(BANC) Banc of California - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NYSE (USA) | Market Cap: 2.874m USD | Total Return: 39.3% in 12m
Avg Turnover: 48.3M
Qual. Beats: 0
Rev. Trend: 4.5%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles that provides commercial banking, treasury management, and investment services. The institution focuses on small to middle-market businesses, venture capital firms, and high-net-worth individuals across California, Colorado, and North Carolina. Its portfolio includes a diverse range of credit products such as commercial real estate mortgage loans, equipment finance, and asset-based lending.
As a regional bank, BANC operates within a sector where profitability is heavily influenced by the net interest margin-the difference between interest earned on loans and interest paid on deposits. The company’s business model emphasizes fee-based income through specialized electronic payment services, including merchant acquiring and card issuing, which helps diversify revenue beyond traditional lending. Investors can evaluate these financial metrics further on ValueRay to gain deeper insights into the companys performance.
- PacWest merger integration execution determines long-term operating efficiency and cost synergies
- Net interest margin fluctuates based on Federal Reserve monetary policy shifts
- Commercial real estate concentration increases credit risk exposure during economic downturns
- Payments and treasury management growth shifts revenue mix toward non-interest income
- Deposit beta management impacts funding costs within competitive California banking markets
| Net Income: 247.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.19 > 1.0 |
| NWC/Revenue: -1.53k% < 20% (prev -1.37k%; Δ -166.3% < -1%) |
| CFO/TA 0.01 > 3% & CFO 289.5m > Net Income 247.4m |
| Net Debt (3.29b) to EBITDA (446.2m): 7.37 < 3 |
| Current Ratio: 0.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (160.1m) vs 12m ago -5.51% < -2% |
| Gross Margin: 59.84% > 18% (prev 0.53%; Δ 5.93k% > 0.5%) |
| Asset Turnover: 5.30% > 50% (prev 5.34%; Δ -0.04% > 0%) |
| Interest Coverage Ratio: 0.51 > 6 (EBITDA TTM 446.2m / Interest Expense TTM 680.8m) |
| A: -0.80 (Total Current Assets 388.0m - Total Current Liabilities 28.2b) / Total Assets 34.7b |
| B: -0.01 (Retained Earnings -180.0m / Total Assets 34.7b) |
| C: 0.01 (EBIT TTM 348.3m / Avg Total Assets 34.3b) |
| D: -0.01 (Book Value of Equity -446.4m / Total Liabilities 31.2b) |
| Altman-Z'' = -5.23 = D |
| DSRI: 0.92 (Receivables 134.0m/144.3m, Revenue 1.82b/1.80b) |
| GMI: 0.88 (GM 59.84% / 52.61%) |
| AQI: 1.07 (AQ_t 0.98 / AQ_t-1 0.91) |
| SGI: 1.01 (Revenue 1.82b / 1.80b) |
| TATA: -0.00 (NI 247.4m - CFO 289.5m) / TA 34.7b) |
| Beneish M = -3.15 (Cap -4..+1) = AA |
As of May 24, 2026, the stock is trading at USD 18.81 with a total of 1,377,861 shares traded.
Over the past week, the price has changed by +2.79%,
over one month by +2.28%,
over three months by -0.60% and
over the past year by +39.34%.
Banc of California has received a consensus analysts rating of 4.09. Therefore, it is recommended to buy BANC.
- StrongBuy: 4
- Buy: 4
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 22.7 | 20.6% |
P/E Forward = 10.2881
P/S = 2.6879
P/B = 0.9238
P/EG = 1.1248
Revenue TTM = 1.82b USD
EBIT TTM = 348.3m USD
EBITDA TTM = 446.2m USD
Long Term Debt = 3.07b USD (from longTermDebt, last quarter)
Short Term Debt = 940.0m USD (from shortTermDebt, last quarter)
Debt = 3.54b USD (from shortLongTermDebtTotal, last quarter) + Leases 34.9m
Net Debt = 3.29b USD (calculated: Debt 3.54b - CCE 253.9m)
Enterprise Value = 6.16b USD (2.87b + Debt 3.54b - CCE 253.9m)
Interest Coverage Ratio = 0.51 (Ebit TTM 348.3m / Interest Expense TTM 680.8m)
EV/FCF = 18.20x (Enterprise Value 6.16b / FCF TTM 338.5m)
FCF Yield = 5.49% (FCF TTM 338.5m / Enterprise Value 6.16b)
FCF Margin = 18.65% (FCF TTM 338.5m / Revenue TTM 1.82b)
Net Margin = 13.63% (Net Income TTM 247.4m / Revenue TTM 1.82b)
Gross Margin = 59.84% ((Revenue TTM 1.82b - Cost of Revenue TTM 728.8m) / Revenue TTM)
Gross Margin QoQ = 62.59% (prev 63.89%)
Tobins Q-Ratio = 0.18 (Enterprise Value 6.16b / Total Assets 34.7b)
Interest Expense / Debt = 19.23% (Interest Expense 680.8m / Debt 3.54b)
Taxrate = 24.86% (23.8m / 95.8m)
NOPAT = 261.7m (EBIT 348.3m * (1 - 24.86%))
Current Ratio = 0.01 (Total Current Assets 388.0m / Total Current Liabilities 54.8b)
Debt / Equity = 1.00 (Debt 3.54b / totalStockholderEquity, last quarter 3.55b)
Debt / EBITDA = 7.37 (Net Debt 3.29b / EBITDA 446.2m)
Debt / FCF = 9.71 (Net Debt 3.29b / FCF TTM 338.5m)
Total Stockholder Equity = 3.50b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.72% (Net Income 247.4m / Total Assets 34.7b)
RoE = 6.73% (Net Income TTM 247.4m / Total Stockholder Equity 3.68b)
RoCE = 5.17% (EBIT 348.3m / Capital Employed (Equity 3.68b + L.T.Debt 3.07b))
RoIC = 0.76% (NOPAT 261.7m / Invested Capital 34.5b)
WACC = 12.61% (E(2.87b)/V(6.41b) * Re(10.35%) + D(3.54b)/V(6.41b) * Rd(19.23%) * (1-Tc(0.25)))
Discount Rate = 10.35% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 4.49 | Cagr: 5.15%
[DCF] Terminal Value 65.46% ; FCFF base≈308.9m ; Y1≈354.2m ; Y5≈521.2m
[DCF] Fair Price = 7.61 (EV 4.46b - Net Debt 3.29b = Equity 1.17b / Shares 153.7m; r=12.61% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.17 | # QB: 0
Revenue Correlation: 4.49 | Revenue CAGR: 1.20% | SUE: 0.58 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.40 | Chg30d=-2.94% | Revisions=-57% | Analysts=10
EPS next Quarter (2026-09-30): EPS=0.44 | Chg30d=-4.13% | Revisions=-54% | Analysts=10
EPS current Year (2026-12-31): EPS=1.69 | Chg30d=-1.56% | Revisions=-27% | GrowthEPS=+25.2% | GrowthRev=+7.5%
EPS next Year (2027-12-31): EPS=2.06 | Chg30d=-0.53% | Revisions=+0% | GrowthEPS=+21.9% | GrowthRev=+8.0%
[Analyst] Revisions Ratio: -57%