Pomerantz LLP is investigating claims on behalf of investors in Banc of California, adding to an earlier probe by Kirby McInerney LLP after the company reported a second-quarter 2026 net loss of $251.3 million, or $1.61 per share, versus analysts' expectations for a $0.40 per share gain. Banc of California said the loss stemmed from a balance-sheet restructuring that included selling $2.3 billion of lower-yielding securities, redeploying more than half of that amount into higher-yielding, shorter-duration securities, and starting the sale of $827 million of certain commercial real estate and multifamily construction loans. The shares fell $2.59, or 12.23%, to close at $18.59 on July 29, 2026. Kirby McInerney previously said no lawsuit had been filed, while both firms said their inquiries are focused on potential claims.