Recap: Banc of California Q1 Earnings

Banc of California BANC reported its Q1 earnings results on Thursday, April 21, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

Banc of California beat estimated earnings by 50.0%, reporting an EPS of $0.75 versus an estimate of $0.5.

Revenue was up $18.52 million from the same period last year.

Last quarter the company beat on EPS by $0.06 which was followed by a 0.26% increase in the share price the next day.

Here's a look at Banc of California's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.17	0.13	0.27	0.24
EPS Actual	0.23	0.38	0.32	0.25
Revenue Estimate	75.52M	65.27M	58.93M	62.54M
Revenue Actual	73.04M	62.98M	59.85M	57.92M

To track all earnings releases for Banc of California visit their earnings calendar here..

This article was generated by Benzinga's automated content engine and reviewed by an editor.