Banc of California (BANC) Financials

$14.15 -0.37 (-2.55%)

Closing price 08/1/2025 03:59 PM Eastern

Extended Trading

$14.29 +0.14 (+0.99%)

As of 04:00 AM Eastern

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.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	52	96	36	23	2.62	-1.10	607	404	-1,939	87
Consolidated Net Income / (Loss)	62	115	58	45	24	13	607	424	-1,899	127
Net Income / (Loss) Continuing Operations	41	87	53	42	24	13	607	424	-1,899	127
Total Pre-Tax Income	69	100	27	47	28	14	822	568	-2,211	169
Total Revenue	287	409	349	310	260	243	1,298	1,366	299	1,003
Net Interest Income / (Expense)	211	310	304	286	248	225	1,104	1,291	747	926
Total Interest Income	254	370	389	423	391	291	1,159	1,556	1,971	1,813
Loans and Leases Interest Income	229	282	281	329	334	257	996	1,313	1,496	1,502
Investment Securities Interest Income	20	80	100	84	48	29	153	210	175	141
Deposits and Money Market Investments Interest Income	-	-	-	-	-	-	8.80	34	300	170
Total Interest Expense	43	59	85	137	143	66	55	266	1,224	887
Deposits Interest Expense	26	40	60	91	101	38	28	200	748	716
Long-Term Debt Interest Expense	17	18	24	44	42	28	27	65	475	171
Total Non-Interest Income	76	99	45	24	12	19	194	75	-448	77
Service Charges on Deposit Accounts	-	0.63	1.03	3.72	0.68	0.51	13	14	16	19
Other Service Charges	12	24	15	16	6.86	14	59	61	69	59
Net Realized & Unrealized Capital Gains on Investments	50	72	27	5.20	3.02	2.01	122	-2.61	-525	-0.66
Other Non-Interest Income	1.08	2.34	2.34	-1.08	1.56	2.49	-	2.49	-9.18	0.62
Provision for Credit Losses	7.47	5.27	14	31	36	30	-162	25	52	43
Total Non-Interest Expense	210	303	308	232	196	199	637	774	2,458	792
Salaries and Employee Benefits	115	146	129	110	106	97	368	407	332	341
Net Occupancy & Equipment Expense	36	75	46	39	38	36	89	107	113	128
Property & Liability Insurance Claims	-	-	-	-	-	-	17	25	136	71
Other Operating Expenses	50	70	87	58	36	63	105	150	312	203
Depreciation Expense	-	-	-	-	-	-	36	36	34	29
Amortization Expense	5.84	4.85	3.93	3.01	2.20	1.52	13	14	11	33
Impairment Charge	0.26	0.69	0.34	-	-	-	0.00	29	1,377	0.00
Restructuring Charge	0.00	0.00	5.33	4.43	4.26	0.00	9.42	5.70	143	-14
Income Tax Expense	28	14	-27	4.84	4.22	1.79	215	144	-312	42
Preferred Stock Dividends Declared	9.82	20	20	22	21	13	0.00	19	40	40
Basic Earnings per Share	$1.36	$1.97	$0.72	$0.90	$0.10	($0.04)	$7.76	$5.14	($22.71)	$0.52
Weighted Average Basic Shares Outstanding	38.40M	48.50M	51.70M	52.60M	50.90M	50.61M	62.67M	59.03M	156.79M	158.35M
Diluted Earnings per Share	$1.34	$1.94	$0.71	$0.90	$0.10	($0.04)	$7.76	$5.14	($22.71)	$0.52
Weighted Average Diluted Shares Outstanding	38.40M	48.50M	51.70M	52.60M	50.90M	50.61M	62.67M	59.03M	156.79M	158.35M
Basic & Diluted Earnings per Share	-	-	-	-	-	-	-	$404,274,000.00	($1,938,925,000.00)	$87,100,000.00
Weighted Average Basic & Diluted Shares Outstanding	38.40M	48.50M	51.70M	52.60M	50.90M	50.61M	62.67M	59.03M	156.79M	158.35M
Cash Dividends to Common per Share	$0.48	$0.49	$0.52	$0.52	$0.31	$0.24	$0.24	-	-	$1.52

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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

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
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
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

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
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
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%

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
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
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

Banc of California (NYSE:BANC) has demonstrated a notable turnaround and steady improvements in its financial performance in 2024 compared to 2023.

