Banc Of California, Inc. - Understand $banc stock

$BANC Market Cap: $2.881 Billion

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Financial Snapshot

Revenue

$1.904B

TTM

Gross Margin

Net Earnings

-$445.5M

TTM

Current Assets

Current Liabilities

$574.2M

Q3 2024

Current Ratio

Total Assets

$33.43B

Q3 2024

Total Liabilities

$29.94B

Q3 2024

Book Value

$3.496B

Q3 2024

Cash

$2.554B

Q3 2024

P/E

-6.468

Nov 29, 2024 EST

Free Cash Flow

$23.11M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Revenue	$1.523B	$9.058M	$291.7M	$290.6M	$391.1M	$422.8M	$389.2M	$369.8M	$253.8M	$188.1M	$120.5M	$55.03M	$35.18M	$40.94M
YoY Change	16710.72%	-96.89%	0.36%	-25.7%	-7.49%	8.63%	5.23%	45.72%	34.9%	56.12%	118.99%	56.44%	-14.09%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$1.523B	$9.058M	$291.7M	$290.6M	$391.1M	$422.8M	$389.2M	$369.8M	$253.8M	$188.1M	$120.5M	$55.03M	$35.18M	$40.94M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$12.60M	$15.35M	$19.28M	$16.30M	$16.43M	$10.88M	$12.43M	$11.68M	$9.154M	$6.834M	$4.300M	$1.700M	$650.0K	$390.0K	$400.0K	$400.0K	$500.0K	$500.0K	$500.0K	$500.0K	$400.0K	$500.0K	$400.0K	$500.0K
YoY Change	-17.89%	-20.4%	18.28%	-0.79%	51.01%	-12.45%	6.38%	27.59%	33.95%	58.93%	152.94%	161.54%	66.67%	-2.5%	0.0%	-20.0%	0.0%	0.0%	0.0%	25.0%	-20.0%	25.0%	-20.0%	0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$1.224B	$58.41M	$37.88M	$66.01M	$142.9M	$136.7M	$85.00M	$59.50M	$42.62M	$32.86M	$23.28M	$8.479M	$6.037M	$10.79M
YoY Change	1995.42%	54.19%	-42.62%	-53.82%	4.56%	60.85%	42.86%	39.6%	29.7%	41.15%	174.58%	40.45%	-44.04%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Pretax Income	-$2.211B	$168.9M	$82.62M	$14.36M	$27.98M	$46.99M	$26.89M	$100.5M	$69.17M	$26.47M	$7.908M	$6.111M	-$3.024M	$3.861M	-$2.700M	-$2.000M	$3.600M	$7.200M	$7.400M	$9.000M	$7.100M	$4.600M	$3.600M	$2.000M
YoY Change	-1409.38%	104.41%	475.36%	-48.67%	-40.46%	74.73%	-73.24%	45.29%	161.34%	234.67%	29.41%	-302.08%	-178.32%	-243.0%	35.0%	-155.56%	-50.0%	-2.7%	-17.78%	26.76%	54.35%	27.78%	80.0%	-28.57%
Income Tax	-$312.2M	$47.95M	$20.28M	$1.786M	$4.219M	$4.844M	-$26.58M	$13.75M	$28.05M	-$3.739M	$7.992M	$115.0K	-$296.0K	$1.036M	-$1.700M	-$1.500M	$600.0K	$2.500M	$2.600M	$3.900M	$3.000M	$2.000M	$1.500M	$300.0K
% Of Pretax Income		28.39%	24.54%	12.44%	15.08%	10.31%	-98.84%	13.68%	40.55%	-14.13%	101.06%	1.88%		26.83%			16.67%	34.72%	35.14%	43.33%	42.25%	43.48%	41.67%	15.0%
Net Earnings	-$1.939B	$115.8M	$62.35M	$12.57M	$23.76M	$45.47M	$57.71M	$115.4M	$62.07M	$30.21M	-$84.00K	$5.996M	-$2.728M	$2.825M	-$1.000M	-$500.0K	$3.000M	$4.700M	$4.800M	$5.100M	$4.100M	$2.600M	$2.100M	$1.700M
