Banc of California Q4 Adj. EPS $0.42 Beats $0.37 Estimate, Sales $251.362M Miss $263.287M Estimate

Banc of California (NYSE:BANC) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.37 by 12.9 percent. This is a 50 percent increase over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $251.362 million which missed the analyst consensus estimate of $263.287 million by 4.53 percent. This is a 6.83 percent increase over sales of $235.285 million the same period last year.