Positive developments include:

In Q4 2024, Banc of California reported a net income attributable to common shareholders of approximately $46.97 million, a significant recovery from the large losses experienced in late 2023, particularly the net loss of nearly $493 million in Q4 2023.
Continuing operations produced net income of $56.9 million in Q4 2024 versus a loss in Q4 2023, indicating improved core banking operations.
Net interest income remains robust, with Q4 2024 showing $235.3 million, up from $151.1 million in Q4 2023, driven primarily by strong loans and leases interest income.
Total revenue in Q4 2024 rose to $264.3 million versus a negative total revenue in Q4 2023, reflecting recovery and growth across interest and non-interest income streams.
The allowance for loan and lease losses remains well capitalized, supporting the bank’s asset quality management.
The bank’s operating cash flows improved significantly, with net cash from continuing operating activities at $205 million in Q4 2024, compared to just $81.6 million in Q4 2023, indicating healthier cash generation.
Deposits and equity levels have stabilized in 2024 with total equity at around $3.5 billion as of Q3 2024, up from approximately $1 billion in Q3 2023, indicating strengthened balance sheet equity base.

Neutral points to note:

Provision for credit losses fluctuated, with $12.8 million in Q4 2024, a moderate increase reflecting cautious risk management amidst loan portfolio growth.
The restructuring charges turned negative in Q4 2024 (-$1.02 million), suggesting some reversal or lower restructuring expenses compared to previous periods.
The bank consistently paid preferred stock dividends around $9.95 million each quarter, indicating a fixed obligation impacting net income available to common shareholders.

Areas of concern or negative trends:

Total non-interest expenses remain high at approximately $181.4 million in Q4 2024, though down somewhat from previous quarters, sustaining pressure on net margins.
Long-term debt interest expense increased to $35.1 million in Q4 2024 from $10.8 million in Q4 2023, increasing financing costs partly due to changes in debt structure.
Despite improvements, Q1-Q3 2024 earnings per share remain modest at around $0.12, reflecting gradual profitability recovery but still below strong banking sector standards.
Loan and lease balances as reported in Q3 2024 are negative in some data extracts, possibly indicating adjustments or recoveries that require further clarification.
Net change in cash and equivalents were negative in several quarters of 2024, signaling potential liquidity management challenges or investment outflows.

Summary: Banc of California has shown a significant financial recovery in 2024 following a difficult 2023 marked by large losses and elevated expenses, including a heavy restructuring charge in Q4 2023. The bank’s core interest income and operating cash flows have improved noticeably, helping to restore profitability and strengthen capital. However, expenses remain elevated and interest costs have climbed, which may pressure future results. Investors should watch ongoing expense control, credit loss provisions, and the bank’s ability to sustain deposit and loan growth as key drivers for sustained recovery.

08/04/25 03:45 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Banc of California's Financials

When does Banc of California's financial year end?

According to the most recent income statement we have on file, Banc of California's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Banc of California's net income changed over the last 9 years?

Banc of California's net income appears to be on an upward trend, with a most recent value of $126.89 million in 2024, rising from $62.07 million in 2015. The previous period was -$1.90 billion in 2023. Check out Banc of California's forecast to explore projected trends and price targets.

How has Banc of California's revenue changed over the last 9 years?

Over the last 9 years, Banc of California's total revenue changed from $286.93 million in 2015 to $1.00 billion in 2024, a change of 249.6%.

How much debt does Banc of California have?

Banc of California's total liabilities were at $30.04 billion at the end of 2024, a 14.5% decrease from 2023, and a 296.2% increase since 2015.

How much cash does Banc of California have?

In the past 9 years, Banc of California's cash and equivalents has ranged from $15.05 million in 2015 to $212.27 million in 2022, and is currently $192.01 million as of their latest financial filing in 2024.

How has Banc of California's book value per share changed over the last 9 years?

Over the last 9 years, Banc of California's book value per share changed from 12.20 in 2015 to 18.96 in 2024, a change of 55.4%.

Related Companies

This page (NYSE:BANC) was last updated on 8/4/2025 by MarketBeat.com Staff

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Banc of California (BANC) Financials

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Banc of California (BANC) Financials

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