YoY Change	-1774.78%	85.69%	395.83%	-47.08%	-47.75%	-21.2%	-50.0%	85.94%	105.5%	-36058.33%	-101.4%	-319.79%	-196.57%	-382.5%	100.0%	-116.67%	-36.17%	-2.08%	-5.88%	24.39%	57.69%	23.81%	23.53%	-39.29%
Net Earnings / Revenue	-127.33%	1278.12%	21.38%	4.33%	6.07%	10.76%	14.83%	31.21%	24.46%	16.05%	-0.07%	10.9%	-7.76%	6.9%
Basic Earnings Per Share	-$22.71	$5.14	$7.76		$0.05	$0.45	$0.72	$1.97	$1.36	$0.91	-$0.15	$0.40	-$0.31	$0.37
Diluted Earnings Per Share	-$22.71	$1.892M	$1.169M	$251.0K	$0.05	$0.45	$0.71	$1.94	$1.34	$0.90	-$0.15	$0.40	-$0.31	$0.37	-$238.1K	-$119.0K	$714.3K	$1.119M	$1.143M	$1.159M	$854.2K	$530.6K	$396.2K	$320.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$491.1M	$107.3M	$148.0M	$141.0M	$151.0M	$129.0M	$136.0M	$144.0M	$112.0M	$79.00M	$66.00M	$16.00M	$11.00M	$6.000M	$4.000M	$4.000M	$5.000M	$5.000M	$5.000M	$5.000M	$5.000M	$5.000M	$4.000M	$4.000M
YoY Change	357.52%	-27.47%	4.96%	-6.62%	17.05%	-5.15%	-5.56%	28.57%	41.77%	19.7%	312.5%	45.45%	83.33%	50.0%	0.0%	-20.0%	0.0%	0.0%	0.0%	0.0%	0.0%	25.0%	0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments									$4.000M	$5.000M	$6.000M	$6.000M	$2.000M
YoY Change									-20.0%	-16.67%	0.0%	200.0%
Other Assets	$739.1M	$50.52M	$51.00M	$46.00M	$45.00M	$69.00M	$70.00M	$10.00M	$11.00M	$16.00M	$0.00	$8.000M	$8.000M
YoY Change	1363.06%	-0.95%	10.87%	2.22%	-34.78%	-1.43%	600.0%	-9.09%	-31.25%		-100.0%	0.0%
Total Long-Term Assets
YoY Change
Total Assets	$38.53B	$9.197B	$9.394B	$7.877B	$7.828B	$10.63B	$10.33B	$11.03B	$8.236B	$5.971B	$3.628B	$1.683B	$999.0M	$862.0M	$894.0M	$877.0M	$775.0M	$808.0M	$755.0M	$674.0M	$624.0M	$460.0M	$310.0M	$300.0M
YoY Change
Accounts Payable	$893.6M												$0.00
YoY Change
Accrued Expenses	$893.6M	$114.2M	$109.0M	$93.00M	$116.0M	$72.00M	$141.0M	$116.0M	$77.00M	$61.00M	$47.00M	$27.00M	$8.000M	$4.000M	$3.000M	$5.000M	$5.000M	$5.000M	$5.000M	$6.000M	$3.000M	$1.000M	$1.000M	$1.000M
YoY Change	682.34%	4.79%	17.2%	-19.83%	61.11%	-48.94%	21.55%	50.65%	26.23%	29.79%	74.07%	237.5%	100.0%	33.33%	-40.0%	0.0%	0.0%	0.0%	-16.67%	100.0%	200.0%	0.0%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt		$0.00	$29.00M	$6.000M	$6.000M	$3.000M	$6.000M	$76.00M	$10.00M	$8.000M	$5.000M	$3.000M
YoY Change		-100.0%	383.33%	0.0%	100.0%	-50.0%	-92.11%	660.0%	25.0%	60.0%	66.67%
Long-Term Debt Due				$0.00	$0.00	$0.00	$9.000M	$12.00M	$21.00M		$6.000M
YoY Change						-100.0%	-25.0%	-42.86%
Total Short-Term Liabilities	$893.6M	$114.2M	$109.0M	$93.00M	$116.0M	$72.00M	$150.0M	$128.0M	$99.00M	$61.00M	$53.00M	$27.00M	$8.000M	$4.000M	$3.000M	$5.000M	$5.000M	$5.000M	$5.000M	$6.000M	$3.000M	$1.000M	$1.000M	$1.000M
YoY Change	682.34%	4.79%	17.2%	-19.83%	61.11%	-52.0%	17.19%	29.29%	62.3%	15.09%	96.3%	237.5%	100.0%	33.33%	-40.0%	0.0%	0.0%	0.0%	-16.67%	100.0%	200.0%	0.0%	0.0%
