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Banc Of California Inc   (BANC)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 

Banc Of California Inc Net Income per Employee

BANC's Quarterly Results, Trends, Rankings, Statistics

With an income increase of 75.95% in the third quarter 2023, year on year to cumulative value of $99 million, and with 1,679 employees, Banc Of California Inc 's income per employee grew on trailing twelve month basis to$ 58,668. The income per employee at Banc Of California Inc ' was above the company average.
The Financial sector has seen employees of 73 other companies achieving higher income per employee. While Banc Of California Inc 's total ranking has deteriorated compared to the previous quarter from 880 to 1020.


What is Income per Employee Ratio?





BANC Net Income per Employee (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Net Income Change 75.95 % -33.07 % -62.22 % -28.62 % 15.98 %
Net Income per Employee (TTM) $ 58,668 47,722 52,983 72,876 77,120
BANC's Total Ranking # 1020 # 880 # 1081 # 528 # 681
Seq. Net Income Change 138.12 % -11.83 % 14.1 % -26.55 % -9.42 %


BANC Net Income per Employee Company Ranking
Within: No.
Commercial Banks Industry # 74
Financial Sector # 441
Overall Market # 1020

Net Income per Employee Statistics
High Average Low
$ 77,120 $ 44,778 $ -5,642
(Sep 30 2022)   (Jun 30 2020)




  News about Banc Of California Inc

Banc of California Empowers Small Businesses through Los Angeles Headquarters and $1 Million Donation

Banc of California Designates Los Angeles as Headquarters and Donates $1 Million to Expand Financing Options for Small Businesses
Los Angeles, CA ? In a significant move to strengthen its presence in the thriving business landscape of Los Angeles, Banc of California, Inc. (NYSE: BANC) has announced that it will establish the city as its new headquarters. The leading business bank has also pledged $1 million towards supporting small businesses and entrepreneurs in the area. CEO Jared Wolff made the exciting announcement during a joint press conference held with Los Angeles Mayor Karen Bass.
Highlighting his personal connection to the city, Wolff expressed his belief in the potential of Los Angeles and the remarkable entrepreneurs and enterprises that contribute to its success. As a native Angeleno, I know the power and promise of Los Angeles and the entrepreneurs and businesses that make it great, said Wolff. With a strong commitment to the local economy, Banc of California aims to foster growth and prosperity within the region.

Banc of California Completes Merger with PacWest Bancorp and Sees $400 Million Equity Raise


In a major development for the banking sector, Banc of California, Inc. (Banc of California) (NYSE: BANC) has announced the successful completion of its transformational merger with PacWest Bancorp (PacWest) (Nasdaq: PACW). This merger signifies the merging of PacWest into Banc of California, leading to the formation of a new entity, Pacific Western Bank, effective from December 1, 2023. The merged bank will continue operating under the Banc of California name and brand.
This merger represents a landmark event in the banking industry, consolidating two significant players and creating a powerful institution poised for growth and success. The move is expected to bring synergistic benefits, strategic advantages, and expanded capabilities for both banks, enhancing their ability to serve customers and fuel the economy.





Companies with similar Income per Employee for 12 month ending Sep 30 2023, within Financial Sector Income per Employee Income 12 month ending Sep 30 2023Number of Employees Sep 30 2023
Banner Corporation  101,866.53 $ 195.380  Million 1,918 
Sierra Bancorp  101,329.55 $ 35.668  Million 352 
American Tower Corporation  99,905.93 $ 637.200  Million 6,378 
Enterprise Bancorp inc   99,664.32 $ 42.457  Million 426 
First Of Long Island Corp  99,615.89 $ 30.084  Million 302 
American National Bankshares Inc   99,399.34 $ 30.118  Million 303 
Value Line Inc  99,033.71 $ 17.628  Million 178 
Umb Financial Corp  99,027.15 $ 379.274  Million 3,830 
Genworth Financial Inc   98,867.92 $ 524.000  Million 5,300 
Investors Title Co  98,632.91 $ 23.376  Million 237 
Citizens and Northern Corporation  97,759.72 $ 27.666  Million 283 
Codorus Valley Bancorp Inc   96,179.69 $ 24.622  Million 256 
Community West Bancshares  95,448.60 $ 10.213  Million 107 
Piper Sandler Companies  95,268.99 $ 164.339  Million 1,725 
Consumers Bancorp Inc  95,036.04 $ 10.549  Million 111 
Peoples Financial Services Corp   94,508.62 $ 32.889  Million 348 
Global Indemnity Group Llc  94,080.43 $ 43.277  Million 460 
White Mountains Insurance Group ltd   94,080.05 $ 279.700  Million 2,973 
Eagle Financial Services Inc   94,064.81 $ 10.159  Million 108 
Invesco Ltd   93,938.68 $ 799.700  Million 8,513 
Sound Financial Bancorp Inc   93,367.35 $ 9.150  Million 98 
National Bankshares Inc  92,515.56 $ 20.816  Million 225 
Home Federal Bancorp Inc Of Louisiana  90,568.97 $ 5.253  Million 58 
Popular Inc   89,945.58 $ 702.475  Million 7,810 
Washington Trust Bancorp Inc  89,006.87 $ 51.802  Million 582 
Trustco Bank Corp Ny  88,574.33 $ 69.708  Million 787 
Southern First Bancshares Inc   88,329.34 $ 14.751  Million 167 
Bank Of Hawaii Corporation  88,289.09 $ 194.236  Million 2,200 
Pathfinder Bancorp Inc   88,152.54 $ 10.402  Million 118 
Pennymac Financial Services inc   87,331.61 $ 219.115  Million 2,509 


Date modified: 2023-11-12T09:53:00+00:00




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