Latest news with #BancofCalifornia
Globe and Mail
03-07-2025
- Business
- Globe and Mail
Banc of California Announces Schedule of Second Quarter 2025 Earnings Release and Conference Call
Banc of California, Inc. (the 'Company') (NYSE: BANC) today announced it will release 2025 second quarter financial results after market close on Wednesday, July 23, 2025. The Company will host a conference call to discuss its second quarter results the following day on Thursday, July 24, 2025 at 10:00 a.m. Pacific Time (PT). Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 7565369. A link to the live audio webcast and the slide presentation for the call will be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's investor relations website within 24 hours after the end of the call. About Banc of California, Inc. Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $33 billion in assets and the parent company of Banc of California. Banc of California is one of the nation's premier relationship-based business banks, providing banking and treasury management services to small-, middle-market, and venture-backed businesses. Banc of California is the largest independent bank headquartered in Los Angeles and the third largest bank headquartered in California and offers a broad range of loan and deposit products and services through 80 full-service branches located throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The bank also provides full-stack payment processing solutions through its subsidiary, Deepstack Technologies, and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The bank is committed to its local communities through the Banc of California Charitable Foundation, and by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more. Member FDIC. For more information, please visit us at
Yahoo
03-07-2025
- Business
- Yahoo
Banc of California Announces Schedule of Second Quarter 2025 Earnings Release and Conference Call
LOS ANGELES, July 03, 2025--(BUSINESS WIRE)--Banc of California, Inc. (the "Company") (NYSE: BANC) today announced it will release 2025 second quarter financial results after market close on Wednesday, July 23, 2025. The Company will host a conference call to discuss its second quarter results the following day on Thursday, July 24, 2025 at 10:00 a.m. Pacific Time (PT). Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 7565369. A link to the live audio webcast and the slide presentation for the call will be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's investor relations website within 24 hours after the end of the call. About Banc of California, Inc. Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $33 billion in assets and the parent company of Banc of California. Banc of California is one of the nation's premier relationship-based business banks, providing banking and treasury management services to small-, middle-market, and venture-backed businesses. Banc of California is the largest independent bank headquartered in Los Angeles and the third largest bank headquartered in California and offers a broad range of loan and deposit products and services through 80 full-service branches located throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The bank also provides full-stack payment processing solutions through its subsidiary, Deepstack Technologies, and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The bank is committed to its local communities through the Banc of California Charitable Foundation, and by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more. Member FDIC. For more information, please visit us at View source version on Contacts Investor Relations Inquiries: Banc of California, Inc.(855) 361-2262Jared Wolff, (310) 424-1230Joe Kauder, (310) 844-5224Ann DeVries, (646) 376-7011 Media Contact: Debora Vrana, Banc of California(213) Error in retrieving data Sign in to access your portfolio Error in retrieving data
Business Wire
03-07-2025
- Business
- Business Wire
Banc of California Announces Schedule of Second Quarter 2025 Earnings Release and Conference Call
LOS ANGELES--(BUSINESS WIRE)-- Banc of California, Inc. (the 'Company') (NYSE: BANC) today announced it will release 2025 second quarter financial results after market close on Wednesday, July 23, 2025. The Company will host a conference call to discuss its second quarter results the following day on Thursday, July 24, 2025 at 10:00 a.m. Pacific Time (PT). Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 7565369. A link to the live audio webcast and the slide presentation for the call will be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's investor relations website within 24 hours after the end of the call. About Banc of California, Inc. Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $33 billion in assets and the parent company of Banc of California. Banc of California is one of the nation's premier relationship-based business banks, providing banking and treasury management services to small-, middle-market, and venture-backed businesses. Banc of California is the largest independent bank headquartered in Los Angeles and the third largest bank headquartered in California and offers a broad range of loan and deposit products and services through 80 full-service branches located throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The bank also provides full-stack payment processing solutions through its subsidiary, Deepstack Technologies, and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The bank is committed to its local communities through the Banc of California Charitable Foundation, and by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more. Member FDIC. For more information, please visit us at
Yahoo
19-05-2025
- Business
- Yahoo
