Banc of California Reports First Quarter 2021 Financial Results

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Go back to Banc of California Reports First Quarter 2021 Financial Results

Banc of California (BANC) Misses Q1 EPS by 9c

April 22, 2021 6:07 AM EDT

Banc of California (NYSE: BANC) reported Q1 EPS of $0.15, $0.09 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $62.3 million versus the consensus estimate of $62.54 million.

Jared Wolff, President & CEO of Banc of California, commented, Our first quarter results reflected solid core operating performance and execution on the strategies that are enhancing the value of our franchise. We continued to grow average loans and earning assets, improve our deposit mix, reduce our cost of deposits, and maintain disciplined expense control. Certain non-core items in the quarter masked some of... More