Banc of California (BANC) Misses Q1 EPS by 20c, Revenues Miss
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Banc of California Reports First Quarter 2019 Earnings
April 23, 2019 5:00 AM EDTSANTA ANA, Calif.--(BUSINESS WIRE)-- Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders of $2.7 million, for the first quarter of 2019, resulting in diluted earnings per common share of $0.05 for the quarter.
Highlights for the first quarter included:
Core Deposits: Core deposit balances were up to $6.3 billion from $6.2 billion in the prior quarter and $5.7 billion a year ago. Wholesale funding mix is 24% in the first quarter, down from 30% at the end of 2018. Noninterest bearing deposits increased by $97 million.... More