What is Banc of California's foreclosed assets?

Banc of California (BANC) reported foreclosed assets of $18.06M in Q1 2026.

How has Banc of California's foreclosed assets changed year-over-year?

Banc of California's foreclosed assets increased by 229.8% year-over-year, from $5.47M to $18.06M.

What does foreclosed assets mean?

Assets, primarily real estate, acquired by the bank through the foreclosure process when borrowers default on their loan obligations. A high or increasing balance indicates potential credit quality issues and the need for effective asset recovery and liquidation strategies.

Banc of California BANC Foreclosed Assets

Foreclosed Assets at other companies

Customers BancorpCUBI

$12.51M—

Merchants BancorpMBIN

$60.23M—

Valley National BankVLY

$5.2M-32.5%

The BancorpTBBK

$61M-9.1%

East-West BancorpEWBC

——

Other financials

Income statement

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Revenue$286.9M+7.9%

Net income$72.0M+34.3%

EPS (diluted)$0.39+50.0%

Balance sheet

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Cash & equivalents$2.2B-5.4%

Total debt$3.1B+73.6%

Total equity$3.6B+0.9%

Total assets$34.7B+2.8%

Cash flow

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Operating cash flow$49.0M+224%

CapEx$3.4M+122%

Free cash flow$45.6M+235%

Valuation

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Market cap$3.16B+13.0%

Enterprise value$4.05B+95.2%

P/E12.8×-5.9×

P/S2.8×0.0×

Profitability

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Net margin21.7%+6.8pp

FCF margin23.4%—

Returns & leverage

See full

Return on equity7%+2.7pp

Debt / equity0.9×+0.4×

Where this comes from

Reported directly by Banc of California in its filing.

Tagged under the XBRL concept us-gaap:OtherRealEstateAndForeclosedAssets.

The official record: Banc of California’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Banc of California's foreclosed assets?: Banc of California (BANC) reported foreclosed assets of $18.06M in Q1 2026.
How has Banc of California's foreclosed assets changed year-over-year?: Banc of California's foreclosed assets increased by 229.8% year-over-year, from $5.47M to $18.06M.
What does foreclosed assets mean?: Assets, primarily real estate, acquired by the bank through the foreclosure process when borrowers default on their loan obligations. A high or increasing balance indicates potential credit quality issues and the need for effective asset recovery and liquidation strategies.