---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-026554"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T04:50:34.549391+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Banc of California Q1 EPS $0.39 (+50% YoY); NIM expands to 3.24%; sub debt redemption

## Summary
- Diluted EPS $0.39, up 50% YoY; net income available to common $62M.
- Net interest margin 3.24%, up 4bp QoQ driven by 11bp decline in deposit costs.
- Total revenue $286.9M (+8% YoY); pre-tax pre-provision income $105.6M (+28% YoY).
- Repurchased $31.9M of stock at avg $18.68; extended buyback program to March 2027.
- Announced redemption of $385M subordinated debt; NPLs rose to $185.7M from $159.2M.

## SEC filing metadata
- accession: 0001628280-26-026554
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2026-04-22T23:59:59+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/1169770/000162828026026554/0001628280-26-026554-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000162828026026554/banc-20260422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-026554
- JSON: https://secwatch.observer/filing/0001628280-26-026554.json
- Plain text: https://secwatch.observer/filing/0001628280-26-026554.txt

## Key facts
- Earnings Releases
  BANC OF CALIFORNIA, INC. reported first quarter ended March 31, 2026 results: revenue $286.9 million, EPS $0.39 per diluted common share.
  - Period: first quarter ended March 31, 2026
  - Revenue: $286.9 million
  - EPS: $0.39 per diluted common share
  - Result: reported results
  source text: growth, supported by strong pipelines, embedded asset repricing opportunities, and our attractive market position.” First Quarter 2026 Financial Highlights: • Total revenue of $286.9 million, up 8% year over year, with pre-tax pre-provision income (1) of $105.6 million, up 28% year over year . • Net interest margin expanded 4 basis points to 3.24% compared to fourth
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000162828026026554/0001628280-26-026554-index.htm

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