BANC OF CALIFORNIA, INC.(BANC)Stock Analysis
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Rank #421 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
BANC Stock Analysis & AI Quality Score
AI stock analysis and institutional research for BANC OF CALIFORNIA, INC. (BANC), a Financials sector company. 13F Pro's AI-powered ranking engine scores BANC at 68.3/100 on a 32-signal composite quality model, placing it at rank #421 of 2,879 stocks — the top 25% of the AI-ranked universe. BANC scores in the top quartile across profitability (98.6), free cash flow (98.1), revenue growth (93.1). Areas of concern include revenue scale (9.1) and earnings quality (30.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), BANC OF CALIFORNIA, INC. reports quarterly revenue of $442.8M, net income of $72.0M, free cash flow of $45.6M. Top institutional holders of BANC by reported 13-F value include BlackRock,, STATE STREET, MILLENNIUM MANAGEMENT, 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. BANC OF CALIFORNIA, INC.'s 13F Pro composite quality score has ranged between 31 and 68 since 2021, currently 68.3 — an improving long-term trajectory across 28 quarterly and live scoring snapshots.
What's Driving BANC's Business? Latest 10-Q Breakdown
✓ 28/28 datapoints verifiedAI-extracted from BANC OF CALIFORNIA, INC.'s 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
Total revenue: $286.9M+8% YoY
NII increased primarily due to $20.3M decrease in deposit interest expense from lower rates and higher average loan balances.
Increased by $1.7M driven by $1.8M gain from debt extinguishment on credit-linked notes and higher warrant income.
Largest Expense Items
Increase driven by seasonality, reflecting higher incentive compensation and annual reset of payroll related taxes and benefits in first quarter.
Decreased due to lower earnings credit rate payments following federal funds rate cuts in late 2025.
Reflects ongoing investment in technology infrastructure with slight year-over-year decrease.
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.
Revenue
Q1 2026
$442.8M
Net Income
Q1 2026
$72.0M
Free Cash Flow
Q1 2026
$45.6M
ROIC
Q1 2026
1.6%
D/E Ratio
Q1 2026
0.72
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-3.8% YoYNet Income
+80.5% YoYEPS (Diluted)
+125.0% YoYTotal Assets
+3.7% YoYTotal Debt
+48.3% YoYOp. Cash Flow
+230.3% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $1.82B -3.8% | $1.89B +24.1% | $1.52B -6.7% | $1.63B +42727.9% | $3.8M -4.1% | $4.0M |
| Net Income | $229.0M +80.5% | $126.9M +106.7% | $-1.90B -548.3% | $423.6M +3269.0% | $12.6M -47.1% | $23.8M |
| EPS (Diluted) | $1.17 +125.0% | $0.52 +102.3% | $-22.71 -541.8% | $5.14 | — | $0.02 |
| Total Assets | $34.80B +3.7% | $33.54B -13.0% | $38.53B +319.0% | $9.20B +16.8% | $7.88B +0.6% | $7.83B |
| Total Debt | $2.06B +48.3% | $1.39B -52.2% | $2.91B +65.0% | $1.76B | — | $173.4M |
| Operating Cash Flow | $255.6M +230.3% | $77.4M -43.0% | $135.8M -80.7% | $702.0M +837.7% | $74.9M -6.7% | $80.3M |
AI Insight: BANC Financial Trends
Net income recovered to $72M in Q1 2026 despite revenue flatness, but debt surged 24% year-over-year to $2.55B, raising leverage concerns.
• Net income stabilized at $70–77M in Q3 2025 through Q1 2026, vs. $9–30M volatility in mid-2024.
• Operating cash flow trended higher: $76M (Q3 2025), $102M (Q4 2025), then $49M (Q1 2026)—quarterly peaks strong.
• Total debt climbed 77% from $1.44B (Q2 2024) to $2.55B (Q1 2026); debt-to-equity ratio deteriorated to 0.72 from 0.42.
⚠ Operating cash flow dropped 52% to $49M in Q1 2026 from $102M in Q4 2025—watch for seasonal volatility vs. deterioration.
⚠ Revenue flat to declining ($459–467M range Q4 2025–Q1 2026)—no visible growth momentum despite profitability gains.
⚠ Equity base stable ($3.4–3.5B) while debt ballooned—capital structure shift signals elevated financial risk.
AI Insight: BANC Ratio Trends
BANC sustained operating margin above 21% through Q1 2026 after recovering from Q3 2024 crisis, but leverage spiked to 0.72 D/E.
• Operating margin surged from 2.7% in Q3 2024 to 21.6% in Q1 2026, signaling strong operational recovery and cost discipline.
• ROE climbed from 1.0% in Q3 2024 to 8.1% in Q1 2026; ROIC expanded from 0.9% to 6.3% over same period.
• Debt-to-equity ratio increased to 0.72 in Q1 2026 from 0.40 in Q4 2024, the highest in the dataset.
⚠ Q2 2025 showed profit margin compression (10.6% OpMargin, 6.3% NPM) despite recovery trend; monitor seasonality versus structural weakness.
⚠ Leverage acceleration from 0.58 in Q4 2025 to 0.72 in Q1 2026 warrants tracking amid profitability gains.
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Top Institutional Holders of BANC
BlackRock, Inc.
$362.5M20,621,416 shSTATE STREET CORP
$160.5M9,073,888 shMILLENNIUM MANAGEMENT LLC
$128.0M7,281,230 shDIMENSIONAL FUND ADVISORS LP
$113.6M6,464,447 shVANGUARD CAPITAL MANAGEMENT LLC
$108.9M6,196,123 shVANGUARD PORTFOLIO MANAGEMENT LLC
$84.4M4,799,944 shInvesco Ltd.
$75.1M4,271,699 shGEODE CAPITAL MANAGEMENT, LLC
$64.6M3,673,205 shAMERICAN CENTURY COMPANIES INC
$60.5M3,440,684 shPL Capital Advisors, LLC
$51.8M2,949,219 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $362.5M | 20,621,416 |
| STATE STREET CORP | $160.5M | 9,073,888 |
| MILLENNIUM MANAGEMENT LLC | $128.0M | 7,281,230 |
| DIMENSIONAL FUND ADVISORS LP | $113.6M | 6,464,447 |
| VANGUARD CAPITAL MANAGEMENT LLC | $108.9M | 6,196,123 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $84.4M | 4,799,944 |
| Invesco Ltd. | $75.1M | 4,271,699 |
| GEODE CAPITAL MANAGEMENT, LLC | $64.6M | 3,673,205 |
| AMERICAN CENTURY COMPANIES INC | $60.5M | 3,440,684 |
| PL Capital Advisors, LLC | $51.8M | 2,949,219 |
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Is BANC a good stock to buy?
13F Pro's AI-powered analysis of BANC OF CALIFORNIA, INC. (BANC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BANC are available on the BANC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own BANC?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BANC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of BANC OF CALIFORNIA, INC.'s investment landscape.