Banc of California (BANC) Tops Q3 EPS by 9c

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Go back to Banc of California (BANC) Tops Q3 EPS by 9c

Banc of California Reports Third Quarter 2020 Financial Results

October 22, 2020 6:00 AM EDT

SANTA ANA, Calif.--(BUSINESS WIRE)-- Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders for the third quarter of 2020 of $12.1 million, or diluted earnings per common share of $0.24.

Highlights for the third quarter included:

Noninterest-bearing deposit balances increased $59.2 million during the quarter and represented 24% of total deposits at September 30, 2020, up from 19% a year earlier Total checking balances increased $257.7 million during the quarter and represented 58% of total deposits at September 30, 2020, up from 45% a year earlier Net interest margin remained stable at... More