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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 • HSBC USA • Regions Financial ...

Former names

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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)

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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

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

Quarterly report

10 May 24

Banc of California, Inc. Reports First Quarter 2024 Financial Results with Improved Profitability and Strengthened Balance Sheet

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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Raymond J Rindone

T. Rowe Price Investment Management, Inc.

Jeffrey Krumpoch

RICHARD J LASHLEY

WARBURG PINCUS LLC

Raymond J Rindone

Olivia I Lindsay

Monica L Sparks

Financial summary

Financial statements Chart BANC financial data

Quarter (USD)	Sep 24	Mar 24	Dec 23	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 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Institutional ownership, Q2 2024

BANC institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	264	243	+8.6%
Opened positions	57	74	-23.0%
Closed positions	36	57	-36.8%
Increased positions	91	65	+40.0%
Reduced positions	68	67	+1.5%

13F shares	Current	Prev Q	Change
Total value	1.84 tn	1.65 tn	+11.5%
Total shares	157.56 mm	116.42 mm	+35.3%
Total puts	1.00 mm	759.00 k	+32.1%
Total calls	1.43 mm	1.30 mm	+9.7%
Total put/call ratio	0.7	0.6	+20.5%

Largest owners	Shares	Value	Change
BLK BlackRock	21.86 mm	$279.38 bn	+0.4%
Warburg Pincus	15.59 mm	$199.28 bn	NEW
STT State Street	9.91 mm	$127.63 bn	+1.4%
Vanguard	9.58 mm	$122.45 bn	-9.6%
T. Rowe Price Investment Management	8.90 mm	$113.70 mm	+1057.8%
Centerbridge Partners	6.10 mm	$77.93 bn	NEW
Capital Research Global Investors	4.79 mm	$61.27 bn	+123.6%
Dimensional Fund Advisors	4.53 mm	$57.87 bn	-8.4%
GS The Goldman Sachs Group, Inc.	3.63 mm	$46.45 bn	+313.1%
FJ Capital Management	3.39 mm	$43.36 bn	+53.8%

Largest transactions	Shares	Bought/sold	Change
Warburg Pincus	15.59 mm	+15.59 mm	NEW
T. Rowe Price Investment Management	8.90 mm	+8.13 mm	+1057.8%
Centerbridge Partners	6.10 mm	+6.10 mm	NEW
Azora Capital	0.00	-2.91 mm	EXIT
GS The Goldman Sachs Group, Inc.	3.63 mm	+2.75 mm	+313.1%
Capital Research Global Investors	4.79 mm	+2.65 mm	+123.6%
William Blair Investment Management	2.57 mm	+2.57 mm	NEW
Royce & Associates	1.59 mm	+1.55 mm	+4015.8%
Maltese Capital Management	1.25 mm	+1.25 mm	NEW
Charles Schwab Investment Management	1.19 mm	+1.19 mm	NEW

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
23 May 24	John K Sotoodeh	Performance Stock Units Common Stock	Grant	Acquire A	No	No	0	169,033	0.00	169,033
23 May 24	Joseph Kauder	Performance Stock Units Common Stock	Grant	Acquire A	No	No	0	169,033	0.00	169,033

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

News

From Benzinga Pro

Barclays Maintains Overweight on Banc of California, Raises Price Target to $20

Barclays analyst Jared Shaw maintains Banc of California (NYSE:BANC) with a Overweight and raises the price target from $18 to $20.

A Glimpse Into The Expert Outlook On Banc of California Through 14 Analysts

Keefe, Bruyette & Woods Maintains Outperform on Banc of California, Raises Price Target to $20

Keefe, Bruyette & Woods analyst Christopher Mcgratty maintains Banc of California (NYSE:BANC) with a Outperform and raises the price target from $17.5 to $20.

Barclays Upgrades Banc of California to Overweight, Raises Price Target to $18

Stephens & Co. Maintains Equal-Weight on Banc of California, Raises Price Target to $16

Press releases

From Benzinga Pro

Banc of California Renews Commitment to Alliance for Southern California Innovation

The Alliance's SoCal Venture Pipeline improves access to sources of institutional capital for Seed and Series A funding for local founders The Alliance for Southern California Innovation (the Alliance) and Banc of

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

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

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%

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

Banc of California Hires Ken McMullen as Executive Vice President and Treasurer

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