---
schema_version: "secwatch.filing_event.v1"
accession: "0001169770-23-000065"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T13:28:47.953541+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Banc of California Q3 net income $42.6M, adj. EPS $0.30; PacWest merger on track for Nov 30

## Summary
- Net income $42.6M ($0.74 diluted EPS) vs $17.9M ($0.31) prior qtr; adjusted net income $17.1M ($0.30).
- Net interest margin improved 8 bps to 3.19%; noninterest-bearing deposits stable at 36% of total deposits.
- Merger with PacWest expected close ~Nov 30, 2023 after receiving all regulatory approvals.
- Book value per share $17.44 (+4.6% QoQ); tangible book value $15.34 (+5.4%); provision for credit losses $5.0M.

## SEC filing metadata
- accession: 0001169770-23-000065
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2023-10-24T23:59:59+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/1169770/000116977023000065/0001169770-23-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000116977023000065/banc-20231024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169770-23-000065
- JSON: https://secwatch.observer/filing/0001169770-23-000065.json
- Plain text: https://secwatch.observer/filing/0001169770-23-000065.txt

## Key facts
- Earnings Releases
  BANC OF CALIFORNIA, INC. reported the third quarter of 2023 results: net income $42.6 million, EPS $0.74 per diluted common share.
  - Period: the third quarter of 2023
  - Net income: $42.6 million
  - EPS: $0.74 per diluted common share
  - Result: reported results
  source text: Banc of California Reports Net Income of $42.6 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000116977023000065/0001169770-23-000065-index.htm

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