BANC Q1 2024 Earnings — Banc of California, Inc. Revenue & Financial Results | Market Cap Arena

BANCBanc of California, Inc.

$3B

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$508M-7.2% YoY

Gross Profit

$248M48.9% margin

Operating Income

$42M8.3% margin

Net Income

$31M6.1% margin

EPS (Diluted)

$0.12

QoQ Revenue Growth

-53.8%

Cash Flow

Operating Cash Flow

-$88M

Free Cash Flow

-$93M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$36.1B

Total Liabilities

$32.7B

Stockholders' Equity

$3.4B

Cash & Equivalents

$3.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$508M	$548M	-7.2%
Gross Profit	$248M	$306M	-18.9%
Operating Income	$42M	-$1.3B	+103.4%
Net Income	$31M	-$1.2B	+102.6%

Revenue Segments

Noninterest Income

$10M50%

Other Commissions And Fees

$5M25%

Service Charges On Deposit Accounts

$5M24%

Other

$93,0000%