Banc of California Reports First Quarter 2017 Earnings

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Banc of California (BANC) Misses Q1 EPS by 15c

May 3, 2017 6:02 AM EDT

Banc of California (NYSE: BANC) reported Q1 EPS of $0.23, $0.15 worse than the analyst estimate of $0.38.

Completed the sale of our Banc Home Loans mortgage banking division and sold $38 million of mortgage servicing rights on $3.9 billion in unpaid balances to Caliber Home Loans, thereby lowering volatile... More