Annual Income Statements for Banc of California
This table shows Banc of California's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Banc of California
This table shows Banc of California's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
24 |
310 |
-1,205 |
-207 |
-33 |
-493 |
21 |
20 |
-1.16 |
47 |
| Consolidated Net Income / (Loss) |
|
24 |
324 |
-1,195 |
-197 |
-23 |
-483 |
31 |
30 |
8.78 |
57 |
| Net Income / (Loss) Continuing Operations |
|
24 |
324 |
-1,195 |
-197 |
-23 |
-483 |
31 |
30 |
8.78 |
57 |
| Total Pre-Tax Income |
|
34 |
429 |
-1,260 |
-264 |
-27 |
-660 |
42 |
45 |
12 |
70 |
| Total Revenue |
|
85 |
1,113 |
316 |
58 |
175 |
-249 |
263 |
259 |
217 |
264 |
| Net Interest Income / (Expense) |
|
79 |
1,057 |
279 |
186 |
131 |
151 |
229 |
229 |
232 |
235 |
| Total Interest Income |
|
96 |
1,288 |
518 |
540 |
446 |
467 |
479 |
463 |
447 |
425 |
| Loans and Leases Interest Income |
|
84 |
1,074 |
431 |
409 |
310 |
346 |
385 |
389 |
370 |
357 |
| Investment Securities Interest Income |
|
10 |
184 |
44 |
44 |
45 |
41 |
34 |
34 |
35 |
38 |
| Deposits and Money Market Investments Interest Income |
|
- |
- |
43 |
87 |
90 |
80 |
59 |
40 |
42 |
29 |
| Total Interest Expense |
|
17 |
231 |
239 |
354 |
315 |
316 |
250 |
233 |
215 |
189 |
| Deposits Interest Expense |
|
8.99 |
187 |
156 |
179 |
206 |
208 |
195 |
186 |
181 |
154 |
| Long-Term Debt Interest Expense |
|
7.58 |
44 |
83 |
175 |
109 |
108 |
55 |
47 |
34 |
35 |
| Total Non-Interest Income |
|
5.68 |
56 |
36 |
-128 |
44 |
-400 |
34 |
30 |
-15 |
29 |
| Service Charges on Deposit Accounts |
|
0.64 |
13 |
3.57 |
4.32 |
4.02 |
4.56 |
4.71 |
4.54 |
4.57 |
4.77 |
| Other Service Charges |
|
4.13 |
46 |
15 |
14 |
23 |
17 |
14 |
12 |
19 |
14 |
| Net Realized & Unrealized Capital Gains on Investments |
|
0.04 |
-2.66 |
18 |
-134 |
16 |
-425 |
14 |
14 |
-39 |
10 |
| Other Non-Interest Income |
|
0.87 |
0.01 |
-0.33 |
-12 |
0.22 |
3.00 |
0.51 |
-0.36 |
0.14 |
0.34 |
| Provision for Credit Losses |
|
0.00 |
56 |
3.00 |
2.00 |
0.00 |
47 |
10 |
11 |
9.00 |
13 |
| Total Non-Interest Expense |
|
51 |
627 |
1,573 |
320 |
201 |
364 |
211 |
204 |
196 |
181 |
| Salaries and Employee Benefits |
|
28 |
322 |
88 |
83 |
72 |
89 |
92 |
86 |
86 |
78 |
| Net Occupancy & Equipment Expense |
|
12 |
73 |
28 |
28 |
28 |
29 |
33 |
33 |
32 |
30 |
| Property & Liability Insurance Claims |
|
- |
- |
12 |
26 |
38 |
60 |
20 |
26 |
13 |
11 |
| Other Operating Expenses |
|
8.83 |
126 |
48 |
160 |
42 |
62 |
49 |
55 |
51 |
48 |
| Depreciation Expense |
|
- |
- |
9.38 |
9.09 |
8.33 |
7.45 |
7.52 |
7.51 |
7.14 |
7.10 |
| Amortization Expense |
|
0.40 |
12 |
2.41 |
2.39 |
2.39 |
4.23 |
8.40 |
8.48 |
8.49 |
7.77 |
| Restructuring Charge |
|
2.08 |
- |
8.51 |
12 |
9.93 |
112 |
0.00 |
-13 |
-0.51 |
-1.02 |
| Income Tax Expense |
|
9.93 |
105 |
-65 |
-67 |
-3.22 |
-177 |
12 |
14 |
2.73 |
13 |
| Preferred Stock Dividends Declared |
|
0.00 |
14 |
9.95 |
9.95 |
9.95 |
9.95 |
9.95 |
9.95 |
9.95 |
9.95 |
| Basic Earnings per Share |
|
$0.80 |
$2.08 |
($15.56) |
($2.67) |
($0.42) |
($4.06) |
$0.12 |
$0.12 |
($0.01) |
$0.29 |
| Weighted Average Basic Shares Outstanding |
|
60.16M |
59.03M |
58.07M |
57.43M |
57.44M |
156.79M |
157.75M |
158.30M |
158.33M |
158.35M |
| Diluted Earnings per Share |
|
$0.80 |
$2.09 |
($15.56) |
($2.67) |
($0.42) |
($4.06) |
$0.12 |
$0.12 |
($0.01) |
$0.29 |
| Weighted Average Diluted Shares Outstanding |
|
60.16M |
59.03M |
58.07M |
57.43M |
57.44M |
156.79M |
157.75M |
158.30M |
158.33M |
158.35M |
| Basic & Diluted Earnings per Share |
|
- |
- |
($1,205,371,000.00) |
($207,361,000.00) |
($33,291,000.00) |
($492,902,000.00) |
$20,905,000.00 |
$20,386,000.00 |
($1,163,000.00) |
$46,972,000.00 |
| Weighted Average Basic & Diluted Shares Outstanding |
|
60.16M |
59.03M |
58.07M |
57.43M |
57.44M |
156.79M |
157.75M |
158.30M |
158.33M |
158.35M |
Annual Cash Flow Statements for Banc of California
This table details how cash moves in and out of Banc of California's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
| Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Net Change in Cash & Equivalents |
|
-75 |
283 |
-52 |
3.89 |
-18 |
-153 |
897 |
-1,817 |
3,137 |
-2,875 |
| Net Cash From Operating Activities |
|
-43 |
18 |
563 |
123 |
80 |
75 |
503 |
702 |
136 |
77 |
| Net Cash From Continuing Operating Activities |
|
-43 |
18 |
563 |
123 |
80 |
75 |
503 |
702 |
136 |
203 |
| Net Income / (Loss) Continuing Operations |
|
62 |
115 |
58 |
45 |
24 |
13 |
607 |
424 |
-1,899 |
127 |
| Consolidated Net Income / (Loss) |
|
62 |
115 |
58 |
45 |
24 |
13 |
607 |
424 |
-1,899 |
127 |
| Provision For Loan Losses |
|
9.99 |
2.24 |
13 |
29 |
35 |
29 |
-162 |
25 |
54 |
1.89 |
| Depreciation Expense |
|
9.15 |
12 |
12 |
11 |
16 |
16 |
52 |
54 |
53 |
55 |
| Amortization Expense |
|
-23 |
-30 |
-3.07 |
3.82 |
3.78 |
0.18 |
57 |
97 |
76 |
91 |
| Non-Cash Adjustments to Reconcile Net Income |
|
-93 |
-66 |
548 |
21 |
20 |
26 |
57 |
109 |
2,022 |
179 |
