Banc Of California, Inc.BANC
What Banc Of California, Inc. does.
Banc of California, Inc., a Maryland corporation, was incorporated in March 2002 and serves as the holding company for its wholly owned subsidiary, Banc of California (the “Bank”), a California state-chartered bank and a member of the FRB. When we refer to the “parent” or the “holding company,” we are referring to Banc of California, Inc., the parent company, on a stand-alone basis. When we refer to “we,” “us,” “our,” or the “Company,” we are referring to Banc of California, Inc. and its consolidated subsidiaries including the Bank, collectively. As a bank holding company, the holding company is subject to ongoing and comprehensive supervision, regulation, examination, and enforcement by the FRB. As a California state-chartered bank that is a member of the FRB, the Bank is subject to ongoing and comprehensive supervision, regulation, examination, and enforcement by the DFPI and the FRB.
On November 30, 2023, Banc of California, Inc. completed its transformational merger with PacWest Bancorp (“PacWest”), pursuant to which PacWest merged into Banc of California, Inc., (the "Merger") with Banc of California, Inc. continuing as the surviving legal corporation, and, as of December 1, 2023, Banc of California, N.A. merged into Pacific Western Bank, with Pacific Western Bank continuing under the Banc of California name and brand as the Bank. See "Note 2. Business Combinations" in Item 8 of this Form 10-K for additional information.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $3.8M | $1.4B | $1.6B | $1.5B | $1.9B | $1.8B |
| Net income | $12.6M | $607.0M | $423.6M | -$1.9B | $126.9M | $229.0M |
| Free cash flow | $69.8M | $485.7M | $681.8M | $120.5M | $64.3M | $234.8M |
More on BANC.
- Banc Of California, Inc. summary
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- Banc Of California, Inc. key metrics
- Banc Of California, Inc. health scores and style box
- Banc Of California, Inc. earnings
- Banc Of California, Inc. dividends
- Banc Of California, Inc. valuation
- Banc Of California, Inc. ownership and insiders
- Banc Of California, Inc. peers
Figures from Banc Of California, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.