BANC OF CALIFORNIA, INC. — Form 8-K

Banc of California reported Q3 2026 diluted EPS of $0.46, up 21% YoY, on net earnings of $83.1M. The bank completed a strategic balance sheet repositioning in Q2 that generated benefits in Q3: (1) sold ~$525M of CRE loans in Q3 (with ~$235M construction loans sold Oct 21), reducing NPLs by 12 bps to 0.72%; (2) reinvested ~$2.3B into higher-yielding securities, lifting NIM by 21 bps QoQ to 3.34% and AFS securities yield by 142 bps; (3) retired $385M subordinated debt to avoid 300+ bps reset risk. Core loan growth was 8% annualized on $2.6B production at 6.58%. Deposits grew 8% annualized (average) with core deposits 91.4% of total. CET1 ratio improved 45 bps to 9.70%. The company expects 4Q PTPP of $125–$130M (vs. $118.4M actual 3Q) and CET1 to reach 10%+ in Q1 2027.