Banc of California (BANC) Misses Q1 EPS by 15c
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Banc of California Reports First Quarter 2017 Earnings
May 3, 2017 6:00 AM EDTSANTA ANA, Calif., May 3, 2017 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today reported net income of $17.2 million, and net income available to common stockholders of $12.1 million, for the first quarter of 2017, resulting in diluted earnings per common share of $0.23 for the quarter.Â
Highlights for the first quarter included:
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 gain on sale revenues and furthering our... More