Banc of California Q2 FY2026 Earnings Call
With Jared Wolff (Chairman and CEO) and Joe Kauder (CFO).
Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $34 billion in assets and the parent company of Banc of California.
More about Banc of California
Banc of California is one of the nation’s premier relationship-based business banks, providing banking and treasury management services to small, middle-market, and venture-backed businesses. Banc of California is the largest independent bank headquartered in Los Angeles and the third largest bank headquartered in California and offers a broad range of loan and deposit products and services through 79 full-service branches located throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The Bank also provides full-service payment processing solutions to its clients and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The Bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more. Member FDIC. For more information, please visit us at www.bancofcal.com. Member FDIC | Equal Housing Lender | NMLS# 530611.
1Prepared remarks3 speakers
Thank you for joining Banc of California's second quarter earnings call. Today's call is being recorded, and a copy of the recording will be available later today on our investor relations website. Today's presentation will also include non-GAAP measures. The reconciliations for these measures and additional required information are available in the earnings press release and earnings presentation, which are available on our investor relations website.
Before we begin, we would like to remind everyone that today's…
Thanks, Ann, and good morning, everyone. The second quarter was another strong quarter for Banc of California. Our loan and deposit growth shined, with 9% annualized loan growth and 12% annualized deposit growth. Loan production of $2.8 billion was particularly strong. I mention these items at the outset so they are not overshadowed by the important strategic moves that we made in the quarter. In fact, the strength of the underlying franchise is one of the key reasons we decided to take the strategic actions we…
Thank you, Jared. Second quarter report results reflect the impact of the strategic balance sheet actions that Jared discussed. Let me note at the outset that we have provided in our earnings materials a page on noteworthy items affecting second quarter financial results. This page is intended to provide a roadmap to normalizing our earnings with the prior quarter. For the quarter, we reported a net loss available to common and equivalent shareholders of $251.3 million or $1.61 per dilutive share.
The reported loss…
Thanks, Joe. As we enter the second half of the year, our priorities are straightforward. Execute against the higher earnings profile we created this quarter through our strategic actions, continue growing high-quality client relationships, and maintain the credit and expense discipline that supports consistent returns. The…