---
schema_version: "secwatch.filing_event.v1"
accession: "0001169770-23-000003"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2023-01-19T23:59:59+00:00"
generated_at: "2026-06-20T12:56:17.051140+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Banc of California FY2022 net income $115.8M record; Q4 adj. EPS $0.45

## Summary
- 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.

## SEC filing metadata
- accession: 0001169770-23-000003
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2023-01-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169770/000116977023000003/0001169770-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000116977023000003/banc-20230119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169770-23-000003
- JSON: https://secwatch.observer/filing/0001169770-23-000003.json
- Plain text: https://secwatch.observer/filing/0001169770-23-000003.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000116977023000003/0001169770-23-000003-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000116977023000003/0001169770-23-000003-index.htm

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