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Banc of California (BANC) Financials

Banc of California logo
$16.98 +0.44 (+2.63%)
Closing price 10/24/2025 03:59 PM Eastern
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$16.67 -0.31 (-1.80%)
As of 10/24/2025 07:38 PM Eastern
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Annual Income Statements for Banc of California

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

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
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

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
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

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
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

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
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

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
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

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
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%

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
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%

Financials Breakdown Chart

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.

Frequently Asked Questions About Banc of California's Financials

When does Banc of California's fiscal year end?

According to the most recent income statement we have on file, Banc of California's financial year ends in December. Their financial 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. Find out what analysts predict for Banc of California in the coming months.

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%.


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This page (NYSE:BANC) was last updated on 10/25/2025 by MarketBeat.com Staff
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