Banc of California (BANC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Banc of California

NYSE•Financial Services•Banks - Regional

$18.28-0.32(-0.02%)Pre-market

Market Cap

$2.85B

P/S

1.8x

P/B

0.8x

Banc of California, Inc. operates as the bank holding company for Banc of California that provides banking and treasury management services in the United States. The company offers deposit products, including checking, savings, money market, demand, and retirement accounts, as well as time deposits, certificates of deposit, and safe deposit boxes. It also provides real estate loans, such as commercial real estate mortgage, multi-family, other residential real estate mortgage, and real estate construction and land loans; commercial loans and leases comprising lender finance, equipment finance, other asset-based, venture capital, secured business, warehouse, and other lending loans; and consumer loans. In addition, the company offers electronic payment services for commercial clients, such as merchant acquiring and card issuing services; automated bill payments, cash and treasury management, master demand accounts, foreign exchange, interest rate swaps, card payment services, remote and mobile deposit capture, automated clearing house origination, wire transfer, and direct deposit; and investment management services. It serves small and middle-market businesses, venture capital and private equity firms, non-profit organizations, business owners, entrepreneurs, professionals, and high-net worth individuals. The company offers its products and services through branches located throughout California; Denver, Colorado; and Durham, North Carolina, as well as through regional offices in the United States. Banc of California, Inc. was founded in 1941 and is headquartered in Los Angeles, California.

How this company scores

WeakMetricSide Score: 48/100

Grade capped at D — Interest coverage below 1× (-0.1x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (25/25); weakest: Growth (4/25).

Profitability8/25

Growth4/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowLong cash runwayCash-backed earningsConsistent free cash flow

Grade capped at D

Interest coverage below 1× (-0.1x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.6x5y range 10.6x – 20.7x

Currently near its 6-quarter median.

P/S · 1.8x5y range 0.8x – 1.8x

Currently above its 11-quarter median.

P/B · 0.8x5y range 0.3x – 0.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 370.6% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $2.85B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.55B
Q. Revenue: $180.50M
TTM EBITDA: $-1.18M
TTM Op. Income: $-47.35M
Q. Op. Income: $-335.24M
TTM Net Income: $-22.38M
Q. Net Income: $-241.35M
EPS: $-1.61
Shares Out.: $155.80M

$1.55B in TTM revenue declined 12.9% YoY, reaching $180.50M last quarter. TTM EBITDA of $-1.18M and TTM operating income of $-47.35M show growth is flowing through to the bottom line. However, net income is negative at $22.38M — growth is not yet reaching the bottom line. Over the past year, TTM revenue is down 13% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 9.1%
EBITDA Margin: -182.3%
Op. Margin: -185.7%
Net Margin: -133.7%

Op. margin of -185.7% is down 196.3% YoY — costs are rising relative to revenue. Net margin at -133.7% and gross margin of 9.1% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.8x
P/B Ratio: 0.8x

P/S of 1.8x and P/B of 0.8x. P/S is low relative to typical market levels. Over the past year, P/E is down 34% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $35.03B
Cash: $2.82B
Long-Term Debt: $2.46B
Book Value: $3.41B
D/E Ratio: 0.7
Debt/EBITDA: N/A

With $35.03B in assets and $2.46B in long-term debt, D/E is 0.7and book value is $3.41B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 6 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $161.43M
TTM Free Cash Flow: $364.14M
FCF Margin: 23.5%
FCF / Net Income: -16.3

TTM FCF of $364.14M on $161.43M in operating cash flow. The FCF / Net Income ratio of -16.3x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 7 consecutive quarters — an improving trend.