Banc of California Inc reports results for the quarter ended December 31 - Earnings Summary

Banc of California

23/01/2025 17:31

* Banc of California Inc  BANC.N  reported quarterly
adjusted
earnings of 28 cents​​ per share for the quarter ended December
31, lower than the same quarter last year, when the company
reported EPS of $1.49.  The mean expectation of ten analysts for
the quarter was for earnings of 23 cents per share. Wall Street
expected results to range from 22 cents to 26 cents per share.
    * Revenue rose 55.8% to $235.29 million from a year ago;
analysts
expected $246.81 million. 
    * Banc of California Inc's reported EPS for the quarter was
28
cents​.
    * The company reported quarterly net income of $46.97
million.
    * Banc of California Inc shares had risen by 3.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Banc of
California Inc is $20.00 
This summary was machine generated from LSEG data January 23 at
05:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.23           0.28           Beat
 Sep. 30 2024      0.10           0.25           Beat
 Jun. 30 2024      0.19           0.10           Missed
 Mar. 31 2024      0.22           0.19           Missed