Latest Ratios: P/E Ratio 17.4x · EV/EBITDA 9.8x · ROE 6.5%. (2001–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.2B | $3.1B | $2.6B | $1.9B | $2.3B | $2.3B | $1.7B | $2.0B | $1.6B | $2.5B | $2.1B |
| Enterprise Value | $3.9B | $3.8B | $2.4B | $391M | $2.7B | $2.9B | $2.3B | $3.1B | $2.9B | $4.0B | $2.4B |
| P/E Ratio → | 17.43 | 16.35 | 29.73 | — | 18.74 | 20.65 | — | 343.60 | 35.97 | 43.94 | 8.94 |
| P/S Ratio | 1.75 | 1.71 | 1.39 | 1.28 | 1.42 | 1.72 | 5.55 | 5.07 | 3.67 | 5.87 | 4.58 |
| P/B Ratio | 0.93 | 0.87 | 0.75 | 0.57 | 0.58 | 2.16 | 1.92 | 2.25 | 1.74 | 2.48 | 2.13 |
| P/FCF | 13.51 | 13.15 | 40.54 | 15.93 | 3.92 | 5.06 | 24.64 | 29.29 | 14.44 | 4.59 | — |
| P/OCF | 12.41 | 12.08 | 33.70 | 14.14 | 3.24 | 4.58 | 22.96 | 25.47 | 13.38 | 4.46 | 115.17 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.10 | 1.30 | 0.26 | 1.66 | 2.16 | 7.48 | 7.59 | 6.56 | 9.33 | 5.23 |
| EV / EBITDA | 9.77 | 9.56 | 8.41 | — | 4.01 | 3.15 | 71.94 | 65.72 | 48.41 | 92.30 | 20.33 |
| EV / EBIT | 11.92 | 11.66 | 14.46 | — | 4.70 | 3.51 | 161.20 | 109.46 | 62.72 | 148.42 | 23.67 |
| EV / FCF | — | 16.17 | 37.92 | 3.24 | 4.59 | 6.35 | 33.18 | 43.89 | 25.85 | 7.29 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.7% | 58.7% | 50.4% | 15.1% | 81.9% | 108.0% | 69.3% | 55.8% | 63.2% | 77.4% | 86.5% |
| Operating Margin | 18.0% | 18.0% | 9.0% | -147.2% | 35.3% | 61.6% | 4.6% | 6.9% | 10.5% | 6.3% | 22.1% |
| Net Profit Margin | 12.6% | 12.6% | 6.8% | -126.4% | 26.4% | 45.4% | 4.1% | 5.9% | 10.1% | 13.5% | 25.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.5% | 6.5% | 3.7% | -51.7% | 16.9% | 61.9% | 1.4% | 2.6% | 4.6% | 5.8% | 14.1% |
| ROA | 0.7% | 0.7% | 0.4% | -4.8% | 1.7% | 7.0% | 0.2% | 0.3% | 0.4% | 0.5% | 1.2% |
| ROIC | 3.9% | 3.9% | 1.9% | -24.0% | 10.1% | 34.3% | 0.5% | 0.8% | 1.3% | 0.9% | 4.2% |
| ROCE | 5.0% | 5.0% | 2.8% | -34.8% | 12.6% | 46.1% | 0.7% | 1.1% | 1.7% | 1.1% | 5.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.85 | 0.85 | 0.67 | 1.13 | 0.67 | 0.77 | 0.91 | 1.53 | 1.79 | 1.85 | 0.75 |
| Debt / EBITDA | 7.60 | 7.60 | 8.05 | — | 3.96 | 0.89 | 25.38 | 29.87 | 27.81 | 43.19 | 6.27 |
| Net Debt / Equity | — | 0.20 | -0.05 | -0.45 | 0.10 | 0.55 | 0.66 | 1.12 | 1.38 | 1.46 | 0.30 |
| Net Debt / EBITDA | 1.78 | 1.78 | -0.58 | — | 0.59 | 0.64 | 18.52 | 21.86 | 21.38 | 34.23 | 2.50 |
| Debt / FCF | — | 3.02 | -2.62 | -12.69 | 0.67 | 1.29 | 8.54 | 14.60 | 11.42 | 2.70 | — |
| Interest Coverage | 0.47 | 0.47 | 0.19 | -1.81 | 2.14 | 14.98 | 0.22 | 0.20 | 0.34 | 0.32 | 1.69 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.26 | 0.26 | 0.18 | 0.24 | 0.22 | 0.20 | 0.24 | 0.23 | 0.30 | 0.40 | 0.31 |
| Quick Ratio | 0.26 | 0.26 | 0.18 | 0.24 | 0.22 | 0.20 | 0.24 | 0.23 | 0.30 | 0.40 | 0.31 |
| Cash Ratio | 0.08 | 0.08 | 0.09 | 0.16 | 0.07 | 0.03 | 0.04 | 0.07 | 0.05 | 0.05 | 0.05 |
| Asset Turnover | — | 0.05 | 0.06 | 0.04 | 0.04 | 0.14 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.9% | 2.1% | 2.6% | 2.5% | 5.3% | 5.2% | 0.7% | 0.8% | 2.0% | 1.0% | 1.0% |
| Payout Ratio | 27.9% | 27.9% | 53.8% | — | 28.4% | 19.7% | 94.2% | 66.3% | 72.0% | 44.5% | 18.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.7% | 6.1% | 3.4% | — | 5.3% | 4.8% | — | 0.3% | 2.8% | 2.3% | 11.2% |
| FCF Yield | 7.4% | 7.6% | 2.5% | 6.3% | 25.5% | 19.8% | 4.1% | 3.4% | 6.9% | 21.8% | — |
| Buyback Yield | 5.9% | 6.1% | 0.0% | 0.0% | 0.0% | 4.4% | 0.8% | 0.1% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 7.9% | 8.1% | 2.6% | 2.5% | 5.3% | 9.6% | 1.4% | 0.8% | 2.0% | 1.0% | 1.0% |
| Shares Outstanding | — | $160M | $169M | $143M | $143M | $117M | $117M | $119M | $124M | $122M | $120M |
California CRE concentration risk
Based on recent market data, BANC trades at a P/B ratio of 0.94, which suggests that investors remain cautious regarding the bank's ability to generate a return on tangible equity that exceeds its cost of capital following the transformative PacWest merger and subsequent balance sheet restructuring.
