Banc of California
Serves businesses with relationship banking, specialty finance, treasury management, and integrated payments.
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Profile
Provides loans, deposits, treasury management, and payment services to small, middle-market, and venture-backed businesses through regional and specialty banking teams. Most branches are in California, while niche platforms such as SmartStreet and payments serve clients nationwide.
Provides commercial banking through Commercial & Community Banking, Specialty Banking, Deposit and Transaction Services, and Payment Solutions. Core offerings span loans, deposits, treasury management, foreign exchange, merchant acquiring, and card issuing for small, middle-market, and venture-backed businesses.
Combines relationship teams and branches concentrated in California with regional offices and specialized platforms serving clients nationwide. Specialty Banking covers venture banking, lender finance, SBA lending, asset-based lending, equipment finance, mortgage warehouse lending, media and entertainment, and HOA services through SmartStreet.
Most physical locations remain in California, with branches in Denver and Durham and regional offices elsewhere in the United States. Earnings depend on interest spreads, deposit funding, borrower credit performance, and a loan portfolio weighted toward real estate; operations are supervised by the Federal Reserve and California regulators.
Company facts
Categories
Key statistics
Year to date −4.3% · Average volume (30d) 3.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Oct 27, 2025 | Citigroup | Upgrade | Neutral | Buy | ||
| Oct 7, 2025 | Raymond James | Target | $16 | $20 | ||
| Oct 1, 2025 | JP Morgan | Upgrade | Neutral | Overweight | ||
| Jan 6, 2025 | Wells Fargo | Upgrade | Equal Weight | Overweight | ||
| Oct 31, 2024 | Barclays | Upgrade | Equal Weight | Overweight | $14 | $18 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.40 | −$1.61 | −505.4% | $295.3M | $285.7M | −3.3% | −12.23% |
| Apr 22, 2026Q1 FY26 | $0.38 | $0.39 | +2.6% | $290.7M | $286.9M | −1.3% | +2.77% |
| Jan 21, 2026Q4 FY25 | $0.37 | $0.42 | +13.5% | $291.1M | $292.9M | +0.6% | −1.75% |
| Oct 22, 2025Q3 FY25 | $0.32 | $0.38 | +17.1% | $283.5M | $286.4M | +1.0% | −2.01% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $438.3M | $448.2M | $465.5M | $458.5M | $442.8M | $414.6M | |
| Gross profit | $253.8M | $229.7M | $286.4M | $292.9M | $277.1M | $88.7M | |
| Operating income | $73.1M | $47.9M | $92.3M | $112.3M | $95.8M | −$335.2M | |
| Net income | $53.6M | $28.4M | $69.6M | $77.4M | $72.0M | −$240.2M | |
| Diluted EPS | $0.26 | $0.12 | $0.38 | $0.42 | $0.45 | −$1.61 | |
| Gross margin | 57.9% | 51.2% | 61.5% | 63.9% | 62.6% | 21.4% | |
| Operating margin | 16.7% | 10.7% | 19.8% | 24.5% | 21.6% | -80.9% |
Fiscal years (4-quarter sums)FY21 $309.9M · FY22 $390.1M · FY23 $2.54B · FY24 $1.87B · FY25 $1.81B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $7.30B · Total debt $3.03B · Total assets $34.81B · Shareholders' equity $3.19B
Dividends
Raised for 6 straight years — most recently to $0.12 from $0.10 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jul 1 | $0.12 | |
| Mar 16, 2026 | Mar 16 | Apr 1 | $0.12 | raised from $0.10 |
| Dec 15, 2025 | Dec 15 | Jan 2 | $0.10 | |
| Sep 15, 2025 | Sep 15 | Oct 1 | $0.10 | |
| Jun 16, 2025 | Jun 16 | Jul 1 | $0.10 | |
| Mar 14, 2025 | Mar 14 | Apr 1 | $0.10 | |
| Dec 16, 2024 | Dec 16 | Jan 2 | $0.10 | |
| Sep 16, 2024 | Sep 16 | Oct 1 | $0.10 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 153.73M · Float 142.35M · 92.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 22.63M | 14.72% | 13F | Aug 7, 2026 |
| T. Rowe Price Investment Management, Inc. | 13.00M | 8.46% | 13F | Aug 14, 2026 |
| State Street Corp | 9.59M | 6.24% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 6.89M | 4.48% | 13F | Aug 11, 2026 |
| Vanguard Portfolio Management LLC | 6.43M | 4.19% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | Olivia I. Lindsay | officer: CHIEF RISK OFFICER | −6,000 | $19.51 |
| May 26, 2026 | Bryan M. Corsini | officer: CHIEF CREDIT OFFICER | −14,988 | $19.06 |
| Apr 29, 2026 | Bryan M. Corsini | officer: CHIEF CREDIT OFFICER | −10,399 | $18.52 |
| Feb 13, 2026 | Warburg Pincus LLC | director | −4,250,000 | $20.10 |
| Feb 9, 2026 | Hamid Hussain | officer: PRESIDENT OF THE BANK | +14,000 | $21.12 |
Peers
- East West Bancorp
Dominant SoCal commercial bank; head-to-head in CA SME, CRE, and deposit markets
- Western Alliance
National specialty bank; dominant HOA platform and CA innovation banking rival
- Columbia Banking System
West Coast commercial bank; post-PPBI acquisition brings $10B in LA deposits
- First Citizens BancShares
SVB division dominates venture banking vs. BANC’s Square 1 startup heritage
- Cathay General Bancorp
LA-headquartered Chinese-American bank; overlaps BANC on CA CRE and SME lending
- Hanmi Financial
LA community bank; SBA and CRE overlap in Southern California SME market
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Banc of California | $18.60 | −0.03% | $2.86B | — | 9.7 | 1.6 | — |
| East West Bancorp | $129.44 | −0.02% | $17.73B | 12.4 | 11.9 | 3.8 | +12.5% |
| Western Alliance | $78.53 | −0.03% | $8.57B | 8.8 | 7.5 | 1.7 | +17.7% |
| Columbia Banking System | $30.07 | 0.00% | $8.50B | 12.0 | 9.6 | 2.4 | +33.1% |
| First Citizens BancShares | $2,194.07 | +0.07% | $24.99B | 11.7 | 11.7 | 1.7 | −5.5% |
| Cathay General Bancorp | $61.87 | +0.03% | $4.15B | 12.1 | 10.8 | 3.0 | +12.5% |
| Hanmi Financial | $31.14 | +0.06% | $926.9M | 10.5 | 9.6 | 2.4 | +10.1% |
| Median | 11.9 | 10.2 | 2.4 | +12.5% |