Recap: Banc of California Q1 Earnings

Banc of California (NYSE:BANC) reported its Q1 earnings results on Thursday, April 20, 2023 at 06:02 AM.

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

Banc of California reported in-line EPS of $0.37 versus an estimate of $0.37.

Revenue was down $3.39 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 0.59% increase in the share price the next day.

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

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.43	0.47	0.44	0.50
EPS Actual	0.45	0.44	0.45	0.75
Revenue Estimate	80.89M	84.68M	80.46M	77.05M
Revenue Actual	80.22M	79.41M	78.30M	76.44M

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.