Recap: Banc of California Q3 Earnings

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Banc of California BANC reported its Q3 earnings results on Thursday, October 20, 2022 at 06:02 AM.

Here's what investors need to know about the announcement.

Earnings

Banc of California missed estimated earnings by 6.38%, reporting an EPS of $0.44 versus an estimate of $0.47.

Revenue was up $16.43 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01 which was followed by a 4.95% drop in the share price the next day.

Here's a look at Banc of California's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.44 0.50 0.17 0.13
EPS Actual 0.45 0.75 0.23 0.38
Revenue Estimate 80.46M 77.05M 75.52M 65.27M
Revenue Actual 78.30M 76.44M 73.04M 62.98M

To track all earnings releases for Banc of California visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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