Banc of California (BANC) Reports Q1 Loss Per Share of $0.19

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Go back to Banc of California (BANC) Reports Q1 Loss Per Share of $0.19

Banc of California Reports First Quarter 2020 Financial Results

April 29, 2020 6:00 AM EDT

SANTA ANA, Calif.--(BUSINESS WIRE)-- Banc of California, Inc. (NYSE: BANC) today reported net loss available to common stockholders for the first quarter of 2020 of $9.7 million, or diluted loss per common share of $0.19.

First quarter results included:

Common Equity Tier 1 capital at 11.57% Noninterest-bearing deposit balances increased $167.6 million to 23% of total deposits, up from 20% Total DDA balances increased $206.1 million to 51% of total deposits End of period deposit costs dropped to 0.89%; average total deposit costs decreased 16 basis points to 1.11% Allowance for credit losses... More