Banc of California (BANC) Tops Q3 EPS by 6c

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Go back to Banc of California (BANC) Tops Q3 EPS by 6c

Banc of California Reports Third Quarter 2017 Earnings

October 26, 2017 6:00 AM EDT

SANTA ANA, Calif., Oct. 26, 2017 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today reported net income of $16.9 million, and net income available to common stockholders of $11.8 million, for the third quarter of 2017, resulting in diluted earnings per common share of $0.23 for the quarter.  Net income from continuing operations for the quarter was $18.1 million, resulting in diluted earnings per common share from continuing operations of $0.25.

Highlights for the third quarter included:

Balance Sheet Re-Mix:  Reduced securities by $159 million, driven by sales of $87 million of master limited... More