BANC Q2 2022 Earnings — Banc of California, Inc. Revenue & Financial Results | Market Cap Arena

BANCBanc of California, Inc.

$3B

Q2 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$96M+30.7% YoY

Gross Profit

$86M89.9% margin

Operating Income

$37M38.6% margin

Net Income

$27M27.9% margin

EPS (Diluted)

$0.43

QoQ Revenue Growth

+6.0%

Cash Flow

Operating Cash Flow

$70M

Free Cash Flow

$48M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$9.5B

Total Liabilities

$8.6B

Stockholders' Equity

$949M

Cash & Equivalents

$243M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$96M	$73M	+30.7%
Gross Profit	$86M	$66M	+31.2%
Operating Income	$37M	$26M	+44.0%
Net Income	$27M	$19M	+40.2%

Revenue Segments

Products and Services, Deposit Service Fees

$2M71%

Products and Services, Debit Card Fees

$542,00024%

Products and Services, Other

$137,0006%