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Banc of California (Banc of California) Effective Interest Rate on Debt % : 28.83% (As of Mar. 2024)


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What is Banc of California Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Banc of California's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $998.4 Mil. Banc of California's average total debt for the quarter that ended in Mar. 2024 was $3,462.6 Mil. Therefore, Banc of California's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 28.83%.


Banc of California Effective Interest Rate on Debt % Historical Data

The historical data trend for Banc of California's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Banc of California Effective Interest Rate on Debt % Chart

Banc of California Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.27 5.98 6.90 15.60 37.78

Banc of California Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.64 9.85 12.27 165.00 28.83

Competitive Comparison of Banc of California's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Banc of California's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Banc of California's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banc of California's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Banc of California's Effective Interest Rate on Debt % falls into.



Banc of California Effective Interest Rate on Debt % Calculation

Banc of California's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -1223.872/( (2631.117+3847.921)/ 2 )
=-1  *  -1223.872/3239.519
=37.78 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2631.117 + 0
=2631.117

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1229.621 + 2618.3
=3847.921

Banc of California's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -998.408/( (3847.921+3077.215)/ 2 )
=-1  *  -998.408/3462.568
=28.83 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1229.621 + 2618.3
=3847.921

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1532.215 + 1545
=3077.215

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Banc of California  (NYSE:BANC) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Banc of California Effective Interest Rate on Debt % Related Terms

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Banc of California (Banc of California) Business Description

Industry
Traded in Other Exchanges
Address
3 MacArthur Place, Santa Ana, CA, USA, 92707
Banc of California Inc is a financial holding company. It offers banking and financial services. The company's services include banking services, lending services, and private banking services. Its deposit and banking product and service offerings include checking, savings, money market, certificates of deposit, and retirement accounts. Lending activities are focused on providing financing to California's diverse private businesses, entrepreneurs, and communities, and loans are often secured by California commercial and residential real estate.
Executives
James Andrew Barker director C/O BANC OF CALIFORNIA, INC., 3 MACARTHUR PLACE, SANTA ANA CA 92707
Richard J Lashley director C/O PL CAPITAL, LLC, 47 E. CHICAGO AVE., SUITE 328, NAPERVILLE IL 60540
Joseph J Rice director C/O 3 MACARTHUR PLACE, SANTA ANA CA 92707
Joseph Kauder officer: Chief Financial Officer C/O BANC OF CALIFORNIA, 3 MACARTHUR PLACE, SANTA ANA CA 92707
Robert D Sznewajs director
Jared M Wolff director, officer: PRESIDENT AND CEO 120 WILSHIRE BLVD, SANTA MONICA CA 90401
John K Sotoodeh officer: Chief Operating Officer C/O BANC OF CALIFORNIA, INC., 3 MACARTHUR PLACE, SANTA ANA CA 92707
Raymond J Rindone officer: CAO/Deputy CFO C/O BANC OF CALIFORNIA, INC., 3 MACARTHUR PLACE, SANTA ANA CA 92707
Vania E Schlogel director C/O BANC OF CALIFORNIA, INC., 3 MACARTHUR PLACE, SANTA ANA CA 92707
Denis P Kalscheur director 949 SOUTH COAST DRIVE, THIRD FLOOR, COSTA MESA CA 92626
Shannon F Eusey director 949 SOUTH COAST DRIVE, THIRD FLOOR, COSTA MESA CA 92626
Diana Hanson officer: Chief Accounting Officer 17785 CENTER COURT DR #750, CERRITOS CA 90703
Mary A Curran director 3 MACARTHUR BLVD, SANTA ANA CA 92707
Robert G Dyck officer: EVP, Credit Administration P O BOX 2388, RANCHO SANTA FE CA 92067
Lynn M Hopkins officer: CHIEF FINANCIAL OFFICER 17785 CENTER COURT DRIVE, SUITE 750, CERRITOS CA 90703