Banc of California, Inc. (BANC) Income Statement
BANC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBANC revenue and net income
Where BANC's revenue goes
2025Each bar shows an amount and its share of revenue. BANC kept 12.6% of revenue as net income.
BANC profit margins
BANC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.3% | +4.1% | +42.4% | +19.1% |
| Gross profit | +12.7% | −6.9% | +37.7% | +15.0% |
| Operating income | +93.0% | −16.9% | +86.7% | +16.8% |
| Net income | +80.5% | −18.5% | +78.7% | +13.9% |
| EPS (diluted) | +55.7% | −38.7% | −14.1% | −10.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BANC quarterly EPS vs estimates
Banc of California beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 27, 2026 (estimate $0.45).
BANC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.81B | $1.87B | $1.50B | $1.61B | $1.34B | $309.5M | $403.2M | $449.0M | $428.0M | $455.2M |
| Cost of revenue | $747.7M | $929.5M | $1.28B | $290.2M | −$107.1M | $95.0M | $178.1M | $165.4M | $96.9M | $61.4M |
| Gross profit | $1.06B | $943.1M | $226.4M | $1.32B | $1.44B | $214.4M | $225.1M | $283.6M | $331.1M | $393.7M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $557.8M | $412.2M | $603.7M | $432.3M | $386.3M | $100.1M | $114.3M | $122.6M | $134.5M | $153.0M |
| Total operating expenses | $737.3M | $774.4M | $2.44B | $748.9M | $620.4M | $200.1M | $197.1M | $236.6M | $304.2M | $293.3M |
| Operating income | $325.6M | $168.7M | −$2.21B | $567.6M | $822.3M | $14.4M | $28.0M | $47.0M | $26.9M | $100.5M |
| Interest income | $1.68B | $1.81B | $1.97B | $1.56B | $1.16B | $290.6M | $391.1M | $422.8M | $389.2M | $385.0M |
| Interest expense | $699.3M | $886.7M | $1.22B | $265.7M | $54.9M | $66.0M | $142.9M | $136.7M | $85.0M | $59.5M |
| Income before taxes | $313.1M | $168.7M | −$2.21B | $567.6M | $822.3M | $14.4M | $28.0M | $47.0M | $26.9M | $100.5M |
| Income taxes | $84.1M | $41.8M | −$312.2M | $144.0M | $215.4M | $1.8M | $4.2M | $4.8M | −$26.6M | $13.7M |
| Net income | $229.0M | $126.9M | −$1.90B | $423.6M | $607.0M | $12.6M | $23.8M | $45.5M | $57.7M | $115.4M |
| EBITDA | $426.6M | $290.1M | −$2.12B | $665.0M | $917.7M | $32.2M | $46.6M | $60.9M | $43.2M | $117.0M |
| EPS (diluted) | $1.37 | $0.88 | −$3.66 | $5.95 | $7.85 | $2.93 | $5.59 | $5.56 | $4.52 | $4.41 |
| Gross margin | 58.7% | 50.4% | 15.1% | 81.9% | 108.0% | 69.3% | 55.8% | 63.2% | 77.4% | 86.5% |
| Operating margin | 18.0% | 9.0% | −147.2% | 35.3% | 61.6% | 4.6% | 6.9% | 10.5% | 6.3% | 22.1% |
| Net margin | 12.6% | 6.8% | −126.4% | 26.4% | 45.4% | 4.1% | 5.9% | 10.1% | 13.5% | 25.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $414.6M | $442.8M | $458.5M | $465.5M | $448.2M | $438.3M | $449.0M | $427.4M | $488.0M | $508.0M | $1.10B | $485.6M |
| Cost of revenue | $325.9M | $165.6M | $165.6M | $179.1M | $218.5M | $184.5M | $202.0M | $223.7M | $244.1M | $259.6M | $1.14B | $315.4M |
| Gross profit | $88.7M | $277.1M | $292.9M | $286.4M | $229.7M | $253.8M | $247.0M | $203.7M | $243.9M | $248.4M | −$42.1M | $170.3M |
| Sales, general & admin | $118.7M | $106.0M | $180.6M | $185.7M | $97.8M | $93.7M | $100.0M | $111.0M | $112.3M | $112.7M | $384.3M | $109.9M |
