Banc of California, Inc. (BANC) Earnings
Banc of California, Inc. is expected to report next earnings on July 29, 2026 (in NaN days), with a consensus EPS estimate of $0.40. BANC has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise +10.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.38 | $0.39 | +2.6% | $287M | -1.3% |
| Jan 21, 2026 | $0.37 | $0.42 | +13.5% | $293M | +0.6% |
| Oct 22, 2025 | $0.32 | $0.38 | +17.1% | $286M | +1.0% |
| Apr 23, 2025 | $0.24 | $0.26 | +8.3% | $264M | -2.6% |
| Jan 23, 2025 | $0.23 | $0.28 | +21.7% | $260M | -5.9% |
| Oct 22, 2024 | $0.14 | $0.25 | +76.7% | $213M | -19.0% |
| Jul 23, 2024 | $0.19 | $0.10 | -47.4% | $255M | +6.2% |
| Jan 25, 2024 | $-0.32 | $-0.46 | -43.8% | $1.1B | +544.4% |
| Jul 25, 2023 | $0.31 | $0.31 | +0.0% | $53M | -26.4% |
| Apr 20, 2023 | $0.37 | $0.34 | -8.1% | $309M | +293.1% |
| Jan 19, 2023 | $0.43 | $0.45 | +4.7% | $79M | -8.9% |
| Oct 20, 2022 | $0.47 | $0.40 | -14.9% | $85M | -3.8% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Strong quarter with year-over-year earnings growth, net interest margin expansion, and positive operating leverage. EPS grew 50% to $0.39. Pretax, pre-provision income up 28%, adjusted efficiency ratio improved nearly 500 basis points. • Repurchased 1.7 million shares, extended buyback program, increased dividend, and announced plans to redeem $385 million of subordinated debt. • Core deposit trends constructive with noninterest-bearing deposits growth and deposit mix improvement. • Loan production strong, remixing balance sheet toward higher-rate loans. • Managed credit proactively, some credit migration but not broad change. • Balance sheet strong with healthy capital and liquidity. • AI tools being deployed broadly with early efficiency gains.
Guidance
• Reaffirming pretax, pre-provision income growth of 20% to 25% and noninterest expense growth of 3% to 3.5%. • Expect NIM to continue expanding through remainder of year with average quarterly expansion of three to four basis points. • Expect full-year loan growth in mid-single digits depending on economic conditions. • Expect deposits to grow mid-single digits over course of year.
Segment performance
Net income was $62 million, or $0.39 per diluted share, up 50% from prior-year period. Net interest income was $251.6 million, up 8% year over year. Net interest margin expanded to 3.24%. Noninterest income was $35.3 million, relatively flat quarter over quarter excluding lease residual gain. Noninterest expense was $181.4 million, relatively flat from prior quarter and down 1% from year ago. Core deposit trends constructive with average noninterest-bearing deposits up 4% annualized quarter over quarter and deposit mix improvement. Loan production and disbursements at $2.1 billion in quarter with strong activity across portfolio.
Risks & headwinds
• Uncertainty created by conflict in Middle East and potential second-order effects on growth, inflation, and client activity. • Credit migration could potentially disrupt earnings if not managed properly. • Sensitivity to interest rate changes affecting net interest margin and deposit costs.
Analyst Q&A
Q: Can you walk through plan for working out increases in special mention and nonperforming loans?
A: Borrowers contributed more equity, but we want to see performance over time.
Q: How linear should NIM expansion be?
A: In theory pretty linear, picking up as year goes on with balance sheet growth and higher-yielding loans.
Q: What causes expense run rate to grow?
A: Continued increase in compensation expense due to seasonality and investments in platform.
Q: Top priorities with regulatory capital relief?
A: Buybacks, redeeming preferred, and looking at balance sheet for low-hanging fruit.
Q: What is different or similar in credit process this year?
A: Similar to last year with larger legacy relationships, migrated without getting in way of earnings.
Q: How have deposit flows been early in second quarter?
A: Higher this quarter than last quarter at same point in time.
Q: On brokered deposits, any term?
A: Largely within three to six months, all less than a year.
Q: On NII cadence, still feel range is right?
A: Still feel comfortable with guidance provided, first quarter historically weaker.
Q: Quantify comp expense seasonal resets?
A: Increase in compensation from fourth to first quarter substantially driven by resets, half to two-thirds roll off over year.