Banc of California Inc (FRA:FPB)
€ 13.9 -0.1 (-0.71%) Market Cap: 2.37 Bil Enterprise Value: 2.53 Bil PE Ratio: 0 PB Ratio: 0.88 GF Score: 21/100

Q3 2021 Banc of California Inc Earnings Call Transcript

Oct 21, 2021 / 05:00PM GMT
Release Date Price: €17.31
Operator

Hello, and welcome to the Banc of California Analyst and Investor Conference call. (Operator Instructions) Please note today's event is being recorded. I would now like to turn the conference over to Jared Wolff. Mr. Wolff, please go ahead.

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

Good morning, and welcome to Banc of California's Third 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. At the beginning of the year, we laid out our strategic objectives for 2021, which have successfully executed on would lead to profitable growth in the company and improved earnings power.

Our strategic objectives were to maintain strong asset quality and capital as we continue to manage through the pandemic. Grow our earning assets and accelerate our loan growth, further reduce our cost of deposits and increase our net interest margin, keep expense levels relatively stable and realize more operating leverage as we build the balance sheet

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