Every 10-Q that Banc of California, Inc. (BANC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BANC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BANC filings page.
Banc of California, Inc. reported a Q2 2026 net loss of 241,347 (in thousands), or (1.61) per diluted share, versus net earnings in the prior-year quarter. Net interest income was 250,501, modestly higher year over year, but results were heavily affected by a 161,780 provision for credit losses and a 256,749 loss on securities available-for-sale.
As part of “strategic balance sheet actions,” the company transferred its entire $2.3 billion HTM securities portfolio to AFS and sold most of it, realizing a net loss on sale of 251,300 (in thousands), then reinvested $1.7 billion of proceeds into higher-yielding, lower-duration AFS securities. Total assets were 35,030,953 and deposits 28,121,182 at June 30, 2026. Loans held for investment declined to 24,210,846, while nonaccrual loans rose to 203,712. Stockholders’ equity was 3,410,146, reflecting the net loss partially offset by an improvement in accumulated other comprehensive loss, and cash, cash equivalents, and restricted cash increased to 2,818,055.
Banc of California, Inc. reported solid quarterly results, showing stable balance sheet size and higher profitability. Total assets were $34.7 billion and loans held for investment were $24.8 billion, while deposits totaled $27.3 billion, indicating a loan book still largely funded by core deposits.
For the three months ended March 31, 2026, net earnings were $71.9 million, up from $53.6 million a year earlier, and diluted earnings per share rose to $0.39 from $0.26. Net interest income was $251.6 million, as interest expense on deposits and borrowings remained well below interest income on loans and securities.
Credit quality metrics were manageable but required continued provisioning. The allowance for loan and lease losses stood at $241.6 million after a $9.8 million provision and $13.8 million of net charge-offs, and nonaccrual loans and leases were $185.7 million. Investment securities remained a significant part of the balance sheet, with $2.7 billion classified as available-for-sale and $2.3 billion held-to-maturity, carrying sizable but unrealized losses driven mainly by interest rate movements.
Banc of California, Inc. reported stronger results for the quarter and nine months ended September 30, 2025. For the quarter, net earnings were $69,629 thousand and basic and diluted earnings per share were $0.38, compared with a net loss available to common stockholders in the prior-year quarter.
For the nine months, net earnings increased to $151,582 thousand from $69,969 thousand a year earlier, as net interest income rose to $726,024 thousand and noninterest expense declined to $555,206 thousand. Total assets reached $34,012,965 thousand, with loans and leases held for investment of $24,110,642 thousand and total deposits of $27,184,765 thousand.
Credit quality remained manageable, with nonaccrual loans and leases of $174,541 thousand and an allowance for loan and lease losses of $240,501 thousand. The company also reported $328,249 thousand of loan modifications for borrowers experiencing financial difficulty, mainly in commercial, real estate, and venture capital portfolios.
Banc of California reported stronger first-half results driven by higher net interest income and loan growth. For the six months ended June 30, 2025, net earnings were $81,953 thousand, up from $61,185 thousand a year earlier, with net interest income of $472,580 thousand versus $458,590 thousand. Loans held for investment rose to $24,245,893 thousand from $23,781,663 thousand and total assets reached $34,250,453 thousand.
The company increased the provision for credit losses to $48,400 thousand (prior-year six months $21,000 thousand), while the allowance for loan and lease losses stood at $229,344 thousand. Loans held for sale expanded to $465,571 thousand. Noninterest expense declined to $369,522 thousand from $414,161 thousand, and common stock repurchases totaled $151,845 thousand; cash, cash equivalents, and restricted cash ended at $2,353,552 thousand.