Banc Of California Inc (BANC)

Banc of California Stock (BANC) dropped by 3.46% from $11.27 to $10.88 in the trading on Tuesday October 24, 2023. The reason why BANC stock down today is due to its Q3 2023 earnings. BANC delivered reported a worse-than-expected results for the quarter. It seemed to weigh on the stock as did the broader market sell-off, causing BANC stock down today. Total deposits dropped 8.8% year-over-year to $6.64 billion in the three months ending Sept. 30, despite an influx of non-interest bearing funds. That missed the $6.9 billion analysts and was down 3.3% from the second quarter.