{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-021153","form_type":"8-K","ticker":"BANC","cik":"0001169770","company_name":"BANC OF CALIFORNIA, INC.","filed_at":"2024-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.516336+00:00","generated_at":"2026-06-03T11:25:47.461482+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Banc of California posts Q1 net income of $28.2M, net interest margin expands 109 bps to 2.78%","bullets":["Net earnings available to common $28.2M ($0.17 diluted EPS); adjusted EPS $0.19 excluding FDIC special assessment.","Net interest income $239.1M (+58% QoQ); net interest margin 2.78%, up from 1.69% in Q4.","Noninterest expense declined to $210.5M (ex-merger costs) from $251.8M in Q4 due to lower FDIC assessment and no merger costs.","Nonperforming loans rose to $146M (0.57% of loans) from $62.5M, driven by four CRE credits; allowance for credit losses 1.26%.","Total deposits $28.9B, down $1.5B; noninterest-bearing deposits increased to 27% of total; liquidity $16.8B."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-021153","json":"https://secwatch.observer/filing/0001140361-24-021153.json","markdown":"https://secwatch.observer/filing/0001140361-24-021153.md","text":"https://secwatch.observer/filing/0001140361-24-021153.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1169770/000114036124021153/0001140361-24-021153-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1169770/000114036124021153/ef20027444_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T11:25:47.461482+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":"910fbd8dcf202b81b582b12f1466a2ef5d789c40","claim":"BANC OF CALIFORNIA, INC. reported first quarter ended March 31, 2024 results: net income $28.2 million, or $0.17 per diluted common share, EPS $0.17 per diluted common share.","evidence_excerpt":"The Company recorded net earnings available to common and equivalent stockholders of $28.2 million, or $0.17 per diluted common share, for the first quarter of 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169770/000114036124021153/0001140361-24-021153-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Net income","value":"$28.2 million, or $0.17 per diluted common share"},{"label":"EPS","value":"$0.17 per diluted common share"},{"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"}