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

Banc of California, Inc. reported third-quarter 2026 diluted earnings per share of $0.46, representing a 21% increase year-over-year and a significant turnaround from the second quarter's loss. Total revenue grew 6% to $303.8 million, driven by a 9% increase in net interest income to $272.4 million and a 16% rise in pre-tax pre-provision income. The company successfully executed a strategic balance sheet repositioning, selling $827 million in commercial real estate and construction loans to reduce reliance on brokered funding and improve capital ratios. Credit quality trends remained favorable with nonperforming loans declining to $177.2 million, while the allowance for credit losses covered 152% of these nonperforming assets.