Inactive Instrument

Banc of California, Inc. Nasdaq

PACW

US6952631033

PacWest: Q3 Earnings Snapshot

October 18, 2021 at 04:43 pm EDT

BEVERLY HILLS, Calif. (AP) _ PacWest Bancorp (PACW) on Monday reported third-quarter earnings of $140 million.

The bank, based in Beverly Hills, California, said it had earnings of $1.17 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The holding company for Pacific Western Bank posted revenue of $341.4 million in the period. Its revenue net of interest expense was $327.2 million, which also beat Street forecasts. Four analysts surveyed by Zacks expected $315.8 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PACW at https://www.zacks.com/ap/PACW

Latest news about Banc of California, Inc.

North American Morning Briefing : Tech in Focus on -2-	Mar. 25	DJ
Keefe, Bruyette & Woods Upgrades Banc of California to Outperform From Market Perform, Adjusts Price Target to $18 From $16	Mar. 22	MT
Banc of California, Inc.(NYSE:BANC) added to S&P Banks Select Industry Index	Mar. 17	CI
Barclays Initiates Banc of California With Equalweight Rating, Price Target is $16	Mar. 08	MT
Banc Of California Insider Bought Shares Worth $430,662, According to a Recent SEC Filing	Mar. 01	MT
Banc of California, Inc. Appoints Michael David as Executive Vice President for Technology Banking-West	Feb. 25	CI
Banc of California Keeps Quarterly Cash Dividend at $0.10 a Share, Payable April 1 to Holders of Record as of March 15	Feb. 09	MT
Banc of California, Inc. Declares Quarterly Cash Dividend on Outstanding Common Stock, Payable on April 1, 2024	Feb. 08	CI
Truist Securities Raises Banc of California Price Target to $16 From $13, Maintains Hold Rating	Jan. 30	MT
Wedbush Raises Banc of California's PT to $16 From $14, Notes 'Messy' Q4 2023 Results But 'Solid' Full-Year 2024 Guidance; Keeps Neutral Rating	Jan. 26	MT
Transcript : Banc of California, Inc., Q4 2023 Earnings Call, Jan 25, 2024	Jan. 25
Banc of California Reports Q4 Loss, No Revenue	Jan. 25	MT
Banc of California, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 25	CI
Banc of California, Inc. Reports Net Charge-Offs for the Quarter Ended December 31, 2023	Jan. 25	CI
North American Morning Briefing :Stock Futures Steady Ahead of GDP Report; More Earnings in Focus Too	Jan. 25	DJ
Banc of California, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 25	CI
Codorus Valley to merge with Orrstown Financial in all-stock deal	Dec. 12	RE
RBB Bancorp Names Lynn Hopkins as Interim CFO	Dec. 11	MT
Banc Of California Insider Bought Shares Worth $126,588, According to a Recent SEC Filing	Dec. 07	MT
Banc Of California Insider Sold Shares Worth $2,533,400, According to a Recent SEC Filing	Dec. 07	MT
Banc of California Designates Los Angeles as Headquarters	Dec. 05	CI
Banc of California to Relocate Headquarters to Los Angeles From Orange County	Dec. 05	MT
Banc of California to Reportedly Move Headquarters to Los Angeles	Dec. 05	MT
Truist Securities Initiates Banc of California at Hold Rating With $14 Price Target	Dec. 04	MT
Banc of California, Inc. announced that it has received $400 million in funding from Warburg Pincus LLC, Centerbridge Partners, L.P.	Nov. 29	CI

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Company Profile

Banc of California, Inc. is a bank holding company for its subsidiary, Banc of California (the Bank), a California state-chartered bank. The Bank provides a range of loan and deposit products and services through more than 90 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, and full-stack payment processing solutions through its subsidiary, Deepstack Technologies, LLC. The Bank also serves the Community Association Management Industry nationwide with its technology-forward platform SmartStreet. The Bank is organized into four business groups: Community Banking, Specialty Banking, Deposit Services, and Payment Solutions. Specialty Banking is focused on serving clients in niche verticals by industry, including homeowner associations, venture banking, SBA lending, mortgage warehouse lending, media and entertainment and equipment finance. Deposit Services provide valuable services to clients in the Community and Specialty Banking groups.

Sector

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2024-04-22 - Q1 2024 Earnings Release

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