| Changes in Operating Assets and Liabilities, net |
|
-8.69 |
-15 |
-66 |
13 |
-19 |
-8.83 |
-108 |
-5.44 |
-170 |
-250 |
| Net Cash From Investing Activities |
|
-2,257 |
-2,318 |
152 |
-470 |
2,795 |
-267 |
-5,714 |
-3,570 |
12,609 |
1,891 |
| Net Cash From Continuing Investing Activities |
|
-2,257 |
-2,318 |
152 |
-470 |
2,795 |
-267 |
-5,714 |
-3,570 |
12,609 |
1,891 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-130 |
-45 |
-15 |
-9.00 |
-10 |
-5.09 |
-17 |
-20 |
-15 |
-13 |
| Purchase of Investment Securities |
|
-3,843 |
-7,743 |
-2,182 |
-2,015 |
-285 |
-368 |
-10,790 |
-6,357 |
147 |
-1,522 |
| Sale of Property, Leasehold Improvements and Equipment |
|
51 |
0.03 |
2.66 |
4.19 |
- |
- |
0.10 |
0.01 |
9.02 |
0.19 |
| Sale and/or Maturity of Investments |
|
1,700 |
5,293 |
2,328 |
1,557 |
3,090 |
106 |
1,366 |
2,908 |
12,108 |
3,418 |
| Other Investing Activities, net |
|
-35 |
-71 |
-38 |
-0.46 |
0.65 |
-0.53 |
-31 |
-101 |
26 |
7.87 |
| Net Cash From Financing Activities |
|
2,224 |
2,584 |
-767 |
351 |
-2,894 |
39 |
6,108 |
1,051 |
-9,608 |
-4,844 |
| Net Cash From Continuing Financing Activities |
|
2,224 |
2,584 |
-767 |
351 |
-2,894 |
39 |
6,108 |
1,090 |
-9,608 |
-4,844 |
| Net Change in Deposits |
|
1,678 |
2,839 |
-1,849 |
624 |
-2,489 |
659 |
5,897 |
-1,061 |
-10,082 |
-3,210 |
| Issuance of Debt |
|
934 |
68 |
1,305 |
380 |
0.00 |
194 |
339 |
1,763 |
186 |
-1,524 |
| Issuance of Preferred Equity |
|
111 |
120 |
- |
- |
- |
- |
0.00 |
499 |
0.00 |
0.00 |
| Issuance of Common Equity |
|
0.00 |
175 |
- |
- |
- |
- |
0.00 |
0.00 |
383 |
0.31 |
| Repayment of Debt |
|
-470 |
-530 |
-103 |
-555 |
-325 |
-760 |
- |
- |
- |
0.00 |
| Payment of Dividends |
|
-27 |
-42 |
-47 |
-55 |
-32 |
-26 |
-119 |
-101 |
-89 |
-108 |
| Other Financing Activities, Net |
|
-1.75 |
-4.80 |
-73 |
-2.37 |
-1.02 |
-10 |
-8.51 |
-9.53 |
-5.42 |
-2.71 |
| Cash Interest Paid |
|
45 |
59 |
82 |
131 |
152 |
66 |
53 |
238 |
1,064 |
1,015 |
| Cash Income Taxes Paid |
|
33 |
42 |
11 |
13 |
3.13 |
0.76 |
136 |
97 |
-68 |
-14 |
Quarterly Cash Flow Statements for Banc of California
This table details how cash moves in and out of Banc of California's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
| Net Change in Cash & Equivalents |
|
13 |
-1,845 |
4,440 |
18 |
-628 |
-692 |
-2,292 |
-386 |
-145 |
-52 |
| Net Cash From Operating Activities |
|
35 |
591 |
-37 |
61 |
30 |
82 |
-88 |
39 |
47 |
80 |
| Net Cash From Continuing Operating Activities |
|
35 |
591 |
-4.98 |
29 |
30 |
82 |
-40 |
-9.07 |
47 |
205 |
| Net Income / (Loss) Continuing Operations |
|
24 |
324 |
-1,195 |
-197 |
-23 |
-483 |
31 |
30 |
8.78 |
57 |
| Consolidated Net Income / (Loss) |
|
24 |
324 |
-1,195 |
-197 |
-23 |
-483 |
31 |
30 |
8.78 |
57 |
| Provision For Loan Losses |
|
- |
56 |
3.53 |
2.16 |
0.02 |
48 |
10 |
12 |
9.21 |
-29 |
| Depreciation Expense |
|
3.96 |
42 |
14 |
14 |
13 |
12 |
14 |
14 |
14 |
13 |
| Amortization Expense |
|
1.08 |
93 |
12 |
27 |
18 |
19 |
23 |
24 |
-3.39 |
47 |
| Non-Cash Adjustments to Reconcile Net Income |
|
-0.11 |
107 |
1,383 |
173 |
6.33 |
459 |
4.97 |
5.25 |
89 |
80 |
| Changes in Operating Assets and Liabilities, net |
|
6.23 |
-30 |
-222 |
11 |
16 |
26 |
-123 |
-94 |
-70 |
37 |
| Net Cash From Investing Activities |
|
146 |
-3,581 |
149 |
5,780 |
716 |
5,963 |
107 |
392 |
1,658 |
-266 |
| Net Cash From Continuing Investing Activities |
|
146 |
-3,581 |
149 |
5,780 |
716 |
5,963 |
107 |
392 |
1,658 |
-266 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-1.18 |
-18 |
-9.24 |
-0.01 |
-2.86 |
-3.11 |
-1.94 |
-4.70 |
-2.27 |
-4.13 |
| Purchase of Investment Securities |
|
-199 |
-5,470 |
-272 |
568 |
-54 |
-96 |
-211 |
97 |
-1,035 |
-372 |
| Sale of Property, Leasehold Improvements and Equipment |
|
- |
- |
0.01 |
- |
9.01 |
- |
0.00 |
- |
0.13 |
0.05 |
| Sale and/or Maturity of Investments |
|
346 |
2,012 |
145 |
5,491 |
744 |
5,727 |
324 |
303 |
226 |
2,565 |
| Other Investing Activities, net |
|
- |
-103 |
285 |
-279 |
19 |
0.56 |
-3.12 |
-3.55 |
2,470 |
-2,455 |
| Net Cash From Financing Activities |
|
-168 |
1,144 |
4,327 |
-5,823 |
-1,375 |
-6,737 |
-2,311 |
-817 |
-1,849 |
134 |
| Net Cash From Continuing Financing Activities |
|
-168 |
1,183 |
4,327 |
-5,823 |
-1,375 |
-6,737 |
-2,311 |
-817 |
-1,849 |
134 |
| Net Change in Deposits |
|
-278 |
-902 |
-5,749 |
-290 |
-1,298 |
-2,745 |
-1,509 |
-88 |
-1,976 |
364 |
| Issuance of Debt |
|
215 |
1,513 |
10,371 |
-4,249 |
-64 |
-5,873 |
300 |
300 |
500 |
-2,624 |
| Issuance of Common Equity |
|
- |
- |
0.00 |
- |
- |
383 |
0.07 |
0.08 |
0.10 |
0.07 |
| Repayment of Debt |
|
- |
- |
-252 |
-1,272 |
-1.66 |
- |
-1,074 |
-1,001 |
-347 |
2,422 |
| Payment of Dividends |
|
-3.56 |
-88 |
-39 |
-11 |
-11 |
-27 |
-27 |
-27 |
-26 |
-28 |
| Other Financing Activities, Net |
|
-88 |
7.21 |
-4.05 |
-1.02 |
-0.19 |
-0.15 |
-1.24 |
-1.15 |
-0.16 |
-0.16 |
| Cash Interest Paid |
|
12 |
209 |
209 |
258 |
248 |
349 |
361 |
247 |
212 |
195 |
| Cash Income Taxes Paid |
|
5.10 |
82 |
0.79 |
