Banc of California (NYSE:BANC) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

24 Apr 2026, 11:18 by Teresa Graham · The Cerbat Gem

Banc of California (NYSE:BANC – Get Free Report) posted its earnings results on Wednesday. The bank reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01, FiscalAI reports. Banc of California had a return on equity of 9.31% and a net margin of 13.58%.The business had revenue of $275.97 million during the quarter, compared to the consensus estimate of $291.28 million. During the same period in the previous year, the business earned $0.26 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis.

Banc of California Stock Performance

NYSE BANC traded down $0.17 on Friday, hitting $18.74. 2,069,392 shares of the company’s stock were exchanged, compared to its average volume of 2,952,791. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.90 and a quick ratio of 0.89. The firm’s 50-day moving average price is $18.14 and its two-hundred day moving average price is $18.54. Banc of California has a fifty-two week low of $12.98 and a fifty-two week high of $21.61. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 14.32 and a beta of 0.74.

Banc of California Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, March 16th. This is a positive change from Banc of California’s previous quarterly dividend of $0.10. Banc of California’s payout ratio is presently 40.68%.

Institutional Investors Weigh In On Banc of California

Institutional investors and hedge funds have recently modified their holdings of the company. Triumph Capital Management acquired a new stake in shares of Banc of California in the 3rd quarter worth approximately $25,000. Advisory Services Network LLC acquired a new stake in shares of Banc of California in the 3rd quarter worth approximately $36,000. Meeder Asset Management Inc. acquired a new stake in shares of Banc of California in the 4th quarter worth approximately $44,000. Danske Bank A S acquired a new stake in shares of Banc of California in the 3rd quarter worth approximately $70,000. Finally, Arax Advisory Partners grew its holdings in shares of Banc of California by 165.3% in the 4th quarter. Arax Advisory Partners now owns 3,829 shares of the bank’s stock worth $74,000 after acquiring an additional 2,386 shares during the period. Institutional investors and hedge funds own 86.88% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BANC. Piper Sandler reduced their target price on Banc of California from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, April 2nd. Wall Street Zen raised Banc of California from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Barclays dropped their price target on Banc of California from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Wells Fargo & Company upped their price objective on Banc of California from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. Finally, Keefe, Bruyette & Woods upped their price objective on Banc of California from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.27.

Check Out Our Latest Report on Banc of California

About Banc of California

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Banc of California, N.A. is a full-service commercial bank headquartered in Santa Ana, California, offering a broad spectrum of banking products and services to corporate and individual customers. The bank focuses on serving middle-market businesses, professional service firms, real estate investors and developers, and entrepreneurs throughout California. Its core offerings include deposit accounts, treasury management services, commercial real estate lending, equipment finance, lines of credit and Small Business Administration lending, complemented by cash management and online banking solutions.