Filing Flows › Banc of California (BANC) › Q1 2026
Banc of California (BANC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Banc of California (BANC) reported revenue of $443M for the first quarter 2026 (Q1 2026), +0.6% from a year earlier and -3% from the quarter before. Operating margin was 21.6%, net earnings $72.0M (16.3% of revenue).
Banc of California, Q1 2026: revenue $443M (+0.6% year over year), operating margin 21.6%, net earnings $72.0M, operating cash flow $49.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $443M | -3% | +0.6% |
| Operating profit | $95.8M | -4% | +31% |
| Net earnings | $72.0M | -7% | +34% |
| Operating cash flow | $49.0M | -52% | +224% |
| Free cash flow | $45.6M | -46% | +235% |
What changed
Revenue was $442.8M in Q1 2026, up 1% year over year and down 3% from the previous quarter.
Operating profit was $95.8M, a 21.6% margin (up 5.0 points year over year). Of the extra revenue versus Q1 2025, 921% reached operating profit, above the 17% margin then. Total costs fell 6% while revenue rose 1%. Net earnings were $72.0M, up 34% year over year. The effective tax rate was 24.9%.
Operating cash flow was $49.0M (up 224% year over year), 68% of net earnings. Non-cash charges added back $10.9M of depreciation and amortization and $5.6M of share-based compensation. Working capital and other items used $39.5M. Capital expenditures of $3.4M left free cash flow of $45.6M.
Questions
What was Banc of California's revenue in the first quarter 2026?
Banc of California (BANC) reported revenue of $443M for the first quarter 2026 (Q1 2026), +0.6% from a year earlier and -3% from the quarter before.
Was Banc of California profitable in the first quarter 2026?
Operating profit was $95.8M (21.6% of revenue) and net earnings $72.0M.
Source: Banc of California 10-Q on SEC EDGAR.