Banc of California (BANC) Tops Q2 EPS by 6c
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Banc of California Reports Record Second Quarter Earnings
July 21, 2016 6:00 AM EDTIRVINE, Calif., July 21, 2016 /PRNewswire/ --Â Banc of California, Inc. (NYSE: BANC) today reported record quarterly net income of $26.5 million for the second quarter of 2016, resulting in earnings per share of $0.43 for the quarter, fully diluted. Excluding $2.7 million of debt extinguishment costs related to the redemption of senior notes during the quarter, earnings per share for the second quarter was $0.46.
Pre-tax income for the second quarter of 2016 was $44.8 million, an increase of 63% compared to second quarter of 2015. Net income available to common shareholders for the second quarter was $21.4 million, an... More
