BANC OF CALIFORNIA, INC. (BANC) Form 10-Q — Nov 6, 2026
Banc of California posted Q3 2026 net earnings of $73.1 million, or $0.46 per diluted share, up 21% from $0.38 a year earlier, as its Q2 strategic balance sheet repositioning began paying off. Net interest income rose 9% sequentially to $272.4 million with the net interest margin expanding 21 basis points to 3.34%, after the bank sold $2.3 billion of low-yielding HTM securities and redeployed into higher-yielding assets, sold $827 million of CRE/construction loans, and redeemed $385 million of subordinated debt. Capital ratios strengthened, with CET1 at 9.70% and Tier 1 at 12.10%.
Key figures
- Eps
- 0.46
- Revenue
- 303798000
- Net Income
- 83057000
- Total Debt
- 2408626000
- Cash Position
- 2168707000
- Shares Outstanding
- 157977644
- Cet1 ratio
- 9.70%
- Efficiency ratio
- 59.12%
- Buyback remaining
- 82600000
- Net interest margin
- 3.34%
- Tier1 capital ratio
- 12.10%
- Common dividend per share
- 0.12
- Subordinated debt redeemed
- 385000000
- Cre construction loan sales
- 827000000
- Htm securities repositioned
- 2300000000
- Net interest income q3 2026
- 272442000
- Tangible book value per share
- 16.09
- Pre tax pre provision income q3
- 118428000
- Preferred dividend per depositary share
- 0.4845
AI analysis
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