions are payable August 9, 2024 to shareholders on record as at July 31, 2024. |
globenewswire.com |
2024-07-17 13:00:00 |
Czytaj oryginał (ang.) |
| Analysts Estimate Banc of California (BANC) to Report a Decline in Earnings: What to Look Out for |
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. |
zacks.com |
2024-07-16 15:06:37 |
Czytaj oryginał (ang.) |
| Banc of California: Opportunity Amidst The Noise |
Banc of California has been busy since closing the PacWest deal, including billions of dollars of balance sheet restructuring in Q1 that meaningfully reduces funding costs. I expect above-average growth in 2025 driven by balance sheet restructuring, NIM improvement, and cost synergies from the PacWest deal. Long-term core earnings growth should grow at 5-6%, driving a fair value above $15, and the shares also appear undervalued on ROTCE-driven P/TBV, with a potential fair value of $18.50-$20. |
seekingalpha.com |
2024-07-09 20:30:48 |
Czytaj oryginał (ang.) |
| Banc of California: 0.75x Book Value, Soaring NII, 3.1% Dividend (Rating Upgrade) |
Banc of California shares are undervalued, trading below book value, with potential for upside due to balance sheet restructuring and growth in the net interest margin. The lender's net interest margin increased to 2.66% in Q1'24, driven by a reduction in high cost wholesale funding. Despite risks to interest rates, Banc of California is a bargain and offers investors significant revaluation potential. |
seekingalpha.com |
2024-06-21 16:05:30 |
Czytaj oryginał (ang.) |