Banc of California Reports Fourth Quarter 2019 Financial Results
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Banc of California (BANC) Tops Q4 EPS by 4c
January 23, 2020 6:02 AM ESTBanc of California (NYSE: BANC) reported Q4 EPS of $0.21, $0.04 better than the analyst estimate of $0.17.
Highlights for the fourth quarter (as compared to third quarter 2019) included:
Net interest margin increased 18 basis points to 3.04%Cost of total deposits decreased by 21 basis points to 1.27%Noninterest-bearing deposit balances increased to 20.1% of total deposits, up from 19.2%Average noninterest-bearing deposits increased by $60 million, or 5.7%Return on average assets was 0.71% and return on average equity was... More