Banc of California swings to 2Q26 loss of $1.61 a share; revenue drops to $16.4 million - BANC News | RalliesBanc of California swings to 2Q26 loss of $1.61 a share; revenue drops to $16.4 million
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BANC• Second-quarter results
- 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.
