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Banc of California (BANC) Reports Q1 Earnings: What Key Metrics Have to Say
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For the quarter ended March 2026, Banc of California (BANC - Free Report) reported revenue of $286.95 million, up 7.9% over the same period last year. EPS came in at $0.39, compared to $0.26 in the year-ago quarter.
The reported revenue represents a surprise of -1.28% over the Zacks Consensus Estimate of $290.66 million. With the consensus EPS estimate being $0.38, the EPS surprise was +2.63%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Banc of California performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 3.2% compared to the 3.2% average estimate based on four analysts.
Efficiency Ratio: 61% versus 62.7% estimated by four analysts on average.
Total Nonperforming assets: $203.79 million versus the three-analyst average estimate of $172.75 million.
Total Nonperforming loans: $185.73 million compared to the $157.58 million average estimate based on three analysts.
Average Balance - Total interest-earning assets: $31.47 billion versus the three-analyst average estimate of $32.06 billion.
Annualized net loan charge-offs (recoveries) to average total loans held-for-investment: 0.2% versus the three-analyst average estimate of 0.2%.
Net Interest Income: $251.62 million compared to the $255.51 million average estimate based on four analysts.
Total NonInterest Income: $35.33 million compared to the $35.25 million average estimate based on four analysts.
Leased equipment income: $8.53 million versus $10.38 million estimated by two analysts on average.
Service charges on deposit accounts: $4.98 million versus $5.05 million estimated by two analysts on average.
Other commissions and fees: $10.98 million versus the two-analyst average estimate of $9.62 million.
Shares of Banc of California have returned +6.9% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Banc of California (BANC) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2026, Banc of California (BANC - Free Report) reported revenue of $286.95 million, up 7.9% over the same period last year. EPS came in at $0.39, compared to $0.26 in the year-ago quarter.
The reported revenue represents a surprise of -1.28% over the Zacks Consensus Estimate of $290.66 million. With the consensus EPS estimate being $0.38, the EPS surprise was +2.63%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Banc of California performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Banc of California here>>>
Shares of Banc of California have returned +6.9% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.