Banc of California Inc (NYSE:BANC)
$ 16.62 -0.05 (-0.3%) Market Cap: 2.81 Bil Enterprise Value: 3.29 Bil PE Ratio: 0 PB Ratio: 0.94 GF Score: 78/100
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Q2 2019 Banc of California Inc Earnings Call Transcript

Jul 25, 2019 / 05:00PM GMT
Release Date Price: $15.48 (+6.03%)
Operator

Hello, and welcome to the Banc of California's Second Quarter 2019 Earnings Conference Call. (Operator Instructions) Please note today's event is being recorded.

I now would like to turn the call over to your host today, Jared Wolff. Mr. Wolff, please go ahead.

Jared M. Wolff
Banc of California, Inc. - President, CEO & Director

Good morning, everyone. Welcome to Banc of California's Second Quarter 2019 Earnings Conference Call. With me today is Banc of California's CFO, John Bogler. I'm very pleased with the results of our second quarter, delivering net income available to common stockholders of $11.9 million and diluted earnings per common share of $0.23. John will talk in more depth about the quarterly results shortly. But before I hand it over to him, I would like to take a few moments to highlight some progress we've made on our business strategy.

As I mentioned on last quarter's call, I tasked our management team with focusing on 3 key areas of the business, which will have short- and long-term benefits for our community banking

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