---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-24-000093"
form_type: "8-K"
ticker: "BCTF"
cik: "0001668340"
company_name: "Bancorp 34, Inc."
filed_at: "2024-03-11T23:59:59+00:00"
generated_at: "2026-06-04T23:52:19.054408+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bancorp 34 reports Q4 net loss $1.7M; merger with CBOA expected to close March 2024

## Summary
- Net loss $1.7M, diluted EPS ($0.40), vs ($1.9M) and ($0.81) in Q4 2022.
- Total assets $581.3M, up $6.9M YoY; deposits declined $27.6M.
- Merger with CBOA (Commerce Bank of Arizona) on track to close March 2024; combined bank to rebrand as Southwest Heritage Bank.
- Problem credit transferred to OREO at $3M; loss on credit $3.4M in Q4; note sold Feb 2024 for $2.5M.
- Merger expenses $1.7M in Q4, $3M full year; tangible book value $12.94/share.

## SEC filing metadata
- accession: 0001552781-24-000093
- form_type: 8-K
- ticker: BCTF
- cik: 0001668340
- company_name: Bancorp 34, Inc.
- filed_at: 2024-03-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1668340/000155278124000093/0001552781-24-000093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1668340/000155278124000093/e24099_bctf-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-24-000093
- JSON: https://secwatch.observer/filing/0001552781-24-000093.json
- Plain text: https://secwatch.observer/filing/0001552781-24-000093.txt

## Key facts
- Earnings Releases
  Bancorp 34, Inc. reported the quarter ended December 31, 2023 results: net income ($1.7 million), EPS ($0.40).
  - Period: the quarter ended December 31, 2023
  - Net income: ($1.7 million)
  - EPS: ($0.40)
  - Result: reported results
  source text: Bancorp 34, Inc. (the “Company”) reported a net loss and diluted net loss per share, for the quarter ended December 31, 2023, of ($1.7 million) and ($0.40), respectively, compared to ($1.9 million) and ($0.81) for the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1668340/000155278124000093/0001552781-24-000093-index.htm

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