Recent Updates — BANC

Banc of California reported third-quarter 2026 net earnings of $73.1 million, or $0.46 per diluted share, compared to $59.7 million, or $0.38 per diluted share in the prior-year period. Total revenue grew 6% year-over-year 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 to $118.4 million. The results reflect the benefits of a strategic balance sheet repositioning completed in the second quarter, which included the sale of approximately $525 million in commercial real estate loans and reinvestment into higher-yielding securities. Capital ratios improved, with the CET1 ratio rising 45 basis points to 9.70%. Banc of California operates as a regional bank holding company providing commercial banking services primarily in California.