Banc of California (NYSE: BANC) is a commercial banking company that operates through its subsidiary bank to provide lending, deposit, and financial services. It generates revenue primarily through net interest income, the spread between interest earned on loans and investments and interest paid on deposits and borrowings, supplemented by fee-based noninterest income. The bank is listed on the New York Stock Exchange and also has depositary shares representing interests in its 7.75% fixed rate reset non-cumulative perpetual preferred stock, Series F (NYSE: BANC/PF), also traded on the NYSE. The company incorporates the former PacWest Bancorp operations following a merger, and maintains its regulatory filings as a well-known seasoned issuer as of the 10-K filed February 27, 2026, covering fiscal year ended December 31, 2025. As of February 13, 2026, the company had 477,321 shares of class B non-voting common stock outstanding.

Revenue model

Net interest income from the spread between loan and investment yields and deposit and borrowing costs, supplemented by noninterest fee income from banking services.

Products and services

Commercial banking products including loans, deposits, and financial services. Preferred stock (7.75% fixed rate reset non-cumulative perpetual preferred stock, Series F) is also publicly traded.

Customers and end markets

The filing excerpts do not provide sufficient detail on specific customer types or end market segments to characterize them.

Value-chain role

Deposit-taking and lending institution; intermediary between depositors and borrowers.

Geographic exposure

The filing excerpts reference bancofcal.com and California-branded identity, but do not provide sufficient geographic revenue detail to quantify exposure.

Source: SEC 10-K, filed 2026-02-27

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