Q2 Earnings Highs And Lows: First Hawaiian Bank (NASDAQ:FHB) Vs The Rest Of The Regional Banks Stocks

Republic Bancorp (RBCAA) stock rose 5.2% post-earnings, trading at $52.59. Banc of California (BANC) reported $285.7M revenue, missing estimates, and fell 12.1% to $18.63. Preferred Bank (PFBC) reported $73.47M revenue, in line with expectations, and dropped 3.3% to $102.49. The Bancorp (TBBK) reported $163.6M revenue, missing estimates, and fell 12.4% to $56.77.

Banc of California (BANC) reported Q2 2026 results during an earnings call, citing a net loss available to common of $251.3 million ($-1.61/share) tied to nonrecurring balance sheet restructuring. The company sold $2.3 billion of lower-yield securities and $827 million of select loans to held-for-sale, retired $385 million of subordinated debt, and guided NIM to 3.30% to 3.40% by Q4.

Tri Counties Bank and First Hawaiian Bank proposed a $2 billion, all-stock merger to expand lending and services while keeping local decision-making. The combined company would have about $34 billion in assets. Tri Counties would keep its California brand. Closing is expected by end-2026, pending regulators. Tri Counties has $356.3M in deposits.

Strategic Balance Sheet Optimization Management executed a three-pronged strategy involving a $2.3 billion securities repositioning, an $825 million targeted loan sale, and $385 million in subordinated debt retirement to remove 'weights' hindering franchise earnings power. The securities repositioning replaced lower-yielding (2.1%) long-duration assets with higher-yielding (4.87%) shorter-duration instruments, generating a 276 basis point yield pickup.

Banc of California reported a 2Q net loss of $251.3 million, or $1.61 per share, after restructuring its balance sheet. The bank sold $2.3 billion of securities, redeployed $1.7 billion into higher-yield shorter-duration holdings, initiated $827 million of commercial real estate and multifamily loan sales, and retired $385 million of subordinated debt. It expects to complete loan sales in 3Q and target higher recurring earnings.

BANC OF CALIFORNIA, INC. (BANC) filed an SEC Form 8-K — Results of Operations and Financial Condition. 1 Second Quarter 2026 Results Press Release Banc of California, Inc. Reports Second Quarter 2026 Financial Results and Announces Strategic Balance Sheet Repositioning to Enhance Long-Term Earnings Company Release – 7/29/2026 Quarter Results 9% Loan Average Annualized Growth 12% D