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AI brief of an SEC Form 8-K · Banc Of California (BANC)

Banc of California posts Q4 diluted EPS of $0.28 vs. Q3 loss of $0.01 on margin gains

Positive Impact 3 of 5 earnings Written later

Banc of California reported fourth-quarter 2024 net earnings available to common stockholders of $47.0 million, or $0.28 per diluted share, compared with a third-quarter loss of $1.2 million, or $0.01 per share. The improvement was driven mainly by a net interest margin of 3.04%, up 11 basis points from the prior quarter, and lower noninterest expenses, while delinquent loans rose to $180.2 million.

Key points

  • Q4 2024 net earnings available to common stockholders: $47.0 million, or $0.28 per diluted share, versus a Q3 2024 loss of $1.2 million, or $0.01 per share
  • Full-year 2024 net income available to common stockholders: $87.1 million, or $0.52 per diluted share; adjusted basis $135.4 million, or $0.80 per share
  • Net interest margin of 3.04%, up 11 basis points from Q3 2024 and 135 basis points year over year; noninterest expense fell 7.6% from Q3 to $181.4 million
  • Total delinquent loans rose to $180.2 million at December 31, 2024, from $125.0 million at September 30, 2024; nonperforming assets were $199.3 million

The filing

CompanyBanc Of California (BANC)
Form8-K, current report
Filed with the SECJan 23, 2025, 6:15 AM ET
Accession number0001140361-25-001673

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 23, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.