secwatch.observer — SEC 8-K summary
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Issuer:     BANC OF CALIFORNIA, INC. (BANC)
CIK:        0001169770
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0001169770-22-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banc of California Q2 net income $26.7M, EPS $0.43; loan fundings $1.2B, NIM expands
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- Net income $26.7M, diluted EPS $0.43; adjusted EPS $0.45.
- Loan fundings of $1.2B, highest in over 3 years.
- Net interest margin 3.58%, up 7 bps QoQ.
- Tangible book value per share $14.05, flat QoQ.
- Repurchased $38.9M common stock during Q2; $51.9M cumulative through July 20.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169770/000116977022000039/0001169770-22-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169770/000116977022000039/banc-20220721.htm
  HTML page:      https://secwatch.observer/filing/0001169770-22-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer