Headquartered in Los Angeles, CA Fiscal year ends December NYSE: BANC bancofcal.com
Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $34 billion in assets and the parent company of Banc of California. The bank is a relationship-based business bank providing banking and treasury management services to small, middle-market, and venture-backed businesses. It is the largest independent bank headquartered in California's largest city and the third largest bank headquartered in California, operating 77 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, along with regional offices nationwide. The bank offers a broad range of loan and deposit products across multiple segments including multifamily, commercial real estate, residential/consumer, C&I, warehouse lending, venture lending, fund finance, SBA lending, lender finance, and equipment lending. It also provides full-service payment processing solutions and serves the Community Association Management (HOA) industry nationwide through its technology-forward SmartStreet platform. The bank maintains a diversified non-depository financial institution (NDFI) lending portfolio representing approximately 22% of total loans. Banc of California serves the venture banking sector with dedicated technology and life science lending capabilities. Updated
A 66-year-old with $1.3 million can’t afford a dividend cut. The hunt for yield often pushes retirees into mega-caps, but I think the real income value sits in mid-caps whose GAAP earnings…
Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $34 billion in assets and the parent company of Banc of California. The bank is a relationship-based business bank providing banking and treasury management services to small, middle-market, and venture-backed businesses.
The Wall Street consensus 12-month price target for BANC is $21.83.
