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Los Angeles-based bank focused on business banking for California companies, formed via 2023 merger with PacWest.
Los Angeles-based bank focused on business banking for California companies, formed via 2023 merger with PacWest.
Earns mostly the interest spread on loans to California businesses, plus deposit and treasury fees. The 2023 merger, in which it took over PacWest, was backed by an investment group of Warburg Pincus and Centerbridge.
Moat: narrow (scale). Post-merger scale and California business relationships, though still integrating two legacy franchises.
Headquarters: Los Angeles, California, US · Founded: 1941 · Employees: 1,904
Size Banc of California (BANC) is a United States Financials company (Regional Banks) with a market value of $2.86B, the 1582nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $17.98 on 6 Nov 2026.
Performance Over six months the shares fell 5.6%, against +1.0% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 14.2% over the last twelve months (peer median +1.2%); the operating margin is -3.5% (peer median 36.7%).
Valuation It trades at 1.00× book value against a peer median of 1.07× (8th cheapest of 21).
Price implies The share price implies a return on equity of about 8.6%; Banc of California delivers -0.3%, so the price asks more than the business earns today.
Short interest Short interest is 7.1% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.56B | $1.82B | $1.89B | $1.52B | $1.64B |
| Revenue growth | — | -4% | +24% | -7% | — |
| Net income | -$9.01M | $229M | $127M | -$1.90B | $416M |
| Free cash flow | n/a | $256M | $72.4M | $127M | $581M |
| Capital expenditure | n/a | $0 | $5.18M | $0 | $121M |
| Total debt | $2.98B | $3.14B | $2.46B | $4.01B | $2.78B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Banc of California BANC | $2.86B | -6% | -14% | 0% | 1.00× | 8.6% |
| Western Alliance Bancorp WAL | $8.13B | -8% | +8% | 13% | 1.11× | 12.9% |
| East West Bancorp EWBC | $17.7B | +5% | +3% | 17% | 1.95× | 16.3% |
| CVB Financial CVBF | $3.99B | +12% | +23% | 9% | 1.27× | 9.8% |
| Cathay General Bancorp CATY | $4.24B | +12% | +3% | 12% | 1.39× | 11.8% |
| Hope Bancorp HOPE | $1.68B | +6% | +7% | 6% | 0.75× | 7.6% |
| Columbia Banking System COLB | $8.62B | +1% | +22% | 11% | 1.19× | 9.3% |
| Hanmi Financial HAFC | $964M | +8% | +3% | 11% | 1.19× | 9.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BANC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.6% | +0.1% | 7th highest of 21 |
| 6-month return | -5.6% | +1.0% | 9th lowest of 21 |
| Return on equity | -0.3% | 9.2% | lowest of 21 |
| Price / book | 1.00× | 1.07× | 8th cheapest of 21 |
| ROE the price implies | 8.6% | 8.1% | 9th most demanding of 19 |
| ROE delivered | -0.3% | 9.6% | lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Banc of California BANC | United States | $2.86B | -6% | -14% | 0% | 1.00× | 8.6% | -0.3% |
| BNK Financial 138930.KS | South Korea | $2.88B | -31% | +10% | 8% | 0.39× | 4.1% | n/a |
| Customers Bancorp CUBI | United States | $2.82B | +10% | +8% | 14% | 1.29× | 14.7% | 13.6% |
| Valiant VATN.SW | Switzerland | $2.93B | -9% | -11% | 6% | 0.86× | n/a | 5.8% |
| Union Bank of Taiwan 2838.TW | Taiwan | $2.75B | +2% | -9% | 8% | 1.06× | 3.7% | 8.5% |
| Bank of Hawaii BOH | United States | $2.73B | -13% | +1% | 14% | 1.84× | 13.0% | 13.6% |
| Suruga Bank 8358.T | Japan | $2.73B | +10% | +13% | 14% | 1.32× | 8.2% | 13.7% |
| Weihai Bank 9677.HK | Hong Kong | $2.70B | +5% | +6% | 9% | 0.64× | 4.5% | 9.2% |
| Cembra Money Bank CMBN.SW | Switzerland | $3.03B | -9% | -3% | 15% | 1.93× | 4.1% | 14.7% |
| First Hawaiian FHB | United States | $3.04B | -9% | +1% | 10% | 1.08× | 9.3% | 9.9% |
| First Bancorp FBNC | United States | $2.67B | +10% | +14% | 10% | 1.56× | 12.2% | 9.9% |
| Xiamen Bank 601187.SS | China | $2.67B | -13% | 0% | 10% | 0.63× | 3.2% | 10.0% |
| Dongguan Rural Commercial Bank 9889.HK | Hong Kong | $2.63B | -14% | 0% | 7% | 0.29× | 3.7% | 6.6% |
| Walliser Kantonalbank WKBN.SW | Switzerland | $3.15B | +4% | -12% | 5% | 1.50× | n/a | 5.3% |
| Trustmark TRMK | United States | $2.58B | 0% | -4% | 11% | 1.25× | 9.6% | 11.2% |
| UCO Bank UCOBANK.NS | India | $3.17B | -13% | +1% | 9% | 0.86× | 13.6% | n/a |
| Beacon Financial BBT | United States | $2.57B | +6% | +74% | 9% | 1.02× | 7.9% | 9.1% |
| Banner BANR | United States | $2.55B | +7% | +2% | 10% | 1.20× | 10.1% | 10.0% |
| Bank of Guiyang 601997.SS | China | $3.20B | -3% | -5% | 7% | 0.32× | 2.0% | 6.9% |
| Seacoast Banking Corporation of Florida SBCF | United States | $3.24B | +8% | +29% | 7% | 1.25× | 10.9% | 6.8% |
| North Pacific Bank 8524.T | Japan | $2.50B | +8% | +25% | 7% | 1.02× | 8.1% | 7.1% |