Banc of California provides full-service banking and home lending to private businesses, entrepreneurs and homeowners. The Company is the parent of Banc of California, National Association, which 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 origination, wire transfer, direct deposit, and safe deposit boxes.

Type
Public
HQ
Irvine, US
Founded
1941
Size (employees)
1,776 (est)
Banc of California was founded in 1941 and is headquartered in Irvine, US
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Banc of California Office Locations

Banc of California has an office in Irvine
Irvine, US (HQ)
3 MacArthur Place
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Banc of California Financials and Metrics

Banc of California Financials

Banc of California's revenue was reported to be $656.85 m in FY, 2016 which is a 35% increase from the previous period.
USD

Net income (FY, 2017)

57.7 m

EBIT (FY, 2017)

304.2 m

Market capitalization (20-Apr-2018)

984.4 m

Cash (31-Dec-2017)

387.7 m

EV

769.6 m
Banc of California's current market capitalization is $984.4 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

333.8 m486.6 m656.9 m

Revenue growth, %

46%35%

Cost of goods sold

32.9 m42.6 m59.5 m85 m

Gross profit

300.9 m443.9 m597.4 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

79 m90.7 m106.8 m131.5 m117.2 m136.2 m160.2 m176.9 m113.7 m

Cost of goods sold

8.1 m8.5 m8.8 m10.7 m11 m13.8 m13.6 m15.3 m18.4 m

Gross profit

70.9 m82.3 m98 m120.8 m106.3 m122.4 m146.6 m161.6 m95.4 m

Gross profit Margin, %

90%91%92%92%91%90%92%91%84%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

156.1 m439.5 m387.7 m

Accounts Receivable

22.8 m

Inventories

Goodwill

39.2 m39.2 m37.1 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

459 m379 m215 m271.7 m372.6 m409.3 m

Goodwill

31.6 m39.2 m39.2 m39.2 m39.2 m37.1 m

Total Assets

6.4 b7.3 b9.6 b10.2 b11.2 b11.1 b

Accounts Payable

5.1 b5.4 b6.8 b7.9 b9.1 b8.6 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

79 k30.3 m62.1 m115.4 m57.7 m

Depreciation and Amortization

4.1 m5.8 m4.9 m

Inventories

Accounts Payable

Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

8.1 m11.2 m12.6 m28.5 m43 m19.7 m46.2 m82.2 m17.2 m

Depreciation and Amortization

944 k890 k1.5 m1.5 m1.4 m1.3 m1.3 m1.2 m1.1 m

Cash From Operating Activities

(65.2 m)40.4 m(195.5 m)(236 m)(148.9 m)(16 m)

Purchases of PP&E

(197.3 m)(837.5 m)
USDY, 2017

EV/EBIT

2.5 x

EV/CFO

1.4 x

Financial Leverage

10.2 x
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Banc of California Operating Metrics

Banc of California's Total Loans was reported to be $5.9b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

37 38 37 35 35 38 38 39 39 37 35

Locations

90 90

Non-performing Loans

$38.38 m$42.75 m$42.71 m$45.19 m$45.13 m$44.22 m$45.01 m$35.22 m$14.94 m$16.22 m$9.06 m

Total Loans

$3.92 b$3.90 b$4.44 b$4.70 b$5.15 b$5.43 b$6.20 b$6.53 b$5.99 b$6.06 b$5.91 b
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