Banc of California, Inc. Reports Second Quarter 2026 Financial Results and Announces Strategic Balance Sheet Repositioning to Enhance Long-Term Earnings

Banc of California reported a second quarter net loss of $1.61 per share, driven by a strategic balance sheet repositioning that included selling $2.3 billion of lower-yielding securities and $827 million of commercial real estate loans. The moves resulted in a $256.7 million pre-tax loss on securities but are expected to improve net interest margin through a 276 basis point yield pickup on redeployed capital, while also retiring $385 million of higher-cost subordinated debt.

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