BUZZ-Banc of California climbs after strong loan growth forecast
ReutersJan 23, 2025 2:13 PM
Shares of regional lender Banc of California BANC.N rise 3% to $16.55 premarket
BANC expects mid-to high-single digit growth in loans this year vs analysts' expectation of 4.2% rise - LSEG data
Bank expects growth to be led by commercial loans
Citi analyst Benjamin Gerlinger says BANC's shares could see some upside vs peers due to its discounted valuation and strong loan growth outlook
Meanwhile, Q4 adjusted EPS of 28 cents tops Wall Street expectation of 23 cents
BANC stock jumped 15.1% in 2024
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