0.36 |
-0.05 |
-69 |
-7.19 |
0.02 |
0.02 |
-7.29 |
Annual Balance Sheets for Banc of California
This table presents Banc of California's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Total Assets |
|
8,236 |
11,030 |
10,328 |
10,630 |
7,828 |
7,877 |
9,394 |
41,229 |
38,534 |
33,543 |
| Cash and Due from Banks |
|
15 |
17 |
20 |
22 |
29 |
38 |
42 |
212 |
202 |
192 |
| Interest Bearing Deposits at Other Banks |
|
141 |
423 |
368 |
370 |
345 |
182 |
186 |
2,028 |
5,175 |
2,310 |
| Trading Account Securities |
|
2,465 |
3,564 |
2,691 |
2,030 |
942 |
1,259 |
1,316 |
7,113 |
4,634 |
4,553 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
6,610 |
7,639 |
0.00 |
5,817 |
7,159 |
28,408 |
25,208 |
23,542 |
| Loans and Leases |
|
- |
- |
6,659 |
7,701 |
- |
5,898 |
7,251 |
28,609 |
25,490 |
23,782 |
| Allowance for Loan and Lease Losses |
|
- |
- |
49 |
62 |
- |
81 |
93 |
201 |
282 |
239 |
| Loans Held for Sale |
|
- |
- |
- |
- |
23 |
1.41 |
- |
65 |
123 |
26 |
| Premises and Equipment, Net |
|
112 |
141 |
136 |
129 |
128 |
122 |
113 |
459 |
491 |
450 |
| Goodwill |
|
39 |
37 |
37 |
37 |
37 |
37 |
94 |
1,377 |
199 |
215 |
| Intangible Assets |
|
19 |
14 |
9.35 |
6.35 |
4.15 |
2.63 |
6.41 |
31 |
165 |
133 |
| Other Assets |
|
5,443 |
6,834 |
457 |
397 |
6,321 |
417 |
477 |
1,536 |
2,336 |
2,122 |
| Total Liabilities & Shareholders' Equity |
|
8,236 |
11,030 |
10,328 |
10,630 |
7,828 |
7,877 |
9,394 |
41,229 |
38,534 |
33,543 |
| Total Liabilities |
|
7,583 |
10,050 |
9,316 |
9,685 |
6,921 |
6,980 |
8,328 |
37,278 |
35,143 |
30,043 |
| Non-Interest Bearing Deposits |
|
1,121 |
1,283 |
1,072 |
1,023 |
1,089 |
1,559 |
2,788 |
11,212 |
7,774 |
7,720 |
| Interest Bearing Deposits |
|
5,182 |
7,860 |
6,221 |
6,893 |
4,339 |
4,527 |
4,651 |
22,724 |
22,628 |
19,472 |
| Long-Term Debt |
|
1,202 |
673 |
1,874 |
1,693 |
1,375 |
802 |
750 |
2,763 |
3,848 |
2,334 |
| Other Long-Term Liabilities |
|
78 |
166 |
148 |
72 |
119 |
93 |
114 |
711 |
894 |
517 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
|
652 |
980 |
1,012 |
946 |
907 |
897 |
1,065 |
3,951 |
3,391 |
3,500 |
| Total Preferred & Common Equity |
|
652 |
980 |
1,012 |
946 |
907 |
897 |
1,065 |
3,951 |
3,391 |
3,500 |
| Preferred Stock |
|
191 |
269 |
269 |
231 |
190 |
185 |
95 |
499 |
499 |
499 |
| Total Common Equity |
|
461 |
711 |
743 |
714 |
717 |
712 |
970 |
3,452 |
2,892 |
3,001 |
| Common Stock |
|
430 |
614 |
621 |
626 |
630 |
635 |
856 |
2,822 |
3,843 |
3,787 |
| Retained Earnings |
|
64 |
135 |
145 |
141 |
128 |
110 |
148 |
1,421 |
-518 |
-431 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-3.00 |
-9.04 |
5.23 |
-24 |
-12 |
7.75 |
7.74 |
-791 |
-432 |
-355 |
Quarterly Balance Sheets for Banc of California
This table presents Banc of California's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
| Total Assets |
|
9,369 |
10,039 |
9,370 |
9,247 |
36,074 |
35,244 |
33,433 |
| Cash and Due from Banks |
|
69 |
37 |
43 |
46 |
200 |
203 |
252 |
| Interest Bearing Deposits at Other Banks |
|
187 |
974 |
241 |
265 |
2,885 |
2,495 |
2,302 |
| Trading Account Securities |
|
1,199 |
1,287 |
1,250 |
1,314 |
4,579 |
4,541 |
4,602 |
| Loans and Leases, Net of Allowance |
|
7,197 |
6,970 |
7,075 |
6,887 |
25,420 |
-274 |
-280 |
| Loans and Leases |
|
7,289 |
7,054 |
7,156 |
6,961 |
25,712 |
-26 |
-26 |
| Allowance for Loan and Lease Losses |
|
92 |
85 |
81 |
74 |
292 |
248 |
254 |
| Loans Held for Sale |
|
- |
- |
- |
- |
81 |
1,935 |
29 |
| Premises and Equipment, Net |
|
108 |
108 |
108 |
109 |
485 |
482 |
458 |
| Goodwill |
|
114 |
114 |
114 |
114 |
199 |
216 |
217 |
| Intangible Assets |
|
8.08 |
7.07 |
6.60 |
6.14 |
157 |
149 |
141 |
| Other Assets |
|
487 |
7,512 |
532 |
506 |
2,307 |
25,222 |
25,433 |
| Total Liabilities & Shareholders' Equity |
|
9,369 |
10,039 |
9,370 |
9,247 |
36,074 |
35,244 |
33,433 |
| Total Liabilities |
|
8,417 |
9,080 |
8,413 |
8,245 |
32,679 |
31,836 |
29,936 |
| Non-Interest Bearing Deposits |
|
2,944 |
2,507 |
2,447 |
2,367 |
7,834 |
7,825 |
7,812 |
| Interest Bearing Deposits |
|
4,337 |
4,445 |
4,424 |
4,274 |
21,059 |
20,979 |
19,016 |
| Long-Term Debt |
|
1,005 |
2,008 |
1,422 |
1,283 |
3,077 |
2,380 |
2,534 |
| Other Long-Term Liabilities |
|
121 |
120 |
120 |
136 |
710 |
651 |
574 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
|
952 |
959 |
957 |
1,002 |
3,394 |
3,408 |
3,496 |
| Total Preferred & Common Equity |
|
952 |
959 |
957 |
1,002 |
3,394 |
3,408 |
3,496 |
| Preferred Stock |
|
0.00 |
- |
- |
- |
499 |
499 |
499 |
| Total Common Equity |
|
952 |
959 |
957 |
1,002 |
2,894 |
2,908 |
2,996 |
| Common Stock |
|
865 |
867 |
869 |
870 |
3,828 |
3,813 |
3,802 |
| Retained Earnings |
|
231 |
264 |
275 |
312 |
-497 |
-477 |
-478 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-48 |
-50 |
-50 |
-43 |
-436 |
-429 |
-328 |
Annual Metrics And Ratios for Banc of California
This table displays calculated financial ratios and metrics derived from Banc of California's official financial filings.
| Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
-4.65% |
42.53% |
-14.70% |
-11.14% |
-16.04% |
-6.46% |
433.04% |
5.23% |
-78.12% |
235.69% |
| EBITDA Growth |
|
1,269.63% |
47.84% |
-55.86% |
70.15% |
-21.89% |
-36.00% |
2,920.49% |
-22.95% |
-390.17% |
115.07% |
| EBIT Growth |
|
161.34% |
45.29% |
-73.24% |
74.73% |
-40.46% |
-48.67% |
5,626.56% |
-30.98% |
-489.62% |
107.63% |
| NOPAT Growth |
|
36.13% |
110.95% |
-38.35% |
-21.18% |
-43.63% |
-47.08% |
4,727.10% |
-30.21% |
-465.41% |
108.20% |
| Net Income Growth |
|
105.50% |
85.94% |
-50.00% |
-21.20% |
-47.75% |
-47.08% |
4,727.10% |
-30.21% |
-548.32% |
106.68% |
| EPS Growth |
|
48.89% |
44.78% |
-63.40% |
26.76% |
-88.89% |
-140.00% |
19,500.00% |
-33.76% |
-541.83% |
102.29% |
| Operating Cash Flow Growth |
|
93.15% |
142.13% |
3,008.33% |
-78.15% |
-34.75% |
-6.72% |
571.84% |
39.57% |
-80.66% |
-43.01% |
| Free Cash Flow Firm Growth |
|
-5.37% |
138.14% |
-607.08% |
126.09% |
31.24% |
56.49% |
-17.72% |
-1,013.02% |
53.67% |
173.90% |
| Invested Capital Growth |
|
49.73% |
-7.15% |
67.68% |
-8.59% |
-13.52% |
-25.55% |
6.88% |
269.75% |
7.82% |
-19.41% |
| Revenue Q/Q Growth |
|
-30.40% |
60.12% |
-9.49% |
29.32% |
0.00% |
0.00% |
393.49% |
0.66% |
-82.01% |
104.91% |
| EBITDA Q/Q Growth |
|
-16.43% |
57.29% |
-22.79% |
-4.41% |
246.05% |
25.81% |
686.65% |
-28.06% |
-133.93% |
166.47% |
| EBIT Q/Q Growth |
|
-11.49% |
35.06% |
-35.06% |
-7.85% |
0.00% |
0.00% |
700.64% |
-35.98% |
-97.08% |
130.04% |
| NOPAT Q/Q Growth |
|
-22.66% |
43.84% |
-20.34% |
77.18% |
0.00% |
0.00% |
675.19% |
-34.81% |
-97.08% |
132.29% |
| Net Income Q/Q Growth |
|
16.80% |
14.06% |
-27.57% |
28.79% |
0.00% |
0.00% |
675.19% |
-34.81% |
-73.92% |
130.72% |
| EPS Q/Q Growth |
|
8.94% |
0.00% |
0.00% |
114.29% |
0.00% |
0.00% |
255.96% |
-42.83% |
-37.14% |
113.58% |
| Operating Cash Flow Q/Q Growth |
|
6.70% |
107.93% |
-16.46% |
-17.25% |
-7.41% |
27.48% |
349.21% |
30.54% |
-78.97% |
-2.24% |
| Free Cash Flow Firm Q/Q Growth |
|
31.40% |
226.30% |
-70.21% |
841.77% |
901.00% |
-46.41% |
173.97% |
-2,279.51% |
-86.25% |
137.01% |
| Invested Capital Q/Q Growth |
|
6.22% |
-13.02% |
6.93% |
-4.48% |
-16.24% |
5.33% |
20.07% |
243.10% |
216.89% |
-3.26% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
19.36% |
20.08% |
10.39% |
19.90% |
18.51% |
12.67% |
71.77% |
52.56% |
-696.88% |
31.29% |
| EBIT Margin |
|
24.11% |
24.57% |
7.71% |
15.16% |
10.75% |
5.90% |
63.37% |
41.56% |
-739.97% |
16.81% |
| Profit (Net Income) Margin |
|
21.63% |
28.22% |
16.54% |
14.67% |
9.13% |
5.16% |
46.77% |
31.02% |
-635.50% |
12.65% |
| Tax Burden Percent |
|
89.74% |
114.85% |
214.59% |
96.77% |
84.92% |
87.56% |
73.81% |
74.64% |
85.88% |
75.24% |
| Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| Effective Tax Rate |
|
40.55% |
13.68% |
-98.84% |
10.31% |
15.08% |
12.44% |
26.19% |
25.36% |
0.00% |
24.76% |
| Return on Invested Capital (ROIC) |
|
2.66% |
4.85% |
2.32% |
1.53% |
0.97% |
0.63% |
34.54% |
9.93% |
-22.19% |
1.94% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
4.82% |
7.80% |
2.64% |
1.71% |
0.97% |
0.63% |
34.54% |
9.93% |
-32.81% |
1.94% |
| Return on Net Nonoperating Assets (RNNOA) |
|
8.08% |
9.29% |
3.47% |
3.12% |
1.60% |
0.76% |
27.32% |
6.96% |
-29.55% |
1.74% |
| Return on Equity (ROE) |
|
10.74% |
14.14% |
5.79% |
4.65% |
2.56% |
1.39% |
61.86% |
16.89% |
-51.74% |
3.68% |
| Cash Return on Invested Capital (CROIC) |
|
-37.17% |
12.26% |
-48.24% |
10.50% |
15.47% |
29.92% |
27.89% |
-104.92% |
-29.71% |
23.44% |
| Operating Return on Assets (OROA) |
|
0.97% |
1.04% |
0.25% |
0.45% |
0.30% |
0.18% |
9.52% |
2.24% |
-5.54% |
0.47% |
| Return on Assets (ROA) |
|
0.87% |
1.20% |
0.54% |
0.43% |
0.26% |
0.16% |
7.03% |
1.67% |
-4.76% |
0.35% |
| Return on Common Equity (ROCE) |
|
8.22% |
10.15% |
4.23% |
3.46% |
1.98% |
1.10% |
53.04% |
14.89% |
-44.71% |
3.15% |
| Return on Equity Simple (ROE_SIMPLE) |
|
9.51% |
11.77% |
5.70% |
4.81% |
2.62% |
1.40% |
56.98% |
10.72% |
-56.01% |
3.63% |
| Net Operating Profit after Tax (NOPAT) |
|
41 |
87 |
53 |
42 |
24 |
13 |
607 |
424 |
-1,548 |
127 |
| NOPAT Margin |
|
14.33% |
21.21% |
15.33% |
13.60% |
9.13% |
5.16% |
46.77% |
31.02% |
-517.98% |
12.65% |
| Net Nonoperating Expense Percent (NNEP) |
|
-2.16% |
-2.95% |
-0.32% |
-0.19% |
0.00% |
0.00% |
0.00% |
0.00% |
10.62% |
0.00% |
| SG&A Expenses to Revenue |
|
53.91% |
55.67% |
51.81% |
52.08% |
58.42% |
54.37% |
35.23% |
37.61% |
149.18% |
46.83% |
| Operating Expenses to Revenue |
|
73.29% |
74.14% |
88.36% |
74.80% |
75.49% |
81.90% |
49.12% |
56.64% |
822.57% |
78.92% |
| Earnings before Interest and Taxes (EBIT) |
|
69 |
100 |
27 |
47 |
28 |
14 |
822 |
568 |
-2,211 |
169 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
56 |
82 |
36 |
62 |
48 |
31 |
931 |
718 |
-2,083 |
314 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
0.99 |
1.03 |
1.22 |
0.84 |
1.11 |
0.97 |
1.19 |
0.26 |
0.26 |
0.82 |
| Price to Tangible Book Value (P/TBV) |
|
1.13 |
1.11 |
1.30 |
0.90 |
1.18 |
1.02 |
1.33 |
0.44 |
0.30 |
0.92 |
| Price to Revenue (P/Rev) |
|
1.58 |
1.78 |
2.59 |
1.94 |
3.06 |
2.82 |
0.89 |
0.66 |
2.51 |
2.44 |
| Price to Earnings (P/E) |
|
8.70 |
7.64 |
25.05 |
26.33 |
303.60 |
0.00 |
1.91 |
2.24 |
0.00 |
28.10 |
| Dividend Yield |
|
3.99% |
3.34% |
2.90% |
4.38% |
1.98% |
1.75% |
1.30% |
1.60% |
3.06% |
2.59% |
| Earnings Yield |
|
11.49% |
13.09% |
3.99% |
3.80% |
0.33% |
0.00% |
52.39% |
44.72% |
0.00% |
3.56% |
| Enterprise Value to Invested Capital (EV/IC) |
|
0.91 |
0.75 |
0.92 |
0.81 |
0.87 |
0.86 |
0.98 |
0.29 |
0.00 |
0.48 |
| Enterprise Value to Revenue (EV/Rev) |
|
5.89 |
3.18 |
7.63 |
6.89 |
7.64 |
5.97 |
1.37 |
1.41 |
0.00 |
2.77 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
30.41 |
15.82 |
73.39 |
34.60 |
41.25 |
47.13 |
1.91 |
2.68 |
0.00 |
8.85 |
| Enterprise Value to EBIT (EV/EBIT) |
|
24.43 |
12.93 |
98.94 |
45.42 |
71.04 |
101.21 |
2.16 |
3.39 |
0.00 |
16.47 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
41.09 |
14.98 |
49.76 |
50.64 |
83.66 |
115.59 |
2.93 |
4.55 |
0.00 |
21.89 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
71.74 |
4.73 |
17.35 |
24.77 |
19.41 |
3.53 |
2.74 |
0.00 |
35.90 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
5.93 |
0.00 |
7.36 |
5.22 |
2.44 |
3.62 |
0.00 |
0.00 |
