{"schema_version":"secwatch.filing_event.v1","accession":"0001169770-23-000055","form_type":"8-K","ticker":"BANC","cik":"0001169770","company_name":"BANC OF CALIFORNIA, INC.","filed_at":"2023-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.285319+00:00","generated_at":"2026-06-13T02:51:51.524261+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Banc of California Q2 net income $17.9M; merges with PacWest Bancorp with $400M capital raise","bullets":["Net income $17.9M ($0.31 EPS); adjusted net income $18.4M ($0.32 EPS).","Stable deposits: total deposits down ~1% QoQ to $6.87B; noninterest-bearing deposits 36% of total.","Loan growth $101.8M (1% QoQ) driven by C&I and warehouse lending; total loans $7.16B.","Entered into definitive merger agreement with PacWest Bancorp; committed $400M capital raise.","Merger expected to be immediately accretive to tangible book value and 2024 estimated EPS."],"urls":{"canonical":"https://secwatch.observer/filing/0001169770-23-000055","json":"https://secwatch.observer/filing/0001169770-23-000055.json","markdown":"https://secwatch.observer/filing/0001169770-23-000055.md","text":"https://secwatch.observer/filing/0001169770-23-000055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1169770/000116977023000055/0001169770-23-000055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1169770/000116977023000055/banc-20230725.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:51:51.524261+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"49497fafcade6693d71ea5319001c3c6d82da58c","claim":"BANC OF CALIFORNIA, INC. reported the second quarter of 2023 results: net income $17.9 million, or $0.31 per diluted common share.","evidence_excerpt":"Banc of California, Inc. (NYSE: BANC) today reported net income of $17.9 million, or $0.31 per diluted common share, for the second quarter of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169770/000116977023000055/0001169770-23-000055-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter of 2023"},{"label":"Net income","value":"$17.9 million, or $0.31 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}