Balance Sheet RepositioningBanc of California is benefiting from its balance sheet repositioning which included significant asset sales and borrowings paydown.
Financial PerformanceNoninterest-bearing deposits growth highlights success in key service areas like HOA, fund finance, and mortgage warehouse, enhancing Banc of California's financial performance.
Stock Rating And Price TargetAnalyst maintains BUY rating and sets a $20 price target for Banc of California, reflecting confidence in the bank's potential for growth.