How does BANC's Q3 performance compare to industry peers?

Banc of California (BANC) exhibits a mixed performance compared to its industry peers in Q3 2024, with certain metrics showing strength while others indicate areas for improvement. 1. **Revenue and Net Income**: BANC does not provide Q3 revenue, net income, or cash and cash equivalents data in the referenced report. However, its peers, such as Financial Institutions Inc. (FISI), have shown growth in loans and deposits, which is a positive indicator for future revenue potential. In contrast, SR Bancorp, Inc. (SRBK) reported a net loss for the year ended June 30, 2024, which is a red flag compared to its peers. |code|Ticker|Name|Date|Cash and Cash Equivalents|market_code| |---|---|---|---|---|---| |BAC|BAC.N|Bank Of America|||169| |WFC|WFC.N|Wells Fargo|||169| |JPM|JPM.N|Jpmorgan Chase|||169| |BANC|BANC.N|Banc of California|||169| |code|Ticker|Name|Date|Total Revenue|market_code| |---|---|---|---|---|---| |BAC|BAC.N|Bank Of America|||169| |WFC|WFC.N|Wells Fargo|||169| |JPM|JPM.N|Jpmorgan Chase|||169| |BANC|BANC.N|Banc of California|||169| |code|Ticker|Name|Date|Net Income|market_code| |---|---|---|---|---|---| |BAC|BAC.N|Bank Of America|||169| |WFC|WFC.N|Wells Fargo|||169| |JPM|JPM.N|Jpmorgan Chase|||169| |BANC|BANC.N|Banc of California|||169| 2. **Profitability and Efficiency**: National Bank of Canada (NTIOF) demonstrates strong profitability with an EPS of $2.68 and a ROE of 17%. This is a clear indication of effective capital utilization and profitability. BANC's profitability metrics are not currently available for comparison. 3. **Asset Growth and Risk Management**: SR Bancorp, Inc. (SRBK) has seen significant asset growth, with total assets increasing by 56.7% to $1.02 billion. This is a positive sign for the bank's expansion and market presence. BANC's asset growth data is not available for comparison. 4. **Liquidity and Funding**: Financial Institutions Inc. (FISI) experienced a decline in deposits, which could be a concern for liquidity and funding stability. BANC's funding trends are not provided, so it is unclear if it follows a similar pattern. 5. **Credit Quality and Provisions**: National Bank of Canada (NTIOF) reported provisions for credit losses, which is a prudent measure given economic challenges. BANC does not provide information on credit provisions, which could be a risk if it operates in a similar environment. In conclusion, while BANC's specific Q3 performance is not directly comparable due to the lack of provided data, its peers demonstrate a range of strengths including revenue growth, profitability, and effective risk management. BANC's mixed performance indicators, such as the lack of revenue and net income data, and the need for provisioning information for credit losses, suggest areas where it may need to improve or clarify for a comprehensive assessment of its Q3 performance relative to industry peers.