EarningsQ2 2026 Earnings Report
DE:FPB Q2 2026 EPS Results
Actual EPS-€1.44
Consensus EPS€0.35
Beat/MissMissed by -€1.79
One Year Ago EPS€0.11
DE:FPB Q2 2026 Revenue Results
Actual Revenue€161.10M
Expected Revenue€263.57M
Beat/MissMissed by -€102.47M
YoY Revenue Growth-60.17%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
DE:FPB Upcoming Earnings
Banc of California's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:FPB Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call describes a quarter of strategic balance-sheet repositioning that produced meaningful long-term benefits (276 bps yield pickup on redeployed securities, clearer funding cost pathway, improved credit metrics, strong loan and deposit growth) but generated large one-time accounting losses and elevated provisioning in the reported quarter. Management presented clear targets (NIM ~3.30%+ in Q3, Q4 pretax pre-provision income of $125M–$130M, CET1 trajectory to >10% by early 2027), emphasized that the adverse reported results are largely nonrecurring, and highlighted quick tangible book earn-back (≈1.4 years). Given the strategic rationale, improved recurring NII prospects, and material improvements in credit metrics and capital outlook outweighing the one-time reported hits, overall tone is constructive.Company Guidance
Strong Loan and Deposit Growth
9% annualized loan growth and 12% annualized deposit growth in the quarter; $2.8 billion of loan production; company guiding to mid-single-digit loan growth for the year and indicating it may outpace that target.
Securities Repositioning and Yield Pickup
Sold $2.3 billion of lower-yielding held-to-maturity securities and redeployed $1.7 billion to date at a weighted average yield of 4.87%, representing a 276 basis point yield pickup versus the sold securities (average yield ~2.1%); securities portfolio duration reduced from 5 to 4 years and risk weighting lowered from 19.5% to 9.5%.
Net Interest Margin Outlook and Early Improvement
Reported NIM was 3.13% (down 11 bps QoQ, with ~7 bps due to nonaccrual interest). Management expects NIM to be ~3.30% after loan sale close and full reinvestment and to expand further in H2; year-end NIM target 3.30%–3.40%.
Recurring Net Interest Income and Loan Production Pricing
New production pricing remained attractive at 6.39%, supporting portfolio remix to higher-return loans; average loan yield (excluding nonaccrual impact) trending higher with production helping boost future recurring NII.
Credit Metrics Improved Meaningfully Quarter-over-Quarter
Special mention loans declined 56%, classified loans declined 31%, and delinquent loans declined 50% QoQ; nonperforming loan reduction expected further when one sold loan (~$34M) clears off the books.
Capital Build and CET1 Guidance
CET1 was 9.25% at June 30 and is expected to rise to ~9.5%–9.6% in Q3, ~9.8%–9.9% by year-end and above 10% in early 2027 (assuming no regulatory capital reform); targeted loan sale alone should add ~30 bps to CET1.
Accelerated Organic Capital Generation and TBV Earn-Back
Management expects tangible book value earn-back from the repositioning to be short (~1.4 years) given the large yield pickup and redeployment; retirement of $385M subordinated debt reduces future funding costs and supports capital generation.
Stable Core Noninterest Income and Expense Discipline
Excluding one-time items, noninterest income was $35.2M (roughly consistent with prior quarters and ~ $11M–$12M/month run rate); management expects operating leverage to strengthen and expense levels to be flat-to-down in H2 versus Q2, coming in well below the earlier 3% FY guidance.
DE:FPB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed