---
schema_version: "secwatch.filing_event.v1"
accession: "0001169770-22-000028"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2022-04-21T23:59:59+00:00"
generated_at: "2026-06-26T05:36:32.749719+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Banc of California Q1 2022 EPS $0.69 vs $0.07 prior; net income $48.5M

## Summary
- Diluted EPS $0.69, net income $48.5M; prior quarter EPS $0.07, net income $5.8M.
- Net interest margin 3.51%, up 23 bps QoQ; net interest income $76.4M, up $3.4M.
- Provision reversal of $31.5M driven by $31.3M recovery from settlement of loan charged off in 2019.
- Loans held for investment up $200.1M to $7.45B; total deposits $7.48B, noninterest-bearing 40%.
- Redeemed all Series E Preferred Stock for $98.7M; repurchased $4.3M stock, $70.7M remaining under buyback.

## SEC filing metadata
- accession: 0001169770-22-000028
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2022-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1169770/000116977022000028/0001169770-22-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000028/banc-20220421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169770-22-000028
- JSON: https://secwatch.observer/filing/0001169770-22-000028.json
- Plain text: https://secwatch.observer/filing/0001169770-22-000028.txt

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