NYSE:BANCBanks
How Earnings Beat, Buybacks and Debt Redemption Could Reshape Banc of California’s (BANC) Investment Case
Banc of California, Inc. has reported past first-quarter 2026 results showing net interest income of US$251.62 million and net income of US$71.95 million, alongside a 50% year-over-year rise in diluted EPS to US$0.39 and completion of a buyback totaling 15,358,364 shares for US$217.39 million.
The bank coupled this earnings jump with capital return moves, including repurchasing 1.7 million shares, raising its quarterly dividend to US$0.12, and planning to redeem US$385 million of...