BANC SHAREHOLDER ALERT: Banc of California, Inc. Investors Encouraged to Contact Kirby McInerney LLP About Potential Securities Laws Violations
The law firm of Kirby McInerney LLP reminds investors of its investigation on behalf of Banc of California, Inc. (“Banc of California” or the “Company”) (NYSE: BANC) investors concerning the Company’s and/or members of its senior management’s possible violation of the federal securities laws or other unlawful business practices.
[LEARN MORE ABOUT THE INVESTIGATION]
What Happened?
On July 29, 2026, Banc of California reported its second quarter 2026 financial results, reporting a net loss of $251.3 million, or $1.61 per share, falling short of analysts' expectations of a gain of $0.40 per share. The Company stated that its loss stemmed from a balance-sheet restructuring, in connection with which it sold $2.3 billion of lower-yielding securities and redeployed more than half of that into higher-yielding, shorter-duration securities, while also initiating the sale of $827 million of certain commercial real estate and multifamily construction loans. On this news, Banc of California’s stock price fell $2.59 per share, or 12.23%, to close at $18.59 per share on July 29, 2026.
