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Why is Banc Of California Inc (BANC) Stock down?
We've noticed a 6.01% decline in Banc Of California Inc (BANC) stock during the 2024-12-18 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
24 Oct, 2023:
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.
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