Long-Term Debt	$3.848B	$274.9M	$274.0M	$256.0M	$173.0M	$173.0M	$164.0M	$163.0M	$241.0M	$94.00M	$76.00M	$82.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	1299.72%	0.33%	7.03%	47.98%	0.0%	5.49%	0.61%	-32.37%	156.38%	23.68%	-7.32%
Other Long-Term Liabilities					$4.000M	$0.00	$8.000M	$50.00M
YoY Change						-100.0%	-84.0%
Total Long-Term Liabilities	$3.848B	$274.9M	$274.0M	$256.0M	$177.0M	$173.0M	$172.0M	$213.0M	$241.0M	$94.00M	$76.00M	$82.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	1299.72%	0.33%	7.03%	44.63%	2.31%	0.58%	-19.25%	-11.62%	156.38%	23.68%	-7.32%
Total Liabilities	$35.14B	$8.237B	$8.328B	$6.980B	$6.921B	$9.685B	$9.316B	$10.05B	$7.583B	$5.468B	$3.303B	$1.494B	$815.0M	$726.0M	$796.0M	$778.0M	$691.0M	$727.0M	$677.0M	$595.0M	$539.0M	$371.0M	$281.0M	$274.0M
YoY Change	326.63%	-1.09%	19.31%	0.85%	-28.54%	3.96%	-7.3%	32.53%	38.68%	65.55%	121.08%	83.31%	12.26%	-8.79%	2.31%	12.59%	-4.95%	7.39%	13.78%	10.39%	45.28%	32.03%	2.55%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	85.39M shares	77.27M shares	76.92M shares	50.62M shares	50.62M shares	50.25M shares	46.83M shares	37.05M shares	28.04M shares	15.29M shares	11.70M shares	10.65B shares	5.108B shares
Diluted Shares Outstanding	85.39M shares	77.27M shares	76.92M shares	50.72M shares	50.85M shares	50.82M shares	47.64M shares	37.60M shares	28.25M shares	15.29M shares	11.71M shares	10.65B shares	5.108B shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.8813 Billion

About BANC OF CALIFORNIA, INC.

Banc of California, Inc. is a holding company engaged in the provision of commercial banking services. The company is headquartered in Santa Ana, California and currently employs 2,304 full-time employees. The company went IPO on 2002-08-23. The Bank provides a range of loan and deposit products and services through more than 90 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, and full-stack payment processing solutions through its subsidiary, Deepstack Technologies, LLC. The Bank also serves the Community Association Management Industry nationwide with its technology-forward platform SmartStreet. The Bank is organized into four business groups: Community Banking, Specialty Banking, Deposit Services, and Payment Solutions. Specialty Banking is focused on serving clients in niche verticals by industry, including homeowner associations, venture banking, SBA lending, mortgage warehouse lending, media and entertainment and equipment finance. Deposit Services provide valuable services to clients in the Community and Specialty Banking groups.

Industry: National Commercial Banks Peers: BROOKLINE BANCORP INC Customers Bancorp, Inc. First Foundation Inc. LAKELAND BANCORP INC NICOLET BANKSHARES INC Preferred Bank PNC FINANCIAL SERVICES GROUP, INC.