Benzinga | Oct 22, 2020 06:06AM EDT

Banc of California Q3 EPS $0.24 Beats $0.15 Estimate, Sales $55.85M Miss $59.06M Estimate

Banc of California (NYSE:BANC) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.15 by 60 percent. This is a 153.33 percent increase over losses of $(0.45) per share from the same period last year. The company reported quarterly sales of $55.85 million which missed the analyst consensus estimate of $59.06 million by 5.43 percent. This is a 5.19 percent decrease over sales of $58.91 million the same period last year.