---
schema_version: "secwatch.filing_event.v1"
accession: "0001169770-22-000002"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2022-01-25T23:59:59+00:00"
generated_at: "2026-06-27T15:46:55.954861+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Banc of California Q4 net income $5.8M ($0.07 EPS) includes $13.5M merger costs; PMB acquisition completed

## Summary
- Net income $5.8M ($0.07 diluted EPS) vs $23.2M ($0.42) in Q3; includes $13.5M pre-tax merger costs.
- Completed acquisition of Pacific Mercantile Bancorp on Oct 18, 2021 for $225.4M; added $1.54B assets.
- Adjusted pre-tax pre-provision ROAA increased to 1.39% from 1.34% in Q3; core earnings improved.
- Net interest margin flat at 3.28%; noninterest-bearing deposits rose to 37% of total deposits.
- Announced intention to redeem Series E Preferred Stock in H1 2022, subject to regulatory approval.

## SEC filing metadata
- accession: 0001169770-22-000002
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2022-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000002/0001169770-22-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000002/banc-20220125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169770-22-000002
- JSON: https://secwatch.observer/filing/0001169770-22-000002.json
- Plain text: https://secwatch.observer/filing/0001169770-22-000002.txt

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