Banc of California, Inc. (BANC) Tuesday reported net earnings available to stockholders of $20.39 million, or $0.12 per share, for the second quarter compared with a loss of $207.36 million in the same quarter a year ago, primarily due to a loss of $158.88 million on sale of loans recorded last year.
Net interest income increased to $229.49 million from $186.08 million a year ago. Not interest income was 29.79 million compared with loss of $128.08 million last year.
Revenue for the quarter significantly increased to $259.28 million from $57.99 million in the previous year. The company had a gain of $1.14 million on sales of loans compared with a loss of $158.88 million last year.
Provision for credit losses rose to $11 million from $2 million a year ago.
Total nonperforming assets were $130.37 million, 0.37 percent of total assets, higher than 113.31 million , 0.30 percent of total assets last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.