Banc of California, Inc. (NYSE:BANC) is a banking and lending company based in Los Angeles. On April 29, 2026, its Chief Credit Officer, Bryan M. Corsini, sold 10,399 shares of common stock. The shares were sold at a price of $18.52 each, resulting in a total transaction value of approximately $192,589.
This insider sale occurs as BANC's stock trades at $18.28, a decrease of 3.18% for the day. The stock price has also declined by 2.80% since the beginning of the year. Following the transaction, Corsini's direct ownership in the company stands at 83,710 shares. The stock's 52-week range is between a low of $13.19 and a high of $21.61.
Despite the stock's recent dip, BANC reported strong first-quarter financial results. The company announced quarterly earnings of $0.39 per share, which is a 50% increase from the same period a year ago. As highlighted by Zacks Investment Research, this performance beat analyst estimates and marks the fourth straight quarter the company has surpassed earnings expectations.
The company’s revenue for the quarter was approximately $287 million, an increase from $266 million a year ago. BANC also saw its net interest margin expand to 3.24%. Net interest margin measures the difference between the interest income a bank generates from loans and the interest it pays out to its depositors, indicating profitability.
Key growth metrics also show positive trends, with a 4% annualized growth in both average loans and average noninterest-bearing deposits. The company’s book value per share is reported at $19.80, with a tangible book value per share of $17.77. This provides a measure of the company's value on a per-share basis.
