Banc of California (BANC) Tops Q3 EPS by 41c

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Go back to Banc of California (BANC) Tops Q3 EPS by 41c

Banc of California Reports Third Quarter 2021 Financial Results

October 21, 2021 6:04 AM EDT

SANTA ANA, Calif.--(BUSINESS WIRE)-- Banc of California, Inc. (NYSE: BANC) today reported net income of $23.2 million and net income available to common stockholders for the third quarter of 2021 of $21.4 million, or diluted earnings per common share of $0.42.

Highlights for the third quarter included:

Return on average assets of 1.13% Annualized loan growth, excluding PPP, of 16% Period-end total cost of deposits of 0.08%, a 12 basis point decrease from the end of the second quarter Average cost of total deposits of 0.15%, an 8 basis point decrease from... More