Banc of California, Inc.
BANC-PF
New York Stock Exchange25.11
USD
-0.09
- -
CIK
0001169770
ISIN
US05990K8412
CUSIP
05990K841
Return %
Stock
S&P500
1Y
2.02
26.53
3Y
16.67
76.60
5Y
16.67
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jared Wolff
- Full Time Employees
- 1,903
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 11611 San Vicente Boulevard Los Angeles CA United States of America 90049
- IPO Date
- Dec 1, 2023
- CIK
- 0001169770
- Website
- bancofcal.com
- Similar Companies
- Business
- Banc of California, Inc. (NYSE: BANC) operates as a bank holding company providing relationship-focused commercial banking services to small- and middle-market businesses, entrepreneurs, venture capital firms, private equity groups, professionals and high-net-worth individuals primarily in California, with additional branches in Denver, Colorado, and Durham, North Carolina; it offers commercial and industrial loans, commercial real estate and multifamily loans, construction loans, single-family residential mortgages, warehouse and leveraged lending, small business administration loans, home equity lines of credit, personal, auto and other consumer loans, equipment financing, asset-based lending, venture capital lending, secured business loans, real estate loans for acquisition, construction, refinancing, renovation and operation of commercial properties, treasury management services including cash management, payment processing, fraud prevention and liquidity solutions, deposit products such as checking, savings, money market accounts and certificates of deposit, automated bill payment, foreign exchange, card payments, remote and mobile deposit capture, automated clearing house origination, wire transfers, direct deposit, internet banking, interest rate swaps, master demand accounts, safe deposit boxes, international banking, multi-state deposits and asset and investment management. Founded in 1941 as Pacific Trust Company in Santa Ana, California, the company is headquartered in Los Angeles, California, and maintains approximately 80 branches across its primary markets with about 2,000 employees nationwide including offices in New York and Chicago. Banc of California completed its transformative merger with PacWest Bancorp in late 2023 for $1.1 billion in an all-stock transaction supported by $400 million in new equity from Warburg Pincus and Centerbridge Partners, creating a premier California business bank with over $38 billion in assets, enhanced scale for technology investments, client experience improvements and business development; integration efforts continued through 2024, including balance sheet repositioning with strategic loan sales such as $506.7 million in Q2 2025 and a $111.5 million share repurchase program, alongside strong revenue growth, improved net interest margins and double-digit adjusted earnings expansion into Q3 2025. In March 2021, the company acquired Pacific Mercantile Bank for $235 million, expanding its Southern California footprint; more recently in 2025, CEO Jared Wolff advanced to President, Chairman and CEO, while the institution supported community recovery efforts including a $1 million donation to the Wildfire Relief & Recovery Fund following the January 2025 Southern California Wildfires and $250,000 to the L.A. Area Chamber's Small Business Disaster Relief Fund.