Banc of California Inc reports results for the quarter ended December 31 - Earnings Summary

• Banc of California Inc BANC.N reported quarterly adjusted earnings of 28 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.49. The mean expectation of ten analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 22 cents to 26 cents per share.

• Revenue rose 55.8% to $235.29 million from a year ago; analysts expected $246.81 million.

• Banc of California Inc's reported EPS for the quarter was 28 cents​.

• The company reported quarterly net income of $46.97 million.

• Banc of California Inc shares had risen by 3.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Banc of California Inc is $20.00

This summary was machine generated from LSEG data January 23 at 05:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)