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Banc of California BANC Equipment leased to others under operating leases

Equipment leased to others under operating leases at other companies

BankUnited logo
BankUnitedBKU
$150.21M-31.3%
First Citizens BancShares logo
First Citizens BancSharesFCNCA
$717M-1.9%
CNH Industrial N.V. logo
CNH Industrial N.V.CNH
$1.6B+6.8%
First Citizens BancShares logo
First Citizens BancSharesFCNCA
$0
Paccar logo
PaccarPCAR
$1.83B-1.9%
Valley National Bank logo
Valley National BankVLY
$10.06M-32.4%

Other financials

Income statement

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Revenue$286.9M+7.9%
Net income$72.0M+34.3%
EPS (diluted)$0.39+50.0%

Balance sheet

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Cash & equivalents$2.2B-5.4%
Total debt$3.1B+73.6%
Total equity$3.6B+0.9%
Total assets$34.7B+2.8%

Cash flow

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Operating cash flow$49.0M+224%
CapEx$3.4M+122%
Free cash flow$45.6M+235%

Valuation

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Market cap$3.16B+13.0%
Enterprise value$4.05B+95.2%
P/E12.8×-5.9×
P/S2.8×0.0×

Profitability

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Net margin21.7%+6.8pp
FCF margin23.4%

Returns & leverage

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Return on equity7%+2.7pp
Debt / equity0.9×+0.4×

Where this comes from

Reported directly by Banc of California in its filing.

Tagged under the XBRL concept banc:EquipmentLeasedToOthersUnderOperatingLeases.

The official record: Banc of California’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Banc of California's equipment leased to others under operating leases?
Banc of California (BANC) reported equipment leased to others under operating leases of $223.56M in Q1 2026.
What is the long-term trend for Banc of California's equipment leased to others under operating leases?
Over 3 years (2022 to 2025), Banc of California's equipment leased to others under operating leases has grown at a -16.2% compound annual growth rate (CAGR), from $404.25M to $238.23M.
What does equipment leased to others under operating leases mean?
The net book value of tangible equipment assets owned by the bank and leased to third-party clients under operating lease agreements. This reflects the bank's involvement in equipment financing and the diversification of its revenue streams beyond traditional lending.