- Banc of California press release ( NYSE: BANC ): Q3 Non-GAAP EPS of $0.44 misses by $0.04 .
- Revenue of $85.09M (+24.2% Y/Y) misses by $3.37M .
- Return on average assets of 1.02%
- Adjusted return on average assets of 1.13%
- Pre-tax pre-provision return on average assets of 1.44%
- Adjusted pre-tax pre-provision return on average assets of 1.59%
- Net interest margin of 3.58%
- Noninterest-bearing deposits increased $117.0 million or 17% annualized to represent 40% of total quarter end deposits
- Average cost of total deposits of 0.47%
- Allowance for credit losses at 1.36% of total loans and 232% of non-performing loans, up from 1.34% and 224% in the prior quarter
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Banc of California Non-GAAP EPS of $0.44 misses by $0.04, revenue of $85.09M misses by $3.37M