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%.
Credit losses and noninterest income
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.
BANC•
