Banc of California (BANC) Tops Q3 EPS by 2c

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Go back to Banc of California (BANC) Tops Q3 EPS by 2c

Banc of California Reports Third Quarter Earnings

October 29, 2015 9:00 AM EDT

IRVINE, Calif.--(BUSINESS WIRE)-- Banc of California, Inc. (NYSE: BANC) today reported net income of $14.5 million and net income available to common shareholders of $11.5 million, resulting in $0.29 per diluted common share for the quarter ended September 30, 2015.

Net income available to common shareholders for the nine months ended September 30, 2015 was $36.2 million, resulting in $0.93 per diluted common share, compared to $17.4 million, resulting in $0.63 per diluted common share for the nine months ended September 30, 2014.

Highlights for the third quarter, compared to the prior quarter, included:

Record quarterly core deposit... More