Banc of California Inc BANC Stock Quotes and Insider News

Insider Chart Past 6 Months

Technical Chart

Filings by transaction date

Mar 14, 2024 (filed on Mar 15, 2024)

Insider Name:

Lashley Richard J

Ownership Type:

Indirect Ownership

Securities:

Common Stock

Nature of Transaction:

P - Open market or private purchase

# or value acquired/disposed of:

7,500

Price:

$14.48
Mar 09, 2024 (filed on Mar 12, 2024)

Insider Name:

Sotoodeh John K

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-718

Price:

$14.86
Mar 09, 2024 (filed on Mar 12, 2024)

Insider Name:

Wolff Jared M

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-3,219

Price:

$14.86
Mar 09, 2024 (filed on Mar 12, 2024)

Insider Name:

Lindsay Olivia I

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-156

Price:

$14.86
Mar 09, 2024 (filed on Mar 12, 2024)

Insider Name:

Hussain Hamid

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-690

Price:

$14.86
Mar 09, 2024 (filed on Mar 12, 2024)

Insider Name:

Dyck Robert G

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-517

Price:

$14.86
Mar 09, 2024 (filed on Mar 12, 2024)

Insider Name:

Dotan Ido

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-683

Price:

$14.86
Mar 02, 2024 (filed on Mar 04, 2024)

Insider Name:

Wolff Jared M

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-3,029

Price:

$14.38
Mar 02, 2024 (filed on Mar 04, 2024)

Insider Name:

Dotan Ido

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-643

Price:

$14.38
Mar 02, 2024 (filed on Mar 04, 2024)

Insider Name:

Dyck Robert G

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-586

Price:

$14.38

Filings by filing date

Mar 14, 2024 (filed on Mar 15, 2024)

Insider Name:

Lashley Richard J

Ownership Type:

Indirect Ownership

Securities:

Common Stock

Nature of Transaction:

P - Open market or private purchase

# or value acquired/disposed of:

7,500

Price:

$14.48
Mar 09, 2024 (filed on Mar 12, 2024)

Insider Name:

Sotoodeh John K

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-718

Price:

$14.86
Mar 09, 2024 (filed on Mar 12, 2024)

Insider Name:

Wolff Jared M

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-3,219

Price:

$14.86
Mar 09, 2024 (filed on Mar 12, 2024)

Insider Name:

Lindsay Olivia I

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-156

Price:

$14.86
Mar 09, 2024 (filed on Mar 12, 2024)

Insider Name:

Hussain Hamid

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-690

Price:

$14.86
Mar 09, 2024 (filed on Mar 12, 2024)

Insider Name:

Dyck Robert G

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-517

Price:

$14.86
Mar 09, 2024 (filed on Mar 12, 2024)

Insider Name:

Dotan Ido

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-683

Price:

$14.86
Mar 02, 2024 (filed on Mar 04, 2024)

Insider Name:

Wolff Jared M

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-3,029

Price:

$14.38
Mar 01, 2024 (filed on Mar 04, 2024)

Insider Name:

Wolff Jared M

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-4,045

Price:

$14.63
Mar 02, 2024 (filed on Mar 04, 2024)

Insider Name:

Dotan Ido

Ownership Type:

Direct Ownership

Securities:

Common Stock

Nature of Transaction:

F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3

# or value acquired/disposed of:

-643

Price:

$14.38

News

Biz Brief

Sector: Financials	Industry: Banks

See Regulatory Filings on SEC

Company Contact

Address:	3 Macarthur Place SANTA ANA CA 92707
Tel:	N/A
Website:	https://bancofcal.com
IR:	See website

Key People

Jared M. Wolff President, Chief Executive Officer, Vice Chairman of the Board	Raymond J. Rindone Executive Vice President, Deputy Chief Financial Officer, Head - Corporate Finance	Joseph Kauder Chief Financial Officer, Executive Vice President
John Sotoodeh Chief Operating Officer	Monica L. Sparks Executive Vice President, Chief Accounting Officer	Ido Dotan Executive Vice President, Chief Administrative Officer, General Counsel, Corporate Secretary
Olivia Lindsay Executive Vice President, Chief Risk Officer	Bryan M. Corsini Executive Vice President, Chief Credit Officer	Robert G. Dyck Senior Executive Vice President, Chief Credit Officer
Hamid Hussain Executive Vice President, President of the Bank

Business Overview

Banc of California, Inc. is a bank holding company for its subsidiary, Banc of California (the Bank), a California state-chartered bank. The Bank provides a range of loan and deposit products and services through more than 90 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, and full-stack payment processing solutions through its subsidiary, Deepstack Technologies, LLC. The Bank also serves the Community Association Management Industry nationwide with its technology-forward platform SmartStreet. The Bank is organized into four business groups: Community Banking, Specialty Banking, Deposit Services, and Payment Solutions. Specialty Banking is focused on serving clients in niche verticals by industry, including homeowner associations, venture banking, SBA lending, mortgage warehouse lending, media and entertainment and equipment finance. Deposit Services provide valuable services to clients in the Community and Specialty Banking groups.

Financial Overview

For the fiscal year ended 31 December 2023, Banc of California Inc interest income increased from $372.8M to $1.97B. Net interest income after loan loss provision increased from $345.9M to $695.1M. Net loss applicable to common stockholders totaled $1.94B vs. income of $115.8M. Net interest income after loan loss provision reflects Loans and leases increase from $327.5M to $1.5B, Investment securities increase from $38.5M to $299.6M.

Employees:	2,304 as of Dec 31, 2023

Reporting Currency:	U.S. Dollars
Enterprise value:	$6,382M as of Dec 31, 2023
Annual revenue (TTM):	$1,971M as of Dec 31, 2023
EBITDA (TTM):	-$1,703M as of Dec 31, 2023
Net annual income (TTM):	-$1,939M as of Dec 31, 2023
Free cash flow (TTM):	$31.88M as of Dec 31, 2023
Net Debt Last Fiscal Year:	$3,645M as of Dec 31, 2023
Shares outstanding:	168,930,779 as of Mar 15, 2024
Index Membership:	S&P 600 Small Cap
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization