SANTA ANA, Calif. (AP) _ Banc of California Inc. (BANC) on Thursday reported a second-quarter loss of $18.4 million, after reporting a profit in the same period a year earlier.

The Santa Ana, California-based bank said it had a loss of 44 cents per share. Losses, adjusted for non-recurring costs, were 2 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 39 cents per share.

The banking service and lending company posted revenue of $78.2 million in the period. Its revenue net of interest expense was $60.8 million, also topping Street forecasts. Four analysts surveyed by Zacks expected $59 million.

Banc of California shares have fallen 41% since the beginning of the year. The stock has declined 26% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BANC at https://www.zacks.com/ap/BANC

Automated Insights, source Associated Press News