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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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