---
schema_version: "secwatch.filing_event.v1"
accession: "0001169770-22-000047"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2022-10-20T23:59:59+00:00"
generated_at: "2026-06-23T02:11:26.649742+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Banc of California Reports Q3 2022 Net Income of $24.2M, Completes Deepstack Acquisition

## Summary
- Net income $24.2M ($0.40 diluted EPS) vs $26.7M in Q2 2022; adjusted EPS $0.44.
- Noninterest-bearing deposits grew $117M to 40% of total deposits, up from 37.4% in prior quarter.
- Completed acquisition of Deepstack Technologies on Sept 15, 2022 for $24M in cash and stock.
- Repurchased $13M of common stock in Q3; year-to-date $63.7M through Oct 18.
- Net interest margin steady at 3.58%; no provision for credit losses.

## SEC filing metadata
- accession: 0001169770-22-000047
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2022-10-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000047/0001169770-22-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000047/banc-20221020.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169770-22-000047
- JSON: https://secwatch.observer/filing/0001169770-22-000047.json
- Plain text: https://secwatch.observer/filing/0001169770-22-000047.txt

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