NYSE$BANC
Banc Of California · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported strong profitability, $1.2 billion in loan fundings, and net interest margin expansion.
Banc of California reported a solid operating performance for Q2 2022, with net income of $26.7 million, or $0.43 per diluted common share. The company saw strong loan production of $1.2 billion, funded with a low-cost deposit base, and a net interest margin of 3.58%, up 7 basis points from the prior quarter.
- Adjusted EPS was $0.45.
- Pre-tax pre-provision return on average assets increased to 1.58%, up from 1.54% in the prior quarter.
- Net interest margin increased by 7 basis points to 3.58% from the prior quarter.
- The company repurchased $38.9 million of common stock during the quarter.
Headline financials
Revenue & EPS history
Banc of California · Revenue · Quarterly
$85.5M
Forward guidance
Banc of California anticipates continued loan growth and net interest margin expansion in the second half of the year, driven by a strong loan pipeline and a rising interest rate environment.
Tailwinds
- Loan pipeline remains strong, indicating continued loan growth.
- Asset sensitive balance sheet will benefit from the rising rate environment.
- Anticipates further expansion of operating leverage.
- Expects additional expansion in net interest margin.
- Positioned to continue delivering strong financial results for the benefit of shareholders.
Headwinds
- Rising inflation
- Higher oil prices
- Ongoing supply chain issues
- Military conflict between Russia and Ukraine
- Uncertainty related to the COVID-19 pandemic
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 2022
+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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