Banc of California Reports Fourth Quarter 2020 Financial Results

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/23/2026

1. META
2. TSLA
3. IBM
4. TXN
5. MRNA
6. SAP
7. CSX
8. LRCX
9. MRK
10. LVS

Go back to Banc of California Reports Fourth Quarter 2020 Financial Results

Banc of California (BANC) Tops Q4 EPS by 17c

January 21, 2021 6:03 AM EST

Banc of California (NYSE: BANC) reported Q4 EPS of $0.35, $0.17 better than the analyst estimate of $0.18.

Highlights for the fourth quarter included:

Return on average assets of 1.11%Net interest margin of 3.38%, a 29 basis points increase from the prior quarterAverage cost of total deposits of 0.36%, a 15 basis points decrease from the prior quarter, and period-end cost of deposits at 0.29%Noninterest-bearing deposit balances increased $108.5 million during the quarter and represented 26% of total deposits at December 31, 2020, up from 20% a year earlierAllowance for credit losses remained strong at 1.43% of total loans and 230% of non-performing... More