Banc of California Q3 profit rises on higher net interest income
Banc of California's Q3 diluted EPS rose 21% to $0.46 as net interest income grew, according to Reuters, citing LSEG and company data.
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what happened
US regional lender Banc of California reported third-quarter results: diluted earnings per share rose 21% year on year to $0.46. Total revenue grew 6%, mainly thanks to higher net interest income. Reuters reports this, citing LSEG data and the bank itself.
Management ties the result to a balance sheet repositioning in the second quarter and a shift of funds into higher-yielding assets. Average deposits rose by $565.3 million, which allowed the bank to rely less on wholesale funding. The bank expects profitability to improve further in the fourth quarter and plans to sell its remaining held-for-sale loan portfolio over the next several quarters.
why it matters
For investors, the key point is that revenue growth at regional banks is still driven by margins rather than by stronger lending. Per Reuters, analyst ratings on the stock lean toward buy, with a median 12-month price target of $22. Peer Peapack-Gladstone reported revenue of $87.5 million, slightly below the $89.22 million estimate.
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- Banc of California Q3 EPS rises on higher net interest income — Reuters, 27 October 2026 at 20:23 UTC
- Peapack-Gladstone Q3 revenue rises on higher net interest income — Reuters, 27 October 2026 at 20:45 UTC
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