---
schema_version: "secwatch.filing_event.v1"
accession: "0001169770-23-000042"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:16:44.502901+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Banc of California Q1 net income $20.3M ($0.34 EPS); deposits down 2%, dividend raised 67%

## Summary
- GAAP EPS $0.34 vs $0.36 prior quarter; adjusted EPS $0.37 vs $0.45.
- Net interest margin fell 28bp to 3.41% on higher funding costs; total deposits down 2% but uninsured deposits 27% of total.
- Available liquidity $4.0B, 2.2x uninsured/collateralized deposits; $1.0B cash at quarter-end.
- Capital ratios strong: CET1 11.66%, total risk-based 14.06%; dividend raised 67% to $0.10/share.
- Repurchased $5.2M of stock in Q1 (additional $10M through Apr 12); book value per share $16.33.

## SEC filing metadata
- accession: 0001169770-23-000042
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169770/000116977023000042/0001169770-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000116977023000042/banc-20230420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169770-23-000042
- JSON: https://secwatch.observer/filing/0001169770-23-000042.json
- Plain text: https://secwatch.observer/filing/0001169770-23-000042.txt

## Key facts
- Earnings Releases
  BANC OF CALIFORNIA, INC. reported first quarter of 2023 results: net income $20.3 million, EPS $0.34 per diluted common share.
  - Period: first quarter of 2023
  - Net income: $20.3 million
  - EPS: $0.34 per diluted common share
  - Result: reported results
  source text: Banc of California, Inc. (NYSE: BANC) today reported net income of $20.3 million, or $0.34 per diluted common share, for the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000116977023000042/0001169770-23-000042-index.htm

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