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
Banc of California (NYSE: BANC) Financial Performance Overview - Last Four Years
Banc of California has shown notable fluctuations in its financial performance over the past four years, reflecting significant variations in net income, revenue streams, and expenses, along with meaningful shifts in its balance sheet and cash flow positions.
- In Q4 2024, the company reported a consolidated net income of $56.9 million, a strong recovery compared to large losses in late 2023.
- Net interest income has rebounded to $235.3 million in Q4 2024, up materially from $151 million in Q4 2023, driven by solid loan and lease interest income.
- Total revenue in Q4 2024 was $264.3 million, reflecting a return to positive earnings territory and improved business activity compared with Q4 2023's $-249.4 million.
- Cash flow from continuing operations improved to $205 million in Q4 2024 from only $81.6 million in Q4 2023, indicating better operational cash generation.
- The company has consistently maintained paying dividends to common shareholders, with $0.10 per share dividend in Q4 2024 and previous quarters, suggesting shareholder return commitment.
- Total assets slightly decreased from $36 billion in Q1 2024 to $33.4 billion in Q3 2024, with modest shifts in deposits and debt levels, indicating manageable balance sheet adjustments.
- Provision for credit losses has been elevated but improved from a peak of $47 million in Q4 2023 to $12.8 million in Q4 2024, highlighting ongoing risk management but continuing pressure.
- The period of 2023 was characterized by substantial losses, especially Q4 2023 with a net loss of $483 million and Q3 2023 loss of $23.3 million, primarily due to large unrealized losses on investments.
- Non-interest expenses were very high in 2023, e.g., $363.6 million in Q4 2023, reflecting restructuring charges and insurance claims which weighed on profitability severely.
- Significant restructuring charges and impairment expenses were recorded in 2023, such as $111.8 million restructuring and $1.38 billion impairment in Q1 2023, impacting overall earnings and equity.
Overall, Banc of California faced extreme challenges in 2023 including large investment losses and restructuring costs, resulting in heavy net losses and negative equity impacts. However, the firm showed meaningful recovery in 2024, with steady improvements in net interest income, positive revenues, and return to profitability by late 2024. This trend suggests cautious optimism for investors, though ongoing provisions for credit losses and expense management remain areas to watch.
Investors should consider the recent positive turnaround alongside the historical volatility and elevated risk profile as they evaluate Banc of California's future prospects.
08/24/25 10:12 AMAI Generated. May Contain Errors.