BANC Q2 2023 Earnings — Banc of California, Inc. Revenue & Financial Results | Market Cap Arena

BANCBanc of California, Inc.

$3B

Q2 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$407M+325.3% YoY

Gross Profit

$51M12.5% margin

Operating Income

-$264M-65.0% margin

Net Income

-$197M-48.6% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

-25.8%

Cash Flow

Operating Cash Flow

$61M

Free Cash Flow

$66M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$9.4B

Total Liabilities

$8.4B

Stockholders' Equity

$957M

Cash & Equivalents

$284M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$407M	$96M	+325.3%
Gross Profit	$51M	$86M	-41.0%
Operating Income	-$264M	$37M	-817.2%
Net Income	-$197M	$27M	-839.0%

Revenue Segments

Products and Services, Deposit Service Fees

$1M65%

Products and Services, Debit Card Fees

$424,00020%

Products and Services, Other

$331,00016%