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Side-by-side financial comparison of BANC OF CALIFORNIA, INC. (BANC) and MediaAlpha, Inc. (MAX). Click either name above to swap in a different company.

MediaAlpha, Inc. is the larger business by last-quarter revenue ($310.0M vs $286.9M, roughly 1.1× BANC OF CALIFORNIA, INC.). BANC OF CALIFORNIA, INC. runs the higher net margin — 25.1% vs 4.5%, a 20.5% gap on every dollar of revenue. On growth, MediaAlpha, Inc. posted the faster year-over-year revenue change (17.3% vs 7.9%). Over the past eight quarters, MediaAlpha, Inc.'s revenue compounded faster (31.9% CAGR vs -23.7%).

Banc of California is an American bank with 80 branches in California, as well as locations in Denver, Colorado, and Durham, North Carolina. The bank is headquartered in Los Angeles, California, with about 2,000 employees nationwide including in New York and Chicago. Banc of California offers a broad range of loan and deposit products and services, focusing on providing banking and treasury management services to small-, middle-market, and venture-backed businesses.

Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.

BANC vs MAX — Head-to-Head

Bigger by revenue
MAX
MAX
1.1× larger
MAX
$310.0M
$286.9M
BANC
Growing faster (revenue YoY)
MAX
MAX
+9.4% gap
MAX
17.3%
7.9%
BANC
Higher net margin
BANC
BANC
20.5% more per $
BANC
25.1%
4.5%
MAX
Faster 2-yr revenue CAGR
MAX
MAX
Annualised
MAX
31.9%
-23.7%
BANC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
BANC
BANC
MAX
MAX
Revenue
$286.9M
$310.0M
Net Profit
$72.0M
$14.0M
Gross Margin
15.1%
Operating Margin
7.2%
Net Margin
25.1%
4.5%
Revenue YoY
7.9%
17.3%
Net Profit YoY
34.3%
701.8%
EPS (diluted)
$0.39

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BANC
BANC
MAX
MAX
Q1 26
$286.9M
$310.0M
Q4 25
$458.5M
$291.2M
Q3 25
$466.8M
$306.5M
Q2 25
$453.1M
$251.6M
Q1 25
$440.3M
$264.3M
Q4 24
$453.5M
$300.6M
Q3 24
$431.4M
$259.1M
Q2 24
$492.4M
$178.3M
Net Profit
BANC
BANC
MAX
MAX
Q1 26
$72.0M
$14.0M
Q4 25
$77.4M
$31.4M
Q3 25
$69.6M
$14.9M
Q2 25
$28.4M
$-18.7M
Q1 25
$53.6M
$-1.9M
Q4 24
$56.9M
$4.6M
Q3 24
$8.8M
$9.5M
Q2 24
$30.3M
$3.6M
Gross Margin
BANC
BANC
MAX
MAX
Q1 26
15.1%
Q4 25
15.4%
Q3 25
14.2%
Q2 25
15.0%
Q1 25
15.8%
Q4 24
16.3%
Q3 24
15.1%
Q2 24
17.8%
Operating Margin
BANC
BANC
MAX
MAX
Q1 26
7.2%
Q4 25
21.8%
7.7%
Q3 25
19.8%
6.4%
Q2 25
10.6%
-8.0%
Q1 25
16.6%
0.0%
Q4 24
15.5%
6.1%
Q3 24
2.7%
6.0%
Q2 24
9.1%
3.6%
Net Margin
BANC
BANC
MAX
MAX
Q1 26
25.1%
4.5%
Q4 25
16.9%
10.8%
Q3 25
14.9%
4.9%
Q2 25
6.3%
-7.4%
Q1 25
12.2%
-0.7%
Q4 24
12.6%
1.5%
Q3 24
2.0%
3.7%
Q2 24
6.2%
2.0%
EPS (diluted)
BANC
BANC
MAX
MAX
Q1 26
$0.39
Q4 25
$0.41
$0.50
Q3 25
$0.38
$0.26
Q2 25
$0.12
$-0.33
Q1 25
$0.26
$-0.04
Q4 24
$0.29
$0.09
Q3 24
$-0.01
$0.17
Q2 24
$0.12
$0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BANC
BANC
MAX
MAX
Cash + ST InvestmentsLiquidity on hand
$2.2B
$26.1M
Total DebtLower is stronger
$163.5M
Stockholders' EquityBook value
$3.6B
Total Assets
$34.7B
$367.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BANC
BANC
MAX
MAX
Q1 26
$2.2B
$26.1M
Q4 25
$46.9M
Q3 25
$38.8M
Q2 25
$85.4M
Q1 25
$63.6M
Q4 24
$43.3M
Q3 24
$32.3M
Q2 24
$28.7M
Total Debt
BANC
BANC
MAX
MAX
Q1 26
$163.5M
Q4 25
$2.1B
$153.4M
Q3 25
$2.0B
$155.7M
Q2 25
$1.9B
$158.0M
Q1 25
$1.7B
$160.2M
Q4 24
$1.4B
$162.4M
Q3 24
$1.6B
$164.7M
Q2 24
$1.4B
$166.9M
Stockholders' Equity
BANC
BANC
MAX
MAX
Q1 26
$3.6B
Q4 25
$3.5B
$4.2M
Q3 25
$3.5B
$-29.8M
Q2 25
$3.4B
$-3.8M
Q1 25
$3.5B
$7.9M
Q4 24
$3.5B
$2.4M
Q3 24
$3.5B
$-8.4M
Q2 24
$3.4B
$-24.4M
Total Assets
BANC
BANC
MAX
MAX
Q1 26
$34.7B
$367.7M
Q4 25
$34.8B
$383.8M
Q3 25
$34.0B
$266.2M
Q2 25
$34.3B
$249.4M
Q1 25
$33.8B
$240.0M
Q4 24
$33.5B
$262.4M
Q3 24
$33.4B
$236.1M
Q2 24
$35.2B
$198.2M
Debt / Equity
BANC
BANC
MAX
MAX
Q1 26
Q4 25
0.58×
36.88×
Q3 25
0.58×
Q2 25
0.56×
Q1 25
0.47×
20.23×
Q4 24
0.40×
68.31×
Q3 24
0.46×
Q2 24
0.42×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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