Banc of California, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 22, 2021 at 06:00 am EDT
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Banc of California, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced net interest income was USD 59.847 million compared to USD 55.315 million a year ago. Net income was USD 19.050 million compared to net loss of USD 18.449 million a year ago. For the half year, net interest income was USD 117.763 million compared to USD 107.176 million a year ago. Net income was USD 33.425 million compared to net loss of USD 25.042 million a year ago.
Banc of California, Inc. is a bank holding company for its subsidiary, Banc of California (the Bank), a California state-chartered bank. The Bank provides a range of loan and deposit products and services through more than 90 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, and full-stack payment processing solutions through its subsidiary, Deepstack Technologies, LLC. The Bank also serves the Community Association Management Industry nationwide with its technology-forward platform SmartStreet. The Bank is organized into four business groups: Community Banking, Specialty Banking, Deposit Services, and Payment Solutions. Specialty Banking is focused on serving clients in niche verticals by industry, including homeowner associations, venture banking, SBA lending, mortgage warehouse lending, media and entertainment and equipment finance. Deposit Services provide valuable services to clients in the Community and Specialty Banking groups.
BANC OF CALIFORNIA, INC. 
