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An update from Banc of California ( (BANC) ) is now available.
Banc of California, Inc. reported first-quarter 2026 net earnings available to common and equivalent stockholders of $62.0 million, or $0.39 per diluted share, a 50% year-over-year increase in diluted EPS despite a sequential decline from the fourth quarter of 2025. Revenue rose 8% year over year to $286.9 million, net interest margin expanded to 3.24% on lower deposit costs, and average loans and deposits grew, while noninterest expense slipped 1%, supporting positive operating leverage and higher book and tangible book value per share.
The company extended its $300 million stock repurchase program through March 2027, repurchased $31.9 million of common and equivalent stock in the quarter, and announced plans to redeem $385 million of subordinated debt, signaling active capital management and confidence in its balance sheet. With an allowance for credit losses covering 1.12% of total loans and preliminary Tier 1 and CET1 capital ratios of 12.54% and 10.18% respectively, Banc of California underscored robust capital and liquidity, bolstering its position in the regional banking sector and its earnings outlook for stakeholders.
The most recent analyst rating on (BANC) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on Banc of California stock, see the BANC Stock Forecast page.
Spark’s Take on BANC Stock
According to Spark, TipRanks’ AI Analyst, BANC is a Neutral.
The score is driven primarily by improving fundamentals and a positive forward outlook from management’s 2026 guidance, partially offset by weak near-term technical momentum (below key moving averages with negative MACD). Valuation appears reasonable with a modest dividend yield, but not compelling enough to outweigh the current technical softness.
To see Spark’s full report on BANC stock, click here.
More about Banc of California
Banc of California, Inc., listed on the NYSE under the ticker BANC, is a regional banking institution and the parent of Banc of California. The bank focuses on delivering lending and deposit services, including a significant base of noninterest-bearing deposits, and competes on net interest margin strength, balance-sheet optimization and maintaining capital ratios well above “well-capitalized” regulatory thresholds.
Average Trading Volume: 3,046,039
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.99B
See more insights into BANC stock on TipRanks’ Stock Analysis page.