Filing Flows › Banc of California (BANC) › Q1 2025
Banc of California (BANC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Banc of California (BANC) reported revenue of $440M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -3% from the quarter before. Operating margin was 16.6%, net earnings $53.6M (12.2% of revenue).
Banc of California, Q1 2025: revenue $440M (-14% year over year), operating margin 16.6%, net earnings $53.6M, operating cash flow $15.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $440M | -3% | -14% |
| Operating profit | $73.1M | +4% | +72% |
| Net earnings | $53.6M | -6% | +74% |
| Operating cash flow | $15.1M | -81% | — |
| Free cash flow | $13.6M | -82% | — |
What changed
Revenue was $440.3M in Q1 2025, down 14% year over year and down 3% from the previous quarter.
Operating profit was $73.1M, a 16.6% margin (up 8.3 points year over year). Total costs fell 22% while revenue fell 14%. Net earnings were $53.6M, up 74% year over year. The effective tax rate was 26.7%.
Operating cash flow was $15.1M, 28% of net earnings. Non-cash charges added back $13.0M of depreciation and amortization and $5.5M of share-based compensation. Working capital and other items used $57.0M. Capital expenditures of $1.5M left free cash flow of $13.6M.
Questions
What was Banc of California's revenue in the first quarter 2025?
Banc of California (BANC) reported revenue of $440M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -3% from the quarter before.
Was Banc of California profitable in the first quarter 2025?
Operating profit was $73.1M (16.6% of revenue) and net earnings $53.6M.
Source: Banc of California 10-Q on SEC EDGAR.