Banc of California Future Growth

Future criteria checks 3/6

Banc of California is forecast to grow earnings and revenue by 110.8% and 4.2% per annum respectively.

Key information

110.8%

Earnings growth rate

n/a

EPS growth rate

Banks earnings growth	10.5%
Revenue growth rate	4.2%
Future return on equity	n/a
Analyst coverage	Low
Last updated	01 Dec 2023

Recent future growth updates

Recent updates

Need To Know: Analysts Just Made A Substantial Cut To Their PacWest Bancorp (NASDAQ:PACW) Estimates

Mar 25

PacWest Bancorp's (NASDAQ:PACW) Dividend Will Be $0.25

Feb 04

PacWest Bancorp GAAP EPS of $1.02 misses by $0.05, revenue of $373.8M misses by $7.02M

Oct 19

Earnings and Revenue Growth Forecasts

NasdaqGS:PACW - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2024	850	107	N/A	N/A	2
12/31/2023	708	-1,590	N/A	N/A	1
9/30/2023	837	-1,407	226	319	N/A
6/30/2023	1,042	-1,254	398	514	N/A
3/31/2023	1,324	-927	419	547	N/A
12/31/2022	1,341	397	581	702	N/A
9/30/2022	1,411	492	553	610	N/A
6/30/2022	1,393	509	487	544	N/A
3/31/2022	1,435	567	441	490	N/A
12/31/2021	1,460	597	455	503	N/A
9/30/2021	1,385	580	454	533	N/A
6/30/2021	1,230	487	386	440	N/A
3/31/2021	1,009	343	454	515	N/A
12/31/2020	822	-1,239	425	484	N/A
9/30/2020	803	-1,240	428	478	N/A
6/30/2020	889	-1,176	524	577	N/A
3/31/2020	1,020	-1,082	484	546	N/A
12/31/2019	1,135	463	513	583	N/A
9/30/2019	1,148	461	535	592	N/A
6/30/2019	1,155	467	520	581	N/A
3/31/2019	1,135	455	576	624	N/A
12/31/2018	1,145	460	567	608	N/A
9/30/2018	1,137	429	517	590	N/A
6/30/2018	1,109	415	521	605	N/A
3/31/2018	1,091	393	392	477	N/A
12/31/2017	1,050	354	402	484	N/A
9/30/2017	1,021	355	448	509	N/A
6/30/2017	1,016	348	N/A	493	N/A
3/31/2017	992	336	N/A	592	N/A
12/31/2016	1,008	348	N/A	581	N/A
9/30/2016	994	335	N/A	621	N/A
6/30/2016	941	311	N/A	588	N/A
3/31/2016	915	314	N/A	600	N/A
12/31/2015	862	297	N/A	594	N/A
9/30/2015	824	296	N/A	588	N/A
6/30/2015	824	288	N/A	558	N/A
3/31/2015	803	215	N/A	431	N/A
12/31/2014	688	169	N/A	332	N/A
9/30/2014	561	102	N/A	131	N/A
6/30/2014	453	64	N/A	61	N/A
3/31/2014	329	57	N/A	52	N/A
12/31/2013	306	44	N/A	50	N/A
9/30/2013	302	60	N/A	112	N/A
6/30/2013	289	52	N/A	110	N/A
3/31/2013	292	63	N/A	133	N/A
12/31/2012	305	55	N/A	118	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PACW is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: PACW is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PACW is expected to become profitable in the next 3 years.

Revenue vs Market: PACW's revenue (4.2% per year) is forecast to grow slower than the US market (8.1% per year).

High Growth Revenue: PACW's revenue (4.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if PACW's Return on Equity is forecast to be high in 3 years time

Banc of California Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Price target decreased by 10% to US$9.45

Price target decreased by 9.2% to US$10.50

Price target decreased by 7.0% to US$11.93

Consensus EPS estimates fall by 140%

Price target decreased by 15% to US$14.81

Price target decreased by 11% to US$27.00

Recent updates

Banc of California, Inc. Announces Quarterly Dividends, Payable on January 2, 2025

Banc of California, Inc. and Banc of California Announces Departure of John Sotoodeh as Executive Vice President and Chief Operating Officer, Effective November 7, 2024

Banc of California, Inc. to Report Q3, 2024 Results on Oct 22, 2024

Banc of California, Inc. Declares Quarterly Cash Dividend, Payable on October 1, 2024

Banc of California, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2024

Banc of California, Inc. to Report Q2, 2024 Results on Jul 23, 2024

Banc of California, Inc. Declares Quarterly Cash Dividend on Outstanding Common Stock, Payable on July 1, 2024

Banc of California, Inc. Reports Net Charge Off for the First Quarter Ended March 31, 2024

Banc of California, Inc. to Report Q1, 2024 Results on Apr 23, 2024

Banc of California, Inc. has filed a Follow-on Equity Offering in the amount of $752.315023 million.

