BANC OF CALIFORNIA, INC. (BANC) Form 8-K — Jul 29, 2026
Banc of California reported a second quarter net loss of $241.3 million, or $(1.61) per share, a significant decrease from the prior quarter driven by a strategic balance sheet repositioning. The company completed the sale of its entire $2.3 billion held-to-maturity securities portfolio at a pre-tax loss of $251.3 million to facilitate a shift into higher-yielding assets. Proceeds from the securities sale were largely redeployed, with $1.7 billion reinvested at a weighted average yield of 4.87%, resulting in a 276 basis point yield pickup.
Key figures
- Net Interest Income
- 250501000
- Book Value Per Share
- 18.38
- Securities Sold Usd
- 2.3 billion
- Loss On Securities Sale Usd
- 251.3 million
- Yield On Redeployed Assets
- 4.87%
- Provision For Credit Losses
- 161780000
- Tangible Book Value Per Share
- 16.44
Price after filing
Close on the filing date to close N calendar days later (from $20.79). Historical, not a forecast.
AI analysis
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