earnings
confidence high
sentiment positive
materiality 0.70
Banc of California Q2 net income $26.7M, EPS $0.43; loan fundings $1.2B, NIM expands
BANC OF CALIFORNIA, INC.
- Net income $26.7M, diluted EPS $0.43; adjusted EPS $0.45.
- Loan fundings of $1.2B, highest in over 3 years.
- Net interest margin 3.58%, up 7 bps QoQ.
- Tangible book value per share $14.05, flat QoQ.
- Repurchased $38.9M common stock during Q2; $51.9M cumulative through July 20.