BANC (Banc of California, Inc.) Stock Financials & Earnings | Market Cap Arena

BANC (Banc of California, Inc.) Stock Financials & Earnings | Market Cap Arena

BANCBanc of California, Inc.

Mkt Cap$3B

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Revenue (TTM)$1.8B

Net Income (TTM)$229M

EPS (TTM)$1.18

Free Cash Flow (TTM)$256M

Gross Margin58.7%

Op. Margin18.0%

Net Margin12.6%

FCF Margin14.1%

P/S Ratio (TTM)1.5x

P/E Ratio (TTM)11.7x

YoY Rev Growth-3.3%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$548M	$306M	-$1.3B
Q2 23	$407M	$51M	-$264M
Q3 23	$486M	$170M	-$27M
Q4 23	$1.1B	-$42M	-$2.3B
Q1 24	$508M	$248M	$42M
Q2 24	$488M	$244M	$45M
Q3 24	$427M	$204M	$12M
Q4 24	$449M	$247M	$70M
Q1 25	$438M	$254M	$73M
Q2 25	$448M	$230M	$48M
Q3 25	$466M	$286M	$92M
Q4 25	$459M	$293M	$112M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.2x	—
Q2 23	2.3x	—
Q3 23	1.7x	—
Q4 23	1.1x	—
Q1 24	1.1x	—
Q2 24	1.0x	—
Q3 24	1.1x	—
Q4 24	1.4x	21.1x
Q1 25	1.5x	17.9x
Q2 25	1.5x	18.1x
Q3 25	1.5x	12.8x
Q4 25	1.5x	11.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$37M	-$51M
Q2 23	$61M	$66M
Q3 23	$30M	$27M
Q4 23	$82M	$78M
Q1 24	-$88M	-$93M
Q2 24	$39M	$31M
Q3 24	$47M	$51M
Q4 24	$80M	$76M
Q1 25	$15M	$14M
Q2 25	$63M	$61M
Q3 25	$76M	$75M
Q4 25	$102M	$105M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$14M
Q2 23	$5M
Q3 23	$3M
Q4 23	$3M
Q1 24	$5M
Q2 24	$8M
Q3 24	$4M
Q4 24	$4M
Q1 25	$2M
Q2 25	$1M
Q3 25	$185K
Q4 25	$3M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+507.3%	+7801.4%
Q2 23	+325.3%	+1042.5%
Q3 23	+377.7%	+658.5%
Q4 23	+970.6%	+4646.0%
Q1 24	-7.2%	-74.2%
Q2 24	+20.0%	-33.9%
Q3 24	-12.0%	-18.8%
Q4 24	-59.2%	-88.9%
Q1 25	-13.7%	-21.6%
Q2 25	-8.2%	-9.7%
Q3 25	+8.9%	-10.3%
Q4 25	+2.1%	-8.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$5M	0.9%
Q2 23	$9M	2.2%
Q3 23	$257K	0.1%
Q4 23	$15M	1.3%
Q1 24	$5M	0.9%
Q2 24	$4M	0.8%
Q3 24	$5M	1.3%
Q4 24	$1M	0.3%
Q1 25	$5M	1.3%
Q2 25	$6M	1.4%
Q3 25	$6M	1.3%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 23	$100M
Q2 23	$109M
Q3 23	$110M
Q4 23	$384M
Q1 24	$113M
Q2 24	$112M
Q3 24	$98M
Q4 24	$89M
Q1 25	$94M
Q2 25	$98M
Q3 25	$186M
Q4 25	$181M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$1.0B	$958M	$2.0B
Q2 23	$284M	$922M	$1.2B
Q3 23	$311M	$915M	$1.2B
Q4 23	$5.4B	$2.3B	$7.7B
Q1 24	$3.1B	$2.3B	$5.4B
Q2 24	$2.7B	$2.2B	$4.9B
Q3 24	$2.6B	$2.3B	$4.9B
Q4 24	$2.5B	$2.2B	$4.7B
Q1 25	$2.3B	$0	$2.3B
Q2 25	$2.4B	$2.2B	$4.6B
Q3 25	$2.4B	$2.4B	$4.8B
Q4 25	$2.3B	$4.9B	$7.2B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	143M	+21.4%
Q2 23	143M	+0.0%
Q3 23	143M	+0.0%
Q4 23	143M	+0.0%
Q1 24	168M	+17.6%
Q2 24	168M	+0.2%
Q3 24	169M	+0.1%
Q4 24	170M	+0.7%
Q1 25	169M	-0.2%
Q2 25	158M	-6.5%
Q3 25	159M	+0.4%
Q4 25	160M	+0.7%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$227K	1K
FY 15	$188K	2K
FY 16	$256K	2K
FY 17	$593K	722
FY 18	$615K	730
FY 19	$640K	630
FY 20	$507K	611
FY 21	$2M	673
FY 22	$2M	685
FY 23	$2M	685
FY 24	$3M	685
FY 25	$951K	2K