Banc of California, Inc. (NYSE:BANC ) Q3 2025 Earnings Call October 23, 2025 1:00 PM EDT Company Participants Ann DeVries - Senior VP of Strategic Finance & Head of Investor Relations Jared Wolff - Chairman of the Board,President & CEO Joseph Kauder - Executive VP & CFO Conference Call Participants Jared David Shaw - Barclays Bank PLC, Research Division Timur Braziler - Wells Fargo Securities, LLC, Research Division Matthew Clark - Piper Sandler & Co., Research Division David Feaster - Raymond James & Associates, Inc., Research Division Christopher McGratty - Keefe, Bruyette, & Woods, Inc., Research Division Andrew Terrell - Stephens Inc., Research Division Gary Tenner - D.A. Davidson & Co., Research Division Anthony Elian - JPMorgan Chase & Co, Research Division Timothy Coffey - Janney Montgomery Scott LLC, Research Division Presentation Operator Hello, and welcome to Banc of California's Third Quarter Earnings Conference Call.
The headline numbers for Banc of California (BANC) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Banc of California (BANC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Anton Schutz, Mendon Capital Advisors president and CIO, joins 'Power Lunch' to discuss Schutz' thoughts on bank stocks.
Banc of California, Inc. (NYSE:BANC ) Barclays 23rd Annual Global Financial Services Conference September 9, 2025 10:30 AM EDT Company Participants Jared Wolff - Chairman of the Board,President & CEO Conference Call Participants Jared David Shaw - Barclays Bank PLC, Research Division Presentation Jared David Shaw MD & Senior Equity Research Analyst Thanks, everybody. We'll get started.
Banc of California's preferred dividends are well covered, despite a high payout ratio due to a one-off loan loss provision. The Series F preferred shares offer a 7.75% fixed yield, with a potential reset in 2027 based on the five-year Treasury rate plus 482 bps. Loan book quality appears stable, with most past-due loans secured by real estate and a conservative 60% average LTV on CRE loans.
Banc of California, Inc. (NYSE:BANC ) Q2 2025 Earnings Conference Call July 24, 2025 1:00 PM ET Company Participants Ann Park DeVries - Senior VP of Strategic Finance & Head of Investor Relations Jared M. Wolff - Chairman of the Board,President & CEO Joseph Kauder - Executive VP & CFO Conference Call Participants Benjamin Tyson Gerlinger - Citigroup Inc., Research Division Christopher Edward McGratty - Keefe, Bruyette, & Woods, Inc., Research Division David Pipkin Feaster - Raymond James & Associates, Inc., Research Division Gary Peter Tenner - D.A.
Banc of California (BANC) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.1 per share a year ago.
I am downgrading Banc of California to 'hold' due to underperformance, high valuation, and mediocre asset quality despite post-merger improvements. While recent earnings and net interest margin have improved, the price-to-earnings ratio remains too high for my comfort compared to peers. Asset quality and profitability metrics lag behind industry targets, with return on assets and equity below my preferred thresholds.
Banc of California (BANC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors need to pay close attention to Banc of California (BANC) stock based on the movements in the options market lately.
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