Banc of California Past Earnings Performance

Past criteria checks 0/6

Banc of California's earnings have been declining at an average annual rate of -20.1%, while the Banks industry saw earnings growing at 12.7% annually. Revenues have been growing at an average rate of 3% per year.

Key information

-20.1%

Earnings growth rate

-19.5%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	3.0%
Return on equity	-57.0%
Net Margin	-168.1%
Last Earnings Update	30 Sep 2023

Recent past performance 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

Revenue & Expenses Breakdown
Beta

How Banc of California makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:PACW Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 23	837	-1,407	517
30 Jun 23	1,042	-1,254	556
31 Mar 23	1,324	-927	570
31 Dec 22	1,341	397	573
30 Sep 22	1,411	492	564
30 Jun 22	1,393	509	548
31 Mar 22	1,435	567	532
31 Dec 21	1,460	597	515
30 Sep 21	1,385	580	485
30 Jun 21	1,230	487	459
31 Mar 21	1,009	343	427
31 Dec 20	822	-1,239	405
30 Sep 20	803	-1,240	404
30 Jun 20	889	-1,176	399
31 Mar 20	1,020	-1,082	404
31 Dec 19	1,135	463	413
30 Sep 19	1,148	461	407
30 Jun 19	1,155	467	407
31 Mar 19	1,135	455	408
31 Dec 18	1,145	460	407
30 Sep 18	1,137	429	407
30 Jun 18	1,109	415	397
31 Mar 18	1,091	393	388
31 Dec 17	1,050	354	380
30 Sep 17	1,021	355	373
30 Jun 17	1,016	348	371
31 Mar 17	992	336	367
31 Dec 16	1,008	348	363
30 Sep 16	994	335	353
30 Jun 16	941	311	332
31 Mar 16	915	314	313
31 Dec 15	862	297	294
30 Sep 15	824	296	276
30 Jun 15	824	288	274
31 Mar 15	803	215	270
31 Dec 14	688	169	241
30 Sep 14	561	102	213
30 Jun 14	453	64	186
31 Mar 14	329	57	155
31 Dec 13	306	44	153
30 Sep 13	302	60	149
30 Jun 13	289	52	145
31 Mar 13	292	63	146
31 Dec 12	305	55	138

Quality Earnings: PACW is currently unprofitable.

Growing Profit Margin: PACW is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: PACW is unprofitable, and losses have increased over the past 5 years at a rate of 20.1% per year.

Accelerating Growth: Unable to compare PACW's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PACW is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (1.6%).

Return on Equity

High ROE: PACW has a negative Return on Equity (-56.96%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Banc of California Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Banc of California, Inc. to Report Q1, 2024 Results on Apr 23, 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 to Report Q3, 2023 Results on Oct 24, 2023

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

Recent updates

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

PacWest Bancorp Announces Quarterly Dividend, Payable on August 31, 2022

Price target decreased to US$37.50

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

PacWest Bancorp Q2 2022 Earnings Preview

Price target decreased to US$41.89

Price target decreased to US$45.30

PacWest Bancorp to Report Q2, 2022 Results on Jul 20, 2022

Investor sentiment deteriorated over the past week

Revenue & Expenses Breakdown
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