NYSE$BANC
Banc Of California · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported net income of $19.1 million and diluted earnings per common share of $0.34.
Banc of California reported a strong second quarter with net income of $19.1 million and diluted earnings per common share of $0.34. Total loan production reached $904.1 million, and the net interest margin expanded to 3.27%.
- Return on average assets of 0.98%.
- Total loan production of $904.1 million.
- Period-end total cost of deposits of 0.20%.
- Net interest margin expanded to 3.27%.
Headline financials
Revenue & EPS history
Banc of California · Revenue · Quarterly
$64M
Forward guidance
Banc of California anticipates continued organic balance sheet growth and greater profitability in the second half of the year, with significant earnings accretion expected from the Pacific Mercantile Bancorp acquisition, anticipated to close during the third quarter. Cost savings of at least 40% are expected, substantially realized by year-end.
Tailwinds
- Continued organic balance sheet growth expected.
- Greater profitability anticipated in the second half of the year.
- Significant earnings accretion expected from the Pacific Mercantile Bancorp acquisition.
- Anticipate closing the Pacific Mercantile Bancorp acquisition during the third quarter.
- Visibility on cost savings of at least 40%.
Headwinds
- Potential setbacks to the economic recovery could impact performance.
- Uncertainty regarding the impact of inflation.
- COVID-19 variants pose a risk to the economic recovery.
- Ultimate pace of the recovery is uncertain.
- Integration of Pacific Mercantile Bancorp may present unforeseen challenges.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.2%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+3.2%
Avg return
30 days after
45%
30 / 66 earnings
Positive
+21.2%
Q3 2016
Best reaction
-11.8%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.8% | +2.7% | +2.3% | |
| Q4 2025 | -1.7% | -4.5% | -4.9% | |
| Q3 2025 | -2.0% | +1.6% | +5.2% | |
| Q2 2025 | -1.5% | -0.4% | +5.4% | |
| Q1 2025 | -1.9% | -1.5% | +0.1% | |
| Q4 2024 | -2.3% | -0.1% | -6.7% | |
| Q3 2024 | +3.3% | +2.8% | +10.5% | |
| Q2 2024 | -11.8% | -1.9% | -5.1% | |
| Q1 2024 | -0.8% | +0.8% | -3.0% | |
| Q4 2023 | +10.5% | +11.3% | +9.6% | |
| Q3 2023 | -4.8% | -4.0% | +10.4% | |
| Q2 2023 | +11.9% | +10.0% | -7.1% | |
| Q1 2023 | -1.5% | -7.1% | -11.3% | |
| Q4 2022 | -0.2% | -2.6% | +6.3% | |
| Q3 2022 | -8.2% | -5.4% | -2.9% | |
| Q2 2022 | -5.9% | -3.6% | -1.4% | |
| Q1 2022 | -2.1% | -2.5% | -6.7% | |
| Q4 2021 | -6.0% | -7.2% | -7.3% | |
| Q3 2021 | +5.0% | +9.3% | +11.9% | |
| Q2 2021 | +5.2% | +5.5% | +7.5% | |
| Q1 2021 | -1.7% | -1.5% | -0.1% | |
| Q4 2020 | -0.3% | -1.1% | +6.4% | |
| Q3 2020 | +7.2% | +2.3% | +15.6% | |
| Q2 2020 | +7.7% | +7.7% | +9.9% | |
| Q1 2020 | -3.3% | -9.7% | +1.6% | |
| Q4 2019 | -3.9% | -3.2% | -2.1% | |
| Q3 2019 | -7.6% | -7.3% | -0.2% | |
| Q2 2019 | +4.2% | +6.7% | -3.8% | |
| Q1 2019 | -1.1% | -0.8% | -9.0% | |
| Q4 2018 | -1.0% | +0.0% | +8.9% | |
| Q3 2018 | -4.1% | -0.1% | +7.5% | |
| Q2 2018 | +7.0% | +7.0% | +6.4% | |
| Q1 2018 | +3.8% | +1.4% | +6.5% | |
| Q4 2017 | -4.8% | -9.2% | -5.5% | |
| Q3 2017 | +5.9% | +2.7% | +2.2% | |
| Q2 2017 | -2.9% | +0.2% | -8.3% | |
| Q1 2017 | -6.5% | -2.1% | -0.9% | |
| Q4 2016 | +6.8% | +10.5% | +38.9% | |
| Q3 2016 | +21.2% | +15.7% | +31.4% | |
| Q2 2016 | +4.9% | +11.7% | +10.4% | |
| Q1 2016 | +3.0% | — | — | |
| Q4 2015 | +9.3% | — | — | |
| Q3 2015 | +1.5% | — | — | |
| Q2 2015 | -4.3% | — | — | |
| Q1 2015 | -1.8% | — | — | |
| Q4 2014 | +3.5% | — | — | |
| Q3 2014 | +0.6% | — | — | |
| Q2 2014 | +8.3% | — | — | |
| Q1 2014 | +2.4% | — | — | |
| Q4 2013 | -2.5% | — | — | |
| Q3 2013 | -6.3% | — | — | |
| Q2 2013 | -2.0% | — | — | |
| Q1 2013 | +7.4% | — | — | |
| Q4 2012 | +1.7% | — | — | |
| Q3 2012 | -0.3% | — | — | |
| Q2 2012 | +0.3% | — | — | |
| Q1 2012 | +0.7% | — | — | |
| Q1 2011 | +0.7% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q4 2009 | +0.6% | — | — | |
| Q3 2010 | -2.3% | — | — | |
| Q3 2011 | -2.3% | — | — | |
| Q2 2010 | -9.1% | — | — | |
| Q2 2011 | -9.1% | — | — | |
| Q4 2010 | -9.1% | — | — | |
| Q1 2010 | +5.1% | — | — |
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