Banc of California Reports Second Quarter 2018 Earnings
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Banc of California (BANC) Tops Q2 EPS by 3c
July 26, 2018 6:14 AM EDTBanc of California (NYSE: BANC) reported Q2 EPS of $0.18, $0.03 better than the analyst estimate of $0.15.
Highlights for the second quarter included:
Strong Core Deposit Growth: Core deposits grew by $357 million allowing for the reduction of brokered deposits by $332 million and the reduction of FHLB advances by $100 million.Organic Loan Growth: Held for investment loans increased by $105 million during the quarter to $7.0 billion. Annualized growth in the portfolio is 11% for... More