Filing Flows › Banc of California (BANC) › Q2 2026
Banc of California (BANC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Banc of California (BANC) reported revenue of $180M for the second quarter 2026 (Q2 2026), -60% from a year earlier and -59% from the quarter before. Operating margin was -185.7%, net loss $241M (133.7% of revenue).
Banc of California, Q2 2026: revenue $180M (-60% year over year), operating margin -185.7%, net loss $241M, operating cash flow $161M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $180M | -59% | -60% |
| Operating profit | −$335M | -450% | -800% |
| Net earnings | −$241M | -435% | -950% |
| Operating cash flow | $161M | +230% | +157% |
| Free cash flow | $159M | +248% | +158% |
What changed
Revenue was $180.5M in Q2 2026, down 60% year over year and down 59% from the previous quarter.
Operating costs exceeded revenue by $335.2M, an operating margin of -185.7%. Total costs grew 27% against a revenue fall of 60%. The quarter ended with a net loss of $241.3M, after a profit of $72.0M the previous quarter.
Operating cash flow was $161.4M (up 157% year over year). Non-cash charges added back $13.5M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items added $385.1M. Capital expenditures of $2.6M left free cash flow of $158.8M.
Questions
What was Banc of California's revenue in the second quarter 2026?
Banc of California (BANC) reported revenue of $180M for the second quarter 2026 (Q2 2026), -60% from a year earlier and -59% from the quarter before.
Was Banc of California profitable in the second quarter 2026?
Operating loss was $335M (-185.7% of revenue) and net loss $241M.
Source: Banc of California 10-Q on SEC EDGAR.