BANC Stock Overview
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.
Banc of California Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$18.44|
|52 Week High||US$22.09|
|52 Week Low||US$15.40|
|1 Month Change||-1.92%|
|3 Month Change||-4.01%|
|1 Year Change||6.16%|
|3 Year Change||35.09%|
|5 Year Change||-9.16%|
|Change since IPO||29.59%|
Recent News & Updates
Banc of California (NYSE:BANC) Is Due To Pay A Dividend Of US$0.06
Banc of California, Inc. ( NYSE:BANC ) has announced that it will pay a dividend of US$0.06 per share on the 1st of...
|BANC||US Banks||US Market|
Return vs Industry: BANC exceeded the US Banks industry which returned -15.5% over the past year.
Return vs Market: BANC exceeded the US Market which returned -13.2% over the past year.
|BANC Average Weekly Movement||5.0%|
|Banks Industry Average Movement||3.9%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: BANC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BANC's weekly volatility (5%) has been stable over the past year.
About the Company
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 products, including checking, savings, money market, retirement, and interest-bearing and noninterest-bearing demand accounts, as well as certificate of deposits. It also provides various commercial and consumer loan products, such as commercial and industrial loans; commercial real estate and multifamily loans; construction loans; single family residential mortgage loans; warehouse and indirect/direct leveraged lending; home equity lines of credit; small business administration loans; and other consumer loans.
Banc of California Fundamentals Summary
|BANC fundamental statistics|
Is BANC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BANC income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.40|
|Net Profit Margin||26.90%|
How did BANC perform over the long term?See historical performance and comparison
1.3%Current Dividend Yield
Does BANC pay a reliable dividends?See BANC dividend history and benchmarks
|Banc of California dividend dates|
|Ex Dividend Date||Jun 14 2022|
|Dividend Pay Date||Jul 01 2022|
|Days until Ex dividend||18 days|
|Days until Dividend pay date||35 days|
Does BANC pay a reliable dividends?See BANC dividend history and benchmarks
Is Banc of California undervalued compared to its fair value and its price relative to the market?
Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BANC ($18.44) is trading below our estimate of fair value ($40.61)
Significantly Below Fair Value: BANC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BANC is poor value based on its Price-To-Earnings Ratio (13.2x) compared to the US Banks industry average (9.7x).
PE vs Market: BANC is good value based on its Price-To-Earnings Ratio (13.2x) compared to the US market (14.9x).
Price to Earnings Growth Ratio
PEG Ratio: BANC is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: BANC's Price-To-Book Ratio (1.2x) is in line with the US Banks industry average.
How is Banc of California forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BANC's forecast earnings growth (4.5% per year) is above the savings rate (1.9%).
Earnings vs Market: BANC's earnings (4.5% per year) are forecast to grow slower than the US market (12.1% per year).
High Growth Earnings: BANC's earnings are forecast to grow, but not significantly.
Revenue vs Market: BANC's revenue (9.4% per year) is forecast to grow faster than the US market (7.7% per year).
High Growth Revenue: BANC's revenue (9.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BANC's Return on Equity is forecast to be low in 3 years time (11.3%).
How has Banc of California performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BANC has high quality earnings.
Growing Profit Margin: BANC's current net profit margins (26.9%) are higher than last year (7%).
Past Earnings Growth Analysis
Earnings Trend: BANC's earnings have grown by 0.3% per year over the past 5 years.
Accelerating Growth: BANC's earnings growth over the past year (424.4%) exceeds its 5-year average (0.3% per year).
Earnings vs Industry: BANC earnings growth over the past year (424.4%) exceeded the Banks industry 20.8%.
Return on Equity
High ROE: BANC's Return on Equity (9.9%) is considered low.
How is Banc of California's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: BANC's Assets to Equity ratio (9.8x) is low.
Allowance for Bad Loans: BANC has a sufficient allowance for bad loans (171%).
Low Risk Liabilities: 87% of BANC's liabilities are made up of primarily low risk sources of funding.
Loan Level: BANC has an appropriate level of Loans to Assets ratio (77%).
Low Risk Deposits: BANC's Loans to Deposits ratio (98%) is appropriate.
Level of Bad Loans: BANC has an appropriate level of bad loans (0.7%).
What is Banc of California current dividend yield, its reliability and sustainability?
Dividend Score 1/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BANC's dividend (1.3%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: BANC's dividend (1.3%) is low compared to the top 25% of dividend payers in the US market (4.06%).
Stability and Growth of Payments
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
Earnings Coverage: With its low payout ratio (15.6%), BANC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jared Wolff (51 yo)
Mr. Jared M. Wolff is President and Chief Executive Officer of Banc of California, Inc. and director since March 18, 2019 and joined it in 2019. Mr. Wolff also serves as Chairman of the Board of Banc of Ca...
CEO Compensation Analysis
Compensation vs Market: Jared's total compensation ($USD2.70M) is below average for companies of similar size in the US market ($USD3.95M).
Compensation vs Earnings: Jared's compensation has increased by more than 20% in the past year.
Experienced Management: BANC's management team is considered experienced (3 years average tenure).
Experienced Board: BANC's board of directors are considered experienced (3.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.2%.
Banc of California, Inc.'s employee growth, exchange listings and data sources
- Name: Banc of California, Inc.
- Ticker: BANC
- Exchange: NYSE
- Founded: 1941
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$1.132b
- Shares outstanding: 61.39m
- Website: https://bancofcal.com
Number of Employees
- Banc of California, Inc.
- 3 MacArthur Place
- Santa Ana
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/05/25 00:00|
|End of Day Share Price||2022/05/25 00:00|
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.