{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-006465","form_type":"8-K","ticker":"BANC","cik":"0001169770","company_name":"BANC OF CALIFORNIA, INC.","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.547780+00:00","generated_at":"2026-06-06T17:44:13.686086+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Banc of California Q4 net loss $492.9M on $442M securities loss, $112M merger costs","bullets":["Net loss of $492.9M ($4.55 diluted loss) vs Q3 loss $33.3M; includes $442.4M loss on security sales, $111.8M merger costs, $32.7M FDIC assessment.","Total assets $38.5B, deposits $30.4B (up $3.8B QoQ), loans $25.5B (up $3.6B) from PacWest merger closed Nov 30, 2023.","Tangible book value per share $14.96; CET1 ratio 10.12%, total risk-based capital 16.40%, all above 'well capitalized' thresholds.","Net interest margin 1.69% for Q4, improved to 2.15% in December; spot NIM at year-end 2.75%.","Nonperforming loans to total loans 0.29% (down from 0.57% QoQ); allowance for credit losses 1.22%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-006465","json":"https://secwatch.observer/filing/0001104659-24-006465.json","markdown":"https://secwatch.observer/filing/0001104659-24-006465.md","text":"https://secwatch.observer/filing/0001104659-24-006465.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1169770/000110465924006465/0001104659-24-006465-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1169770/000110465924006465/tm244079d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T17:44:13.686086+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"54f63195a9c4c0b48092ad53094b778ae87ea4ea","claim":"BANC OF CALIFORNIA, INC. reported fourth quarter and year ended December 31, 2023 results: net income -492.9 million.","evidence_excerpt":"The Company recorded a net loss of $492.9 million , or a loss o","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169770/000110465924006465/0001104659-24-006465-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and year ended December 31, 2023"},{"label":"Net income","value":"-492.9 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}