Banc of California (BANC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Banc of California (BANC) reported revenue of $287.73 million for the quarter ended September 2025, reflecting a 4% increase year-over-year and a surprise of +0.3% over the Zacks Consensus Estimate of $286.88 million [1] - The earnings per share (EPS) for the quarter was $0.38, up from $0.25 in the same quarter last year, resulting in an EPS surprise of +11.76% compared to the consensus estimate of $0.34 [1] Financial Performance Metrics - Annualized net loan charge-offs to average total loans held-for-investment were -0%, better than the four-analyst average estimate of 0.1% [4] - The efficiency ratio was reported at 62.1%, outperforming the four-analyst average estimate of 64% [4] - Net interest margin stood at 3.2%, matching the four-analyst average estimate [4] - Average balance of total interest-earning assets was $31.2 billion, slightly below the three-analyst average estimate of $31.73 billion [4] - Total nonperforming loans amounted to $174.54 million, slightly above the three-analyst average estimate of $172.48 million [4] - Total nonperforming assets were reported at $179.33 million, compared to the three-analyst average estimate of $177.88 million [4] - Total noninterest income was $34.29 million, slightly below the four-analyst average estimate of $34.68 million [4] - Net interest income was $253.44 million, exceeding the four-analyst average estimate of $252.2 million [4] - Service charges on deposit accounts reached $5.11 million, surpassing the two-analyst average estimate of $4.53 million [4] - Leased equipment income was $10.32 million, slightly below the two-analyst average estimate of $10.44 million [4] - Other commissions and fees totaled $9.51 million, below the two-analyst average estimate of $9.84 million [4] Stock Performance - Shares of Banc of California have returned +1.6% over the past month, outperforming the Zacks S&P 500 composite's +1.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]