Brief: Banc of California Q2 Adjusted EPS USD 0.31 Vs. IBES Estimate USD 0.26

Banc of California

23/07/2025 21:15

Overview

Banc of California Q2 adjusted EPS of $0.31 beats analyst expectations

Company reports 9% annualized loan growth, driven by lender and fund finance

Credit quality metrics improved due to strategic loan sales and transfers

Outlook

Company expects durable, profitable growth through strong market position and efficiency

Banc of California anticipates continued robust loan origination pipeline

Company confident in driving long-term shareholder value

Result Drivers

LOAN GROWTH - 9% annualized loan growth driven by lender finance, fund finance, and purchased single-family residential loans

NET INTEREST INCOME - Increase due to higher average yield on loans and leases, with flat cost of funds

CREDIT QUALITY - Improved metrics due to strategic loan sales and transfers, reducing nonperforming and classified loans

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$0.31
$0.26 (11 Analysts)
Q2 EPS
$0.12
Q2 Adjusted Net Income
$48.40 mln
Q2 Net Income
$28.38 mln
Q2 Net Interest Income
$240.22 mln
Q2 Credit Loss Provision
$39.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "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 $17.50, about 13.9% above its July 22 closing price of $15.07

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

Press Release: ID:nBw79YNsLa

(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.)