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Banc of California Named to Forbes 2016 List of 100 Best Banks in America

January 14, 2016, 07:03 AM
Filed Under: Banking News

Banc of California announced it has been named by Forbes Magazine to the 2016 list of the Best Banks in America. To compile its ranking, Forbes analyzed 10 metrics using data from SNL Financial in order to rank the 100 largest publically traded banks and thrifts by financial performance, operating efficiency, growth rate, and credit quality. Banc of California was included in the list for the first time, debuting at #56.

“This recognition firmly places Banc of California as one of the top performing banks in America,” said Steven Sugarman, Chairman and Chief Executive Officer of Banc of California.  “We are especially pleased to have ranked in the Top 20 for return on tangible common equity and in the Top 5 for annual growth rate.  We believe that our ROTCE over 15% and growth rate over 40% provides our shareholders with a compelling value proposition that will continue to result in industry leading earnings per share growth. In 2015, our total shareholders return of over 32% ranked in the Top 4 of the Top 100 Banks and exceeded by over 25% the total returns of each of the KBW Bank Index, the KBW Regional Bank Index and the Russell 3000.”

Recently ranked as the Fastest-Growing Public Midsize Company headquartered in Orange County, California, Banc of California finished 2015 with approximately $8.2 billion in total assets, $6.3 billion of total deposits and $5.9 billion in total loans.

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