BANC
Banc of California Inc
Dividend Yield: 2.09%
Next Ex Date: 9/9/2016
% Off 52 Week High: -0.13%
AVG Volume: 482.4K
P/E Ratio: 16.2
Average Target Price: $25.00
Fundamentals
Revenue (TTM) has risen for more than five consecutive quarters. One year ago the firm reported $365 million in revenue. For the most recent year it reported $490 million (a 34.0% one-year rise). Two-years ago the firm reported annual revenue of $224 million (up 118.3%).
Operating revenue over operating expense simply shows us how much revenue (in dollars) is generated for every dollar of expense. The ratio must be (at a minimum) above 1.0 in order for a company to turn an operating profit. For the latest quarter BANC showed a ratio of 1.47.
Net Income (after tax profit) over the trailing twelve months (TTM) for BANC is rising. For the most recent trailing-twelve-months (TTM) the company reported net income of $80 (million). That's an increase in the most recent year from $50 (million) or a 59.68% change. Net Income (TTM) (aka annual earnings) is trending higher meaning that annual earnings have increased for at least five consecutive quarters.
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6 Month % Change
Company Background
Banc of California, Inc. is a financial holding company. The Company is the parent of Banc of California, National Association (the Bank) and The Palisades Group, LLC (The Palisades Group). The Company operates through Commercial Banking; Mortgage Banking; Financial Advisory, and Corporate/Other segments. The business of the Commercial Banking segment consists of attracting deposits and investing these funds primarily in commercial, consumer and real estate secured loans. The business of the Mortgage Banking segment is originating conforming single-family residential (SFR) loans and selling these loans in the secondary market. The business of the Financial Advisory segment is operated by The Palisades Group and provides services of purchase, sale and management of SFR mortgage loans. The Corporate/Other segment includes the holding company. The Corporate/Other segment engages in business activities through the sale of other real estate owned and loans held at the holding company.
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