Banc of California (BANC) Q1 2026 Transcript [Globe and Mail, The (Toronto, Canada)]
Banc of California, Inc. (BANC)
Last banc of california, inc. earnings: 4/29 06:00 am
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US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4074352
Company Research
Source: Globe and Mail, The
President and Chief Executive Officer — Jared M. Wolff Chief Financial Officer — Joseph Kauder Need a quote from a Motley Fool analyst? Email pr@fool.com TAKEAWAYS Earnings per Share -- $0.39, up 50%, led by net interest margin expansion and positive operating leverage. Pretax Pre-Provision Income -- Increased 28%, reflecting improved profitability. Adjusted Efficiency Ratio -- Improved by nearly 500 basis points, indicating enhanced operational efficiency. Net Interest Income -- $251.6 million, up 8%; remained relatively flat sequentially due to two fewer days in the quarter. Net Interest Margin -- Expanded to 3.24%, up 4 basis points from Q4 and 6 basis points year over year. Spot Net Interest Margin -- 3.22% after adjusting for the FHLB special dividend. Dividends and Share Buybacks -- Dividend per share increased to $0.12; 1.7 million shares repurchased; buyback program extended through March 2027. Subordinated Debt Redemption -- Plans to redeem $385 million
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BANC
News
- Banc of California (BANC) had its "buy" rating reaffirmed by DA Davidson. They now have a $24.00 price target on the stock.MarketBeat
- Banc of California (BANC) had its "overweight" rating reaffirmed by Piper Sandler.MarketBeat
- Banc of California (BANC) had its price target raised by JPMorgan Chase & Co. from $20.50 to $22.00. They now have an "overweight" rating on the stock.MarketBeat
- BANC Q1 Deep Dive: Margin Expansion and Deposit Growth Drive Positive Outlook [Yahoo! Finance]Yahoo! Finance
- Banc of California, Inc. (BANC) Q1 2026 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
BANC
Earnings
- 4/22/26 - Beat
BANC
Sec Filings
- 4/29/26 - Form 4
- 4/29/26 - Form 4
- 4/29/26 - Form 144
- BANC's page on the SEC website