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

BANC OF CALIFORNIA, INC. is the larger business by last-quarter revenue ($286.9M vs $197.9M, roughly 1.4× REPLIGEN CORP). BANC OF CALIFORNIA, INC. runs the higher net margin — 25.1% vs 6.7%, a 18.4% gap on every dollar of revenue. On growth, REPLIGEN CORP posted the faster year-over-year revenue change (13.6% vs 7.9%). Over the past eight quarters, REPLIGEN CORP's revenue compounded faster (14.4% 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.

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

BANC vs RGEN — Head-to-Head

Bigger by revenue
BANC
BANC
1.4× larger
BANC
$286.9M
$197.9M
RGEN
Growing faster (revenue YoY)
RGEN
RGEN
+5.8% gap
RGEN
13.6%
7.9%
BANC
Higher net margin
BANC
BANC
18.4% more per $
BANC
25.1%
6.7%
RGEN
Faster 2-yr revenue CAGR
RGEN
RGEN
Annualised
RGEN
14.4%
-23.7%
BANC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BANC
BANC
RGEN
RGEN
Revenue
$286.9M
$197.9M
Net Profit
$72.0M
$13.3M
Gross Margin
52.5%
Operating Margin
9.0%
Net Margin
25.1%
6.7%
Revenue YoY
7.9%
13.6%
Net Profit YoY
34.3%
143.9%
EPS (diluted)
$0.39
$0.24

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
RGEN
RGEN
Q1 26
$286.9M
Q4 25
$458.5M
$197.9M
Q3 25
$466.8M
$188.8M
Q2 25
$453.1M
$182.4M
Q1 25
$440.3M
$169.2M
Q4 24
$453.5M
$174.1M
Q3 24
$431.4M
$154.9M
Q2 24
$492.4M
$154.1M
Net Profit
BANC
BANC
RGEN
RGEN
Q1 26
$72.0M
Q4 25
$77.4M
$13.3M
Q3 25
$69.6M
$14.9M
Q2 25
$28.4M
$14.9M
Q1 25
$53.6M
$5.8M
Q4 24
$56.9M
$-30.3M
Q3 24
$8.8M
$-654.0K
Q2 24
$30.3M
$3.3M
Gross Margin
BANC
BANC
RGEN
RGEN
Q1 26
Q4 25
52.5%
Q3 25
53.2%
Q2 25
50.0%
Q1 25
53.6%
Q4 24
26.1%
Q3 24
50.0%
Q2 24
49.8%
Operating Margin
BANC
BANC
RGEN
RGEN
Q1 26
Q4 25
21.8%
9.0%
Q3 25
19.8%
8.9%
Q2 25
10.6%
7.6%
Q1 25
16.6%
3.9%
Q4 24
15.5%
-17.7%
Q3 24
2.7%
-5.1%
Q2 24
9.1%
1.0%
Net Margin
BANC
BANC
RGEN
RGEN
Q1 26
25.1%
Q4 25
16.9%
6.7%
Q3 25
14.9%
7.9%
Q2 25
6.3%
8.2%
Q1 25
12.2%
3.4%
Q4 24
12.6%
-17.4%
Q3 24
2.0%
-0.4%
Q2 24
6.2%
2.2%
EPS (diluted)
BANC
BANC
RGEN
RGEN
Q1 26
$0.39
Q4 25
$0.41
$0.24
Q3 25
$0.38
$0.26
Q2 25
$0.12
$0.26
Q1 25
$0.26
$0.10
Q4 24
$0.29
$-0.55
Q3 24
$-0.01
$-0.01
Q2 24
$0.12
$0.06

Balance Sheet & Financial Strength

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

Metric
BANC
BANC
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$2.2B
$767.6M
Total DebtLower is stronger
$542.2M
Stockholders' EquityBook value
$3.6B
$2.1B
Total Assets
$34.7B
$2.9B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BANC
BANC
RGEN
RGEN
Q1 26
$2.2B
Q4 25
$767.6M
Q3 25
$748.7M
Q2 25
$708.9M
Q1 25
$697.2M
Q4 24
$757.4M
Q3 24
$784.0M
Q2 24
$809.1M
Total Debt
BANC
BANC
RGEN
RGEN
Q1 26
Q4 25
$2.1B
$542.2M
Q3 25
$2.0B
$537.9M
Q2 25
$1.9B
Q1 25
$1.7B
Q4 24
$1.4B
$525.6M
Q3 24
$1.6B
Q2 24
$1.4B
Stockholders' Equity
BANC
BANC
RGEN
RGEN
Q1 26
$3.6B
Q4 25
$3.5B
$2.1B
Q3 25
$3.5B
$2.1B
Q2 25
$3.4B
$2.1B
Q1 25
$3.5B
$2.0B
Q4 24
$3.5B
$2.0B
Q3 24
$3.5B
$2.0B
Q2 24
$3.4B
$2.0B
Total Assets
BANC
BANC
RGEN
RGEN
Q1 26
$34.7B
Q4 25
$34.8B
$2.9B
Q3 25
$34.0B
$2.9B
Q2 25
$34.3B
$2.9B
Q1 25
$33.8B
$2.9B
Q4 24
$33.5B
$2.8B
Q3 24
$33.4B
$2.8B
Q2 24
$35.2B
$2.9B
Debt / Equity
BANC
BANC
RGEN
RGEN
Q1 26
Q4 25
0.58×
0.26×
Q3 25
0.58×
0.26×
Q2 25
0.56×
Q1 25
0.47×
Q4 24
0.40×
0.27×
Q3 24
0.46×
Q2 24
0.42×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BANC
BANC
RGEN
RGEN
Operating Cash FlowLast quarter
$25.7M
Free Cash FlowOCF − Capex
$17.6M
FCF MarginFCF / Revenue
8.9%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BANC
BANC
RGEN
RGEN
Q1 26
Q4 25
$255.6M
$25.7M
Q3 25
$75.7M
$48.1M
Q2 25
$62.7M
$28.6M
Q1 25
$15.1M
$15.0M
Q4 24
$77.4M
$39.2M
Q3 24
$46.9M
$49.3M
Q2 24
$39.1M
$42.2M
Free Cash Flow
BANC
BANC
RGEN
RGEN
Q1 26
Q4 25
$234.8M
$17.6M
Q3 25
$75.5M
$43.4M
Q2 25
$61.4M
$21.5M
Q1 25
$13.6M
$11.4M
Q4 24
$64.3M
$33.6M
Q3 24
$44.6M
$42.3M
Q2 24
$34.4M
$37.4M
FCF Margin
BANC
BANC
RGEN
RGEN
Q1 26
Q4 25
51.2%
8.9%
Q3 25
16.2%
23.0%
Q2 25
13.6%
11.8%
Q1 25
3.1%
6.8%
Q4 24
14.2%
19.3%
Q3 24
10.3%
27.3%
Q2 24
7.0%
24.3%
Capex Intensity
BANC
BANC
RGEN
RGEN
Q1 26
Q4 25
4.5%
4.1%
Q3 25
0.0%
2.5%
Q2 25
0.3%
3.9%
Q1 25
0.3%
2.1%
Q4 24
2.9%
3.2%
Q3 24
0.5%
4.5%
Q2 24
1.0%
3.1%
Cash Conversion
BANC
BANC
RGEN
RGEN
Q1 26
Q4 25
3.30×
1.93×
Q3 25
1.09×
3.23×
Q2 25
2.21×
1.92×
Q1 25
0.28×
2.57×
Q4 24
1.36×
Q3 24
5.34×
Q2 24
1.29×
12.70×

Financial Flow Comparison

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

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