Banc of California, Inc. Financial Ratios — BANC-PF Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	-10.25	17.04	-10.34	112.68	111.31	95.99	26.57	18.11	6.08	-1.08	461.82	51.49	- -	- -	- -
Return on Assets (%)	-0.29	0.45	- -	0.63	0.87	1.2	0.54	0.43	0.26	0.16	7.03	1.67	-4.76	0.35	0.67
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	2.39	3.43	3.82	3.71	5.5	4.18	4.77	4.45	7.15	7.32	7.44	7.26	32.79	12.31	9.16
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-11.13	8.69	4.36	9	25.38	25.4	7.84	15.05	10.75	5.9	64.21	42.32	-794.35	17.11	28.38
Profit Margin (%)	-10.04	8.53	-0.05	10.27	22.77	29.17	16.82	14.56	9.13	5.16	47.39	31.59	-682.2	12.87	20.76
Net Income to Common Margin (%)	-12.01	6.59	-1.25	9.03	19.17	24.14	10.86	8.32	3.15	-0.53	46.74	30.15	-696.49	8.83	17.15
Effective Tax Rate (%)	- -	1.88	101.06	- -	40.55	13.68	- -	10.31	15.08	12.44	26.19	25.36	- -	24.76	26.86
Dvd Payout Ratio (%)	-91.29	100.39	-296.87	40.21	52.97	32.26	77.85	155.35	192	-914.83	18.56	29.75	-2.52	78.41	33.77
Sustainable Growth Rate (%)	-19.61	-0.07	-41.05	67.38	52.34	65.02	5.89	-10.02	-5.59	-11	376.1	36.17	- -	- -	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	20	157	332	727	1,192	733	1,868	1,693	1,392	817	775	2,631	3,848	2,160	3,017
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25	- -	2,618	- -	240
LT Debt	20	157	332	727	1,192	733	1,868	1,693	1,392	817	750	2,631	1,230	2,160	2,777
Total Debt/EBITDA	30.77	65.12	47.93	66.58	79.51	44.36	114.23	121.94	74.76	45.84	8.13	27.01	42.15	17.79	29.86
Net Debt/EBITDA	-37.65	17.95	31.78	45.22	69	17.71	90.52	93.74	53.43	32.29	5.74	4.01	-16.76	-2.82	7.01
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2.78	1.59	0.47	0.5	0.78	1.22	1.41	1.33	1.64	1.41	1.58	3.45	-1.34	-1.28	-0.69
Long-Term Debt/Equity (%)	10.84	83.14	102.29	144.36	182.69	74.81	184.52	179.07	153.44	91.03	70.45	66.6	36.26	61.71	78.41
Long-Term Debt/Capital (%)	25.1	72.81	77.39	86.87	82.39	64.47	81.84	81.96	81.4	73.43	73.65	57.81	32.11	96.9	84.79
Long-Term Debt/Total Assets (%)	2	9.33	9.16	12.17	14.47	6.65	18.09	15.93	17.78	10.37	7.99	6.38	3.19	6.44	7.98
Total Debt/Equity (%)	10.84	83.14	102.29	144.36	182.69	74.81	184.52	179.07	153.44	91.03	72.79	66.6	113.48	61.71	85.18
Total Debt/Capital (%)	25.1	72.81	77.39	86.87	82.39	64.47	81.84	81.96	81.4	73.43	76.1	57.81	100.47	96.9	92.12
Total Debt/Total Assets (%)	2	9.33	9.16	12.17	14.47	6.65	18.09	15.93	17.78	10.37	8.25	6.38	9.99	6.44	8.67
Net Debt to Equity	-13.27	22.92	67.83	98.04	158.53	29.87	146.22	137.66	109.67	64.12	51.38	9.89	-45.11	-9.79	20.01
Net Debt/Capital (%)	-69.51	42.47	69.42	81.8	80.24	42.01	78.13	77.74	74.43	64.53	69.21	16.91	98.83	125.23	73.3
EBITDA	1	2	7	11	15	17	16	14	19	18	95	97	91	121	101
EBITDA-CapEx	-4	-4	-48	-1	-68	-28	1	5	8	13	47	-46	76	108	80
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	2.78	1.59	0.47	0.5	0.78	1.22	1.41	1.33	1.64	1.41	1.58	3.45	-1.34	-1.28	-0.69
Long-Term Debt/Equity (%)	10.84	83.14	102.29	144.36	182.69	74.81	184.52	179.07	153.44	91.03	70.45	66.6	36.26	61.71	78.41
Long-Term Debt/Capital (%)	25.1	72.81	77.39	86.87	82.39	64.47	81.84	81.96	81.4	73.43	73.65	57.81	32.11	96.9	84.79
Long-Term Debt/Total Assets (%)	2	9.33	9.16	12.17	14.47	6.65	18.09	15.93	17.78	10.37	7.99	6.38	3.19	6.44	7.98
Total Debt/Equity (%)	10.84	83.14	102.29	144.36	182.69	74.81	184.52	179.07	153.44	91.03	72.79	66.6	113.48	61.71	85.18
Total Debt/Capital (%)	25.1	72.81	77.39	86.87	82.39	64.47	81.84	81.96	81.4	73.43	76.1	57.81	100.47	96.9	92.12
Total Debt/Total Assets (%)	2	9.33	9.16	12.17	14.47	6.65	18.09	15.93	17.78	10.37	8.25	6.38	9.99	6.44	8.67
CFO/Total Liabilities	1.67	-2.21	-13.18	-11.48	-0.57	0.18	6.04	1.27	1.16	1.07	6.04	1.88	0.39	0.26	0.82
CFO/CapEx	2.79	-5.36	-7.92	-53.8	-0.52	0.41	36.74	13.67	7.66	14.7	10.47	4.89	8.92	5.93	12.27
Altman's Z-Score	0.07	0.06	0.06	0.06	0.04	0.05	0.05	0.05	0.06	0.05	0.16	0.08	-0.01	0.01	0.02

