Banc of California, Inc. (BANC) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: Banc of California, Inc.

Market cap $3B · 52 weeks $16 – $22 (16 % below the high) · P/E no earnings · 2027 expected P/E 8.6× · Dividend 2.5 % · Next earnings January 20, 2027 · expected EPS $0.50 · Closing price, Oct 30 · accounts published Oct 27.

• Valuation: P/B 0.9× (expensive).
• Business: ROTCE 7.1 % (weak).
• Balance sheet: Capital/assets 10.2 % (solid).
• Earnings: 6 of 8 (on track).

What would it be worth at its usual multiples?

At a P/B justified by its ROTCE 7.1 % (0.8×) $17 (-7 %); at its peers' median (1.5×) $32 (+74 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

What matters in banking: 2 of 5 pass

• ROA −0.0 %, fails.
• ROTCE 7.1 %, fails.
• P/B (Price / Book) 0.9×, fails.
• Equity / Assets (Tier 1 proxy) 10.2 %, passes.
• Sustainable dividend yield 2.5 %, passes.

Against its peers (reference peers) — Banc of California, Inc.: P/E —; P/B 0.9×; ROE -0.2 %; $2.9B. Provident Financial Services, Inc. (P/E 9.6×; P/B 1.1×; ROE 10.8 %; $3.0B), Bank of Hawaii Corporation (P/E 12.3×; P/B 1.5×; ROE 13.3 %; $2.7B), Park National Corporation (P/E 15.4×; P/B 1.9×; ROE 12.3 %; $3.2B).

Expensive or cheap against its last ten fiscal years?

P/B at each close: today 0.9× · median 1.8× · minimum 0.4× · maximum 3.4× · cheap below 0.9× · expensive above 2.4×. It has been cheaper than today only 29% of the time over its last ten fiscal years.

Dividend

tight (only raised recently) · Yield 2.5 % ($0.67 per share in 2025) · Years raising it 2 · 5-year growth +25 % a year · Free cash flow coverage payout 45 % · With $1,000 invested today you'd collect $25.20 a year ($2.10 a month).