Earnings Releases·Oct 27, 2026, 4:16 PM ET

Banc of California, Inc. — Third Quarter 2026 Earnings Summary

Net earnings available to common stockholders rose 21% year-over-year to $73.1 million ($0.46 per diluted share), driven by a significant reduction in provision for credit losses to $10.4 million from $58.1 million in the prior year period.
Total revenue increased 6% year-over-year to $303.8 million, while pre-tax pre-provision income grew 16% year-over-year to $118.4 million, reflecting improved profitability following strategic balance sheet repositioning.
Management expects further profitability improvements in the fourth quarter as the company realizes full earnings from securities reinvestment and loan sales, with a strategic focus on disciplined loan growth and capital generation.
The company completed $525 million in commercial real estate and construction loan sales during the quarter, reduced reliance on wholesale funding through deposit growth, and repurchased $31.9 million of common stock in the first nine months of 2026.
Capital ratios strengthened significantly, with the CET1 ratio rising 45 basis points to 9.70% and Tier 1 capital ratio increasing 43 basis points to 12.10%, while nonperforming assets declined to $198.7 million.