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	7.65	16.41	22.85	22.64	14.38	34.71	- -	- -	- -	- -	- -	17.07	1.88	7.47	8.59
Days Sales Outstanding	47.69	22.24	15.97	16.12	25.39	10.52	- -	- -	- -	- -	- -	21.38	193.81	48.87	42.5
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	44	114	112	233	158	441	388	392	373	221	228	2,240	5,378	2,502	2,308
+ Preferred Equity and Hybrid Capital	32	32	80	80	191	269	269	231	190	185	95	499	499	499	499
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	20	157	332	727	1,192	733	1,868	1,693	1,392	817	775	2,631	3,848	2,160	3,017
Enterprise Value	-94	-46	130	228	391	-1,820	-826	-460	296	-451	-673	-3,954	-3,378	-2,091	1,196
Total Capital	80	216	429	836	1,447	1,137	2,282	2,066	1,710	1,112	1,019	4,551	3,830	2,229	3,275
Total Debt/Capital (%)	25.1	72.81	77.39	86.87	82.39	64.47	81.84	81.96	81.4	73.43	76.1	57.81	100.47	96.9	92.12
Total Debt / EV	-0.21	-3.4	2.55	3.19	3.05	-0.4	-2.26	-3.68	4.7	-1.81	-1.15	-0.67	-1.14	-1.03	2.52
EV/Sales	- -	- -	0.72	0.77	1.44	- -	- -	- -	1.14	- -	- -	- -	- -	- -	1.08
EV/EBITDA	- -	- -	18.78	20.86	26.11	- -	- -	- -	15.89	- -	- -	- -	- -	- -	11.84
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	3.69	- -	- -	- -	- -	- -	4.68
EV/Free Cash Flow to Firm	- -	- -	- -	- -	9.72	- -	- -	- -	3.26	- -	- -	- -	- -	- -	4.33
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	7	75	300	573	1,225	562	1,749	1,533	1,208	781	642	889	-1,031	156	1,207
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	27	70	181	294	273	396	343	312	260	243	1,281	1,341	278	986	1,103
TTM EBITDA	1	2	7	11	15	17	16	14	19	18	95	97	91	121	101
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	14	-33	-435	-628	-43	18	563	123	80	75	503	702	136	77	256
TTM Free Cash Flow to Firm	19	-27	-381	-616	40	63	578	132	91	80	551	846	151	90	276

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-94	-46	130	228	391	-1,820	-826	-460	296	-451	-673	-3,954	-3,378	-2,091	1,196
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21	21.25	16.05
EV/Sales	- -	- -	0.72	0.77	1.44	- -	- -	- -	1.14	- -	- -	- -	- -	- -	1.08
EV/EBITDA	- -	- -	18.78	20.86	26.11	- -	- -	- -	15.89	- -	- -	- -	- -	- -	11.84
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	0.27	1.07	1.66	1.95	4.49	1.42	5.1	4.91	4.64	3.21	0.5	0.66	- -	0.16	1.09
EV/Sales High	0.27	1.07	1.66	1.95	4.49	1.42	5.1	4.91	4.64	3.21	0.5	0.66	- -	0.16	1.09
EV/Sales Low	0.27	1.07	1.66	1.95	4.49	1.42	5.1	4.91	4.64	3.21	0.5	0.66	- -	0.16	1.09
EV/EBITDA Average	11.48	31.2	43.3	52.54	81.72	33.99	106.97	110.39	64.89	43.83	6.74	9.13	-11.3	1.29	11.95
EV/EBITDA High	11.48	31.2	43.3	52.54	81.72	33.99	106.97	110.39	64.89	43.83	6.74	9.13	-11.3	1.29	11.95
EV/EBITDA Low	11.48	31.2	43.3	52.54	81.72	33.99	106.97	110.39	64.89	43.83	6.74	9.13	-11.3	1.29	11.95
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	23.22	24.43	19.23
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	24.49	25	25.6
Enterprise Value Average	7	75	300	573	1,225	562	1,749	1,533	1,208	781	642	889	-1,031	156	1,207
Enterprise Value High	7	75	300	573	1,225	562	1,749	1,533	1,208	781	642	889	-1,031	156	1,207
Enterprise Value Low	7	75	300	573	1,225	562	1,749	1,533	1,208	781	642	889	-1,031	156	1,207

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	12	12	20	35	38	50	51	51	51	50	63	59	168	169	155
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Banc of California, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)