Funds Allocated for the Restoration of the Playground at Palisades Park Affected by the FiresLOS ANGELES, April 9, 2025 /PRNewswire/ -- The LA Parks Foundation, which works to support the Los Angeles City Department of Recreation and Parks, is pleased to announce a $1 million donation from FireAid to restore the Pacific Palisades Playground, damaged in the Southern California wildfires in January. The LA Parks foundation, which will oversee the entire project, has also secured a $300,000 in-kind contributio ...

My last article on Banc of California (NYSE: BANC ) was nine months ago, and I considered it a buy since its TBV was priced well below its historical average. Since then, the stock has outperformed the S&P 500 by about 7%, and IHi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old. In 2023 I graduated in Business Administration and I am completing my studies. My interest in financial markets started about 5 years ago when I accidentally came across a video about t ...

Regulatory Compliance - The Company is subject to ongoing supervision and regulation by the FRB and DFPI as a bank holding company [82]. - The Company must serve as a source of financial and managerial strength for any FDIC-insured depository institution it controls [92]. - The regulatory framework requires prior approval for various corporate actions, including acquisitions and branch establishments [88]. - The Bank is subject to supervision and enforcement by the CFPB due to its assets exceeding $10 billion [125]. - The acting director of the CFPB directed staff to cease all supervision and examination activity, impacting regulatory oversight [126]. - The Company expects regulatory changes under the new presidential administration to impact rulemaking and supervision priorities [83]. - The Company cannot predict the future impact of regulatory changes on its business and financial condition [135]. Capital Ratios and Financial Health - As of December 31, 2024, the Company had capital ratios exceeding the minimums required to be considered "well capitalized" [90]. - As of December 31, 2024, the Bank was classified as "well capitalized" under the FDIC regulations [104]. - The Bank is in compliance with minimum CET1, Tier 1, total capital, and leverage ratios as of December 31, 2024 [109]. - The Bank adopted a five-year transition period to phase in the full effect of CECL on regulatory capital, with an add-back ranging from 0 to 3 basis points on various capital ratios as of December 31, 2024 [108]. - The ability of the Company to buy back stock and make capital distributions is limited by regulatory capital rules [90]. - The FRB may disapprove stock repurchases if deemed unsafe or unsound [90]. Dividends and Earnings - The Bank may declare dividends without the approval of the DFPI as long as total dividends do not exceed retained earnings or net earnings for the previous three fiscal years [100]. Regulatory Changes and Impact - The FDIC finalized a rule to increase the initial base deposit insurance assessment rate by 2.0 basis points starting from the first quarterly assessment period of 2023 [102]. - A special assessment was implemented by the FDIC at an annual rate of 13.4 basis points, expected to total $38.6 million over ten quarterly assessment periods [103]. - The Federal Reserve's monetary policies have materially affected the operating results of commercial banks and are expected to continue doing so [133]. - Future legislation or regulation could adversely affect the operating environment and profitability of the Company [135]. Cybersecurity and Privacy Regulations - Compliance with new cybersecurity incident notification rules was required by May 1, 2022, and the Company believes it is currently in compliance [129]. - The California Consumer Privacy Act and the California Privacy Rights Act have established stringent data privacy requirements, effective from January 1, 2020, and January 1, 2023, respectively [128]. - The Company is subject to increasing state-level privacy and cybersecurity regulations, which are being closely monitored [128]. Investment and Trading Regulations - The Volcker Rule imposes restrictions on short-term proprietary trading, but currently does not have a material impact on the Company's activities [131]. - The SEC has recommended enhancing examination authority over investment advisers, which may impact the Company's subsidiary BAM [134].

Banc of California, Inc. (NYSE:BANC) Q4 2024 Earnings Conference Call January 23, 2025 1:00 PM ET Company Participants Ann DeVries - Head, IR Jared Wolff - President & CEO Joe Kauder - CFO Conference Call Participants Timur Braziler - Wells Fargo Chris McGratty - KBW Matthew Clark - Piper Sandler Gary Tenner - D.A. Davidson Andrew Terrell - Stephens David Feaster - Raymond James Jared Shaw - Barclays Capital Operator Good day, and welcome to the Banc of California Fourth Quarter 2024 Earnings Conference Cal ...

Investor Presentation Draft v4.5 1/21/24 Fourth Quarter and Full Year 2024 Results Forward-Looking Statements and Other Matters This presentation includes forward-looking statements within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, liquidity and capital ratios and other non-historical statements. Words or phrases such as ...

Core Insights - Banc of California (BANC) reported revenue of $264.27 million for Q4 2024, a year-over-year increase of 36.9% [1] - The EPS for the same period was $0.28, a significant improvement from -$0.46 a year ago, with an EPS surprise of +21.74% compared to the consensus estimate of $0.23 [1] - The revenue fell short of the Zacks Consensus Estimate by -3.23% [1] Financial Performance Metrics - Net Interest Margin was reported at 3%, slightly below the average estimate of 3.1% [4] - Annualized net loan charge-offs to average total loans held-for-investment were 0.5%, higher than the estimated 0.1% [4] - Average balance of total interest-earning assets was $30.82 billion, compared to the estimated $30.96 billion [4] - Total Non-performing assets amounted to $199.34 million, exceeding the estimate of $174.39 million [4] - Total Non-performing loans were reported at $189.61 million, higher than the average estimate of $165.06 million [4] - Net Interest Income was $235.29 million, below the estimated $238.86 million [4] - Total Non Interest Income was $28.99 million, compared to the estimate of $34.19 million [4] - Other commissions and fees were $8.23 million, slightly above the estimate of $8.21 million [4] - Service charges on deposit accounts were $4.77 million, lower than the estimated $5.33 million [4] - Leased equipment income was $10.73 million, below the average estimate of $11.55 million [4] Stock Performance - Shares of Banc of California have returned +3.3% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Banc of California (BANC) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to loss of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.74%. A quarter ago, it was expected that this banking service and lending company would post earnings of $0.14 per share when it actually produced earnings of $0.25, delivering a surprise of 78.57%.Over the last ...

Exhibit 99.1 Banc of California, Inc. Reports Fourth Quarter Diluted Earnings per Share of $0.28, Reflecting Strong Year-Over-Year Net Interest Margin Expansion and Lower Noninterest Expenses Company Release – 1/23/2025 LOS ANGELES, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) ("Banc of California" or the "Company"), the parent company of wholly-owned subsidiary Banc of California (the "Bank"), today reported financial results for the fourth quarter and year ended December 31, 2024. The Co ...

The upcoming report from Banc of California (BANC) is expected to reveal quarterly earnings of $0.23 per share, indicating an increase of 150% compared to the year-ago period. Analysts forecast revenues of $273.08 million, representing an increase of 41.5% year over year.The current level reflects an upward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over th ...

Investors might want to bet on Banc of California (BANC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.In ...