$981.5 M

BANC Mkt cap, 22-Jun-2018

$107.3 M

Banc of California Revenue Q1, 2018
Banc of California Gross profit (Q1, 2018)80 M
Banc of California Gross profit margin (Q1, 2018), %74.6%
Banc of California Net income (Q1, 2018)8.6 M
Banc of California EBIT (Q1, 2018)71.4 M
Banc of California Cash, 31-Mar-2018346.7 M

Banc of California Financials

Banc of California Income Statement

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

Gross profit Margin, %

90%91%91%

Sales and marketing expense

268.7 m5.3 m

R&D expense

10.8 m7.9 m

General and administrative expense

49 m40.1 m

Operating expense total

328.5 m308.3 m

Depreciation and amortization

3.9 m

EBIT

155.3 m223.7 m325.5 m304.2 m

EBIT margin, %

47%46%50%

Pre tax profit

25.8 m104.3 m149.4 m26.9 m

Income tax expense

(4.5 m)42.2 m34 m2.9 m

Net Income

30.3 m62.1 m115.4 m57.7 m

Quarterly

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

90%91%92%92%91%90%92%91%84%75%

Sales and marketing expense

39.8 m42.7 m50.7 m57.4 m54.6 m59 m63.4 m70.9 m34.2 m3.3 m

R&D expense

1.3 m1.3 m1.8 m2.1 m2.2 m2.2 m2.8 m2.8 m2.2 m1.7 m

General and administrative expense

7.4 m8 m9.8 m10.3 m10.1 m11.7 m11.9 m12.7 m10.7 m7.7 m

Operating expense total

48.5 m51.9 m62.3 m69.8 m66.8 m72.9 m78.2 m86.5 m47 m59.8 m

Depreciation and amortization

843 k

EBIT

35.6 m38.2 m52 m54.1 m55.6 m70.4 m81 m87 m80.5 m71.4 m

EBIT margin, %

45%42%49%41%47%52%51%49%71%67%

Pre tax profit

8.4 m11.9 m22.1 m27.4 m23.8 m33 m44.8 m34.7 m2.9 m721 k

Income tax expense

253 k721 k9.5 m11.5 m9.3 m13.3 m18.3 m(1.2 m)5.5 m560 k

Net Income

8.1 m11.2 m12.6 m28.5 m43 m19.7 m46.2 m82.2 m17.2 m8.6 m

Banc of California Balance Sheet

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

Total Assets

8.2 b11 b10.3 b

Accounts Payable

9.1 b7.3 b

Short-term debt

Long-term debt

172.9 m

Total Debt

172.9 m

Total Liabilities

10 b9.3 b

Common Stock

395 k537 k517 k

Preferred Stock

31.9 m269.1 m269.1 m

Additional Paid-in Capital

429.8 m614.2 m621.4 m

Retained Earnings

63.5 m134.5 m144.8 m

Total Equity

652.4 m980.2 m1 b

Financial Leverage

12.6 x11.3 x10.2 x

Quarterly

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

Cash

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

Goodwill

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

Total Assets

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

Accounts Payable

5.1 b5.4 b6.8 b7.9 b9.1 b8.6 b7.1 b

Total Liabilities

9.3 b

Common Stock

372 k393 k454 k510 k536 k537 k517 k

Preferred Stock

31.9 m31.9 m31.9 m269.1 m269.1 m269.1 m269.1 m

Additional Paid-in Capital

425.8 m427.6 m509.1 m608.3 m611.1 m615 m623.5 m

Retained Earnings

45.5 m52.3 m73.2 m88.4 m112.8 m139.9 m141 m

Total Equity

633.9 m643.5 m867.5 m939.9 m971.4 m985.7 m993.8 m

Financial Leverage

10.2 x11.3 x11.1 x10.8 x11.5 x11.2 x10.4 x

Banc of California Cash Flow

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

Accounts Receivable

15.1 m

Inventories

Accounts Payable

Cash From Operating Activities

(45.2 m)13.7 m563 m

Cash From Investing Activities

(1.3 b)(2.3 b)(2.3 b)151.9 m

Dividends Paid

(2.2 m)(9.4 m)(19.6 m)(20.5 m)

Cash From Financing Activities

1.7 b2.2 b2.6 b(766.7 m)

Income Taxes Paid

33.4 m42.4 m11.3 m

Quarterly

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

Net Income

8.1 m11.2 m12.6 m28.5 m43 m19.7 m46.2 m82.2 m17.2 m8.6 m

Depreciation and Amortization

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

Accounts Receivable

11.2 m11.6 m15 m

Cash From Operating Activities

(65.2 m)40.4 m(195.5 m)(236 m)(148.9 m)(16 m)14.3 m

Purchases of PP&E

(197.3 m)(837.5 m)

Cash From Investing Activities

(126.6 m)(1.1 b)(989.1 m)(1.4 b)(2.4 b)(71.1 m)(70.6 m)

Dividends Paid

(3.4 m)(6.4 m)(3 m)(9.4 m)(14.5 m)(5.1 m)(5.1 m)

Cash From Financing Activities

419.5 m1.3 b1.2 b1.8 b2.8 b56.9 m15.3 m

Income Taxes Paid

19.5 m24.5 m1.6 m36.4 m36.6 m6.6 m31 k

Banc of California Ratios

USDY, 2018

Revenue/Employee

60.4 k

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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