Banc of California Q1 Adj. EPS $0.19 Compared With $1.03 YoY, Net Interest Income $239.1M Compared With $279.3M YoY
Portfolio Pulse from Benzinga Newsdesk
Banc of California reported a significant decrease in its Q1 adjusted EPS to $0.19 from $1.03 year-over-year. Net interest income also fell to $239.1M from $279.3M in the same period.
April 23, 2024 | 10:10 am
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NEGATIVE IMPACT
Banc of California's Q1 earnings report shows a significant decrease in adjusted EPS and net interest income compared to the previous year.
The significant drop in both adjusted EPS and net interest income year-over-year is a strong indicator of financial underperformance for the quarter, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100