1.81 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
1.84 |
0.76 |
1.85 |
1.79 |
1.52 |
0.89 |
0.70 |
0.70 |
1.13 |
0.67 |
| Long-Term Debt to Equity |
|
1.84 |
0.69 |
1.85 |
1.79 |
1.52 |
0.89 |
0.70 |
0.70 |
1.13 |
0.67 |
| Financial Leverage |
|
1.68 |
1.19 |
1.31 |
1.82 |
1.66 |
1.21 |
0.79 |
0.70 |
0.90 |
0.90 |
| Leverage Ratio |
|
12.29 |
11.80 |
10.72 |
10.70 |
9.96 |
8.70 |
8.80 |
10.09 |
10.87 |
10.46 |
| Compound Leverage Factor |
|
12.29 |
11.80 |
10.72 |
10.70 |
9.96 |
8.70 |
8.80 |
10.09 |
10.87 |
10.46 |
| Debt to Total Capital |
|
64.81% |
43.06% |
64.93% |
64.17% |
60.24% |
47.19% |
41.33% |
41.16% |
53.16% |
40.00% |
| Short-Term Debt to Total Capital |
|
0.00% |
3.95% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Long-Term Debt to Total Capital |
|
64.81% |
39.11% |
64.93% |
64.17% |
60.24% |
47.19% |
41.33% |
41.16% |
53.16% |
40.00% |
| Preferred Equity to Total Capital |
|
10.29% |
15.63% |
9.32% |
8.76% |
8.32% |
10.88% |
5.23% |
7.43% |
6.89% |
8.55% |
| Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Common Equity to Total Capital |
|
24.88% |
41.28% |
25.73% |
27.07% |
31.44% |
41.93% |
53.44% |
51.42% |
39.96% |
51.45% |
| Debt to EBITDA |
|
21.63 |
9.03 |
51.70 |
27.45 |
28.53 |
25.99 |
0.81 |
3.85 |
-1.85 |
7.44 |
| Net Debt to EBITDA |
|
18.79 |
3.66 |
41.00 |
21.10 |
20.78 |
18.83 |
0.56 |
0.73 |
0.73 |
-0.54 |
| Long-Term Debt to EBITDA |
|
21.63 |
8.20 |
51.70 |
27.45 |
28.53 |
25.99 |
0.81 |
3.85 |
-1.85 |
7.44 |
| Debt to NOPAT |
|
29.22 |
8.55 |
35.05 |
40.17 |
57.86 |
63.75 |
1.24 |
6.52 |
-2.49 |
18.39 |
| Net Debt to NOPAT |
|
25.39 |
3.47 |
27.80 |
30.88 |
42.14 |
46.19 |
0.86 |
1.23 |
0.99 |
-1.33 |
| Long-Term Debt to NOPAT |
|
29.22 |
7.76 |
35.05 |
40.17 |
57.86 |
63.75 |
1.24 |
6.52 |
-2.49 |
18.39 |
| Noncontrolling Interest Sharing Ratio |
|
23.45% |
28.22% |
27.06% |
25.58% |
22.72% |
20.77% |
14.26% |
11.83% |
13.58% |
14.47% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
-575 |
219 |
-1,112 |
290 |
381 |
596 |
490 |
-4,474 |
-2,073 |
1,532 |
| Operating Cash Flow to CapEx |
|
-54.18% |
40.56% |
4,447.16% |
2,558.30% |
765.94% |
1,470.19% |
2,929.78% |
3,489.45% |
2,189.45% |
601.80% |
| Free Cash Flow to Firm to Interest Expense |
|
-13.48 |
3.68 |
-13.08 |
2.12 |
2.66 |
9.02 |
8.93 |
-16.84 |
-1.69 |
1.73 |
| Operating Cash Flow to Interest Expense |
|
-1.01 |
0.30 |
6.62 |
0.90 |
0.56 |
1.13 |
9.16 |
2.64 |
0.11 |
0.09 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
-2.87 |
-0.45 |
6.47 |
0.86 |
0.49 |
1.06 |
8.85 |
2.57 |
0.11 |
0.07 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.04 |
0.04 |
0.03 |
0.03 |
0.03 |
0.03 |
0.15 |
0.05 |
0.01 |
0.03 |
| Fixed Asset Turnover |
|
3.02 |
3.24 |
2.52 |
2.34 |
2.02 |
1.95 |
11.07 |
4.78 |
0.63 |
2.13 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
1,854 |
1,722 |
2,887 |
2,639 |
2,282 |
1,699 |
1,816 |
6,714 |
7,239 |
5,834 |
| Invested Capital Turnover |
|
0.19 |
0.23 |
0.15 |
0.11 |
0.11 |
0.12 |
0.74 |
0.32 |
0.04 |
0.15 |
| Increase / (Decrease) in Invested Capital |
|
616 |
-132 |
1,165 |
-248 |
-357 |
-583 |
117 |
4,898 |
525 |
-1,405 |
| Enterprise Value (EV) |
|
1,689 |
1,300 |
2,661 |
2,134 |
1,988 |
1,453 |
1,776 |
1,925 |
-281 |
2,778 |
| Market Capitalization |
|
455 |
730 |
905 |
602 |
797 |
688 |
1,158 |
904 |
751 |
2,448 |
| Book Value per Share |
|
$12.20 |
$14.29 |
$14.70 |
$14.10 |
$14.10 |
$14.18 |
$15.49 |
$57.38 |
$50.35 |
$18.96 |
| Tangible Book Value per Share |
|
$10.65 |
$13.27 |
$13.78 |
$13.25 |
$13.29 |
$13.39 |
$13.88 |
$33.97 |
$44.01 |
$16.76 |
| Total Capital |
|
1,854 |
1,722 |
2,887 |
2,639 |
2,282 |
1,699 |
1,816 |
6,714 |
7,239 |
5,834 |
| Total Debt |
|
1,202 |
741 |
1,874 |
1,693 |
1,375 |
802 |
750 |
2,763 |
3,848 |
2,334 |
| Total Long-Term Debt |
|
1,202 |
673 |
1,874 |
1,693 |
1,375 |
802 |
750 |
2,763 |
3,848 |
2,334 |
| Net Debt |
|
1,044 |
301 |
1,487 |
1,302 |
1,001 |
581 |
522 |
523 |
-1,530 |
-168 |
| Capital Expenditures (CapEx) |
|
79 |
45 |
13 |
4.81 |
10 |
5.09 |
17 |
20 |
6.20 |
13 |
| Net Nonoperating Expense (NNE) |
|
-21 |
-29 |
-4.24 |
-3.33 |
0.00 |
0.00 |
0.00 |
0.00 |
351 |
0.00 |
| Net Nonoperating Obligations (NNO) |
|
1,202 |
741 |
1,874 |
1,693 |
1,375 |
802 |
750 |
2,763 |
3,848 |
2,334 |
| Total Depreciation and Amortization (D&A) |
|
-14 |
-18 |
9.36 |
15 |
20 |
16 |
109 |
150 |
129 |
145 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$1.36 |
$1.97 |
$0.72 |
$0.45 |
$0.05 |
($0.04) |
$1.90 |
$3.80 |
($22.71) |
$0.52 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
38.38M |
49.78M |
50.59M |
50.66M |
50.90M |
50.61M |
62.67M |
59.03M |
156.79M |
158.35M |
| Adjusted Diluted Earnings per Share |
|
$1.34 |
$1.94 |
$0.71 |
$0.45 |
$0.05 |
($0.04) |
$1.90 |
$3.79 |
($22.71) |
$0.52 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
38.38M |
49.78M |
50.59M |
50.66M |
50.90M |
50.61M |
62.67M |
59.03M |
156.79M |
158.35M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$87,100,000.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
38.38M |
49.78M |
50.59M |
50.66M |
50.90M |
50.61M |
62.67M |
59.03M |
156.79M |
158.35M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
41 |
87 |
44 |
51 |
29 |
15 |
614 |
450 |
-484 |
116 |
| Normalized NOPAT Margin |
|
14.38% |
21.35% |
12.71% |
16.34% |
11.07% |
6.07% |
47.31% |
32.92% |
-162.08% |
11.58% |
| Pre Tax Income Margin |
|
24.11% |
24.57% |
7.71% |
15.16% |
10.75% |
5.90% |
63.37% |
41.56% |
-739.97% |
16.81% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
1.62 |
1.69 |
0.32 |
0.34 |
0.20 |
0.22 |
14.98 |
2.14 |
-1.81 |
0.19 |
| NOPAT to Interest Expense |
|
0.96 |
1.46 |
0.63 |
0.31 |
0.17 |
0.19 |
11.05 |
1.59 |
-1.26 |
0.14 |
| EBIT Less CapEx to Interest Expense |
|
-0.24 |
0.94 |
0.17 |
0.31 |
0.12 |
0.14 |
14.66 |
2.06 |
-1.81 |
0.18 |
| NOPAT Less CapEx to Interest Expense |
|
-0.90 |
0.71 |
0.48 |
0.27 |
0.09 |
0.11 |
10.74 |
1.52 |
-1.27 |
0.13 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
43.66% |
36.58% |
81.39% |
122.03% |
133.79% |
207.51% |
19.68% |
23.82% |
-4.67% |
85.18% |
| Augmented Payout Ratio |
|
43.66% |
36.58% |
81.39% |
122.03% |
133.79% |
303.27% |
19.68% |
23.82% |
-4.67% |
85.18% |
Quarterly Metrics And Ratios for Banc of California
This table displays calculated financial ratios and metrics derived from Banc of California's official financial filings.
| Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
24.23% |
0.82% |
283.31% |
-32.16% |
105.12% |
-122.41% |
-16.71% |
347.08% |
24.17% |
205.98% |
| EBITDA Growth |
|
14.62% |
-33.18% |
-1,794.27% |
-633.70% |
-88.38% |
-211.51% |
106.40% |
137.02% |
375.31% |
120.72% |
| EBIT Growth |
|
7.21% |
-42.63% |
-1,972.80% |
-817.17% |
-177.84% |
-253.75% |
103.36% |
116.88% |
143.34% |
110.62% |
| NOPAT Growth |
|
4.43% |
-41.09% |
-1,918.60% |
-792.98% |
-176.86% |
-242.51% |
103.50% |
116.39% |
147.24% |
112.32% |
| Net Income Growth |
|
4.43% |
-41.09% |
-2,564.18% |
-839.05% |
-196.48% |
-248.97% |
102.58% |
115.37% |
137.63% |
111.79% |
| EPS Growth |
|
-4.76% |
-64.81% |
-1,227.54% |
-406.90% |
-152.50% |
-294.26% |
100.77% |
104.49% |
97.62% |
107.14% |
| Operating Cash Flow Growth |
|
204.56% |
38.43% |
-802.83% |
-12.51% |
-14.98% |
-86.21% |
-138.88% |
-36.04% |
55.91% |
-2.17% |
| Free Cash Flow Firm Growth |
|
-439.64% |
-1,155.17% |
-3,100.12% |
-532.72% |
17.65% |
78.42% |
-70.70% |
-309.19% |
-979.70% |
248.12% |
| Invested Capital Growth |
|
29.39% |
269.75% |
63.56% |
36.84% |
16.74% |
7.82% |
118.14% |
143.28% |
163.98% |
-19.41% |
| Revenue Q/Q Growth |
|
-0.46% |
1,207.65% |
-71.63% |
-81.63% |
200.96% |
-242.86% |
234.96% |
-1.38% |
-16.41% |
21.94% |
| EBITDA Q/Q Growth |
|
-6.70% |
1,339.25% |
-318.99% |
81.85% |
102.03% |
-13,906.66% |
112.00% |
4.95% |
-73.90% |
501.98% |
| EBIT Q/Q Growth |
|
-7.45% |
1,157.86% |
-393.60% |
79.02% |
89.95% |
-2,384.34% |
105.69% |
5.28% |
-74.21% |
508.85% |
| NOPAT Q/Q Growth |
|
-9.42% |
1,239.86% |
-372.13% |
79.02% |
89.95% |
-2,384.34% |
105.91% |
-1.68% |
-71.04% |
547.99% |
| Net Income Q/Q Growth |
|
-9.42% |
1,239.86% |
-468.74% |
83.49% |
88.18% |
-1,968.86% |
105.62% |
-1.68% |
-71.04% |
547.99% |
| EPS Q/Q Growth |
|
-8.05% |
161.25% |
-844.50% |
82.84% |
84.27% |
-866.67% |
102.01% |
0.00% |
-108.33% |
3,000.00% |
| Operating Cash Flow Q/Q Growth |
|
-49.40% |
1,572.74% |
-106.26% |
265.23% |
-50.83% |
171.34% |
-311.77% |
144.24% |
19.87% |
70.25% |
| Free Cash Flow Firm Q/Q Growth |
|
-222.09% |
-988.22% |
55.51% |
59.43% |
58.08% |
-185.16% |
-231.87% |
2.75% |
-10.61% |
139.12% |
| Invested Capital Q/Q Growth |
|
12.55% |
243.10% |
-55.81% |
-19.80% |
-3.99% |
216.89% |
-10.60% |
-10.56% |
4.18% |
-3.26% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
46.03% |
50.66% |
-391.07% |
-386.31% |
2.61% |
0.00% |
30.06% |
31.98% |
9.99% |
49.30% |
| EBIT Margin |
|
40.11% |
38.58% |
-399.27% |
-455.98% |
-15.22% |
0.00% |
16.13% |
17.22% |
5.31% |
26.53% |
| Profit (Net Income) Margin |
|
28.44% |
29.14% |
-378.70% |
-340.40% |
-13.37% |
0.00% |
11.73% |
11.70% |
4.05% |
21.54% |
| Tax Burden Percent |
|
70.90% |
75.52% |
94.85% |
74.65% |
87.87% |
73.18% |
72.76% |
67.95% |
76.29% |
81.19% |
| Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
| Effective Tax Rate |
|
29.10% |
24.48% |
0.00% |
0.00% |
0.00% |
0.00% |
27.24% |
32.05% |
23.71% |
18.81% |
| Return on Invested Capital (ROIC) |
|
22.24% |
9.33% |
-186.96% |
-243.61% |
-8.35% |
0.00% |
0.61% |
1.28% |
0.48% |
3.31% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
22.24% |
9.33% |
-209.00% |
-244.73% |
-8.76% |
0.00% |
0.61% |
1.28% |
0.48% |
3.31% |
| Return on Net Nonoperating Assets (RNNOA) |
|
20.70% |
6.54% |
-306.55% |
-283.94% |
-10.26% |
0.00% |
0.71% |
1.12% |
0.41% |
2.97% |
| Return on Equity (ROE) |
|
42.94% |
15.87% |
-493.51% |
-527.55% |
-18.60% |
0.00% |
1.33% |
2.40% |
0.88% |
6.27% |
| Cash Return on Invested Capital (CROIC) |
|
11.84% |
-104.92% |
-70.49% |
-67.20% |
-52.49% |
-29.71% |
-87.75% |
-93.75% |
-99.56% |
23.44% |
| Operating Return on Assets (OROA) |
|
6.17% |
2.08% |
-65.07% |
-75.94% |
-2.72% |
0.00% |
0.17% |
0.35% |
0.12% |
0.74% |
| Return on Assets (ROA) |
|
4.37% |
1.57% |
-61.72% |
-56.69% |
-2.39% |
0.00% |
0.13% |
0.23% |
0.09% |
0.60% |
| Return on Common Equity (ROCE) |
|
40.67% |
13.99% |
-493.51% |
-527.55% |
-18.60% |
0.00% |
1.17% |
2.12% |
0.78% |
5.36% |
| Return on Equity Simple (ROE_SIMPLE) |
|
68.26% |
0.00% |
-85.55% |
-109.13% |
-109.01% |
0.00% |
-19.82% |
-13.06% |
-11.81% |
0.00% |
| Net Operating Profit after Tax (NOPAT) |
|
24 |
324 |
-882 |
-185 |
-19 |
-462 |
31 |
30 |
8.78 |
57 |
| NOPAT Margin |
|
28.44% |
29.14% |
-279.49% |
-319.19% |
-10.65% |
0.00% |
11.73% |
11.70% |
4.05% |
21.54% |
| Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
22.04% |
1.11% |
0.42% |
0.63% |
0.00% |
0.00% |
0.00% |
0.00% |
| SG&A Expenses to Revenue |
|
46.60% |
35.51% |
36.91% |
191.66% |
57.17% |
0.00% |
47.78% |
45.83% |
54.20% |
40.82% |
| Operating Expenses to Revenue |
|
59.89% |
56.38% |
498.32% |
552.53% |
115.22% |
0.00% |
80.07% |
78.54% |
90.53% |
68.63% |
| Earnings before Interest and Taxes (EBIT) |
|
34 |
429 |
-1,260 |
-264 |
-27 |
-660 |
42 |
45 |
12 |
70 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
39 |
564 |
-1,234 |
-224 |
4.55 |
-629 |
79 |
83 |
22 |
130 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
0.96 |
0.26 |
0.74 |
0.68 |
0.69 |
0.26 |
0.82 |
0.69 |
0.78 |
0.82 |
| Price to Tangible Book Value (P/TBV) |
|
1.10 |
0.44 |
0.85 |
0.78 |
0.78 |
0.30 |
0.93 |
0.79 |
0.88 |
0.92 |
| Price to Revenue (P/Rev) |
|
0.67 |
0.66 |
0.45 |
0.42 |
0.42 |
2.51 |
9.62 |
4.51 |
4.76 |
2.44 |
| Price to Earnings (P/E) |
|
1.39 |
2.24 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
28.10 |
| Dividend Yield |
|
1.58% |
1.60% |
2.32% |
2.85% |
2.99% |
3.06% |
2.65% |
3.13% |
2.72% |
2.59% |
| Earnings Yield |
|
71.79% |
44.72% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
