NEW YORK, Aug.  10, 2026  (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Banc of California, Inc. (&#34;Banc of California&#34; or the &#34;Company&#34;) (NYSE:BANC).

BANC

BANC OF CALIFORNIA, INC. INVESTOR ALERT: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud

Kirby McInerney Investigates Banc of California; potential securities claims loom

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, Aug.  10, 2026  (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Banc of California, Inc. (&amp;#34;Banc of California&amp;#34; or the &amp;#34;Company&amp;#34;) (NYSE:BANC).</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Kirby McInerney LP announced an investigation into Banc of California after its Q2 2026 results showed a $251.3 million net loss and a stock decline. The restructuring included selling $2.3 billion of lower-yielding securities and divesting $827 million of CRE/multifamily loans. The catalyst is potential securities claims; near-term downside risk hinges on any lawsuit filings or settlements.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Kirby McInerney LLP investigating Banc of California for potential securities claims. No suit yet.</li><li>Q2 2026 net loss $251.3M, $1.61 per share; missed consensus of $0.40.</li><li>Balance-sheet restructuring included selling $2.3B securities; redeployed into higher-yielding assets.</li><li>Sale of $827M CRE and multifamily loans underway.</li><li>Stock fell 12.23% to $18.59 on July 29, 2026.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Banc of California, Inc. (BANC)</strong>: Subject of ongoing securities investigation; potential litigation risk; stock volatility tied to developments.</li><li><strong>Kirby McInerney LLP (N/A)</strong>: Law firm conducting investigation; potential plaintiff involvement; no suit filed yet.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>Legal category fits as it concerns an active securities-law investigation and potential claims against a public bank.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Q2 2026 loss and restructuring likely to drive near-term volatility.</li><li>Stock down 12.23% to $18.59 on July 29, 2026.</li><li>Ongoing investigation creates uncertainty around legal risk and remediation costs.</li><li>Lawsuit developments could rapidly alter risk premium and valuation.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Q2 2026 net loss $251.3M, $1.61 per share.</li><li>Analysts expected earnings of $0.40 per share.</li><li>Sold $2.3B of lower-yielding securities; redeployed into higher-yielding, shorter-duration assets.</li><li>Initiated sale of $827M CRE and multifamily construction loans.</li><li>Stock closed at $18.59, down 12.23%, on July 29, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bearish near-term; watch for filings or settlements over weeks to months.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">NEW YORK, Aug.  10, 2026  (GLOBE NEWSWIRE) -- The law firm of <a href="https://www.globenewswire.com/Tracker?data=gkqTbtkL6PhaIpDOuMv0U5Xrd_e7_grTeXseWAIEpxMcD4IFlSzdLNQ5EQPnjwfP1cuBc49oqY-iQ5dJw7wApc4sZx0v1hcZRUJEa9x4vF4=" rel="nofollow" target="_blank">Kirby McInerney LLP</a> is investigating potential claims against Banc of California, Inc. ("Banc of California" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/BANC">BANC</a>). The investigation concerns whether the Company and/or members of its senior management may have violated federal securities laws or engaged in other unlawful business practices.</p>    <p align="center">[<a href="https://www.globenewswire.com/Tracker?data=jb8g7WaAzOzphoFq1BBGjuS2gQWlgv6Bn63ywxhpaEC704WBn3O4tyY-ZOB25cJxOsMRBWAPIdF1MjS0JKm20m2cmxVd9QS6945htPXJlXH06WkN3woYnoEZHZCeV4vrjyA3Oj57ldqOySv4vUeXNzkO_uDHIykYvczXGXLbszA=" rel="nofollow" target="_blank">LEARN MORE ABOUT THE INVESTIGATION</a>]</p>    <p align="justify"><strong>What Happened?</strong></p>    <p align="justify">On July 29, 2026, Banc of California reported its second quarter 2026 financial results, reporting a net loss of $251.3 million, or $1.61 per share, falling short of analysts&#39; expectations of a gain of $0.40 per share. The Company stated that its 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 securities, while also initiating the sale of $827 million of certain commercial real estate and multifamily construction loans. On 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.