Banc of California Inc (N:BANC)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 3 Macarthur Place SANTA ANA CA 92707 |
| Tel: | N/A |
| Website: | https://bancofcal.com |
| IR: | See website |
| Key People | ||
| Jared M. Wolff President, Chief Executive Officer, Vice Chairman of the Board | Raymond J. Rindone Executive Vice President, Deputy Chief Financial Officer, Head - Corporate Finance | Joseph Kauder Chief Financial Officer, Executive Vice President |
| John Sotoodeh Chief Operating Officer | Monica L. Sparks Executive Vice President, Chief Accounting Officer | Ido Dotan Executive Vice President, Chief Administrative Officer, General Counsel, Corporate Secretary |
| Olivia Lindsay Executive Vice President, Chief Risk Officer | Bryan M. Corsini Executive Vice President, Chief Credit Officer | Robert G. Dyck Senior Executive Vice President, Chief Credit Officer | Hamid Hussain Executive Vice President, President of the Bank |
| Business Overview |
| Banc of California, Inc. is a bank holding company for its subsidiary, Banc of California (the Bank), a California state-chartered bank. The Bank provides a range of loan and deposit products and services through more than 90 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, and full-stack payment processing solutions through its subsidiary, Deepstack Technologies, LLC. The Bank also serves the Community Association Management Industry nationwide with its technology-forward platform SmartStreet. The Bank is organized into four business groups: Community Banking, Specialty Banking, Deposit Services, and Payment Solutions. Specialty Banking is focused on serving clients in niche verticals by industry, including homeowner associations, venture banking, SBA lending, mortgage warehouse lending, media and entertainment and equipment finance. Deposit Services provide valuable services to clients in the Community and Specialty Banking groups. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Banc of California Inc interest income increased from $372.8M to $1.97B. Net interest income after loan loss provision increased from $345.9M to $695.1M. Net loss applicable to common stockholders totaled $1.94B vs. income of $115.8M. Net interest income after loan loss provision reflects Loans and leases increase from $327.5M to $1.5B, Investment securities increase from $38.5M to $299.6M. |
| Employees: | 2,304 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6,382M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,971M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1,703M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1,939M as of Dec 31, 2023 |
| Free cash flow (TTM): | $31.88M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $3,645M as of Dec 31, 2023 |
| Shares outstanding: | 168,930,779 as of Mar 15, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.