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Banc of California (BANC) Company Profile

Updated Feb 14, 2020
Banc of California has the following business profile:
Company's Full Name:Banc of California, Inc.
Short Name:Banc of California
Trading Ticker Symbol:BANC
Primary Exchange:NYSE
Headquarter City/Country:California, CA
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for Banc of California

The following details were available for trading and market data about the stock of Banc of California as of writing:
Current Share Price:$16.96
Previous Year's Closing Price:$17.18
Percentage Price Change (YTD):-1.28%
Market Cap:$862.99 million
52-week Price Range:$13.1 - $19.12
Dividend Per Share:$0.31
EPS (TTM):0.05
Price-Earnings (Trailing):339.2
Price-Earnings (Forward):20.19

Company Profile and Business Description for Banc of California

Banc of California, Inc., incorporated on March 25, 2002, is a financial holding company. The Company is the parent of Banc of California, National Association (the Bank). The Company operates through Commercial Banking; Mortgage Banking, and Corporate/Other segments. As of December 31, 2016, the Bank had 90 California banking locations, including 39 full service branches in San Diego, Orange, Santa Barbara, and Los Angeles Counties. The Bank offers automated bill payment, cash and treasury management, master demand accounts, foreign exchange, interest rate swaps, trust services, card payment services, remote and mobile deposit capture, automatic clearing house (ACH) origination, wire transfer, direct deposit, and safe deposit boxes. Bank customers also have the ability to access their accounts through a nationwide network of automated teller machines (ATMs), online, telephone and mobile banking.

The Commercial Banking segment includes nine business units: Retail Banking, Commercial Banking, Private Banking, Financial Institutions Banking, Residential Portfolio Lending, Commercial Real Estate and Multifamily Lending, Construction and Rehabilitation Lending, Small Business Administration (SBA) Lending and Warehouse Lending. As of December 31, 2016, Retail Banking included the Company's 39 branch locations across Southern California. Commercial Banking serves the needs of entrepreneurs and business owners. Private Banking caters primarily to high net worth individuals, entrepreneurs, and business owners. Financial Institutions Banking provides specialized deposit products and services to registered investment advisors, broker dealers, family offices, hedge funds, private equity funds and other financial services entities. Its products include a range of escrow products, trust services, special use accounts and standard business accounts. Additionally, it offers lending products, which include securities-backed credit facilities, insurance-backed loans, alternative asset-backed lines of credit and term loans, and leverage to hedge funds and private equity funds. Residential Portfolio Lending provides jumbo single family residential (SFR) mortgage loans for California's entrepreneurs and homeowners. Commercial Real Estate and Multifamily Lending provides lending products catering to California's entrepreneurial real estate investors. Construction and Rehabilitation Lending provides construction and rehabilitation loans to California's entrepreneurs and business owners. Warehouse Lending provides warehouse lines of credit to mortgage and commercial multifamily lenders. The Mortgage Banking segment includes the Company's mortgage banking business, operated under the trade name of Banc Home Loans, which originates primarily agency, government, and conforming mortgage loans.

Lending Activities

The Company offers a range of commercial and consumer loan products, including commercial and industrial loans, commercial real estate loans, multi-family loans, SBA guaranteed business loans, construction and renovation loans, SFR mortgage loans, warehouse loans, asset-, insurance- or security-backed loans, home equity lines of credit (HELOCs), consumer and business lines of credit, and other consumer loans. The Bank's lending activities are focused on providing financing to private businesses, entrepreneurs, homeowners and are secured by California commercial and residential real estate. The Company's residential lending activity includes both a direct-to-consumer retail residential lending business and a wholesale and correspondent mortgage business. The wholesale mortgage business originates SFR mortgage loans submitted to the Company by outside mortgage brokers for underwriting and funding. AS of December 31, 2016, the Company's total loans were $6.03 billion.

Investment Activities

The Company invests in SBA loan pool securities, debt and mortgage-backed securities issued by the United States-Government sponsored entities (GSEs), commercial mortgage-backed securities, private label residential mortgage-backed securities, corporate bonds, and collateralized loan obligations. As of December 31, 2016, the Company had $2.38 billion of securities available-for-sale and $884.2 million of securities held-to-maturity.

Sources of Funds

The Company's primary sources of funds are deposits, payments on and maturities of outstanding loans and leases and investment securities, and other short-term investments and funds provided from operations. The Company offers a range of deposit accounts to consumers, businesses, and institutional customers with a range of interest rates and terms. The Company's deposits consist of savings accounts, money market deposit accounts, interest and non-interest bearing demand accounts, and certificates of deposit. In addition to gathering consumer deposits through the Company's community banking activities, business banking, private banking and financial institutions banking activities are the sources of deposits. The Company utilizes Federal Home Loan Bank (FHLB) advances and securities sold under repurchase agreements to leverage its capital base, to provide funds for its lending activities. The Company's total deposits were $9.14 billion, as of December 31, 2016.

3 Macarthur Pl

Peer / Competitor Companies of Major Banks Sector

Along with Banc of California, Inc., the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

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▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile,  Dividend History

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile,  Dividend History

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile,  Dividend History

▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile,  Dividend History

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile,  Dividend History

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile,  Dividend History

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile,  Dividend History

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile,  Dividend History

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile,  Dividend History

▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile,  Dividend History

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▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile,  Dividend History

▶ BancorpSouth (BXS): BancorpSouth, Inc., incorporated on February 17, 1982, is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations ....See Detailed Company Profile,  Dividend History

▶ Bank of America (BAC): Bank of America Corporation, incorporated on July 31, 1998, is a bank holding company (BHC) and a financial holding company. The Company is a financial institution, serving individual consumers, small- ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

▶ Bank of Commerce CA (BOCH): Bank of Commerce Holdings operates as the bank holding company for Redding Bank of Commerce that provides a range of financial services and products for retail customers and small to medium sized busi....See Detailed Company Profile,  Dividend History

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