BANC Q3 2023 Earnings — Banc of California, Inc. Revenue & Financial Results | Market Cap Arena

BANCBanc of California, Inc.

$3B

Q3 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$486M+377.7% YoY

Gross Profit

$170M35.1% margin

Operating Income

-$27M-5.5% margin

Net Income

-$23M-4.8% margin

EPS (Diluted)

$0.74

QoQ Revenue Growth

+19.5%

Cash Flow

Operating Cash Flow

$30M

Free Cash Flow

$27M

Stock-Based Comp.

$257,000

Balance Sheet

Total Assets

$9.2B

Total Liabilities

$8.2B

Stockholders' Equity

$1.0B

Cash & Equivalents

$311M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$486M	$102M	+377.7%
Gross Profit	$170M	$85M	+100.1%
Operating Income	-$27M	$34M	-177.8%
Net Income	-$23M	$24M	-196.5%

Revenue Segments

Products and Services, Deposit Service Fees

$2M71%

Products and Services, Debit Card Fees

$417,00019%

Products and Services, Other

$214,00010%