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Banc of California BANC Provision for losses on foreclosed assets

Provision for losses on foreclosed assets at other companies

SPF
South Plains Financial, Inc.SPFI
$100K
SPF
South Plains Financial, Inc.SPFI
$100K
SPF
South Plains Financial, Inc.SPFI
$208K+92.6%
SPF
South Plains Financial, Inc.SPFI
$25K-7.4%
Old Second Bancorp logo
Old Second BancorpOSBC
$0-100%
Nelnet logo
NelnetNNI
$53.24M+247%

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$3.2B+47.2%
Enterprise value$4.09B+153%
P/E12.9×-1.6×
P/S2.8×+0.6×

Profitability

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Net margin21.7%+6.8pp
FCF margin23.4%

Returns & leverage

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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 banc:ProvisionForLossesOnForeclosedAssets.

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 provision for losses on foreclosed assets?
Banc of California (BANC) reported provision for losses on foreclosed assets of $44K in Q1 2026.
How has Banc of California's provision for losses on foreclosed assets changed year-over-year?
Banc of California's provision for losses on foreclosed assets decreased by 83.4% year-over-year, from $265K to $44K.
What is the long-term trend for Banc of California's provision for losses on foreclosed assets?
Over 2 years (2021 to 2023), Banc of California's provision for losses on foreclosed assets has grown at a 1092.8% compound annual growth rate (CAGR), from $14K to $1.99M.
What does provision for losses on foreclosed assets mean?
This represents the valuation allowance or write-down recorded to adjust the carrying value of foreclosed real estate assets to their estimated fair value, less costs to sell. It reflects management's assessment of the recoverability of assets taken into possession following borrower default. Consistent charges here suggest ongoing challenges in the bank's recovery and liquidation processes.