Banc of California, Inc. Appoints Michael David as Executive Vice President for Technology Banking-West

Banc of California, Inc. Declares Quarterly Cash Dividend on Outstanding Common Stock, Payable on April 1, 2024

Banc of California, Inc. Reports Net Charge-Offs for the Quarter Ended December 31, 2023

Banc of California, Inc. to Report Q4, 2023 Results on Jan 25, 2024

PacWest Bancorp Files Form 15

PacWest Bancorp Files Form 15

Banc of California, Inc. Announces Board Appointments

Price target decreased by 10% to US$9.45

PacWest Bancorp(NasdaqGS:PACW) dropped from NASDAQ Composite Index

PacWest Bancorp(NasdaqGS:PACW) dropped from S&P 1000

PacWest Bancorp Announces Quarterly Dividend, Payable on November 27, 2023

The Gross Law Firm Notifies Shareholders of PacWest Bancorp of A Class Action Lawsuit

The Law Offices of Frank R. Cruz Announces Fraud Class Action Lawsuit Against PacWest Bancorp

PacWest Bancorp to Report Q3, 2023 Results on Oct 24, 2023

Price target decreased by 9.2% to US$10.50

Robbins LLP Informs Shareholders of Class Action Filed Against PacWest Bancorp

PacWest Bancorp Announces Quarterly Cash Dividend, Payable on August 31, 2023

Banc of California, Inc. (NYSE:BANC) entered into a definitive agreement to acquire PacWest Bancorp (NasdaqGS:PACW) from shareholders for approximately $1.057 billion.

Pacwest Bancorp Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

PacWest Bancorp to Report Q2, 2023 Results on Jul 25, 2023

Price target decreased by 7.0% to US$11.93

PacWest Bancorp(NasdaqGS:PACW) dropped from Russell 1000 Dynamic Index

PacWest Bancorp(NasdaqGS:PACW) dropped from S&P Banks Select Industry Index

Pacwest Bancorp Elects Stephanie B. Mudick to Serve as Directors

Consensus EPS estimates fall by 140%

PacWest Reportedly Weighing Strategic Options, Including Possible Sale

Price target decreased by 15% to US$14.81

Now 59% undervalued after recent price drop

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 11% to US$27.00

Need To Know: Analysts Just Made A Substantial Cut To Their PacWest Bancorp (NASDAQ:PACW) Estimates

Investor sentiment deteriorates as stock falls 19%

Consensus EPS estimates fall by 10%

CEO, President & Director recently bought US$506k worth of stock

Investor sentiment deteriorates as stock falls 27%

Full year 2022 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.25 per share at 3.4% yield

PacWest Bancorp's (NASDAQ:PACW) Dividend Will Be $0.25

Consensus EPS estimates fall by 11%

PacWest Bancorp Announces Quarterly Cash Dividend, Payable on February 28, 2023

Full year 2022 earnings: EPS and revenues miss analyst expectations

PacWest Bancorp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

PacWest Bancorp to Report Q4, 2022 Results on Jan 26, 2023

CEO & Director recently sold US$429k worth of stock

CEO & Director recently sold US$1.7m worth of stock

PacWest Bancorp Announces Appoints Paul W. Taylor as CEO

PacWest Bancorp and Pacific Western Bank Announce Executive Changes

Price target decreased to US$29.17

Upcoming dividend of US$0.25 per share

Pacwest Bancorp Announces Quarterly Dividends, Payable on November 30, 2022

Investor sentiment improved over the past week

Price target decreased to US$29.39

Third quarter 2022 earnings: EPS misses analyst expectations

PacWest Bancorp GAAP EPS of $1.02 misses by $0.05, revenue of $373.8M misses by $7.02M

Price target decreased to US$33.56

PacWest Bancorp to Report Q3, 2022 Results on Oct 19, 2022

Upcoming dividend of US$0.25 per share

Pacwest Bancorp and Pacific Western Bank Announces Executive Changes

PacWest Bancorp (NASDAQ:PACW) Is Paying Out A Dividend Of $0.25