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.

TypePublic
HQIrvine, US
Founded1941
Size (employees)1,776 (est)
Websitebancofcal.com
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 Revenue

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

Revenue (Q2, 2018)

220.5 m

Gross profit (Q2, 2018)

160.8 m

Gross profit margin (Q2, 2018), %

72.9%

Net income (Q2, 2018)

23.3 m

EBIT (Q2, 2018)

144.2 m

Market capitalization (18-Sep-2018)

975.2 m

Closing stock price (18-Sep-2018)

19.3

Cash (30-Jun-2018)

385.7 m
Banc of California's current market capitalization is $975.2 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, 2017Q1, 2018Q2, 2018

Revenue

79 m90.7 m106.8 m131.5 m117.2 m136.2 m160.2 m176.9 m113.7 m107.3 m220.5 m

Cost of goods sold

8.1 m8.5 m8.8 m10.7 m11 m13.8 m13.6 m15.3 m18.4 m27.3 m59.7 m

Gross profit

70.9 m82.3 m98 m120.8 m106.3 m122.4 m146.6 m161.6 m95.4 m80 m160.8 m

Gross profit Margin, %

90%91%92%92%91%90%92%91%84%75%73%
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, 2017Q1, 2018Q2, 2018

Cash

459 m379 m215 m271.7 m372.6 m409.3 m346.7 m385.7 m

Goodwill

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

Total Assets

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

Accounts Payable

5.1 b5.4 b6.8 b7.9 b9.1 b8.6 b7.1 b7.1 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, 2017Q1, 2018Q2, 2018

Net Income

8.1 m11.2 m12.6 m28.5 m43 m19.7 m46.2 m82.2 m17.2 m8.6 m23.3 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)14.3 m50.9 m

Purchases of PP&E

(197.3 m)(837.5 m)
USDY, 2018

Financial Leverage

10.4 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 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...

Banc of California Announces Further Expansion of Entertainment and Business Management Banking Teams

SANTA ANA, Calif., Aug. 30, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), the holding company for Banc of California, N.A. ("Bank") today announced it has further expanded its Private Banking division in Los Angeles through the addition of 3 banking professionals focusing on ...

Banc of California Announces Matthew Ashworth as Senior Vice President, Head of Business Banking

SANTA ANA, Calif., Aug. 21, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), the holding company for Banc of California, N.A. ("Bank") today announced it has hired Matthew Ashworth to serve as Senior Vice President, Head of Business Banking for the Bank. Mr. Ashworth joins the...

Banc of California Announces the Promotion of Thomas Hill to Senior Vice President, Head of Middle Market Banking

SANTA ANA, Calif., Aug. 16, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), the holding company for Banc of California, N.A. ("Bank") today announced the promotion of Thomas Hill to serve as Senior Vice President, Head of Middle Market Banking for the Bank. Mr. Hill joined...

Banc of California, Inc. Announces Redemption of 8.00% Series C Non-Cumulative Perpetual Preferred Stock and Related Depositary Shares

SANTA ANA, Calif., Aug. 15, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today announced that it is calling for redemption of all 40,250 outstanding shares of its 8.00% Series C Non-Cumulative Perpetual Preferred Stock (the "Series C Preferred Stock"), which will result in...

Banc of California Announces Quarterly Dividends

SANTA ANA, Calif., Aug. 15, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per share on its outstanding common stock. The dividend will be payable on October 1, 2018 to stockholders of ...
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Banc of California Company Life and Culture

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