Last $11.05 USD
Change Today +0.37 / 3.46%
Volume 227.6K
BANC On Other Exchanges
Symbol
Exchange
New York
OTC US
As of 4:15 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

banc of california inc (BANC) Snapshot

Open
$10.73
Previous Close
$10.68
Day High
$11.08
Day Low
$10.62
52 Week High
12/26/13 - $14.06
52 Week Low
05/15/14 - $9.70
Market Cap
373.8M
Average Volume 10 Days
247.1K
EPS TTM
$0.26
Shares Outstanding
33.2M
EX-Date
12/11/14
P/E TM
42.2x
Dividend
$0.48
Dividend Yield
4.34%
Current Stock Chart for BANC OF CALIFORNIA INC (BANC)

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banc of california inc (BANC) Details

Banc of California, Inc. operates as the bank holding company for the Banc of California, National Association that provides retail banking products and services in the United States. It accepts various deposit accounts, including checking and savings, money market deposit, certificate, retirement, and interest bearing demand accounts, as well as certificates of deposit. The company also offers commercial and consumer loan products comprising commercial and industrial loans, commercial real estate loans, multi-family loans, small business administration guaranteed business loans, construction and renovation loans, lease financing, one-to-four family residential mortgage loans, warehouse loans, asset or security backed loans, home equity lines of credit, consumer and business lines of credit, home equity loans, and other consumer loans. In addition, it provides cash and treasury management, card payment, remote deposit, ACH origination, and employer/employee retirement planning services. Further, the company offers mobile, online, and telephone banking services; automated bill payment services; electronic statements; safe deposit boxes; and direct deposit and wire transfers. Additionally, it manages and disposes other real estate owned properties; and provides financial advisory and asset management services. As of July 31, 2014, the company operated through 80 banking locations. Banc of California, Inc. was founded in 1941 and is headquartered in Irvine, California.

1,361 Employees
Last Reported Date: 08/18/14
Founded in 1941

banc of california inc (BANC) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.3M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $646.4K
Executive Vice President and General Counsel
Total Annual Compensation: $439.4K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $387.9K
Chief Lending Officer of Pacific Trust Bank a...
Total Annual Compensation: $368.1K
Compensation as of Fiscal Year 2013.

banc of california inc (BANC) Key Developments

Banc of California, Inc. Announces Quarterly Common Stock Dividend, Payable on January 2, 2015

Banc of California, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per share on its outstanding common stock. The dividend will be payable on January 2, 2015 to stockholders of record as of December 15, 2014. Based on the trading price of $10.91 as of close of market on December 2, 2014, the cash dividend results in an annualized dividend yield of 4.40%.

Banc of California, Inc. Declares Quarterly Dividend on Series C Preferred Stock, Payable on December 15, 2014

Banc of California, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.50 per depository share on its 8.00% Series C Perpetual Preferred Stock. The dividend will be payable on December 15, 2014 to stockholders of record as of December 1, 2014.

Banc of California, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Net Charge Offs for the Third Quarter Ended September 30, 2014

Banc of California, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company announced total interest and dividend income of $46,649,000 compared to $33,846,000 for the same period a year ago. Net interest income was $38,186,000 compared to $26,943,000 for the same period a year ago. Income before income taxes was $11,947,000 compared to loss before income taxes of $9,244,000 for the same period a year ago. Net income was $11,226,000 compared to net loss of $8,534,000 for the same period a year ago. Net income available to common shareholders was $10,316,000 or $0.31 per diluted share compared to net loss available to common shareholders of $9,480,000 or $0.53 per diluted share for the same period a year ago. Return on average assets was 1.01% compared to negative return on average assets of 0.98% for the same period a year ago. Return on average equity was 9.91% compared to negative return on average equity of 10.05% for the same period a year ago. Book value per common stock was $12.82 compared to $12.36 for the same period a year ago. Return on average tangible common equity was 13.23% compared to negative return on average tangible common equity of 14.82% for the same period a year ago. For the nine months, the company announced total interest and dividend income of $133,059,000 compared to $79,755,000 for the same period a year ago. Net interest income was $108,946,000 compared to $63,927,000 for the same period a year ago. Income before income taxes was $21,087,000 compared to loss before income taxes of $1,498,000 for the same period a year ago. Net income was $20,104,000 compared to net loss of $3,242,000 for the same period a year ago. Net income available to common shareholders was $17,374,000 or $0.63 per diluted share compared to net loss available to common shareholders of $4,476,000 or $0.32 per diluted share for the same period a year ago. Return on average assets was 0.66% compared to negative return on average assets of 0.17% for the same period a year ago. Return on average equity was 6.92% compared to negative return on average equity of 1.77% for the same period a year ago. Return on average tangible common equity was 9.66% compared to negative return on average tangible common equity of 2.08% for the same period a year ago. For the third quarter ended September 30, 2014, the company announced that net charge offs were $0.2 million, compared to a net recovery of $0.2 million during the prior quarter.

 

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Valuation BANC Industry Range
Price/Earnings 33.3x
Price/Sales 3.2x
Price/Book 2.0x
Price/Cash Flow -- Not Meaningful
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