Banc of California: Q3 Earnings Insights

Shares of Banc of California BANC were flat pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 153.33% year over year to $0.24, which beat the estimate of $0.15.

Revenue of $55,855,000 declined by 5.19% from the same period last year, which missed the estimate of $59,060,000.

Outlook

Banc of California hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Oct 22, 2020

Time: 01:00 PM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/banc/mediaframe/40909/indexr.html

Technicals

Company's 52-week high was at $19.12

52-week low: $6.44

Price action over last quarter: Up 3.91%

Company Overview

Banc of California Inc is a is a financial holding company. It offers banking and financial services. The company's services include banking services, lending services, and private banking services. Its deposit and banking product and service offerings include checking, savings, money market, certificates of deposit, and retirement accounts. Lending activities are focused on providing financing to California's diverse private businesses, entrepreneurs, and communities, and loans are often secured by California commercial and residential real estate.