Banc of California (BANC) Misses Q4 EPS by 10c

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Go back to Banc of California (BANC) Misses Q4 EPS by 10c

Banc of California Reports Fourth Quarter 2018 Earnings

January 24, 2019 5:01 AM EST

SANTA ANA, Calif., Jan. 24, 2019 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders of $6.7 million, for the fourth quarter of 2018, resulting in diluted earnings per common share of $0.13 for the quarter. 

Highlights for the fourth quarter included:

Core Deposits: Core deposit balances were flat for the quarter. Full year core deposit balances grew 10% to $6.2 billion. Organic Loan Growth: Held for investment loans increased by $448 million during the quarter to $7.7 billion. Loan portfolio growth for the full year... More