BANC Q2 2024 Earnings — Banc of California, Inc. Revenue & Financial Results | Market Cap Arena

BANCBanc of California, Inc.

$3B

Q2 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$488M+20.0% YoY

Gross Profit

$244M50.0% margin

Operating Income

$45M9.1% margin

Net Income

$30M6.2% margin

EPS (Diluted)

$0.12

QoQ Revenue Growth

-3.9%

Cash Flow

Operating Cash Flow

$39M

Free Cash Flow

$31M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$35.2B

Total Liabilities

$31.8B

Stockholders' Equity

$3.4B

Cash & Equivalents

$2.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$488M	$407M	+20.0%
Gross Profit	$244M	$51M	+380.7%
Operating Income	$45M	-$264M	+116.9%
Net Income	$30M	-$197M	+115.4%

Revenue Segments

Noninterest Income

$9M50%

Service Charges On Deposit Accounts

$5M25%

Other Commissions And Fees

$4M24%

Other

$133,0001%