Banc of California (BANC) Tops Q2 EPS by 3c
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Banc of California Reports Second Quarter 2018 Earnings
July 26, 2018 6:01 AM EDTSANTA ANA, Calif., July 26, 2018 /PRNewswire/ -- Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders of $9.7 million, for the second quarter of 2018, resulting in diluted earnings per common share of $0.18 for the quarter.Â
Highlights for the second quarter included:
Strong Core Deposit Growth: Core deposits grew by $357 million allowing for the reduction of brokered deposits by $332 million and the reduction of FHLB advances by $100 million. Organic Loan Growth: Held for investment loans increased by $105 million during the quarter to... More