Banc of California Inc (N:BANC)

Business Focus: Banks

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 3 Macarthur Pl
SANTA ANA CA 92707-6067
Tel: 1-855-3612262
IR: See website
Key People
Robert D. Sznewajs
Independent Chairman of the Board
Kris Gagnon
Chief Credit Officer
Jared M. Wolff
President, Chief Executive Officer, Director
John A. Bogler
Chief Financial Officer, Executive Vice President
Jim Hazboun
Chief Human Resource Officer, Chief Administrative Officer
Brian P Kuelbs
Executive Vice President, Chief Investment Officer
Rita H. Dailey
Executive Vice President, Head of Deposits and Treasury Management Services
Jim Wiegandt
Executive Vice President and Head of Real Estate Banking
Hugh F. Boyle
Chief Risk Officer
Angelee J. Harris
General Counsel
Business Overview
Banc of California, Inc. is a financial holding company. The Company is the parent of Banc of California, National Association (the Bank). The Company operates through Commercial Banking; Mortgage Banking, and Corporate/Other segments. As of December 31, 2016, the Bank had 90 California banking locations, including 39 full service branches in San Diego, Orange, Santa Barbara, and Los Angeles Counties. The Bank offers automated bill payment, cash and treasury management, master demand accounts, foreign exchange, interest rate swaps, trust services, card payment services, remote and mobile deposit capture, automatic clearing house (ACH) origination, wire transfer, direct deposit, and safe deposit boxes. Bank customers also have the ability to access their accounts through a nationwide network of automated teller machines (ATMs), online, telephone and mobile banking. The Bank's lending activities are focused on providing financing to private businesses, entrepreneurs and homeowners.
Financial Overview
For the three months ended 31 March 2019, Banc of California Inc interest income increased 12% to $110.7M. Net interest income after loan loss provision increased 26% to $65.3M. Net income applicable to common stockholders excluding extraordinary items increased 37% to $2.5M. Net interest income after loan loss provision reflects Loans, including fees increase of 21% to $90.6M, Other interest-earning assets increase of 7% to $2.3M.
Employees: 719 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $1,074M as of Mar 31, 2019
Annual revenue (TTM): $434.80M as of Mar 31, 2019
EBITDA (TTM): $123.52M as of Mar 31, 2019
Net annual income (TTM): $20.21M as of Mar 31, 2019
Free cash flow (TTM): $62.76M as of Mar 31, 2019
Net Debt Last Fiscal Year: $136.95M as of Mar 31, 2019
Shares outstanding: 50,844,676 as of May 6, 2019
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization