Banc of California Projects Q4 Pretax Income Between $125M and $130M
Banc of California (BANC) reported a strong third quarter, characterized by significant growth in both earnings and profitability. CEO Jared Wolff noted that the company successfully strengthened its balance sheet while expanding its franchise footprint during this period. Looking ahead to the fourth quarter, management provided guidance for pretax pre-provision income in the range of $125 million to $130 million. Additionally, the bank expects its Net Interest Margin (NIM) to guide within a range of 3.35% to 3.40%.
Tickers: $BANC
Topics: balance sheet strength earnings growth profitability