SANTA ANA, Calif. (AP) _ Banc of California Inc. (BANC) on Thursday reported third-quarter net income of $15.9 million, after reporting a loss in the same period a year earlier.

The Santa Ana, California-based bank said it had earnings of 24 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The banking service and lending company posted revenue of $73.6 million in the period. Its revenue net of interest expense was $59.8 million, which missed Street forecasts. Four analysts surveyed by Zacks expected $61.9 million.

Banc of California shares have fallen 34% since the beginning of the year. The stock has fallen 24% 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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News