Banc of California
Market Cap
US$725.6m
Last Updated
2019/10/14 01:35 UTC
Data Sources
Company Financials +
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
2.5%
BANC
1.4%
US Banks
1.0%
US Market
1 Year Return
-21.9%
BANC
0.2%
US Banks
6.7%
US Market
Return vs Industry: BANC underperformed the US Banks industry which returned 0.2% over the past year.
Return vs Market: BANC underperformed the US Market which returned 6.7% over the past year.
Share holder returns
| BANC | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.5% | 1.4% | 1.0% |
| 30 Day | -3.0% | -2.6% | -1.8% |
| 90 Day | 3.3% | 0.8% | -1.8% |
| 1 Year | -19.8%-21.9% | 3.1%0.2% | 9.1%6.7% |
| 3 Year | -2.7%-10.1% | 52.0%41.5% | 46.1%36.6% |
| 5 Year | 44.9%25.1% | 69.7%51.2% | 66.9%48.6% |
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
15 hours ago | Simply Wall St
If You Had Bought Banc of California (NYSE:BANC) Shares Five Years Ago You'd Have Made 25%2 weeks ago | Simply Wall St
Is Banc of California, Inc. (NYSE:BANC) Potentially Undervalued?1 month ago | Simply Wall St
Why You Should Leave Banc of California, Inc. (NYSE:BANC)'s Upcoming Dividend On The ShelfValuation
Is Banc of California undervalued based on future cash flows and its price relative to the stock market?
30.4x
Price to Earnings (PE) ratio
Intrinsic Value Based on Future Cash Flows
Undervalued: BANC ($14.26) is trading above our estimate of fair value ($4.42)
Significantly Undervalued: BANC is trading above our estimate of fair value.
Price Based on Earnings
PE vs Industry: BANC is poor value based on its PE Ratio (30.4x) compared to the Banks industry average (12.5x).
PE vs Market: BANC is poor value based on its PE Ratio (30.4x) compared to the US market (17.5x).
Price Based on Expected Growth
Low PEG Ratio: BANC is good value based on its PEG Ratio (0.4x)
Price Based on Value of Assets
PB vs Industry: BANC is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Banc of California expected to perform in the next 1 to 3 years based on estimates from 6 analysts?
84.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Earnings vs Savings Rate: BANC's forecast earnings growth (84.1% per year) is above the savings rate (2.7%).
Earnings vs Market: BANC's earnings (84.1% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BANC's revenue (2.5% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: BANC's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Estimates
Future Return on Equity
High Future ROE: Insufficient data to determine if BANC's Return on Equity is forecast to be high in 3 years time
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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
Earnings Trend: BANC's earnings have declined by -1.3% per year over the past 5 years.
Accelerating Growth: BANC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BANC had negative earnings growth (-16.5%) over the past year, making it difficult to compare to the Banks industry average (31.8%).
Return on Equity
High ROE: BANC's Return on Equity (4.7%) is considered low.
Return on Assets
ROA vs Industry: BANC's Return on Assets is below or equal to the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate BANC's Return on Capital Employed to determine if it has improved over the past 3 years.
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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
Inventory Level: BANC has a low level of unsold assets or inventory.
Debt Coverage by Assets: BANC's debt is not covered by short term assets (assets are 0.5x debt).
Financial Institutions Analysis
Asset Level: BANC's level of assets compared to its equity is low.
Allowance for Bad Loans: BANC has a sufficient allowance for bad loans.
Low Risk Liabilities: BANC's liabilities are made up of primarily low risk sources of funding.
Loan Level: BANC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BANC's loans are broadly funded by customer deposits.
Level of Bad Loans: BANC has an appropriate level of bad loans (0.43%)
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Dividend
What is Banc of California's current dividend yield, its reliability and sustainability?
1.96%
Expected Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Dividend Yield and Payments Analysis
Notable Dividend: BANC's dividend (1.68%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: BANC's dividend (1.68%) is low compared to the top 25% of dividend payers in the US market (3.77%).
Stable Dividend: BANC's dividend payments have been volatile in the past 10 years.
Growing Dividend: BANC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (95.9%), BANC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
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?
1.5yrs
Average management tenure
CEO
Jared Wolff (49yo)
0.6yrs
Tenure
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
1.5yrs
Average Tenure
50yo
Average Age
Experienced Management: BANC's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Age and Tenure
2.7yrs
Average Tenure
60.5yo
Average Age
Experienced Board: BANC's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$15.61 |
| Entity | Individual |
| Shares | 4,600 |
| Max Price | US$16.50 |
Ownership Breakdown
Management Team
Jared Wolff (49yo)
President
- Tenure: 0.6yrs
John Bogler (53yo)
Executive VP & CFO
- Tenure: 2.1yrs
- Compensation: US$1.09m
Lynn Sullivan (50yo)
Executive VP
- Tenure: 0.4yrs
Kris Gagnon (67yo)
Executive VP & Chief Credit Officer
- Tenure: 1.7yrs
- Compensation: US$903.25k
Diane Summers
- Tenure: 1.7yrs
Doug Rosenthal
Senior VP & Relationship Manager
- Tenure: 1.5yrs
Jay Sanders
President of Private & Specialty Banking
- Tenure: 3yrs
Joubin Rahimi
Senior Vice President of Private Banking
- Tenure: 1.6yrs
Jim Hazboun
Executive VP & Chief Human Resources Officer
- Tenure: 1.4yrs
Ido Dotan (39yo)
Executive VP
- Tenure: 0.4yrs
Board Members
Bonnie Hill (78yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: US$190.00k
Walter Wycoff (61yo)
Independent Director
- Tenure: 2.7yrs
- Compensation: US$199.39k
Bob Sznewajs (72yo)
Independent Chairman of the Board
- Tenure: 2.8yrs
- Compensation: US$291.97k
Jonah Schnel (46yo)
Independent Director
- Tenure: 6.5yrs
- Compensation: US$212.84k
Rich Lashley (60yo)
Independent Director
- Tenure: 2.7yrs
- Compensation: US$210.00k
Jared Wolff (49yo)
President
- Tenure: 0.6yrs
Mary Curran (62yo)
Independent Director
- Tenure: 2.3yrs
- Compensation: US$197.51k
Marjorie Bowen (54yo)
Director Nominee
- Tenure: 0yrs
Halle Benett (52yo)
Independent Director
- Tenure: 6.8yrs
- Compensation: US$213.26k
Barbara Fallon-Walsh (66yo)
Independent Director
- Tenure: 1.1yrs
- 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
- Exchange: NYSE
- Founded: 1941
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$725.550m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BANC | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Aug 2002 |
| FPB | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Aug 2002 |
| BANC.PRD | NYSE (New York Stock Exchange) | DEP SHS SER-D | US | USD | Apr 2015 | |
| BANC.PRE | NYSE (New York Stock Exchange) | DEP SHS REPSTG | US | USD | Feb 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 01:35 |
| End of Day Share Price | 2019/10/11 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.