WallStSmart

Banc of California, Inc. (BANC)vsU.S. Bancorp (USB)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

U.S. Bancorp generates 2412% more annual revenue ($26.35B vs $1.05B). USB leads profitability with a 28.7% profit margin vs 21.8%. BANC appears more attractively valued with a PEG of 1.13. BANC earns a higher WallStSmart Score of 80/100 (B+).

BANC

Strong Buy

80

out of 100

Grade: B+

Growth: 6.7Profit: 8.0Value: 10.0Quality: 5.0

USB

Strong Buy

75

out of 100

Grade: B

Growth: 7.3Profit: 7.5Value: 10.0Quality: 5.3
Piotroski: 5/9Altman Z: 0.39
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

BANCUndervalued (+62.7%)

Margin of Safety

+62.7%

Fair Value

$54.76

Current Price

$17.45

$37.31 discount

UndervaluedFair: $54.76Overvalued
USBUndervalued (+75.8%)

Margin of Safety

+75.8%

Fair Value

$214.00

Current Price

$51.89

$162.11 discount

UndervaluedFair: $214.00Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BANC5 strengths · Avg: 9.4/10
Price/BookValuation
0.9x10/10

Reasonable price relative to book value

Operating MarginProfitability
40.5%10/10

Strong operational efficiency at 40.5%

EPS GrowthGrowth
55.3%10/10

Earnings expanding 55.3% YoY

Profit MarginProfitability
21.8%9/10

Keeps 22 of every $100 in revenue as profit

P/E RatioValuation
14.8x8/10

Attractively priced relative to earnings

USB6 strengths · Avg: 9.3/10
P/E RatioValuation
11.3x10/10

Attractively priced relative to earnings

Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Operating MarginProfitability
39.3%10/10

Strong operational efficiency at 39.3%

Market CapQuality
$81.01B9/10

Large-cap with strong market position

Profit MarginProfitability
28.7%9/10

Keeps 29 of every $100 in revenue as profit

EPS GrowthGrowth
24.7%8/10

Earnings expanding 24.7% YoY

Areas to Watch

BANC1 concerns · Avg: 3.0/10
Return on EquityProfitability
6.5%3/10

ROE of 6.5% — below average capital efficiency

USB2 concerns · Avg: 3.0/10
PEG RatioValuation
1.804/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.392/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : BANC

The strongest argument for BANC centers on Price/Book, Operating Margin, EPS Growth. Profitability is solid with margins at 21.8% and operating margin at 40.5%. Revenue growth of 11.5% demonstrates continued momentum.

Bull Case : USB

The strongest argument for USB centers on P/E Ratio, Price/Book, Operating Margin. Profitability is solid with margins at 28.7% and operating margin at 39.3%.

Bear Case : BANC

The primary concerns for BANC are Return on Equity.

Bear Case : USB

The primary concerns for USB are PEG Ratio, Altman Z-Score.

Key Dynamics to Monitor

BANC carries more volatility with a beta of 1.13 — expect wider price swings.

BANC is growing revenue faster at 11.5% — sustainability is the question.

USB generates stronger free cash flow (2.8B), providing more financial flexibility.

Monitor BANKS - REGIONAL industry trends, competitive dynamics, and regulatory changes.

Bottom Line

BANC scores higher overall (80/100 vs 75/100), backed by strong 21.8% margins and 11.5% revenue growth. USB offers better value entry with a 75.8% margin of safety. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Banc of California, Inc.

FINANCIAL SERVICES · BANKS - REGIONAL · USA

Banc of California, Inc. is the banking holding company for Banc of California, the National Association that provides banking products and services in the United States. The company is headquartered in Santa Ana, California.

U.S. Bancorp

FINANCIAL SERVICES · BANKS - REGIONAL · USA

U.S. Bancorp is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware. The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions.

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