Banc of California, Inc. Reports Third Quarter Diluted Earnings per Share of $0.46, Up 21% Year Over Year
Business Wire•27/10/2026•16:15 ET
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Key Highlights
- ➤Q3 diluted EPS $0.46, up 21% year over year
- ➤Total revenue $303.8 million, up 6% year over year
- ➤Net interest margin 3.34%, expanding 21 basis points sequentially
- ➤Average deposits increased $565.3 million, or 8% annualized
- ➤CET1 capital ratio 9.70%, up 45 basis points sequentially
Expert Statements
Jared Wolff, Chairman & CEO of Banc of California
“Our third quarter results demonstrate the stronger earnings foundation we have created through our second quarter strategic balance sheet repositioning and continued execution across our business. Compared to the first quarter, before the repositioning, diluted earnings per share increased 18%, total revenue increased 6% and pre-tax pre-provision income increased 12%. We also grew deposits, reduced our reliance on brokered funding and increased our CET1 ratio by 45 basis points from the second quarter.”
Jared Wolff, Chairman & CEO of Banc of California
“We expect further improvement in profitability in the fourth quarter as we realize a full quarter of earnings from our securities reinvestment and additional benefits from the completed loan sales. We are focused on building on this progress through deeper client relationships, disciplined loan growth, growth in relationship deposits and continued capital generation to deliver sustainable earnings growth and long-term shareholder value.”
Banc of California, Inc. Reports Third Quarter Diluted Earnings per Share of $0.46, Up 21% Year Over Year
Strategic Repositioning and Core Business Performance Drive Higher Earnings and Positive Operating Leverage
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