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what it is
It takes deposits, makes loans, and sells payment services to California businesses.
how it gets paid
Last year Banc Of California made $39M in revenue. Commercial banking was the main engine at $15M, or 38% of sales.
why it's growing
Revenue grew 4.2% last year. Revenue of $29M mattered most because a 200% jump against a $39M annual base says the bank still moves in big steps.
what just happened
Revenue hit $29M, and EPS reached $0.75.
At a glance
B balance sheet — gets the job done, barely
5/100 earnings predictability — expect surprises
20.0x trailing p/e — priced about right
2.9% dividend yield — cash in your pocket every quarter
$0.52 fy2024 eps est
xvary composite: 58/100 — below average
What they do
It takes deposits, makes loans, and sells payment services to California businesses.
You are not buying a national bank. You are buying 90+ branches and $34.2B of assets tied to local relationships. It focuses on small-, middle-market, and venture-backed businesses, so your money rides on borrowers that need a banker, not a chatbot.
How they make money
$39M
annual revenue · their business grew +4.2% last year
Commercial banking
$15M
Retail banking
$12M
Mortgage banking
$6M
Treasury management
$4M
Payment processing
$2M
The products that matter
commercial lending engine
Commercial & Business Banking
$2.7B quarterly production · 6.83% average rate
this is the core machine. it generated $2.7B in new loan production last quarter at a 6.83% average rate, feeding the $25.2B loan book.
core earnings driver
deposit funding base
Deposit Accounts
supports $25.2B in loans
deposits fund the lending book. if deposit costs rise faster than loan yields, the bank's 10–12% net interest income target gets harder fast.
margin watch
fees and banking services
Non-Interest Income
$181.2M · 17% of revenue
this piece grew 76% and gives the bank something besides spread income. useful diversification, but still small next to the $868.8M interest business.
small but growing
Key numbers
5
earnings predictability
You are buying a bank with the weakest consistency bucket. That means profits can lurch from year to year.
$2.3B
long-term debt
Debt equals 48% of capital, so the balance sheet is not wearing a tuxedo and pearls.
2.9%
dividend yield
You get paid 2.9% to wait, which is modest for a bank with a 1.35 beta.
20.0x
trailing p/e
You pay 20 times trailing earnings for a lender with a rough earnings record.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 2 — safer than 80% of stocks
- price stability 45 / 100
- long-term debt $2.3B (48% of capital)
B — risk rank looks solid but long-term debt needs watching.
Total return vs. market
Return history isn't available for BANC right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $29M, and EPS reached $0.75.
Revenue rose 200% vs. prior year, and EPS climbed 97%. The annual revenue line still only shows $39M, so the base is small.
$29M
revenue
$0.75
eps
200%
revenue vs. last year
the number that mattered
Revenue of $29M mattered most because a 200% jump against a $39M annual base says the bank still moves in big steps.
source: company earnings report, 2026
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What could go wrong
the top risk here is net interest income missing management's 10–12% growth target.
high
net interest income disappointment
$868.8M of revenue comes from net interest income. if deposit costs stay high or loan yields slip, the 10–12% 2026 target starts looking optimistic.
because interest income is 83% of revenue, a miss here hits the whole model.
high
shareholder class action lawsuit
a pending shareholder class action alleging securities law violations adds legal and reputational risk on top of the operating story.
we do not have settlement figures in the current data, so the size is unknown. the uncertainty is the point.
med
no moat in a commodity business
the competitive score is 15 out of 100. regional banking usually comes down to pricing, funding, and credit discipline, not brand magic.
that means you are relying on execution and the rate backdrop, not a structural edge.
med
balance sheet leverage
long-term debt is $2.3B, or 48% of capital. that is manageable until funding markets or credit conditions get less friendly.
a B balance sheet leaves less room for error than the best-capitalized banks.
the combined risk picture is simple: 83% of revenue depends on spread income, and the bank does not have a moat to cushion a miss.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
q1 2026 earnings report
scheduled for april 16, 2026. analysts expect EPS of $0.37 and revenue of $290.5M.
guidance
2026 net interest income target
management is guiding for 10–12% growth. if that starts slipping, the whole thesis gets thinner.
loan growth
new production pace
last quarter produced $2.7B of new loans at a 6.83% average rate. you want to see volume hold without yield giving way.
legal
class action developments
the lawsuit is not the core business story, but it can still become an expensive distraction if filings turn worse.
Analyst rankings
earnings predictability
5 / 100
in human-speak, analysts do not trust this bank to deliver smooth quarters. expect revisions, misses, and noisy comparisons.
source: institutional data
Institutional activity
institutional ownership data for BANC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$21
current price
n/a
target midpoint · n/a from current
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