Banc of California Reports Second Quarter 2019 Earnings

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Banc of California (BANC) Tops Q2 EPS by 6c

July 25, 2019 6:06 AM EDT

Banc of California (NYSE: BANC) reported Q2 EPS of $0.23, $0.06 better than the analyst estimate of $0.17.

Net interest margin increased by 5 basis points from the prior quarter to 2.86% for the second quarter, resulting from a 5 basis point decline in our cost of depositsLoan... More