Benzinga | Oct 21, 2021 12:12PM EDT

Recap: Banc of California Q3 Earnings



Banc of California (NYSE:BANC) reported its Q3 earnings results on Thursday, October 21, 2021 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

Banc of California beat their estimated earnings by 192.31%, which surprised analysts.

Revenue was up $7,121,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.05, which was followed by a 2.48% increase in the share price the next day.

Here's a look at Banc of California's past performance and the resulting price change:



Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.27 0.24 0.18 0.15EPS Actual 0.32 0.25 0.35 0.24Revenue Estimate 58.93M 62.54M 58.16M 59.06MRevenue Actual 59.85M 57.92M 61.56M 55.85M

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