NYSE : BANC
Banc of California, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 18.23 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.89B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 1.43B | 1.44B | 1.50B | 1.50B | 1.31B | 996.46M |
| Interest Income on Investments | 255.13M | 236.26M | 311.17M | 474.64M | 243.91M | 162.27M |
| Total Interest Income | 1.68B | 1.68B | 1.81B | 1.97B | 1.56B | 1.16B |
| Interest Paid on Deposits | 504.65M | 558.44M | 715.98M | 748.42M | 200.45M | 27.81M |
| Interest Paid on Borrowings | 151.15M | 140.83M | 170.67M | 475.45M | 65.28M | 27.10M |
| Total Interest Expense | 655.80M | 699.27M | 886.65M | 1.22B | 265.73M | 54.91M |
| Net Interest Income | 1.03B | 977.39M | 926.05M | 747.13M | 1.29B | 1.10B |
| Gain (Loss) on Sale of Investments | -256.02M | -60.40M | -442.41M | -50.32M | 1.61M | |
| Other Non-Interest Income | 127.23M | 123.11M | 118.32M | 139.01M | 110.64M | 177.31M |
| Total Non-Interest Income | -125.84M | 142.14M | 77.14M | -448.29M | 74.83M | 193.93M |
| Revenues Before Loan Losses | 900.08M | 1.12B | 1.00B | 298.84M | 1.37B | 1.30B |
| Provision for Loan Losses | 194.48M | 70.60M | 42.80M | 52.00M | 24.50M | -162.00M |
| Revenue | 705.60M | 1.05B | 960.39M | 246.84M | 1.34B | 1.46B |
| Salaries and Employee Benefits | 326.60M | 326.71M | 326.90M | 304.95M | 372.94M | 337.05M |
| Federal Deposit Insurance | 40.55M | 32.75M | 70.78M | 135.67M | 25.49M | 17.36M |
| Amortization of Goodwill & Intangibles | 25.67M | 28.27M | 33.14M | 11.42M | 13.58M | 12.73M |
| Selling, General & Administrative | 182.13M | 188.36M | 193.04M | 199.74M | 206.60M | 177.35M |
| Other Non-Interest Expense | 161.44M | 158.88M | 181.12M | 285.73M | 119.38M | 82.65M |
| Total Non-Interest Expense | 737.27M | 735.85M | 805.92M | 938.81M | 738.82M | 628.00M |
| EBT Excluding Unusual Items | -31.67M | 313.07M | 154.47M | -691.97M | 602.27M | 831.75M |
| Pretax Income | -31.67M | 313.07M | 168.65M | -2.21B | 567.57M | 822.33M |
| Income Tax Expense | -22.72M | 84.10M | 41.77M | -312.20M | 143.96M | 215.38M |
| Net Income | -8.95M | 228.97M | 126.89M | -1.90B | 423.61M | 606.96M |
| Preferred Dividends & Other Adjustments | 39.92M | 39.92M | 39.73M | 39.79M | 26.81M | 10.25M |
| Net Income to Common | -48.87M | 189.06M | 87.16M | -1.94B | 396.80M | 596.71M |
| Basic Shares Outstanding | 156.13M | 159.81M | 168.44M | 85.39M | 77.27M | 76.92M |
| Diluted Shares Outstanding | 156.13M | 170.88M | 168.68M | 85.39M | 77.27M | 76.92M |
| EPS (Basic) | -0.31 | 1.18 | 0.52 | -22.71 | 5.14 | 7.76 |
| EPS (Diluted) | -0.31 | 1.11 | 0.52 | -22.71 | 5.14 | 7.76 |
| Dividend Per Share | 0.10 | 0.40 | 0.40 | 0.53 | 1.52 | 1.00 |
| Effective Tax Rate | 26.86% | 24.76% | 25.36% | 26.19% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.17B | 2.29B | 2.50B | 5.37B | 2.24B | 4.06B |
| Investment Securities | 5.07B | 2.51B | 2.63B | 2.57B | 3.41B | 4.79B |
| Trading Asset Securities | 3.44M | 3.76M | 3.69M | 4.05M | 3.56M | |
| Mortgage-Backed Securities | 2.80B | 2.49B | 2.69B | 4.15B | 6.34B | |
| Total Investments | 5.07B | 5.31B | 5.12B | 5.27B | 7.57B | 11.13B |
| Gross Loans | 24.59B | 25.16B | 23.98B | 25.80B | 28.73B | 23.03B |
| Allowance for Loan Losses | -234.43M | -245.61M | -239.36M | -281.69M | -200.73M | -200.56M |
| Other Adjustments to Gross Loans | -122.81M | -202.25M | -307.03M | -116.89M | -84.76M | |
| Net Loans | 24.36B | 24.79B | 23.54B | 25.21B | 28.41B | 22.74B |
| Property, Plant & Equipment | 415.23M | 484.13M | 549.83M | 624.25M | 584.82M | 509.12M |
