08:39 AM EDT, 04/23/2024 (MT Newswires) -- Banc of California ( BANC ) reported Q1 adjusted earnings Tuesday of $0.19 per diluted share, down from $1.03 a year earlier.

Analysts polled by Capital IQ expected $0.25.

Revenue for the quarter ended March 31, expressed as the sum of net interest income and total non-interest income, was $273 million, down from $315.7 million a year earlier.

Analysts surveyed by Capital IQ expected $291.6 million.

Shares of the bank were up 1% in recent premarket activity.