BANC OF CALIFORNIA, INC.(BANC)— Stock Profile, AI Score & Financials
Financials · NYSE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
BANC OF CALIFORNIA, INC. (BANC) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores BANC at 35.3/100 on a 32-signal composite quality model, placing it at rank #2,310 of 2,962 stocks — the bottom half of the AI-ranked universe. BANC scores in the top quartile across earnings quality (96.7), free cash flow (80.1). Areas of concern include revenue growth (14.6) and profitability (24.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), BANC OF CALIFORNIA, INC. reports quarterly revenue of $180.5M, net income of $-241.3M, free cash flow of $158.8M. Top institutional holders of BANC by reported 13-F value include BlackRock, T. Rowe Price Investment Management, STATE STREET, based on the most recent SEC filings. BANC trades on the NYSE exchange and files with the SEC under CIK 1169770. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BANC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BANC OF CALIFORNIA, INC. directly from SEC EDGAR.
AI Quality Score
35.3/100
AI Rank
#2,310
Revenue
$180.5M
Net Income
$-241.3M
Free Cash Flow
$158.8M
BANC key financials by period
BANC OF CALIFORNIA, INC. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$1.8B
$229.0M
17.2%
FY 2024
10-K
$1.9B
$126.9M
8.9%
FY 2023
10-K
$1.5B
$-1.9B
-145.2%
FY 2022
10-K
$1.6B
$423.6M
34.8%
FY 2021
10-K
$1.4B
$607.0M
60.8%
FY 2020
10-K
$3.8M
$12.6M
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Institutions holding BANC
Institutional investors reporting a position in BANC OF CALIFORNIA, INC. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-05-08 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net earnings of $72.0M (+34% YoY) with net interest margin expanding 16 bps YoY to 3.24%, driven by lower deposit costs and strong loan production of $2.1B at 6.65% weighted average rate.
Biggest Revenue Drivers
Net Interest Income$251.6M+8% YoY
NII increased primarily due to $20.3M decrease in deposit interest expense from lower rates and higher average loan balances.
Noninterest Income$35.3M+5% YoY
Increased by $1.7M driven by $1.8M gain from debt extinguishment on credit-linked notes and higher warrant income.
Biggest Revenue Drivers
Total revenue: $286.9M+8% YoY
Net Interest Income$251.6M+8% YoY
NII increased primarily due to $20.3M decrease in deposit interest expense from lower rates and higher average loan balances.
Noninterest Income$35.3M+5% YoY
Increased by $1.7M driven by $1.8M gain from debt extinguishment on credit-linked notes and higher warrant income.
Largest Expense Items
Compensation$91.1M+5% QoQ
Increase driven by seasonality, reflecting higher incentive compensation and annual reset of payroll related taxes and benefits in first quarter.
Customer Related Expense$23.7M-14% YoY
Decreased due to lower earnings credit rate payments following federal funds rate cuts in late 2025.
Information Technology and Data Processing$14.3M-5% YoY
Reflects ongoing investment in technology infrastructure with slight year-over-year decrease.
Occupancy$14.9M-1% YoY
Stable occupancy costs relative to prior year.
Margins: Net interest margin expanded 16 basis points year-over-year to 3.24%, driven by 34 basis points of deposit cost reduction from federal funds rate cuts in 2025, offset partially by lower asset yields. Margin improved 4 basis points sequentially despite lower interest rates, reflecting the full quarter impact of rate cuts that occurred in Q4 2025.
Watch Items from the Filing
Nonaccrual loans increased $26.6M to $185.7M (0.75% of HFI loans) with three largest relationships representing 34% of nonaccrual balances; allowance coverage at 148.88% provides cushion but trend warrants monitoring.
Special mention loans surged 50% to $688.7M from prior quarter, driven primarily by $352.4M increase in residential real estate construction and land loans reflecting proactive risk management actions.
Total deposits declined $521.2M (1.9% QoQ) with interest-bearing deposits down $496.0M; however, noninterest-bearing deposits represent 29% of mix and grew in absolute terms year-over-year by $175.7M.
Subordinated debt of $385M (3.25% fixed-to-floating) was redeemed May 1, 2026 at par, and mortgage servicing rights portfolio ($1.35B UPB) sold to offset redemption costs, representing significant capital management activity.
Capital ratios well above regulatory 'well capitalized' thresholds with CET1 at 10.18% and Tier 1 at 12.54%, supporting continued capital return through $82.6M remaining under stock repurchase authorization.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
