Highest-materiality recent filing
Banc of California Q1 EPS $0.39 (+50% YoY); NIM expands to 3.24%; sub debt redemption
Diluted EPS $0.39, up 50% YoY; net income available to common $62M.
Banc of California Q4 diluted EPS $0.42, up 11% QoQ; full year EPS $1.17 vs $0.52
Q4 net earnings available to common stockholders $67.4M ($0.42 diluted EPS), vs $59.7M ($0.38) in Q3 2025.
Banc of California Q3 EPS $0.38 vs $0.12 in Q2; revenue up 5%, NIM expands 12 bps
Diluted EPS of $0.38, up from $0.12 in Q2; net earnings $59.7M vs $18.4M
Banc of California Q2 EPS $0.12 ($0.31 adj); loan growth 9% ann.; NIM 3.10%
Net earnings available to common $18.4M ($0.12 diluted); adjusted EPS $0.31.
Banc of California Q1 EPS $0.26, loan growth 6% annualized; upsizes buyback to $300M
Net earnings $43.6M, diluted EPS $0.26; NIM expanded 4bps to 3.08%.
Banc of California EVP & COO John Sotoodeh to depart Nov 7, 2024
John Sotoodeh, EVP and COO, will leave Banc of California effective November 7, 2024.
Dismissed KPMG as auditor; appointed Ernst & Young for FY 2024. No adverse opinions or disagreements in prior audits.
Banc of California posts Q1 net income of $28.2M, net interest margin expands 109 bps to 2.78%
Net earnings available to common $28.2M ($0.17 diluted EPS); adjusted EPS $0.19 excluding FDIC special assessment.
Jeffrey Krumpoch, who ceased to serve as Interim Chief Accounting Officer, pending his retirement.
the appointment of Karen Hon, age 48, as Chief Accounting Officer of the Company and the Bank, effective as of the same date.
John Sotoodeh, Executive Vice President and Chief Operating Officer of Banc of California, Inc. (the “Company”) and its wholly owned subsidiary Banc of California, will depart from the Company effective November 7, 2024 to pursue other opportunities and relocate to Texas to spend more time with his family.
the Company and the Bank appointed Jeffrey Krumpoch, age 68, to serve as Interim Chief Accounting Officer, effective upon Ms. Sparks’s departure.
On August 23, 2024 , Monica Sparks notified Banc of California, Inc. (the “Company”) and Banc of California (the “Bank”), a wholly owned subsidiary of the Company, of her decision to resign as Executive Vice President, Chief Accounting Officer of the Company and the Bank.
Max materiality 0.75 · Median 0.50 · Most common event earnings