---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-019363"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T07:54:03.127333+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Banc of California Q1 EPS $0.26, loan growth 6% annualized; upsizes buyback to $300M

## Summary
- Net earnings $43.6M, diluted EPS $0.26; NIM expanded 4bps to 3.08%.
- Total loans grew $344.9M (6% annualized) to $24.1B, driven by C&I and multi-family.
- Stock buyback program upsized to $300M; $150M repurchased through Apr 21, 6.8% of shares.
- Net charge-offs 0.24% of avg loans; ACL ratio 1.10%, credit quality stable.
- Book value per share $18.17, tangible book $16.12; CET1 ratio 10.43%.

## SEC filing metadata
- accession: 0001628280-25-019363
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169770/000162828025019363/0001628280-25-019363-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000162828025019363/banc-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-019363
- JSON: https://secwatch.observer/filing/0001628280-25-019363.json
- Plain text: https://secwatch.observer/filing/0001628280-25-019363.txt

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