Banc of California's Q3 EPS jumps as NII grows

Banc of California

22/10/2025 21:26

Overview

Banc of California Q3 diluted EPS rises to $0.38 from $0.12 in Q2

Total revenue for Q3 grows over 5% driven by net interest income growth

Company repurchased 2.2 mln shares at $16.48 per share in Q3

Outlook

Company expects further earnings growth as it continues to remix the balance sheet

CEO sees a good pipeline for the fourth quarter

Company remains confident in disciplined approach for long-term growth

Result Drivers

NET INTEREST INCOME GROWTH - Driven by higher average yield on loans and lower cost of funds

LOAN PRODUCTION - $2.1 bln in loan production with a weighted average interest rate of 7.08%

CREDIT QUALITY - Stable credit metrics with 4% reduction in criticized loans and increased allowance for credit losses ratio

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.38
Q3 Net Income
$69.62 mln
Q3 Net Interest Income
$253.44 mln
Q3 Credit Loss Provision
$9.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Banc of California Inc is $20.00, about 16.1% above its October 21 closing price of $16.78

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw2Bp41va

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)