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Banc of California Inc. (BANC)
NYSE:BANC
Earnings Data
Report Date
Apr 16, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.38Last Year’s EPS
0.26Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized broad-based momentum: strong loan production and unfunded commitments, meaningful NIB deposit growth, margin expansion, improved efficiency, substantial EPS and tangible book value gains, and clear 2026 guidance for solid NII and PTPP growth. Near-term challenges noted include timing-related muted Q4 NII and yields, temporary funding through broker deposits, some one-off credit items that have largely been resolved, and planned incremental expense and provisioning as the bank scales. On balance, the positive operating trends, capital returns, and forward guidance outweigh the transitory headwinds.Company Guidance
Strong Loan Production (Full Year)
Loan production disbursements of $9.6 billion in FY2025, up 31% year-over-year, demonstrating sizable origination momentum across C&I, venture, equipment finance, warehouse, fund finance and lender finance businesses.
Robust Q4 Loan and Pipeline Growth
Q4 loan disbursements of $2.7 billion, up 32% sequentially (15% annualized loan growth for the quarter). Unfunded new commitments rose 90% quarter-over-quarter to $1.7 billion, positioning balance sheet for further growth.
Non-Interest-Bearing Deposit Gains
Added nearly 2,500 new NIB accounts and ~$530 million of new NIB deposit balances; achieved ~10.5% annualized NIB deposit growth for 2025 and generated 11% annualized NIB growth in Q4, helping reduce funding costs and improve liquidity.
Margin Expansion and Lower Deposit Costs
Net interest margin (spot) improved to 3.22% at Dec 31 (Q4 NIM 3.20%), full-year margin expansion of ~30 basis points driven by a 47 basis-point decline in deposit costs; Q4 cost of deposits declined 19 basis points to 1.89% (spot 1.81%).
Improved Profitability and EPS Growth (FY and Q4)
Adjusted EPS for FY2025 was $1.35, up 69% year-over-year. Q4 net income available to shareholders was $67.4 million (EPS $0.42), up 11% sequentially from $0.38, reflecting positive operating leverage.
Efficiency and Expense Improvement
Expenses declined 7% year-over-year (FY), non-interest expense in Q4 was $180.6 million (down 3% QoQ), and adjusted efficiency ratio improved materially (full-year adjusted efficiency dropped nearly 900 basis points; Q4 adjusted efficiency 55.6%, down 266 bps QoQ).
Strong Credit Metrics and Provisioning Discipline
Nonperforming and special mention loan balances each decreased 9% QoQ. Allowance for credit losses was 1.12% of total loans and economic coverage 1.62%; net charge-offs remained very minimal in Q4.
Capital Return and Tangible Book Value Growth
Repurchased 13.6 million shares (8% of common) at a weighted-average price of $13.59; tangible book value per share grew 11% in FY2025 with substantial Q4 contribution, signaling strong capital generation.
Positive Forward Guidance for 2026
Management expects 2026 full-year net interest income to increase 10–12%, projects pretax pre-provision income growth of 20–25% for 2026, and forecasts mid-single-digit loan and deposit growth for the year while targeting expense growth of 3–3.5%.
Portfolio Repricing and Repricing Upside
Weighted average coupon of $2.5 billion of loans maturing/resetting over next year is 4.7% vs Q4 average new production rate of 6.83%; multifamily portfolio (~25% of loans, ~$3.2B) has sizable repricing/maturity over next 2.5 years offering additional margin upside.
Product Diversification and SFR Program
Single-family residential (SFR) purchases were slightly north of $250 million in Q4 (net SFR increase ~$216 million). SFR portfolio (mostly 30-year fixed, owner-occupied) is performing well, providing diversification vs floating-rate exposure.
BANC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BANC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 21, 2026 | $21.10 | $20.73 | -1.75% |
Sep 30, 2025 | $16.47 | $16.53 | +0.36% |
Jun 30, 2025 | $13.89 | $14.16 | +1.92% |
Apr 23, 2025 | $13.49 | $13.22 | -1.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Banc of California Inc. (BANC) report earnings?
Banc of California Inc. (BANC) is schdueled to report earning on Apr 16, 2026, Before Open (Confirmed).
What is Banc of California Inc. (BANC) earnings time?
Banc of California Inc. (BANC) earnings time is at Apr 16, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BANC EPS forecast?
BANC EPS forecast for the fiscal quarter 2026 (Q1) is 0.38.