| Total operating expenses | $424.0M | $181.4M | $180.6M | $194.1M | $181.8M | $180.7M | $176.9M | $192.2M | $199.3M | $206.0M | $2.28B | $196.9M |
| Operating income | −$335.2M | $95.8M | $112.3M | $92.3M | $47.9M | $73.1M | $70.1M | $11.5M | $44.6M | $42.4M | −$2.32B | −$26.6M |
| Interest income | $414.6M | $407.4M | $416.9M | $432.5M | $420.5M | $406.7M | $424.5M | $446.9M | $462.6M | $478.7M | $1.63B | $116.2M |
| Interest expense | $164.1M | $155.8M | $165.6M | $179.1M | $180.3M | $174.3M | $189.2M | $214.7M | $233.1M | $249.6M | $1.10B | $315.4M |
| Income before taxes | −$335.2M | $95.8M | $99.8M | $92.3M | $47.9M | $73.1M | $70.1M | $11.5M | $44.6M | $42.4M | −$2.32B | −$26.6M |
| Income taxes | −$95.0M | $23.8M | $22.4M | $22.7M | $19.5M | $19.5M | $13.2M | $2.7M | $14.3M | $11.5M | −$342.6M | −$3.2M |
| Net income | −$240.2M | $72.0M | $77.4M | $69.6M | $28.4M | $53.6M | $56.9M | $8.8M | $30.3M | $30.9M | −$1.98B | −$23.3M |
| EBITDA | −$309.3M | $118.7M | $136.6M | $117.6M | $73.2M | $99.1M | $97.3M | $43.3M | $76.6M | $72.9M | −$2.24B | −$5.1M |
| EPS (diluted) | $0.13 | $0.39 | $0.42 | $0.38 | $0.31 | $0.26 | $0.28 | $0.25 | $0.16 | $0.19 | −$4.52 | −$0.47 |
| Gross margin | 21.4% | 62.6% | 63.9% | 61.5% | 51.2% | 57.9% | 55.0% | 47.7% | 50.0% | 48.9% | −3.8% | 35.1% |
| Operating margin | −80.9% | 21.6% | 24.5% | 19.8% | 10.7% | 16.7% | 15.6% | 2.7% | 9.1% | 8.3% | −211.3% | −5.5% |
| Net margin | −57.9% | 16.3% | 16.9% | 15.0% | 6.3% | 12.2% | 12.7% | 2.1% | 6.2% | 6.1% | −180.1% | −4.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BANC's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BANC financial results
In fiscal year 2025 (ended December 31, 2025), Banc of California reported revenue of $1.8 billion, down 3.3% from the year before. It had net income of $229.0 million (up 80.5%), a net profit margin of 12.6%. Diluted earnings per share came to $1.37. Over five years revenue grew at an average rate of 42.4% a year.
See the BANC stock overview for the latest quote and news, or the BANC chart for price history and technical indicators.
BANC income statement FAQ
What is Banc of California's annual revenue?
Banc of California reported total revenue of $1.8 billion for fiscal year 2025, which ended on December 31, 2025. That was down 3.3% from $1.9 billion the previous year.
Is Banc of California profitable?
Yes. Banc of California reported net income of $229.0 million in fiscal 2025, a net profit margin of 12.6%; its operating margin was 18.0%.
What is Banc of California's gross margin?
Banc of California's gross margin was 58.7% in fiscal 2025: for every $100 of revenue, Banc of California kept $59 after the direct cost of its products and services.
How fast is Banc of California growing?
Revenue grew 42.4% a year on average over the last five fiscal years, from $309.5 million to $1.8 billion.
What are Banc of California's earnings per share?
Banc of California earned $1.37 per diluted share in fiscal 2025, compared with $0.88 a year earlier.
When will Banc of California report its next earnings?
Banc of California is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 after the market closes.
When does Banc of California's fiscal year end?
Banc of California's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.