Banc of California (BANC) Tops Q2 EPS by 4c

Banc of California (NASDAQ: BANC) reported Q2 EPS of $0.32, $0.04 better than the analyst estimate of $0.28.

“Second quarter performance was highlighted by record net income as well as record loan originations of $1.9 billion,” said Steven Sugarman, President and Chief Executive Officer. “We are seeing continued progress realizing the financial returns from the investments we have made in our people, products and infrastructure over the past few years. We continue to remain optimistic about our position as California’s Bank and we are committed to realizing increasing returns for shareholders.”

For earnings history and earnings-related data on Banc of California (BANC) click here.

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