{"filings":[{"id":192935,"accession_number":"0001552781-24-000610","cik":1668340,"company_name":"Bancorp 34, Inc.","ticker":"BCTF","form_type":"8-K","filed_at":"2024-11-20T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Bancorp 34 stockholders elect directors, ratify auditor, approve equity plan at annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Randal L. Rabon (2,869,530 votes for) and Robert Decker (3,470,850 votes for) elected as Class I directors.","Ratification of Plante & Moran as independent auditor for 2024 approved with 4,155,981 for, 21,928 against.","Incentive stock option portion of 2024 Equity Incentive Plan approved with 3,315,082 for, 140,278 against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":108813436.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227291,"accession_number":"0001552781-24-000372","cik":1668340,"company_name":"Bancorp 34, Inc.","ticker":"BCTF","form_type":"8-K/A","filed_at":"2024-05-31T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Bancorp 34 files CBOA audited financials: net income $2.4M in 2023, down 30% YoY","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["CBOA total assets $434.8M, deposits $339.8M, loans $324.6M as of Dec 31, 2023.","Net income $2.426M ($0.23 EPS) in 2023 vs $3.462M ($0.35 EPS) in 2022, down 30%.","Net interest income rose 9.8% to $16.3M; non-interest expense up 21.5% to $13.4M.","Adopted CECL on Jan 1, 2023; allowance for credit losses $3.85M (1.19% of loans).","Merger of CBOA into Bancorp 34 completed March 19, 2024; financials provided as amendment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":108813436.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227293,"accession_number":"0001552781-24-000246","cik":1668340,"company_name":"Bancorp 34, Inc.","ticker":"BCTF","form_type":"8-K","filed_at":"2024-04-24T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Bancorp 34 Reports CEO James Crotty's Resignation and Separation Agreement","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["CEO James Crotty resigned effective April 1, 2024; replaced by Ciaran McMullan as Chairman and CEO of Bancorp 34 and Southwest Heritage Bank.","Separation agreement provides $320,000 severance, $22,500 prorated bonus, $80,000 retention bonus installments, and $3,500 attorney fees.","Company accelerates vesting of 18,600 unvested stock options and 5,289 restricted shares; extends option exercise period to April 1, 2025.","Non-competition provision waived; company will pay COBRA premiums for up to 18 months.","Crotty releases all claims; separation agreement dated April 18, 2024 filed as exhibit."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":108813436.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227292,"accession_number":"0001552781-24-000218","cik":1668340,"company_name":"Bancorp 34, Inc.","ticker":"BCTF","form_type":"8-K","filed_at":"2024-04-05T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Bancorp 34 appoints Ciaran McMullan as Chairman and CEO; Crotty resigns","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["James Crotty resigned as CEO and director of Bancorp 34 and the Bank, effective April 1, 2024; resignation not due to disagreement.","Ciaran McMullan appointed Chairman, CEO; two-year term ending April 1, 2026; base salary $350,000; bonus up to 40% of base.","McMullan to receive three annual equity grants of 110,000, 39,000, and 26,000 shares under new equity plan.","McMullan previously CEO of Suncrest Bank; also led NAB's U.S. regional bank and chaired Great Western Bancorporation.","Under Crotty, company grew to ~$1B assets and completed merger with CBOA Financial."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":108813436.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246172,"accession_number":"0001552781-24-000167","cik":1668340,"company_name":"Bancorp 34, Inc.","ticker":"BCTF","form_type":"8-K","filed_at":"2024-03-21T23:59:59+00:00","items":["2.01","5.02","5.07","7.01","9.01"],"status":"ready","headline":"Bancorp 34 closes CBOA merger, creating $1B asset bank; Webster named President","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Bancorp 34 issued ~2.74M shares valued at $24.5M to CBOA shareholders at 0.2628 exchange ratio.","Commerce Bank contributed $433M assets, $325M loans, $340M deposits as of Dec 31, 2023.","Pro forma combined assets ~$1B, loans ~$782M, deposits ~$819M; new name Southwest Heritage Bank from Mar 25.","Three CBOA directors (Decker, Assenmacher, Webster) elected to Board; Burt, Cook, Van Winkle resigned.","Chris Webster appointed President with 2-year term, $275K base salary, and up to 40% bonus."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":108813436.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246171,"accession_number":"0001552781-24-000093","cik":1668340,"company_name":"Bancorp 34, Inc.","ticker":"BCTF","form_type":"8-K","filed_at":"2024-03-11T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Bancorp 34 reports Q4 net loss $1.7M; merger with CBOA expected to close March 2024","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss $1.7M, diluted EPS ($0.40), vs ($1.9M) and ($0.81) in Q4 2022.","Total assets $581.3M, up $6.9M YoY; deposits declined $27.6M.","Merger with CBOA (Commerce Bank of Arizona) on track to close March 2024; combined bank to rebrand as Southwest Heritage Bank.","Problem credit transferred to OREO at $3M; loss on credit $3.4M in Q4; note sold Feb 2024 for $2.5M.","Merger expenses $1.7M in Q4, $3M full year; tangible book value $12.94/share."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":108813436.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":263620,"accession_number":"0001552781-23-000482","cik":1668340,"company_name":"Bancorp 34, Inc.","ticker":"BCTF","form_type":"8-K","filed_at":"2023-12-22T23:59:59+00:00","items":["1.01","2.02","9.01"],"status":"ready","headline":"Bancorp 34 reports revised Q3 net loss of $2.3M due to loan loss provision; amends merger ratio with CBOA","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revised Q3 2023 net loss of $2.3M (-$0.52 EPS) vs previously reported net income of $3,000.","Provision for one commercial real estate credit placed on non-accrual drove revision; credit deterioration existed at Sep 30.","First nine months 2023 net loss revised to $1.7M (-$0.48 EPS) from previously reported net income of $0.6M.","Merger agreement amended: exchange ratio increased to 0.2628 BCTF shares per CBOA share (from 0.24); outside date extended to June 28, 2024.","Companies anticipate shareholder vote and closing in Q1 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":108813436.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}