Patriot National gets serious about private banking
Two months after shepherding a $58 million private placement to completion, Patriot National Bancorp CEO Steven Sugarman is remaking the Connecticut bank's board and management team. Patriot, which has $957 million of assets, announced a number of new director and executive appointments on Monday. Most prominently, Private Bank of California founder Richard Smith is joining the board, and Nicole Wells, who previously served as head strategic retail operations at Santander Bank, will serve as senior vice president and head of operations. Several of the incoming faces are familiar to Sugarman from his earlier stints at Banc of California and The Change Company. They'll assist in implementing a new strategy for Stamford, Connecticut-based Patriot, focusing on the high-net-worth segment. "Their collective expertise and vision will advance Patriot's mission to empower our clients while delivering exceptional value to our shareholders," Sugarman said in a press release. Sugarman, 50, joined Patriot as president in January. He was appointed CEO April 30. He is tasked with turning around an underperforming bank that's reported heavy losses in recent years — $4.5 million in 2023, $39.9 million in 2024, followed by $2.8 million in the first quarter of 2025. The Office of the Comptroller of the Currency classified Patriot as being "in troubled condition" in January. While the fiscal red ink ate away at Patriot's capital position, the private placement announced in March gave the company renewed room to maneuver, boosting its common equity tier 1 capital ratio to 13.62% at March 31, up from 7.58% three months earlier. An emphasis on high-net-worth clients jibes with Patriot's geographic footprint. It operates branches in the Fairfield, Connecticut, region and in Westchester County, New York — both among the wealthiest communities in America, with median household incomes well above $115,000. Fairfield and Westchester border each other and have a combined $321 billion of deposits, according to Federal Deposit Insurance Corp. statistics. Patriot holds a 0.19% market share. In other appointments announced Monday, Patriot tabbed Paul Simmons as chief credit officer. Rebecca Mais will serve as president for high-net-worth and specialty deposits, and Raquel Gillett joined the company as vice president for digital automation and risk analytics. Mais comes to Patriot from Change Home Mortgage. Simmons was chief credit officer at the $3.5 billion-asset SunWest Bank in Sandy, Utah. Before joining SunWest in 2020, Simmons was chief credit officer at Silvergate Bank and Banc of California. "I am excited to be a part of this high-performing executive team … and to contribute to Patriot Bank's turnaround," Simmons said in the press release. Smith is currently a director at the $2.4 billion-asset CalPrivate Bank in La Jolla. In 2005, he founded another Golden State bank, Private Bank of California, and led it until its 2012 sale to Banc of California. "Patriot Bank's commitment to serving high net worth clients and their advisors aligns with my passion for fostering strong client relationships," Smith said in the press release. Patriot also appointed Change Company executives Jeff Seabold and Thedora Nickel as directors. Sugarman founded the Anaheim, California-based Change Company, a community development financial institution, in 2017. He served as CEO at Banc of California from 2013 to 2017. Patriot had not responded to American Banker's request for comment at deadline. Sign in to access your portfolio
Yahoo
27-04-2025
- Business
- Yahoo
Results: Banc of California, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
As you might know, Banc of California, Inc. (NYSE:BANC) recently reported its quarterly numbers. The result was positive overall - although revenues of US$266m were in line with what the analysts predicted, Banc of California surprised by delivering a statutory profit of US$0.26 per share, modestly greater than expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. We check all companies for important risks. See what we found for Banc of California in our free report. Following the latest results, Banc of California's eight analysts are now forecasting revenues of US$1.14b in 2025. This would be a decent 18% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to bounce 86% to US$1.23. In the lead-up to this report, the analysts had been modelling revenues of US$1.15b and earnings per share (EPS) of US$1.22 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. Check out our latest analysis for Banc of California It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$17.36. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Banc of California, with the most bullish analyst valuing it at US$20.00 and the most bearish at US$15.00 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects. Of course, another way to look at these forecasts is to place them into context against the industry itself. For example, we noticed that Banc of California's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 24% growth to the end of 2025 on an annualised basis. That is well above its historical decline of 10% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 7.1% per year. Not only are Banc of California's revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry. The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at US$17.36, with the latest estimates not enough to have an impact on their price targets. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Banc of California going out to 2027, and you can see them free on our platform here.. You can also see whether Banc of California is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
