Banc of California swings to 2Q26 loss of $1.61 a share; revenue drops to $16.4 million

Reuters2026/07/29 10:34

By:Reuters

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Banc of California swung to a GAAP net loss of USD 241.3 million, or USD 1.61 per share, in 2Q26.
GAAP pre-tax loss widened to USD 335.2 million from USD 95.8 million of pre-tax profit in 1Q26.
Net interest margin narrowed 11 bps sequentially to 3.13%, while net interest income edged down to USD 250.5 million.
Common equity Tier 1 ratio fell to 9.25% from 10.18%, while tangible book value per share slid to USD 16.44 from USD 17.77.
Outlook calls for year-end NIM of 3.30%-3.40% with ROAA of 0.95%-1.00%, following securities repositioning and an expected 3Q loan sale close.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banc of California Inc. published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Banc of California swings to 2Q26 loss of $1.61 a share; revenue drops to $16.4 million

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