secwatch.observer — SEC 8-K summary
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Issuer:     BANC OF CALIFORNIA, INC. (BANC)
CIK:        0001169770
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0001169770-23-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169770/000116977023000003/0001169770-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169770/000116977023000003/banc-20230119.htm
  HTML page:      https://secwatch.observer/filing/0001169770-23-000003

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