Banc of California (BANC) Misses Q3 EPS by 13c
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Banc of California Reports Third Quarter 2018 Earnings
October 25, 2018 5:30 AM EDTSANTA ANA, Calif., Oct. 25, 2018 /PRNewswire/ --Â Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders of $3.8 million, for the third quarter of 2018, resulting in diluted earnings per common share of $0.07 for the quarter.Â
Highlights for the Third quarter included:
Strong Core Deposit Growth: Core deposits grew by $171 million, or an 11% annualized rate of growth, allowing for a $70 million reduction in wholesale funding. Organic Loan Growth: Held for investment loans increased by $217 million during the quarter to $7.3 billion. Annualized... More