BANC Q1 2023 Earnings — Banc of California, Inc. Revenue & Financial Results | Market Cap Arena

BANCBanc of California, Inc.

$3B

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$548M+507.3% YoY

Gross Profit

$306M55.9% margin

Operating Income

-$1.3B-230.1% margin

Net Income

-$1.2B-218.3% margin

EPS (Diluted)

$0.34

QoQ Revenue Growth

+433.3%

Cash Flow

Operating Cash Flow

-$37M

Free Cash Flow

-$51M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$10.0B

Total Liabilities

$9.1B

Stockholders' Equity

$959M

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$548M	$90M	+507.3%
Gross Profit	$306M	$114M	+167.7%
Operating Income	-$1.3B	$67M	-1972.8%
Net Income	-$1.2B	$49M	-2564.2%

Revenue Segments

Products and Services, Deposit Service Fees

$1M63%

Products and Services, Debit Card Fees

$377,00019%

Products and Services, Other

$368,00018%