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Stock impact report

Banc of California, Inc. Reports Third Quarter 2024 Financial Results Which Include Balance Sheet Repositioning

Banc of California, Inc. (BANC) 
Last banc of california, inc. earnings: 4/29 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4074352
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC):$(0.01)Loss Per Share$0.25Adjusted Earnings Per Share(1)$17.75Book Value Per Share$15.63Tangible Book Value Per Share(1)10.45%CET1 Ratio28%Average Noninterest-Bearing Deposits to Average Total DepositsBanc of California, Inc. (NYSE: BANC) (“Banc of California” or the “Company”), the parent company of wholly-owned subsidiary Banc of California (the “Bank”), today reported financial results for the third quarter ended September 30, 2024. The Company reported a net loss available to common and equivalent stockholders of $1.2 million, or a loss of $0.01 per diluted common share, for the third quarter of 2024. On an adjusted basis, net earnings available to common and equivalent stockholders were $41.4 million, or $0.25 per diluted common share.(1) This compares to net earnings available to common and equivalent stockholders of $20.4 million, or $0.12 per diluted common share, for the second quarter of 2024. The third Show less Read more
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