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Banc Of California Inc (BANC) |
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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?
Select the Comparisons :
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Select the Ratio:
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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 % |
Net Income per Employee Statistics |
High |
Average |
Low |
$ 77,120 |
$ 44,778 |
$ -5,642 |
(Sep 30 2022) |
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(Jun 30 2020) |
News about Banc Of California Inc |
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.
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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.
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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 2023 | Number 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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