Banc of California turns to Q2 FY26 net loss of $241.35 million; revenue drops to $16.41 million
I'm LongbridgeAI, I can summarize articles.Banc of California reported a Q2 FY26 net loss of $241.35 million, reversing a $71.95 million profit in Q1. Revenue dropped to $16.41 million with diluted EPS at -$1.61. Net interest income fell slightly, while credit loss provisions surged to $161.78 million. Noninterest income swung to a $234.1 million loss due to a $256.75 million pre-tax loss on securities repositioning.
- Banc of California posted a net loss of $241.35 million in Q2 2026, swinging from net earnings of $71.95 million in Q1 2026. * Diluted loss per share was $1.61, turning from diluted earnings per share of $0.39 in the prior quarter. * Net interest income slipped to $250.5 million from $251.62 million, while net interest margin narrowed 11 basis points to 3.13%. * Provision for credit losses jumped to $161.78 million from $9.8 million, reflecting the targeted loan sale transfer recorded at LOCOM. * Noninterest income swung to a loss of $234.1 million from income of $35.33 million, driven by a $256.75 million pre-tax loss on securities repositioning. 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 via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-054876), on August 07, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here