|Bid||17.10 x 800|
|Ask||17.16 x 1000|
|Day's Range||17.09 - 17.62|
|52 Week Range||9.00 - 21.40|
|Beta (5Y Monthly)||1.84|
|PE Ratio (TTM)||15.58|
|Earnings Date||Oct 20, 2021 - Oct 25, 2021|
|Forward Dividend & Yield||0.24 (1.38%)|
|Ex-Dividend Date||Jun 14, 2021|
|1y Target Est||22.04|
SANTA ANA, Calif., July 28, 2021--Banc of California, Inc. (NYSE: BANC) (the "Company"), the holding company for Banc of California, N.A. (the "Bank"), today announced the appointment of Diana Hanson as Senior Vice President and Chief Accounting Officer of the Company and the Bank, effective Monday, August 16, 2021. Ms. Hanson succeeds Mike Smith, who resigned from the Company effective August 6, 2021. She will be based in Santa Ana and report to Lynn Hopkins, Executive Vice President and CFO.
Joining me on today's call is Lynn Hopkins, our Chief Financial Officer, who will talk in more detail about our quarterly results. With economic conditions improving in California and our business development activity continuing to increase, our second quarter results reflect the acceleration of our organic growth ahead of our pending acquisition of Pacific Mercantile Bancorp, which will add more than $1.3 billion in assets excluding PPP loans and further improve our level of profitability.
Banc of California (BANC) delivered earnings and revenue surprises of 14.29% and 0.29%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?