The current valuation appears to reflect a market skepticism toward the bank's long-term earnings power in a high-rate environment. Investors should monitor whether the discount to book value narrows as the bank demonstrates sustained profitability and successful integration of its specialized commercial lending verticals.
As reported in financial statements, BANC's ROE has remained constrained at approximately 2.0% in 2026Q1, indicating that the bank's profitability is currently hampered by a narrow net interest margin and a reliance on interest-earning assets rather than high-margin, non-interest fee-generating business lines.
The decomposition of profitability suggests that the bank's reliance on interest income leaves it vulnerable to funding cost fluctuations. Without a significant expansion in non-interest income, the bank may struggle to improve its return on equity to levels comparable with its regional peers.
According to quarterly regulatory filings, BANC maintained an efficiency ratio of 41.0% in 2026Q1, a metric that suggests management is successfully controlling non-interest expenses despite the ongoing complexities of integrating a large-scale merger within the high-cost Southern California market environment.
While the efficiency ratio appears disciplined, the persistent 0.7% net interest margin indicates that cost control alone may not be sufficient to drive meaningful earnings growth. Investors should monitor whether the bank can achieve operating leverage as it scales its specialized commercial lending platform.
Based on reported figures, the bank maintains an equity-to-assets ratio of 0.10 as of 2026Q1, which indicates a stable capital buffer that appears sufficient to absorb potential volatility while supporting the bank's ongoing operational requirements in the competitive Southern California financial services market.
This capital position suggests a conservative approach to balance sheet management, which is prudent given the bank's concentration in regional commercial real estate. The current ratio provides a foundation for stability, though it may limit the bank's capacity for aggressive capital return until earnings improve.
The P/E ratio is frequently misapplied to BANC, as it obscures the impact of non-cash purchase accounting adjustments and volatile loan loss provisions that significantly distort reported net income following the 2023 merger with PacWest, rendering the metric an unreliable indicator of core earnings power.
Analysts should instead prioritize P/TBV and pre-provision net revenue to better assess the bank's underlying franchise value. Relying on P/E in this context may lead to erroneous conclusions about the bank's valuation, as it fails to account for the non-recurring nature of post-merger accounting marks.
Includes 30+ ratios · 25 years · Updated daily
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Quick answers to the most common questions about buying BANC stock.
Banc of California, Inc.'s current P/E ratio is 17.4x. The historical average is 44.2x. This places it at the 24th percentile of its historical range.
Banc of California, Inc.'s current EV/EBITDA is 9.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 47.2x.
Banc of California, Inc.'s return on equity (ROE) is 6.5%. The historical average is 5.0%.
Based on historical data, Banc of California, Inc. is trading at a P/E of 17.4x. This is at the 24th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Banc of California, Inc.'s current dividend yield is 1.94% with a payout ratio of 27.9%.
Banc of California, Inc. has 58.7% gross margin and 18.0% operating margin. Operating margin between 10-20% is typical for established companies.
Banc of California, Inc.'s Debt/EBITDA ratio is 7.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.