8-K
filed January 19, 2023, 6:59 PM ET
ticker BANC
CIK 0001169770
earnings
confidence high
sentiment positive
materiality 0.75
Banc of California FY2022 net income $115.8M record; Q4 adj. EPS $0.45
BANC OF CALIFORNIA, INC.
2023-FY EPS reported
$5.14
revenue$1,631,316,000
- Q4 net income $21.5M, diluted EPS $0.36; adjusted EPS $0.45.
- FY2022 net income $115.8M, diluted EPS $1.89 vs $0.95 in 2021.
- Net interest margin expanded 11 bps QoQ to 3.69%; noninterest-bearing deposits 41% of avg deposits.
- Repurchased $18.9M common stock in Q4; book value per share $16.26, up from $15.83.
- Q4 included $7.7M pre-tax loss on securities sale; proceeds reinvested at ~5.8% yield.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
BANC OF CALIFORNIA, INC. reported the full year 2022 results: net income $115.8 million, EPS $1.89 per diluted common share.
- Period
- the full year 2022
- Net income
- $115.8 million
- EPS
- $1.89 per diluted common share
- Result
- reported results
Exact text from the filing
For the full year 2022, the Company reported record net income available to common shareholders of $115.8 million, or $1.89 per diluted common share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
BANC OF CALIFORNIA, INC. reported the fourth quarter of 2022 results: net income $21.5 million, EPS $0.36 per diluted common share.
- Period
- the fourth quarter of 2022
- Net income
- $21.5 million
- EPS
- $0.36 per diluted common share
- Result
- reported results
Exact text from the filing
Banc of California, Inc. (NYSE: BANC) today reported net income of $21.5 million, or $0.36 per diluted common share, for the fourth quarter of 2022.
View on SEC.gov
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