--- title: "Banc of California | 10-Q: FY2026 Q1 Revenue: USD 442.77 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285772580.md" datetime: "2026-05-08T20:30:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285772580.md) - [en](https://longbridge.com/en/news/285772580.md) - [zh-HK](https://longbridge.com/zh-HK/news/285772580.md) --- # Banc of California | 10-Q: FY2026 Q1 Revenue: USD 442.77 M Revenue: As of FY2026 Q1, the actual value is USD 442.77 M. EPS: As of FY2026 Q1, the actual value is USD 0.39, beating the estimate of USD 0.3804. EBIT: As of FY2026 Q1, the actual value is USD -155.86 M. The provided reference primarily contains consolidated financial statements and notes, not segmented financial metrics or an explicit Management’s Discussion and Analysis (MD&A) section with detailed operational metrics by segment or strategic outlook. Therefore, the summary below reflects available consolidated financial data for Banc of California, Inc. #### Operational Metrics - **Net Earnings**: For the three months ended March 31, 2026, net earnings were $71,952 thousand, an increase of $18,384 thousand year-over-year compared to $53,568 thousand for the three months ended March 31, 2025. - **Net Interest Income**: Net interest income was $251,617 thousand for the three months ended March 31, 2026, up from $232,364 thousand for the same period in 2025. - **Provision for Credit Losses**: The provision for credit losses increased slightly to $9,800 thousand for the three months ended March 31, 2026, from $9,300 thousand for the same period in 2025. - **Noninterest Income**: Total noninterest income for the three months ended March 31, 2026, was $35,328 thousand, an increase from $33,650 thousand in the prior year’s comparable period. - **Leased Equipment Income**: Decreased to $8,530 thousand for the three months ended March 31, 2026, from $10,784 thousand in the same period of 2025. - **Commissions and Fees**: Increased to $10,980 thousand for the three months ended March 31, 2026, from $9,958 thousand for the same period in 2025. - **Service Charges on Deposit Accounts**: Increased to $4,978 thousand for the three months ended March 31, 2026, from $4,543 thousand for the same period in 2025. - **Warrant Income (Loss)**: Improved significantly to $938 thousand in income for the three months ended March 31, 2026, from a loss of -$295 thousand in the same period of 2025. - **Noninterest Expense**: Total noninterest expense was $181,391 thousand for the three months ended March 31, 2026, a slight decrease from $183,653 thousand for the same period in 2025. - **Compensation**: Increased to $91,100 thousand for the three months ended March 31, 2026, from $86,417 thousand in the prior year’s comparable period. - **Customer Related Expense**: Decreased to $23,737 thousand for the three months ended March 31, 2026, from $27,751 thousand for the same period in 2025. - **Intangible Asset Amortization**: Decreased to $6,348 thousand for the three months ended March 31, 2026, from $7,160 thousand for the same period in 2025. #### Cash Flow - **Net Cash Provided by Operating Activities**: For the three months ended March 31, 2026, net cash provided by operating activities was $48,981 thousand, significantly higher than $15,122 thousand for the same period in 2025. - **Net Cash Used in Investing Activities**: Net cash used in investing activities was -$39,218 thousand for the three months ended March 31, 2026, a substantial improvement from -$384,739 thousand for the same period in 2025. - **Net Cash Used in Financing Activities**: Net cash used in financing activities was -$100,459 thousand for the three months ended March 31, 2026, compared to net cash provided by financing activities of $211,294 thousand for the same period in 2025. #### Unique Metrics (Balance Sheet Highlights) - **Total Assets**: As of March 31, 2026, total assets were $34,724,241 thousand, a slight decrease from $34,797,442 thousand as of December 31, 2025. - **Total Deposits**: Total deposits were $27,322,134 thousand as of March 31, 2026, down from $27,843,357 thousand as of December 31, 2025. - **Loans Held for Investment (HFI), net**: Loans HFI, net, decreased to $24,538,747 thousand as of March 31, 2026, from $24,787,067 thousand as of December 31, 2025. - **Allowance for Credit Losses (ACL) on Securities Available-for-Sale (AFS)**: An ACL of $775 thousand was recorded on one corporate debt security classified as AFS as of March 31, 2026, with the loss for other securities in unrealized loss positions attributed to market interest rates rather than credit deterioration. #### Future Outlook and Strategy No specific future outlook or guidance content was found within the provided financial statements and notes; the document primarily focuses on historical financial data and accounting policies. ### Related Stocks - [BANC.US](https://longbridge.com/en/quote/BANC.US.md) ## Related News & Research - [The anything-goes era in private-credit lending is coming to an end](https://longbridge.com/en/news/288790940.md) - [Lenders aren't extending their credit offerings this spring](https://longbridge.com/en/news/289210120.md) - [Mark Roach Joins Pinnacle Bank as Executive Vice President, Senior Lending Officer | PBNK Stock News](https://longbridge.com/en/news/288748198.md) - [Second-lien warehouse facility availability hits 2-year high](https://longbridge.com/en/news/289207311.md) - [AmeriHome Correspondent Named #2 Mortgage Lender from Scotsman Guide's 2026 Top Mortgage Lenders | WAL Stock News](https://longbridge.com/en/news/289107402.md)