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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.

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TypePublic
Founded1941
HQIrvine, US
Websitebancofcal.com
Employee Ratings3

Latest Updates

Employees (est.) (Jan 2018)1,776
Job Openings70
Revenue (FY, 2017)$433.9 M(-33%)
Share Price (Nov 2018)$16.9 (-1%)

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 Revenue

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Banc of California's revenue was reported to be $433.86 m in FY, 2017
USD

Revenue (Q3, 2018)

112.6m

Gross profit (Q3, 2018)

76.0m

Gross profit margin (Q3, 2018), %

67.5%

Net income (Q3, 2018)

11.1m

EBIT (Q3, 2018)

71.2m

Market capitalization (21-Nov-2018)

857.0m

Closing stock price (21-Nov-2018)

16.9

Cash (30-Sep-2018)

372.2m
Banc of California's current market capitalization is $857 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

333.8m486.6m656.9m433.9m

Revenue growth, %

46%35%

Cost of goods sold

32.9m42.6m59.5m85.0m

Gross profit

300.9m443.9m597.4m348.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

52.1m68.1m79.0m90.7m106.8m131.5m117.2m136.2m160.2m176.9m113.7m102.1m115.1m107.3m113.2m112.6m

Cost of goods sold

6.9m7.6m8.1m8.5m8.8m10.7m11.0m13.8m13.6m15.3m18.4m20.9m21.7m27.3m32.4m36.6m

Gross profit

45.2m60.5m70.9m82.3m98.0m120.8m106.3m122.4m146.6m161.6m95.4m81.2m93.4m80.0m80.8m76.0m

Gross profit Margin, %

87%89%90%91%92%92%91%90%92%91%84%80%81%75%71%68%
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Cash

110.1m156.1m439.5m387.7m

Accounts Receivable

22.8m

Inventories

Goodwill

30.1m39.2m39.2m37.1m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

79.0k30.3m62.1m115.4m57.7m

Depreciation and Amortization

4.1m5.8m4.9m

Inventories

Accounts Payable

Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

8.1m11.2m12.6m28.5m43.0m19.7m46.2m82.2m17.2m29.5m46.4m8.6m23.3m34.4m

Depreciation and Amortization

944.0k890.0k1.5m1.5m1.4m1.3m1.3m1.2m1.1m

Cash From Operating Activities

(65.2m)40.4m(195.5m)(236.0m)(148.9m)(16.0m)383.1m510.8m14.3m50.9m96.5m

Purchases of PP&E

(197.3m)(837.5m)
USDY, 2018

Financial Leverage

10.8 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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Banc of California Online and Social Media Presence

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Banc of California News and Updates

Banc of California Announces Credit Facility for magicJack and United Online

SANTA ANA, Calif., Jan. 25, 2019 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), the holding company for Banc of California, N.A. ("Bank"), today announced that it has acted as lead agent bank in providing a $90 million credit facility to subsidiaries of B. Riley Financial, Inc....

Banc of California Reports Fourth Quarter 2018 Earnings

SANTA ANA, Calif., Jan. 24, 2019 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders of $6.7 million, for the fourth quarter of 2018, resulting in diluted earnings per common share of $0.13 for the quarter. Highlights for the...

Banc of California Announces Promotion of Jim Wiegandt to Executive Vice President, Head of Real Estate Banking

SANTA ANA, Calif., Jan. 14, 2019 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), the holding company for Banc of California, N.A. ("Bank"), today announced that Jim Wiegandt has been promoted to Executive Vice President, Head of Real Estate Banking for the Bank. Mr. Wiegandt joined ...

Banc of California Announces Schedule of Fourth Quarter 2018 Earnings Release and Conference Call

SANTA ANA, Calif., Jan. 10, 2019 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today announced it will release 2018 fourth quarter financial results on Thursday, January 24, 2019, before the market opens. The Company will host a conference call to discuss its fourth quarter...

Banc of California Announces Participation at Upcoming November Investor Conferences

SANTA ANA, Calif., Nov. 1, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today announced that Doug Bowers, President and Chief Executive Officer and John Bogler, Chief Financial Officer, will be participating at upcoming November investor conferences as follows: On November...

Banc of California Appoints Barbara Fallon-Walsh to the Board of Directors

SANTA ANA, Calif., Sept. 4, 2018 /PRNewswire/ -- Banc of California, Inc. (the "Company")(NYSE: BANC), today announced that Barbara Fallon-Walsh has been appointed to its Board of Directors (the "Board") as well as to the Board of Banc of California, N.A. ("Bank"), the Company's...
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Banc of California Company Life and Culture

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Banc of California Frequently Asked Questions

  • When was Banc of California founded?

    Banc of California was founded in 1941.

  • How many employees does Banc of California have?

    Banc of California has 1,776 employees.

  • What is Banc of California revenue?

    Latest Banc of California annual revenue is $433.9 m.

  • What is Banc of California revenue per employee?

    Latest Banc of California revenue per employee is $244.3 k.

  • Who are Banc of California competitors?

    Competitors of Banc of California include CIT, BSB Bancorp and Southern First Bancshares.

  • Where is Banc of California headquarters?

    Banc of California headquarters is located at 3 MacArthur Place, Irvine.

  • Where are Banc of California offices?

    Banc of California has an office in Irvine.

  • How many offices does Banc of California have?

    Banc of California has 1 office.