BANC OF CALIFORNIA, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data BANC OF CALIFORNIA, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	6.32	6.57	5.6	3.97	3.81	1,353	1,631	1,523	1,890	1,819
Interest expense	59.5	85	137	143	66	54.9	266	1,224	887
Interest income						153	210	175	141	153
Pre-tax income	100	26.9	47	28	14.4	822	568	-2,211	169	313
Income tax	13.7	-26.6	4.84	4.22	1.79	215	144	-312	41.8	84.1
Income from continuing operations	86.7	53.5	42.1	23.8	12.6
Net income	115	57.7	45.5	23.8	12.6	607	424	-1,899	127	229
EPS, basic	1.97	0.72	0.45	0.05		7.76	5.14	-22.71	0.52	1.18
EPS, diluted	1.94	0.71	0.45	0.05		7.76	5.14	-22.71	0.52	1.17
Shares, basic (weighted)	46.8	50.3	50.6	50.6		76.9	77.3	85.4	168	160
Shares, diluted (weighted)	47.6	50.8	50.9	50.7		76.9	77.3	85.4	169	162
Dividend per share	0.49	0.52	0.52	0.31	0.24	0.53	0.40	0.53	0.40	0.40

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	440	388	392	373	221	228	229	5,378	2,502	2,308
Property, plant and equipment	141	136	129	128	122	113	54.3	147	143	147
Lease right-of-use assets				22.5	19.6	35.4	126	133	100	99.2
Goodwill	39.2	37.1	37.1	37.1	37.1	1,406	1,377	199	215	215
Intangible assets	13.6	9.35	6.35	4.15	2.63	6.41	31.4	165	133	105
Total assets	11,030	10,328	10,630	7,828	7,877	9,394	41,229	38,534	33,543	34,797
Total liabilities	10,050	9,316	9,685	6,921	6,980	8,328	37,278	35,143	30,043	31,256
Total debt	175	173	173	173			1,764	2,911	1,392	2,064
Paid-in capital	614	621	626	630	635	855	2,821	3,841	3,786	3,552
Retained earnings	135	145	141	128	110	148	1,421	-518	-431	-242
Treasury stock	-29.1	-28.8	-28.8	-28.8	-40.8	-40.8	-116
Other comprehensive income	-9.04	5.23	-24.1	-11.9	7.75	7.74	-791	-432	-355	-269
Shareholders' equity	980	1,012	946	907	3,595	4,000	3,951	3,391	3,500	3,541
Total equity	980	1,012	946	907	3,595	4,000	3,951	3,391	3,500	3,541
Total liabilities and equity	11,030	10,328	10,630	7,828	7,877	9,394	41,229	38,534	33,543	34,797
Shares outstanding							77.4	157	158	150

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	115	57.7	45.5	23.8	12.6	607	424	-1,899	127	229
Depreciation and amortization	11.7	12.4	10.9	16.4	16.3	19.3	15.3	52.7	54.6	49.3
Stock-based compensation	11.9	12.1	6.57	5.04	5.78	5.3	6.2
Deferred income tax	5.61	-30.4	-5.91	-0.62	-9.26	29.1	35.4	-350	-4.94	35.7
Cash from operations	18.1	563	123	80.3	74.9	503	702	136	77.4	256
Capital expenditures	-44.7	-15.3	-9	-10.5	-5.09	-17.3	-20.1	-15.2	-13	-20.8
Acquisitions	0				0	476	-10.3
Purchases of investments	-5,724	-962	-522	-195	-371	-6,864	-380	-13.4	-836	-605
Sales and maturities of investments	4,096	519	608	53.1	46.1	191	38.5	3,028	693	0
Cash from investing	-2,318	152	-470	2,795	-267	-5,714	-3,570	12,609	1,891	-1,478
Debt issued	0	0					1,763	2,506	1,100	850
Debt repaid	-84.8	0	0
Stock issued	175	0	0	0	0	0	0	383	0	0
Share buybacks	0		0	0	-12	0	-75.1			0
Dividends paid	-21.8	-25.7	-32.7	-15.7	-11.8	-119	-120	-48.9	-68.3
Cash from financing	2,584	-767	351	-2,894	39.4	6,108	1,051	-9,608	-4,844	1,028
Net change in cash	283	-51.8	3.89	-18.1	-153	897	-1,817	3,137	-2,875	-194
Free cash flow	-26.6	548	114	69.8	69.8	486	682	121	64.3	235
Interest paid	59.4	81.8	131	152	66	53.4	238	1,064	1,015	715
Income taxes paid	42.4	11.3	8.32	2.92	0.76	136	97.3	-68.2	-14.5	7.55

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $17.94 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	-3.1%	Pre-tax income / revenue.
Net margin	-1.4%	Net income / revenue.
FCF margin	23.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	25.1%	Cash from operations / revenue.
Return on equity (ROE)	-0.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-0.1%	Net income / average total assets.
Capex / revenue	1.6%	Capital expenditures / revenue.
D&A / revenue	3.1%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-3.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	3.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	243.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	80.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-18.5%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	78.7%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	125.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-38.9%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	230.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-28.6%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	27.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	265.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-29.9%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	27.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.0%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	0.0%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	10.8%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	1.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-3.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-0.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	3.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-5.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	34.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-4.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	27.9%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.72x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	7.0%	Total debt / total assets.
Liabilities / assets	90.3%	Total liabilities / total assets.
Net debt	-$357.7M	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	0.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	$3.10B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.04x	Revenue / average total assets.
Fixed asset turnover	10.6x	Revenue / average property, plant and equipment.
Capex / operating cash flow	6.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.42	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$9.94	Revenue / diluted weighted shares.
FCF per share	$2.34	Free cash flow / diluted weighted shares.
Operating cash flow per share	$2.49	Cash from operations / diluted weighted shares.
Book value per share	$21.89	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$19.92	Tangible book value / shares outstanding.
Cash per share	$18.09	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	32.9%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$2.83B	Share price x shares outstanding.
Enterprise value	$2.48B	Market cap + total debt - cash - short-term investments.
P/S	1.83x	Market cap / revenue.
P/B	0.83x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.91x	Market cap / tangible book value, when positive.
P/FCF	7.78x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	7.30x	Market cap / cash from operations, when positive.
EV/Sales	1.60x	Enterprise value / revenue.
EV/FCF	6.80x	Enterprise value / free cash flow, when both are positive.
FCF yield	12.9%	Free cash flow / market cap.
Earnings yield	-0.8%	Net income / market cap (the inverse of P/E).
Shareholder yield	4.2%	(Dividends paid + share buybacks) / market cap.

What was BANC OF CALIFORNIA, INC.'s revenue in fiscal 2025?

BANC OF CALIFORNIA, INC. reported revenue of $1.82B for fiscal 2025, 3.8% lower than the year before.

Was BANC OF CALIFORNIA, INC. profitable in fiscal 2025?

Yes. Net income was $229.0M, a net margin of 12.6%.

How much free cash flow did BANC OF CALIFORNIA, INC. generate in fiscal 2025?

Cash from operations of $255.6M minus capital expenditures of $20.8M left free cash flow of $234.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to BANC OF CALIFORNIA, INC.