---
schema_version: "secwatch.filing_event.v1"
accession: "0001169770-21-000034"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2021-10-21T23:59:59+00:00"
generated_at: "2026-06-28T19:04:17.952640+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Banc of California reports Q3 net income $23.2M, EPS $0.42; completes Pacific Mercantile acquisition

## Summary
- Net income $23.2M, diluted EPS $0.42; net interest margin 3.28%, ROAA 1.13%.
- Total loans ex-PPP grew 16% annualized; total deposits up $337M to $6.54B.
- Noninterest-bearing deposits rose to 32% of total deposits (from 29% prior quarter).
- Completed acquisition of Pacific Mercantile Bancorp on Oct 18 for $225.4M (11.86M shares issued).
- Provision for credit losses reversed $1.1M; allowance 1.26% of total loans, 173% of NPLs.

## SEC filing metadata
- accession: 0001169770-21-000034
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2021-10-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169770/000116977021000034/0001169770-21-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000116977021000034/banc-20211021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169770-21-000034
- JSON: https://secwatch.observer/filing/0001169770-21-000034.json
- Plain text: https://secwatch.observer/filing/0001169770-21-000034.txt

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