Banc of California (BANC) financial statements
Banc of California reported revenue of $39M in fiscal 2025, up 22.3% a year over 9 years.
Net income was $229M.
Free cash flow was $235M.
The diluted share count rose 239% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Banc of California's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6M | $7M | $6M | $4M | $4M | $25M | $31M | $34M | $37M | $39M |
| Interest expense | $59M | $85M | $137M | $143M | $66M | $55M | $266M | $1.2B | $887M | — |
| Pre-tax income | $100M | $27M | $47M | $28M | $14M | $822M | $568M | -$2.2B | $169M | $313M |
| Income tax | $14M | -$27M | $5M | $4M | $2M | $215M | $144M | -$312M | $42M | $84M |
| Net income | $115M | $58M | $45M | $24M | $13M | $607M | $424M | -$1.9B | $127M | $229M |
| EPS (diluted) | $1.94 | $0.71 | $0.45 | $0.05 | — | $7.76 | $5.14 | -$22.71 | $0.52 | $1.17 |
| Diluted shares | 48M | 51M | 51M | 51M | — | 77M | 77M | 85M | 169M | 162M |
| Net margin | 1825.6% | 878.5% | 811.4% | 598.2% | 330.1% | 2443.2% | 1380.3% | -5624.2% | 340.9% | 590.2% |
Balance sheet
Fiscal years, from Banc of California's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $440M | $388M | $392M | $373M | $221M | $228M | $229M | $5.4B | $2.5B | $2.3B |
| Property, plant and equipment | $141M | $136M | $129M | $128M | $122M | $113M | $54M | $147M | $143M | $147M |
| Goodwill | $39M | $37M | $37M | $37M | $37M | $1.4B | $1.4B | $199M | $215M | $215M |
| Total assets | $11.0B | $10.3B | $10.6B | $7.8B | $7.9B | $9.4B | $9.2B | $38.5B | $33.5B | $34.8B |
| Total liabilities | $10.0B | $9.3B | $9.7B | $6.9B | $7.0B | $8.3B | $8.2B | $35.1B | $30.0B | $31.3B |
| Shareholders' equity | $980M | $1.0B | $946M | $907M | $3.6B | $4.0B | $4.0B | $3.4B | $3.5B | $3.5B |
| Net debt | -$440M | -$388M | -$392M | -$373M | -$221M | -$228M | -$229M | -$5.4B | -$2.5B | -$2.3B |
Cash flow
Fiscal years, from Banc of California's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $18M | $563M | $123M | $80M | $75M | $503M | $702M | $136M | $77M | $256M |
| Capital spending | $45M | $15M | $9M | $10M | $5M | $17M | $20M | $15M | $13M | $21M |
| Free cash flow | -$27M | $548M | $114M | $70M | $70M | $486M | $682M | $121M | $64M | $235M |
| Stock-based compensation | $12M | $12M | $7M | $5M | $6M | $5M | $6M | — | — | — |
| Dividends paid | $22M | $26M | $33M | $16M | $12M | $119M | $120M | $49M | $68M | — |
| Share buybacks (net) | $0 | — | $0 | $0 | -$12M | $0 | -$75M | — | — | $0 |
| Net borrowing | -$85M | $0 | $0 | — | — | — | $1.8B | $2.5B | $1.1B | $850M |
| Free cash flow margin | -420.3% | 8337.5% | 2034.3% | 1756.7% | 1831.7% | 1955.1% | 2221.7% | 357.0% | 172.8% | 605.2% |
| Dividends per share | $0.46 | $0.51 | $0.64 | $0.31 | — | $1.55 | $1.56 | $0.57 | $0.40 | — |
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Open BANC in InvestinglyQuestions
What was Banc of California's revenue in 2025?
$39M in fiscal 2025, from its 10-K filing.
How much free cash flow does Banc of California generate?
$235M in fiscal 2025 (operating cash flow minus capital spending).
From Banc of California's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.