Banc of California, Inc. (NYSE:BANC) is reporting second quarter financial results on Thursday 23rd July 2020, before market open.
According to analysts surveyed by Thomson Reuters, BANC is expected to report 2Q20 loss of $ 0.39 per share from revenue of $ 55.34 million.
For the full year, analysts anticipate top line of $ 226.66 million, while looking forward to loss of $ 0.31 per share bottom line.
Previous Quarter Performance
Banc of California, Inc. revealed loss for the first quarter of $ 0.19 per share, from the revenue of $ 51.86 million. The quarterly earnings while revenues lowered 23.52 percent compared with the same quarter last year.
According to street consensus, BANC was expected to report 1Q20 income of $ 0.04 per share from revenue of $ 56.73 million. The bottom line results missed street analysts by $ 0 or , at the same time, top line results fell short of analysts by $ 4.87 million or 8.58 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Banc of California, Inc.
Stock Performance
According to the previous trading day, closing price of BANC was $ 10.20, representing a 58.39 % increase from the 52 week low of $ 6.44 and a 46.65 % decrease over the 52 week high of $ 19.12.
The company has a market capital of $ 511.61 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.06 per share on May 15, 2020. The dividend were payable on July 1, 2020 to holders of record as of the close of business on June 15, 2020 and ex-dividend date on June 12, 2020.
Conference Call
Banc of California, Inc. will be hosting a conference call at 1:00 PM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bancofcal.com
Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company offers deposit products, including checking, savings, money market, retirement, and interest and noninterest-bearing demand accounts, as well as certificates of deposit.
