Q2 FY2026 EarningsQ2 FY26 results significantly missed consensus estimates due to aggressive strategic balance sheet actions. Reported GAAP EPS of -$1.61 was well below the $0.40 mean consensus, primarily driven by a $256.7M pre-tax loss from the repositioning of $2.3B in securities and a $161.8M provision for credit losses. Despite the GAAP loss, Net Interest Margin (NIM) of 3.13% was slightly below the 3.25% expectation, while the securities reset is expected to yield a 276bps pickup on redeployed balances in future periods.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Banc of California(BANC) the Revenue is 285.7 M (+4.71%), Miss estimate;the EBIT is -173.46 M (-299.4%), Miss estimate;the EPS is -1.61 (-1442%), Miss estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueMiss expectations
0.29B4.71%
0.30B8.25%
-0.01B3.54%
EBITMiss expectations
-0.17B299.43%
0.11B27.01%
-0.28B326.44%
EPSMiss expectations
-1.611441.67%
0.3967230.58%
-2.00671,672.25%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf