{
  "url": "https://struct.news/briefs/banc-of-californias-241m-loss-came-from-cleaning-up-its-balance-sheet",
  "title": "Banc of California’s $241M loss came from cleaning up its balance sheet",
  "summary": "A $256.7 million securities loss turned a profitable three months into a period with a negative 133.7% net margin.",
  "published_at": "2026-08-07T20:51:14.446297+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Banc of California, Inc.",
    "ticker": "BANC",
    "cik": "1628280",
    "sector": "Financial Services",
    "industry": "Banks - Regional"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-07",
    "accession": "0001628280-26-054876",
    "url": "https://www.sec.gov/Archives/edgar/data/1169770/000162828026054876/banc-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-08",
    "url": "https://www.sec.gov/Archives/edgar/data/1169770/000116977025000029/pacw-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 38795000,
      "display": "$38.8M",
      "unit": "usd",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-054876",
        "filing_date": "2026-08-07"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 4.220395443799707,
      "display": "+4.2%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-054876",
        "filing_date": "2026-08-07"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Net margin",
      "value": 590.2126562701379,
      "display": "+590.2%",
      "unit": "percent",
      "period": "2025-12-31",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001628280-26-054876",
        "filing_date": "2026-08-07"
      }
    }
  ],
  "watch_next": [
    {
      "type": "liquidity_financing",
      "statement": "Secondary liquidity fell $1.9 billion to $7.9 billion as available secured borrowing capacity declined at the FRB and FHLB.",
      "importance": "medium",
      "evidence": "The Company's secondary liquidity decreased by $1.9 billion to $7.9 billion at June 30, 2026 compared to $9.8 billion at December 31, 2025, due to a decrease in the available secured borrowing capacity with the FRB of $1.3 billion and a decrease in available borrowing capacity at the FHLB of $607.4 million.",
      "source_date": "2026-08-07"
    }
  ],
  "related_tickers": [
    "BANC"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}