</p>    <p align="justify"><strong>What Should I Do?</strong></p>    <p align="justify">At this stage, no lawsuit has been filed. The investigation is ongoing to determine whether claims may be brought under federal securities laws.</p>    <p align="justify">If you purchased or otherwise acquired Banc of California securities, have information, or would like to learn more about this investigation, please contact <a href="https://www.globenewswire.com/Tracker?data=7E0BFqsx4AHh4P_zmqNsP_7SQyMSYy1ex5doA1h27_7CI5Y4Y9v9aV-Ce9Dp_9yTmG9HySRuw1TRg8NWVF1XthnTGmB0vsyzZpyO8mlof4-AD8gMigpbQq4T2zknp6Wq" rel="nofollow" target="_blank">Lauren Molinaro</a> of <a href="https://www.globenewswire.com/Tracker?data=gkqTbtkL6PhaIpDOuMv0U6q3ds7SUwQp3ELjfFMYjSeolTj_BTEefzFR5SKdJJO7ZbKyVOMVC9i438KT2T9j_JNITYUS8ye83n9gk_mt1rs=" rel="nofollow" target="_blank">Kirby McInerney LLP</a> by email at <a href="https://www.globenewswire.com/Tracker?data=kuDgRlVMi6qob5ukG8VlJtoaKW741RFv0xp0HgjZu8CBxpZl9dZq7bH7Uxzt3sVQr_JvAX5Uw3OoKthsqt5sExSwwKOtVuAsl1bRhGGATZS_wJ26OY2p6xI1ZYd2W6Il" rel="nofollow" target="_blank">investigations@kmllp.com</a>, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.</p>    <p align="center">[<a href="https://www.globenewswire.com/Tracker?data=jb8g7WaAzOzphoFq1BBGjkJvEq2JXg1D8iNJI6sr0HNrFpsjE9IQBKbYvkE0_dTV8q1DZ9lRBxVe94WFgAemJDX3VWAzTGJoC-BXuFVlDr7LXawlTrNrKUym1zh4WnlgKTabZSH6YKin_A4pz9tHTA==" rel="nofollow" target="_blank">LEARN MORE ABOUT SECURITIES CLASS ACTIONS</a>]</p>    <p align="justify"><a href="https://www.globenewswire.com/Tracker?data=gkqTbtkL6PhaIpDOuMv0U9HgmPECPmK0dLo6Cq6DAiter2Kstw0A8WQ_DvJF9pekvO2nrZtiCM_nCF06fL-FgpJ7HOpw4dgED3eRu3DaLRM=" rel="nofollow" target="_blank">Kirby McInerney LLP</a> is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s <a href="https://www.globenewswire.com/Tracker?data=NbHRhl-dPoL1GQjJ4dMpGSk3y931KMvI1YB8QmbPUSypAskuWYlDklwdJzLbDdh6zbAqjxRolMsOPUFKhtaS3Q==" rel="nofollow" target="_blank">website</a>.</p>    <p align="justify">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.</p>    <p align="justify">Contacts<br></br>Kirby McInerney LLP        <br></br>Lauren Molinaro, Esq.<br></br>212-699-1171<br></br><a href="https://www.globenewswire.com/Tracker?data=-Q-DMFT3U7i-4eMwzDO4agj1-Co7EFyEiJr1WJXAFJIgJElrNhQrUBGuYidgqssrxa479MvwtgZfHPH8LH0wW-CBR9NIsnD0kyS0tWxJumM=" rel="nofollow" target="_blank">https://www.kmllp.com</a><br></br><a href="https://www.globenewswire.com/Tracker?data=-Q-DMFT3U7i-4eMwzDO4ahkfltbf4t9GfEurHZ68Qek9qX2kPVJLnkitJZGAh9iVJj2fzMSpYw8C-NEAo3cos8D_hJR3rnRt224Acc8g7fgrnPpAe_-fat3eRn0UyNRXJOQ67mv4_NHyIMgtnQlIAA==" rel="nofollow" target="_blank"><u>https://securitiesleadplaintiff.com/</u></a><br></br><a href="https://www.globenewswire.com/Tracker?data=kuDgRlVMi6qob5ukG8VlJtoaKW741RFv0xp0HgjZu8DDOE07hKC00bVTFLLGG9mf08Sq16IjY0MbjK_CyKvZAlx0L4KvP427gdVM5hbEbHE8nuSZwj9RrACwpgrxdrFQ" rel="nofollow" target="_blank">investigations@kmllp.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgwNzMxOCM3NzY5MDEyIzIwMjA2Njk="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/YWNkNDM3MDMtZmViMS00N2E3LTllNjItNDUxZmM4NDViNTljLTEwMzE5OTctMjAyNi0wOC0xMS1lbg==/tiny/Kirby-McInerney-LLP.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/192da1d1-643f-4eee-b850-dde5b9f2b00f"><img src="https://ml.globenewswire.com/media/192da1d1-643f-4eee-b850-dde5b9f2b00f/small/linkedin-logo-300x300-png.png" border="0" width="147" height="147" alt="Primary Logo"></img></a></p>

Kirby McInerney LP announced an investigation into Banc of California after its Q2 2026 results showed a $251.3 million net loss and a stock decline. The restructuring included selling $2.3 billion of lower-yielding securities and divesting $827 million of CRE/multifamily loans. The catalyst is potential securities claims; near-term downside risk hinges on any lawsuit filings or settlements.

News insight

BANC OF CALIFORNIA, INC. INVESTOR ALERT: Kirby McInerney LLP Announces Investigation Into Potential Securities Fraud

AI summary

Sentiment rationale

Key facts

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