NYSE$BANC
Banc Of California · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Net earnings of $20.4 million, or $0.12 per diluted common share, were reported.
Banc of California reported net earnings available to common and equivalent stockholders of $20.4 million, or $0.12 per diluted common share. The company saw an increase in average noninterest-bearing deposits and net interest margin. High liquidity levels were maintained, and a core systems conversion was successfully completed.
- Average noninterest-bearing deposits increased by $196.5 million, or 3%.
- Net interest margin increased to 2.80%, up 14 basis points from the previous quarter.
- Available on-balance sheet liquidity and unused borrowing capacity reached $16.9 billion.
- Nonperforming assets decreased to 0.37% of total assets.
Headline financials
Revenue & EPS history
Banc of California · Revenue · Quarterly
$492M
Forward guidance
Banc of California is focused on optimizing its business to drive long-term sustainable growth and profitability. The recent sale of CIVIC loans positively impacts capital and liquidity ratios, which will be leveraged to further reposition the balance sheet and optimize core earnings power. The company is well-positioned to continue improving profitability through net interest margin expansion and expense reduction initiatives.
Tailwinds
- Leveraging strong market position.
- Delivering exceptional customer experience.
- Unique platform to expanded customer base.
- Sale of $1.95 billion of CIVIC loans positively impacts capital and liquidity ratios.
- Repositioning balance sheet and optimize core earnings power.
Headwinds
- Changes in general economic conditions.
- Changes in the interest rate environment.
- Credit risks of lending activities.
- Fluctuations in the demand for loans.
- The quality and composition of our securities portfolio.
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 2024
+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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