| Goodwill | 214.52M | 214.52M | 214.52M | 198.63M | 1.38B | 1.41B |
| Other Intangible Assets | 86.52M | 105.29M | 132.94M | 165.48M | 31.38M | 44.96M |
| Loans Held for Sale | 498.76M | 182.94M | 26.33M | 122.76M | 65.08M | |
| Accrued Interest Receivable | 131.43M | 125.47M | 138.52M | 157.11M | 120.33M | |
| Other Receivables | 52.49M | 69.24M | 176.71M | 238.76M | 169.25M | |
| Restricted Cash | 15.10M | 5.30M | 3.30M | 2.70M | 2.00M | |
| Other Current Assets | 33.83M | 39.43M | 43.50M | 26.75M | 27.63M | |
| Long-Term Deferred Tax Assets | 743.71M | 656.75M | 720.59M | 739.11M | 281.85M | |
| Other Real Estate Owned & Foreclosed | 17.11M | 9.73M | 7.39M | 5.02M | 12.84M | |
| Other Long-Term Assets | 1.24B | 350.08M | 339.52M | 339.64M | 207.80M | 203.84M |
| Total Assets | 34.97B | 34.80B | 33.54B | 38.53B | 41.23B | 40.44B |
| Interest Bearing Deposits | 20.57B | 19.00B | 18.37B | 21.52B | 21.18B | 19.97B |
| Institutional Deposits | 1.02B | 1.10B | 1.11B | 1.54B | 486.89M | |
| Non-Interest Bearing Deposits | 7.69B | 7.82B | 7.72B | 7.77B | 11.21B | 14.54B |
| Total Deposits | 28.26B | 27.84B | 27.19B | 30.40B | 33.94B | 35.00B |
| Short-Term Borrowings | 248.22M | 7.56M | 2.63B | 1.64B | 931.00K | |
| Current Portion of Leases | 30.68M | 2.02M | ||||
| Accrued Interest Payable | 372.71M | 232.24M | 355.93M | 691.76M | 465.09M | 364.30M |
| Long-Term Debt | 2.98B | 570.37M | 748.00M | 748.67M | 527.16M | 394.63M |
| Federal Home Loan Bank Debt, Long-Term | 1.71B | 1.10B | ||||
| Long-Term Leases | 89.90M | 124.36M | 161.31M | 148.40M | 142.12M | |
| Trust Preferred Securities | 496.00M | 485.74M | 480.95M | 471.95M | 468.65M | |
| Long-Term Unearned Revenue | 279.00K | 348.00K | 418.00K | 488.00K | 229.00K | |
| Other Long-Term Liabilities | 34.92M | 29.07M | 29.57M | 91.07M | 73.07M | |
| Total Liabilities | 31.62B | 31.26B | 30.04B | 35.14B | 37.28B | 36.44B |
| Preferred Stock, Redeemable | 498.52M | 498.52M | 498.52M | 498.52M | 498.52M | |
| Common Stock | 1.58M | 1.55M | 1.69M | 1.69M | 1.23M | 1.22M |
| Additional Paid-In Capital | 3.47B | 3.55B | 3.79B | 3.84B | 2.82B | 3.01B |
| Retained Earnings | -358.19M | -242.02M | -431.20M | -518.30M | 1.42B | 1.02B |
| Treasury Stock | -97.31M | |||||
| Comprehensive Income & Other | -265.04M | -269.26M | -354.78M | -432.11M | -790.90M | 65.97M |
| Total Common Equity | 2.85B | 3.04B | 3.00B | 2.89B | 3.45B | 4.00B |
| Shareholders' Equity | 3.35B | 3.54B | 3.50B | 3.39B | 3.95B | 4.00B |
| Total Liabilities & Equity | 34.97B | 34.80B | 33.54B | 38.53B | 41.23B | 40.44B |
| Total Debt | 2.98B | 3.15B | 2.47B | 4.02B | 2.79B | 1.01B |
| Net Cash (Debt) | -814.94M | -849.07M | 35.02M | 1.36B | -543.85M | 3.05B |
| Net Cash Per Share | -5.22 | -4.97 | 0.21 | 15.90 | -7.04 | 39.66 |
| Filing Date Shares Outstanding | 158.45M | 155.46M | 168.41M | 168.10M | 117.93M | 117.32M |
| Total Common Shares Outstanding | 158.45M | 155.46M | 168.61M | 168.10M | 117.82M | 117.27M |
| Book Value Per Share | 17.99 | 19.57 | 17.80 | 17.21 | 29.30 | 34.11 |
| Tangible Book Value | 2.55B | 2.72B | 2.65B | 2.53B | 2.04B | 2.55B |
| Tangible Book Value Per Share | 16.09 | 17.52 | 15.74 | 15.04 | 17.35 | 21.74 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 228.97M | 126.89M | -1.90B | 423.61M | 606.96M | |
| Depreciation & Amortization | 74.63M | 92.13M | 57.04M | 61.74M | 59.58M | |
| Other Amortization | 26.39M | 29.27M | 34.24M | 35.66M | 35.76M | |
| Gain (Loss) on Sale of Assets | 769.00K | 1.71M | 835.00K | -3.34M | -318.00K | |
| Gain (Loss) on Sale of Investments | 19.39M | 83.93M | 485.53M | 101.98M | 41.45M | |
| Total Asset Writedown | 1.38B | 29.00M | ||||
| Provision for Credit Losses | 70.60M | 42.80M | 52.00M | 24.50M | -162.00M | |
| Change in Other Net Operating Assets | 53.52M | 167.97M | -214.61M | -83.67M | -97.18M | |
| Other Operating Activities | -84.75M | -106.40M | 8.04M | -491.00K | ||
| Operating Cash Flow | 255.60M | 77.37M | 135.77M | 701.97M | 502.96M | |
| Capital Expenditures | -20.83M | -13.05M | -15.22M | -120.86M | -48.05M | |
| Sale of Property, Plant and Equipment | 42.56M | 8.06M | 34.73M | 11.00K | 95.00K | |
| Cash Acquisitions | 335.32M | 3.76B | ||||
| Investment in Securities | -107.20M | 102.36M | 3.28B | 2.29B | -5.65B | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -1.40B | 1.79B | 8.99B | -5.74B | -3.78B | |
| Other Investing Activities | 4.16M | 540.00K | -10.77M | 2.76M | 6.78M | |
| Investing Cash Flow | -1.48B | 1.89B | 12.61B | -3.57B | -5.71B | |
| Long-Term Debt Issued | 850.18M | 1.10B | 2.51B | 1.76B | 394.31M | |
| Long-Term Debt Repaid | -178.28M | -2.62B | -2.32B | -55.21M | ||
| Net Debt Issued (Repaid) | 671.90M | -1.52B | 185.78M | 1.76B | 339.10M | |
| Issuance of Common Stock | 77.00K | 308.00K | 382.97M | |||
| Repurchase of Common Stock | -191.44M | -2.71M | -5.42M | -9.53M | -8.51M | |
| Preferred Stock Issued | 498.52M | |||||
| Common Dividends Paid | -63.90M | -68.30M | -48.88M | -120.26M | -119.44M | |
| Preferred Dividends Paid | -39.79M | -39.79M | -39.79M | -19.34M | ||
| Total Dividends Paid | -103.68M | -108.09M | -88.67M | -139.59M | -119.44M | |
| Net Increase (Decrease) in Deposit Accounts | 651.45M | -3.21B | -10.08B | -1.06B | 5.90B | |
| Financing Cash Flow | 1.03B | -4.84B | -9.61B | 1.05B | 6.11B | |
| Net Cash Flow | -194.25M | -2.88B | 3.14B | -1.82B | 896.57M | |
| Free Cash Flow | 234.77M | 64.33M | 120.55M | 581.11M | 454.91M | |
| Free Cash Flow Margin | 22.38% | 6.70% | 48.84% | 43.33% | 31.16% | |
| Free Cash Flow Per Share | 1.37 | 0.38 | 1.41 | 7.52 | 5.91 | |
| Cash Interest Paid | 715.04M | 1.01B | 1.06B | 238.38M | 53.45M | |
| Cash Income Tax Paid | 7.54M | -14.45M | -68.17M | 97.25M | 136.01M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.89B | 3.00B | 2.61B | 2.12B | 4.12B | 8.06B |
| Last Close Price | 18.23 | 18.91 | 14.77 | 12.48 | 31.79 | 60.68 |
| PE Ratio | 15.86 | 29.91 | 10.37 | 13.51 | ||
| PS Ratio | 4.09 | 2.86 | 2.71 | 8.57 | 3.07 | 5.52 |
| PB Ratio | 1.01 | 0.85 | 0.74 | 0.62 | 1.04 | 2.02 |
| P/FCF Ratio | 7.93 | 12.77 | 40.52 | 17.55 | 7.08 | 17.72 |
| P/OCF Ratio | 7.44 | 11.73 | 33.69 | 15.58 | 5.86 | 16.03 |
| Debt / Equity Ratio | 0.89 | 0.89 | 0.70 | 1.19 | 0.70 | 0.25 |
| Debt / FCF Ratio | 13.40 | 38.33 | 33.35 | 4.79 | 2.22 | |
| Net Debt / Equity Ratio | 0.24 | 0.24 | -0.01 | -0.40 | 0.14 | -0.76 |
| Net Debt / FCF Ratio | 3.62 | -0.54 | -11.27 | 0.94 | -6.71 | |
| Return on Equity (ROE) | -0.26% | 6.50% | 3.68% | -51.74% | 10.66% | 15.98% |
| Return on Assets (ROA) | -0.03% | 0.67% | 0.35% | -4.76% | 1.04% | 1.74% |
| Earnings Yield | -1.72% | 7.64% | 4.87% | -89.78% | 10.29% | 7.53% |
| FCF Yield | 12.61% | 7.83% | 2.47% | 5.70% | 14.12% | 5.64% |
| Dividend Yield | 2.63% | 2.07% | 2.59% | 4.21% | 4.35% | 1.46% |
| Payout Ratio | 45.28% | 85.18% | 32.95% | 19.68% | ||
| Buyback Yield / Dilution | 4.74% | -1.30% | -97.54% | -10.51% | -0.46% | -0.21% |
| Total Shareholder Return | 7.37% | 0.78% | -94.95% | -6.30% | 3.89% | 1.25% |