Feed / BANC

Banc of California, Inc.

BANC

Financial Services · 18.55 +0.8% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Banc of California, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Company+0.8% todayVolume comparison unavailable
Market group0 of 26 activeIndustrial Cyclicals · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • Secondary liquidity fell $1.9 billion to $7.9 billion as available secured borrowing capacity declined at the FRB and FHLB.

Invalidation: The isolated read changes if BANC's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Financial Services · Banks - Regional

No new filing conclusion is available. 0 of 26 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Secondary liquidity fell $1.9 billion to $7.9 billion as available secured borrowing capacity declined at the FRB and FHLB.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements130
Verified relationships2
Evidence supporting the case
  • Net margin changed +249.3 percentage points in the latest annual period.
  • Operating cash flow covered net income at 1.12x in the latest annual period.
Evidence challenging the case
  • Credit and interest rates has repeated adverse evidence across 5 filings.
Questions before a position
  • EV/sales is 334% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

18.55
6m+10.4%12m+10.3%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$24.8M+552.2%$7.76
2022-12-31$30.7M+23.5%$5.14+0.5%
2023-12-31$33.8M+10.0%$-22.71+10.5%
2024-12-31$37.2M+10.2%$0.52
2025-12-31$38.8M+4.2%$1.17-4.1%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 5 filings
Borrowings The following table summarizes our borrowings as of the dates indicated: June 30, 2026 December 31, 2025 Weighted Weighted Average Average Balance Rate Balance Rate (Dollars in thousands) FHLB secured advances $ 2,350,000 3.88 % $ 1,710,185 3.90 %…
10-Q · Aug 7, 2026
Legal and regulatory exposurepositive · 1 filings
In recent years, competition has increased from institutions not subject to the same regulatory restrictions as domestic banks and bank holding companies.
10-K · Feb 27, 2026
Macroeconomic conditionsmixed · 1 filings
During the year ended December 31, 2023, the Company recorded goodwill impairment of $ 1.4 billion due to the decline in the economic conditions in the banking industry.
10-K · Feb 27, 2026
Restructuring and cost reductionsmixed · 1 filings
During the year ended December 31, 2023, the Company recorded goodwill impairment of $ 1.4 billion due to the decline in the economic conditions in the banking industry.
10-K · Feb 27, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 77.3× · EV/sales 130.5×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.

Price action

How the market is pricing the story

18.55+0.8% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for BANC. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for BANC. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind BANC

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

TBBKThe Bancorp, Inc.partnerFeb 27, 2026

Presentation of Results – PacWest Bancorp Merger On November 30, 2023, PacWest Bancorp merged with and into Banc of California, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

BANC is currently a Follower in the organic co-movement group Industrial Cyclicals. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.