3.56% |
| Enterprise Value to Invested Capital (EV/IC) |
|
0.85 |
0.29 |
0.58 |
0.75 |
0.73 |
0.00 |
0.44 |
0.38 |
0.47 |
0.48 |
| Enterprise Value to Revenue (EV/Rev) |
|
1.22 |
1.41 |
1.07 |
1.14 |
1.00 |
0.00 |
11.61 |
4.91 |
5.74 |
2.77 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
1.66 |
2.68 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
8.85 |
| Enterprise Value to EBIT (EV/EBIT) |
|
1.87 |
3.39 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
16.47 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
2.56 |
4.55 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
21.89 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
3.09 |
2.74 |
2.59 |
2.75 |
2.57 |
0.00 |
33.86 |
35.23 |
35.50 |
35.90 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
8.09 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1.81 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
1.06 |
0.70 |
2.09 |
1.49 |
1.28 |
1.13 |
0.91 |
0.70 |
0.72 |
0.67 |
| Long-Term Debt to Equity |
|
1.06 |
0.70 |
2.09 |
1.49 |
1.28 |
1.13 |
0.91 |
0.70 |
0.72 |
0.67 |
| Financial Leverage |
|
0.93 |
0.70 |
1.47 |
1.16 |
1.17 |
0.90 |
1.17 |
0.87 |
0.85 |
0.90 |
| Leverage Ratio |
|
9.82 |
10.09 |
10.13 |
9.90 |
9.53 |
10.87 |
10.59 |
10.22 |
9.49 |
10.46 |
| Compound Leverage Factor |
|
9.82 |
10.09 |
10.13 |
9.90 |
9.53 |
10.87 |
10.59 |
10.22 |
9.49 |
10.46 |
| Debt to Total Capital |
|
51.35% |
41.16% |
67.68% |
59.77% |
56.15% |
53.16% |
47.55% |
41.12% |
42.02% |
40.00% |
| Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Long-Term Debt to Total Capital |
|
51.35% |
41.16% |
67.68% |
59.77% |
56.15% |
53.16% |
47.55% |
41.12% |
42.02% |
40.00% |
| Preferred Equity to Total Capital |
|
0.00% |
7.43% |
0.00% |
0.00% |
0.00% |
6.89% |
7.70% |
8.61% |
8.27% |
8.55% |
| Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Common Equity to Total Capital |
|
48.65% |
51.42% |
32.32% |
40.23% |
43.85% |
39.96% |
44.72% |
50.24% |
49.68% |
51.45% |
| Debt to EBITDA |
|
1.01 |
3.85 |
-3.41 |
-1.66 |
-1.44 |
-1.85 |
-3.86 |
-4.86 |
-5.37 |
7.44 |
| Net Debt to EBITDA |
|
0.75 |
0.73 |
-1.69 |
-1.33 |
-1.09 |
0.73 |
0.01 |
0.65 |
0.04 |
-0.54 |
| Long-Term Debt to EBITDA |
|
1.01 |
3.85 |
-3.41 |
-1.66 |
-1.44 |
-1.85 |
-3.86 |
-4.86 |
-5.37 |
7.44 |
| Debt to NOPAT |
|
1.55 |
6.52 |
-3.77 |
-1.91 |
-1.63 |
-2.49 |
-4.84 |
-5.67 |
-6.45 |
18.39 |
| Net Debt to NOPAT |
|
1.15 |
1.23 |
-1.87 |
-1.53 |
-1.24 |
0.99 |
0.01 |
0.76 |
0.05 |
-1.33 |
| Long-Term Debt to NOPAT |
|
1.55 |
6.52 |
-3.77 |
-1.91 |
-1.63 |
-2.49 |
-4.84 |
-5.67 |
-6.45 |
18.39 |
| Noncontrolling Interest Sharing Ratio |
|
5.28% |
11.83% |
0.00% |
0.00% |
0.00% |
0.00% |
11.49% |
11.46% |
11.12% |
14.47% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
-420 |
-4,574 |
-2,035 |
-826 |
-346 |
-987 |
-3,474 |
-3,379 |
-3,737 |
1,462 |
| Operating Cash Flow to CapEx |
|
3,009.28% |
3,365.95% |
-401.21% |
679,344.44% |
0.00% |
2,620.27% |
-4,556.49% |
832.51% |
2,190.23% |
1,955.78% |
| Free Cash Flow to Firm to Interest Expense |
|
-25.37 |
-19.78 |
-8.53 |
-2.33 |
-1.10 |
-3.12 |
-13.92 |
-14.49 |
-17.40 |
7.73 |
| Operating Cash Flow to Interest Expense |
|
2.13 |
2.56 |
-0.16 |
0.17 |
0.10 |
0.26 |
-0.35 |
0.17 |
0.22 |
0.42 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
2.06 |
2.48 |
-0.19 |
0.17 |
0.11 |
0.25 |
-0.36 |
0.15 |
0.21 |
0.40 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.15 |
0.05 |
0.16 |
0.17 |
0.18 |
0.01 |
0.01 |
0.02 |
0.02 |
0.03 |
| Fixed Asset Turnover |
|
12.24 |
4.78 |
14.69 |
14.50 |
15.32 |
0.63 |
0.83 |
1.52 |
1.73 |
2.13 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
1,957 |
6,714 |
2,967 |
2,379 |
2,284 |
7,239 |
6,471 |
5,788 |
6,030 |
5,834 |
| Invested Capital Turnover |
|
0.78 |
0.32 |
0.67 |
0.76 |
0.78 |
0.04 |
0.05 |
0.11 |
0.12 |
0.15 |
| Increase / (Decrease) in Invested Capital |
|
444 |
4,898 |
1,153 |
641 |
328 |
525 |
3,505 |
3,409 |
3,746 |
-1,405 |
| Enterprise Value (EV) |
|
1,661 |
1,925 |
1,709 |
1,791 |
1,662 |
-281 |
2,857 |
2,196 |
2,810 |
2,778 |
| Market Capitalization |
|
912 |
904 |
712 |
653 |
691 |
751 |
2,367 |
2,016 |
2,332 |
2,448 |
| Book Value per Share |
|
$15.87 |
$57.38 |
$16.25 |
$16.48 |
$17.44 |
$50.35 |
$18.46 |
$18.43 |
$18.93 |
$18.96 |
| Tangible Book Value per Share |
|
$13.83 |
$33.97 |
$14.19 |
$14.40 |
$15.34 |
$44.01 |
$16.19 |
$16.12 |
$16.67 |
$16.76 |
| Total Capital |
|
1,957 |
6,714 |
2,967 |
2,379 |
2,284 |
7,239 |
6,471 |
5,788 |
6,030 |
5,834 |
| Total Debt |
|
1,005 |
2,763 |
2,008 |
1,422 |
1,283 |
3,848 |
3,077 |
2,380 |
2,534 |
2,334 |
| Total Long-Term Debt |
|
1,005 |
2,763 |
2,008 |
1,422 |
1,283 |
3,848 |
3,077 |
2,380 |
2,534 |
2,334 |
| Net Debt |
|
749 |
523 |
997 |
1,138 |
972 |
-1,530 |
-8.01 |
-319 |
-20 |
-168 |
| Capital Expenditures (CapEx) |
|
1.18 |
18 |
9.22 |
0.01 |
-6.14 |
3.11 |
1.94 |
4.70 |
2.14 |
4.08 |
| Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
313 |
12 |
4.75 |
21 |
0.00 |
0.00 |
0.00 |
0.00 |
| Net Nonoperating Obligations (NNO) |
|
1,005 |
2,763 |
2,008 |
1,422 |
1,283 |
3,848 |
3,077 |
2,380 |
2,534 |
2,334 |
| Total Depreciation and Amortization (D&A) |
|
5.04 |
134 |
26 |
40 |
31 |
31 |
37 |
38 |
10 |
60 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$0.00 |
$2.08 |
$0.00 |
$0.62 |
$0.00 |
($4.06) |
$0.12 |
$0.12 |
($0.01) |
$0.29 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
0.00 |
59.03M |
0.00 |
57.43M |
0.00 |
156.79M |
157.75M |
158.30M |
158.33M |
158.35M |
| Adjusted Diluted Earnings per Share |
|
$0.00 |
$2.09 |
