Banc of California Inc (NYSE:BANCpE.PFD)
$ 25 0 (0%) Market Cap: - Enterprise Value: - PE Ratio: 0 PB Ratio: 0.87 GF Score: 79/100
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Q2 2021 Banc of California Inc Earnings Call Transcript

Jul 22, 2021 / 05:00PM GMT
Release Date Price: $25.45 (-0.02%)
Operator

Good day, and welcome to the Banc of California's Second Quarter 2021 Earnings Conference Call. (Operator Instructions) Please note, today's event is being recorded. I would now like to turn the conference over to Jared Wolff, President and Chief Executive Officer. Please go ahead, sir.

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

Good morning, and welcome to Banc of California's Second Quarter Earnings Call. Joining me on today's call is Lynn Hopkins, our Chief Financial Officer, who will talk in more detail about our quarterly results. With economic conditions improving in California and our business development activity continuing to increase, our second quarter results reflect the acceleration of our organic growth ahead of our pending acquisition of Pacific Mercantile Bancorp, which will add more than $1.3 billion in assets, excluding PPP loans and further improve our level of profitability.

In addition to generating significant organic balance sheet growth during the second quarter, we continued to execute well on

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