---
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"
generated_at: "2026-06-06T17:44:13.686086+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Banc of California Q4 net loss $492.9M on $442M securities loss, $112M merger costs

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-006465
- JSON: https://secwatch.observer/filing/0001104659-24-006465.json
- Plain text: https://secwatch.observer/filing/0001104659-24-006465.txt

## Key facts
- Earnings Releases
  BANC OF CALIFORNIA, INC. reported fourth quarter and year ended December 31, 2023 results: net income -492.9 million.
  - Period: fourth quarter and year ended December 31, 2023
  - Net income: -492.9 million
  - Result: reported results
  source text: The Company recorded a net loss of $492.9 million , or a loss o
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000110465924006465/0001104659-24-006465-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.