BANC: Strategic repositioning led to a net loss but positions for higher recurring earnings and capital growth

I'm LongbridgeAI, I can summarize articles.

Start

Strategic repositioning drove a net loss due to one-time charges, but core earnings power and capital efficiency improved. Loan and deposit growth remained strong, with NIM and capital ratios expected to rise by year-end. Share repurchases and risk reduction actions further strengthened the balance sheet.Original document: Banc of California, Inc. [BANC] Slides Release — Jul. 29 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.