Inactive Instrument

Banc of California, Inc. Nasdaq

PACW

US6952631033

PacWest: Q4 Earnings Snapshot

January 20, 2022 at 03:47 am IST

BEVERLY HILLS, Calif. (AP) _ PacWest Bancorp (PACW) on Wednesday reported fourth-quarter earnings of $136 million.

The Beverly Hills, California-based bank said it had earnings of $1.14 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The holding company for Pacific Western Bank posted revenue of $372.2 million in the period. Its revenue net of interest expense was $357.8 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $344.9 million.

For the year, the company reported profit of $607 million, or $5.10 per share. Revenue was reported as $1.3 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PACW at https://www.zacks.com/ap/PACW

Latest news about Banc of California, Inc.

RBB Bancorp Appoints Diana Hanson as Chief Accounting Officer	26/06	MT
Banc of California Keeps Quarterly Dividend at $0.10 a Share, Payable July 1 to Holders of Record June 14	14/05	MT
Banc of California, Inc. Declares Quarterly Cash Dividend on Outstanding Common Stock, Payable on July 1, 2024	14/05	CI
Piper Sandler Adjusts Price Target on Banc of California to $19 From $20, Maintains Overweight Rating	13/05	MT
Truist Trims Price Target on Banc of California to $15 From $16, Keeps Hold Rating	25/04	MT
Barclays Adjusts Banc of California Price Target to $15 From $16, Maintains Equal Weight Rating	24/04	MT
Wedbush Trims Price Target on Banc of California to $15 From $16, Keeps Neutral Rating	24/04	MT
Transcript : Banc of California, Inc., Q1 2024 Earnings Call, Apr 23, 2024	23/04
Banc of California's Q1 Adjusted Earnings, Revenue Decline --Shares Advance Pre-Bell	23/04	MT
Earnings Flash (BANC) BANC OF CALIFORNIA Reports Q1 Revenue $273M, vs. Street Est of $291.6M	23/04	MT
Earnings Flash (BANC) BANC OF CALIFORNIA Posts Q1 EPS $0.19, vs. Street Est of $0.25	23/04	MT
Banc of California, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	23/04	CI
Banc of California, Inc. Reports Net Charge Off for the First Quarter Ended March 31, 2024	23/04	CI
North American Morning Briefing : Tech in Focus on -2-	25/03	DJ
Keefe, Bruyette & Woods Upgrades Banc of California to Outperform From Market Perform, Adjusts Price Target to $18 From $16	22/03	MT
Banc of California, Inc.(NYSE:BANC) added to S&P Banks Select Industry Index	18/03	CI
Barclays Initiates Banc of California With Equalweight Rating, Price Target is $16	08/03	MT
Banc Of California Insider Bought Shares Worth $430,662, According to a Recent SEC Filing	02/03	MT
Banc of California, Inc. Appoints Michael David as Executive Vice President for Technology Banking-West	26/02	CI
Banc of California Keeps Quarterly Cash Dividend at $0.10 a Share, Payable April 1 to Holders of Record as of March 15	09/02	MT
Banc of California, Inc. Declares Quarterly Cash Dividend on Outstanding Common Stock, Payable on April 1, 2024	09/02	CI
Truist Securities Raises Banc of California Price Target to $16 From $13, Maintains Hold Rating	30/01	MT
Wedbush Raises Banc of California's PT to $16 From $14, Notes 'Messy' Q4 2023 Results But 'Solid' Full-Year 2024 Guidance; Keeps Neutral Rating	26/01	MT
Transcript : Banc of California, Inc., Q4 2023 Earnings Call, Jan 25, 2024	25/01
Banc of California Reports Q4 Loss, No Revenue	25/01	MT

Chart Banc of California, Inc.

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Company Profile

Banc of California, Inc. is a bank holding company for its subsidiary, Banc of California (the Bank), a California state-chartered bank. 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.

Sector

Banks

Calendar

25/07/2024 - Q2 2024 Earnings Release (Projected)

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Russell 2000

More about the company

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