BANC OF CALIFORNIA FILES 8-K ON FINANCIAL CONDITION, OPERATIONS

Ticker: BANC-PF · Form: 8-K · Filed: Jan 25, 2024 · CIK: 1169770

Banc Of California, Inc. 8-K Filing Summary
FieldDetail
CompanyBanc Of California, Inc. (BANC-PF)
Form Type8-K
Filed DateJan 25, 2024
Risk Levelmedium
Pages2
Reading Time2 min
Key Dollar Amounts$0.01
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: financial-condition, regulation-fd, corporate-update

TL;DR

**Banc of California just dropped an 8-K, likely with fresh financial deets that could move the stock.**

AI Summary

Banc of California, Inc. filed an 8-K on January 25, 2024, to report an event related to its financial condition and operations. This filing indicates the company is providing updated information, potentially regarding its recent merger with PacWest Bancorp, which could impact its stock price. Investors should pay attention to the details of this filing as it may contain new financial disclosures or operational updates that could affect the company's future performance and valuation.

Why It Matters

This filing signals that Banc of California is releasing new, material information about its financial health or business operations, which could directly influence investor sentiment and the stock's market price.

Risk Assessment

Risk Level: medium — The filing itself is administrative, but the underlying information it refers to (results of operations and financial condition) could contain significant positive or negative news, creating medium risk for investors.

Analyst Insight

A smart investor would immediately seek out the specific details of the 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure' mentioned in this 8-K to understand the financial implications for Banc of California, Inc. and adjust their investment thesis accordingly.

Key Players & Entities

  • BANC OF CALIFORNIA, INC. (company) — the registrant filing the 8-K
  • January 25, 2024 (date) — date of earliest event reported and filing date
  • 001-35522 (other) — Commission File Number for Banc of California
  • Maryland (other) — state of incorporation for Banc of California
  • 11611 San Vicente Boulevard, Suite 500, Los Angeles, California 90049 (other) — principal executive offices address

Forward-Looking Statements

  • Banc of California will provide specific financial results for a recent period. (BANC OF CALIFORNIA, INC.) — high confidence, target: 2024-01-25
  • The disclosed information will impact the company's stock price. (BANC OF CALIFORNIA, INC.) — medium confidence, target: 2024-01-26

FAQ

What is the primary purpose of this 8-K filing by Banc of California, Inc.?

The primary purpose of this 8-K filing is to report on 'Results of Operations and Financial Condition' and 'Regulation FD Disclosure', indicating the company is making new material information public regarding its financial performance and operational status as of January 25, 2024.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 25, 2024, which is also the date the report was filed.

What is the full business address of Banc of California, Inc. as stated in the filing?

The full business address of Banc of California, Inc. is 11611 San Vicente Boulevard, Suite 500, Los Angeles, California 90049, with a telephone number of (855) 361-2262.

Under which SEC Act is this Form 8-K filed?

This Form 8-K is filed under the Securities Exchange Act of 1934, pursuant to Section 13 or 15(d).

Does this 8-K filing indicate any simultaneous satisfaction of other filing obligations?

Yes, the filing indicates that it is intended to simultaneously satisfy filing obligations under Rule 425 (Written communications pursuant to the Securities Act), Rule 14a-12 (Soliciting material pursuant to the Exchange Act), Rule 14d-2(b) (Pre-commencement communications pursuant to the Exchange Act), and Rule 13e-4(c) (Pre-commencement communications pursuant to the Exchange Act).

Filing Stats: 571 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-01-25 06:30:50

Key Financial Figures

  • $0.01 — ch registered Common Stock, par value $0.01 per share BANC New York Stock Excha

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On January 25, 2024, Banc of California, Inc. (the "Company") issued a press release announcing 2023 fourth quarter financial results. A copy of the press release is attached to this report as Exhibit 99.1 and is incorporated by reference herein.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. The Company will host a conference call to discuss its fourth quarter results at 10:00 A.M. Pacific Time on Thursday, January 25, 2024. Interested parties may attend the conference call by dialing (888) 317-6003, and referencing event code 4864870. A live audio webcast will be available through the webcast link to be posted on the Company's Investor Relations website at www.bancofcal.com/investor , in addition to the slide presentation for investor review prior to the call. A copy of the presentation materials is attached to this report as Exhibit 99.2 and is incorporated by reference herein.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 Banc of California, Inc. Press Release dated January 25, 2024. 99.2 Banc of California, Inc. Earnings Conference Call Presentation Materials. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BANC OF CALIFORNIA, INC. January 25, 2024 /s/ Joseph Kauder Joseph Kauder Executive Vice President and Chief Financial Officer

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