Banc of California (BANC) Misses Q2 EPS by 5c

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Go back to Banc of California (BANC) Misses Q2 EPS by 5c

Banc of California Reports Second Quarter 2017 Earnings

July 26, 2017 6:00 AM EDT

SANTA ANA, Calif., July 26, 2017 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today reported net income of $12.3 million, and net income available to common stockholders of $7.1 million, for the second quarter of 2017, resulting in diluted earnings per common share of $0.14 for the quarter.  Net income from continuing operations for the quarter was $15.1 million, resulting in diluted earnings per common share from continuing operations of $0.20.

Highlights for the second quarter included:

Significantly re-positioned and de-risked the balance sheet during the quarter, through the reduction of... More