Thursday, 13 August 2026 01:00 PM
Class Action
NEW YORK CITY, NY / ACCESS Newswire / August 13, 2026 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Banc of California, Inc. ("Banc of California" or "the Company") (NYSE:BANC). Investors who purchased Banc of California securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BANC.
Banc of California Investigation Details
On July 29, 2026, Banc of California reported its financial results for the second quarter of 2026. Among other items, Banc of California reported a net loss of $251.3 million, or $1.61 per share, falling well short of analyst expectations of a $0.40 per share gain. Banc of California advised investors that its quarterly loss stemmed from a balance-sheet restructuring, in connection with which it sold $2.3 billion of lower-yielding securities and redeployed more than half of that into higher-yielding, shorter-duration ones, while also initiating the sale of $827 million of certain commercial real estate loans and multifamily construction loans. Following this news, Banc of California's stock price fell $2.59 per share, or 12.23%, to close at $18.59 per share on July 29, 2026.
What's Next for Banc of California Investors?
If you are aware of any facts relating to this investigation or purchased Banc of California securities, you can assist this investigation by visiting the firm's site: bgandg.com/BANC. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 917-590-0911
No Cost to Banc of California Investors
We, Bronstein, Gewirtz & Grossman, LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Banc of California Securities Investigation?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
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SOURCE: Bronstein, Gewirtz & Grossman, LLC