$0.00 |
$0.62 |
$0.00 |
($4.06) |
$0.12 |
$0.12 |
($0.01) |
$0.29 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
0.00 |
59.03M |
0.00 |
57.43M |
0.00 |
156.79M |
157.75M |
158.30M |
158.33M |
158.35M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
($492,902,000.00) |
$20,905,000.00 |
$20,386,000.00 |
($1,163,000.00) |
$46,972,000.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
59.03M |
0.00 |
57.43M |
0.00 |
156.79M |
157.75M |
158.30M |
158.33M |
158.35M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
26 |
324 |
87 |
-176 |
-12 |
-384 |
31 |
22 |
8.39 |
56 |
| Normalized NOPAT Margin |
|
30.17% |
29.14% |
27.70% |
-304.23% |
-6.67% |
0.00% |
11.73% |
8.38% |
3.87% |
21.22% |
| Pre Tax Income Margin |
|
40.11% |
38.58% |
-399.27% |
-455.98% |
-15.22% |
0.00% |
16.13% |
17.22% |
5.31% |
26.53% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
2.06 |
1.86 |
-5.28 |
-0.75 |
-0.08 |
-2.09 |
0.17 |
0.19 |
0.05 |
0.37 |
| NOPAT to Interest Expense |
|
1.46 |
1.40 |
-3.70 |
-0.52 |
-0.06 |
-1.46 |
0.12 |
0.13 |
0.04 |
0.30 |
| EBIT Less CapEx to Interest Expense |
|
1.99 |
1.78 |
-5.32 |
-0.75 |
-0.06 |
-2.10 |
0.16 |
0.17 |
0.04 |
0.35 |
| NOPAT Less CapEx to Interest Expense |
|
1.39 |
1.33 |
-3.74 |
-0.52 |
-0.04 |
-1.47 |
0.12 |
0.11 |
0.03 |
0.28 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
17.93% |
23.82% |
-21.15% |
-17.32% |
-17.22% |
-4.67% |
-11.28% |
-20.69% |
-26.07% |
85.18% |
| Augmented Payout Ratio |
|
17.93% |
23.82% |
-21.15% |
-17.32% |
-17.22% |
-4.67% |
-11.28% |
-20.69% |
-26.07% |
85.18% |
Key Financial Trends
Over the past two years, Banc of California (NYSE:BANC) has shown a mixed but improving financial performance, with important trends and fluctuations in income, cash flow, and balance sheet metrics.
Positive financial highlights and trends:
- Q4 2024 net income attributable to common shareholders was $46.97 million, a significant rebound from losses in previous quarters such as Q4 2023 which posted a net loss of $492.9 million.
- Net interest income has steadily increased to $235.3 million in Q4 2024 from $151 million in Q4 2023, reflecting improved core earnings from loans and investments.
- Provision for credit losses sharply declined from a very high $47 million in Q4 2023 to $12.8 million in Q4 2024, indicating stabilization in the credit portfolio.
- Total revenue rose robustly to $264.3 million in Q4 2024 from negative $249.4 million in Q4 2023, driven by recovery in both interest income and non-interest income streams.
- Cash flow from continuing operating activities improved to $205 million in Q4 2024, showing strong operational cash generation after significant losses in 2023.
- The company reduced long-term debt interest expense to $35.1 million in Q4 2024 from $108.4 million in Q4 2023, suggesting successful debt refinancing or reductions.
- Allowance for loan and lease losses has been adjusted downwards in recent quarters, from $291.5 million in Q1 2024 to $254.3 million in Q3 2024, accompanying reduction in loan portfolio risk.
- Despite challenges, Banc of California has maintained dividend payments of $0.10 per share quarterly, demonstrating commitment to shareholder returns.
- Total equity increased to approximately $3.5 billion by Q3 2024, up from just over $950 million in Q3 2023, indicating strengthening of the capital base.
Neutral financial factors to watch:
- Total assets fluctuated significantly, with $33.4 billion reported in Q3 2024, down from $36 billion in Q1 2024, influenced by changes in loans, deposits, and investment securities.
- Non-interest income remains volatile, with large swings in net realized & unrealized capital gains or losses, e.g., -$425 million in Q4 2023 versus +$10.3 million in Q4 2024.
- There is notable amortization expense related to intangible assets and debt, around $7 million to $47 million across quarters, reflecting ongoing investment costs and debt-related charges.
- The weighted average basic and diluted shares outstanding have been stable around 158 million in recent quarters, suggesting limited dilution.
Negative factors and risks:
- Significant losses were still recorded in 2023, with Q4 2023 net loss of approximately $483 million and ongoing heavy restructuring charges (e.g., $111.8 million in Q4 2023), impacting profitability and net income.
- High restructuring and other operating expenses (total non-interest expenses reached $363.6 million in Q4 2023) weighed heavily on earnings, although these charges have decreased in 2024 quarters.
- Loan and lease balances have fluctuated, with a notable allowance for loan losses indicating credit risk concerns; adverse economic conditions could increase credit impairments.
- Cash interest paid remains elevated, exceeding $190 million quarterly, which pressures net interest margin and profitability.
- The company reported substantial net negative non-interest income in parts of 2023, e.g., -$400 million in Q4 2023 due to large unrealized investment losses, reflecting some market sensitivity.
Summary: Banc of California has been recovering from steep losses in 2023, with the latest quarters in 2024 showing solid earnings improvements, better credit loss provisions, and positive cash flow trends. However, investors should be cautious of lingering restructuring costs, credit risks, and interest expense levels that could affect future profitability. The strengthening capital base and restored profitability are encouraging signs for the bank’s ongoing turnaround.
10/25/25 04:11 PM ETAI Generated. May Contain Errors.