NYSE:BANC.PRE

Stock Analysis Report

Executive Summary

Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States.

Snowflake

Fundamentals

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Banc of California's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.06%

NYSE:BANC.PRE

0.3%

US Banks

0.9%

US Market


1 Year Return

1.6%

NYSE:BANC.PRE

-13.6%

US Banks

0.3%

US Market

BANC.PRE outperformed the Banks industry which returned -14.2% over the past year.

BANC.PRE outperformed the Market in United States of America which returned -0.5% over the past year.


Share holder returns

BANC.PREIndustryMarket
7 Day-0.06%0.3%0.9%
30 Day1.1%-5.1%-1.9%
90 Day1.6%-3.5%1.6%
1 Year8.7%1.6%-11.2%-13.6%2.6%0.3%
3 Year21.4%-0.7%43.6%33.7%41.0%31.8%
5 Yearn/a53.7%37.0%55.2%38.0%

Price Volatility Vs. Market

How volatile is Banc of California's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Banc of California undervalued based on future cash flows and its price relative to the stock market?

31.98x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Banc of California's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Banc of California's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Banc of California is overvalued based on earnings compared to the US Banks industry average.

Banc of California is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Banc of California is good value based on expected growth next year.


Price Based on Value of Assets

Banc of California is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Banc of California expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

36.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Banc of California's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).

Banc of California's earnings are expected to grow significantly at over 20% yearly.

Banc of California's revenue growth is positive but not above the United States of America market average.

Banc of California's earnings growth is expected to exceed the United States of America market average.

Banc of California's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Banc of California will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Banc of California performed over the past 5 years?

-1.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Banc of California's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Banc of California's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Banc of California's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

Banc of California has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Banc of California used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Banc of California improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Banc of California's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Banc of California has an acceptable proportion of non-loan assets held.

Banc of California has a sufficient allowance for bad loans.

Banc of California's liabilities are made up of primarily low risk sources of funding.

Banc of California's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Banc of California are broadly funded by customer deposits.

Banc of California has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Banc of California's current dividend yield, its reliability and sustainability?

1.87%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Banc of California before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Banc of California's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Banc of California's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Banc of California's salary, the management and board of directors tenure and is there insider trading?

1.4yrs

Average management tenure


CEO

Jared Wolff (49yo)

0.4yrs

Tenure

0

Mr. Jared M. Wolff is President and Chief Executive Officer of Banc of California, Inc., and a director of the Company since March 2019. Mr. Wolff also serves as Chairman of the Board of Banc of California ...


Management Age and Tenure

1.4yrs

Average Tenure

52yo

Average Age

The average tenure for the Banc of California management team is less than 2 years, this suggests a new team.


Board Age and Tenure

2.5yrs

Average Tenure

60.5yo

Average Age

The average tenure for the Banc of California board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jared Wolff (49yo)

    President

    • Tenure: 0.4yrs
  • John Bogler (53yo)

    Executive VP & CFO

    • Tenure: 1.9yrs
    • Compensation: US$1.09m
  • Kris Gagnon (67yo)

    Chief Credit Officer

    • Tenure: 1.5yrs
    • Compensation: US$903.25k
  • Mike Smith (52yo)

    Senior VP

    • Tenure: 0.9yrs
  • Diane Summers

    • Tenure: 1.5yrs
  • Doug Rosenthal

    Senior VP & Relationship Manager

    • Tenure: 1.3yrs
  • Jay Sanders

    Regional President & Head of Private and Specialty Banking

    • Tenure: 2.8yrs
  • Joubin Rahimi

    Senior Vice President of Private Banking

    • Tenure: 1.4yrs
  • Jim Hazboun

    Executive VP & Chief Human Resources Officer

    • Tenure: 1.3yrs
  • Ido Dotan (39yo)

    Executive VP

    • Tenure: 0.3yrs

Board Members

  • Bonnie Hill (78yo)

    Independent Director

    • Tenure: 2.2yrs
    • Compensation: US$190.00k
  • Walter Wycoff (61yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: US$199.39k
  • Bob Sznewajs (72yo)

    Chairman of the Board

    • Tenure: 2.6yrs
    • Compensation: US$291.97k
  • Jonah Schnel (46yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: US$212.84k
  • Rich Lashley (60yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: US$210.00k
  • Jared Wolff (49yo)

    President

    • Tenure: 0.4yrs
  • Mary Curran (62yo)

    Independent Director

    • Tenure: 2.2yrs
    • Compensation: US$197.51k
  • Marjorie Bowen (54yo)

    Director Nominee

    • Tenure: 0.0yrs
  • Halle Benett (52yo)

    Independent Director

    • Tenure: 6.6yrs
    • Compensation: US$213.26k
  • Barbara Fallon-Walsh (66yo)

    Director

    • Tenure: 0.9yrs
    • Compensation: US$102.93k

Company Information

Banc of California, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Banc of California, Inc.
  • Ticker: BANC.PRE
  • Exchange: NYSE
  • Founded: 1941
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$763.201m
  • Shares outstanding: 50.88m
  • Website: https://www.bancofcal.com

Number of Employees


Location

  • Banc of California, Inc.
  • 3 MacArthur Place
  • Santa Ana
  • California
  • 92707
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BANCNYSE (New York Stock Exchange)YesCommon StockUSUSDAug 2002
FPBDB (Deutsche Boerse AG)YesCommon StockDEEURAug 2002
BANC.PRDNYSE (New York Stock Exchange)DEP SHS SER-DUSUSDApr 2015
BANC.PRENYSE (New York Stock Exchange)DEP SHS REPSTGUSUSDFeb 2016

Biography

Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company offers deposit produ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 00:31
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.