Welcome to our dedicated page for BANC OF CALIFORNIA SEC filings (Ticker: BANC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Banc of California, Inc. filings document financial results, governance, securities registration, and capital actions for a public bank holding company. Form 8-K reports furnish quarterly earnings releases, Regulation FD investor materials, dividend declarations for common stock and Series F preferred depositary shares, and other material corporate events.
Proxy materials disclose annual meeting matters, director elections, executive compensation, stockholder voting results, and board governance. Registration-related filings and prospectus supplements cover shelf registration mechanics, resale registration obligations, common stock, preferred securities, and related legal opinions, while the company’s disclosures also reflect capital structure and stockholder-rights matters tied to its commercial banking business.
BANC OF CALIFORNIA, INC. director Paul Robert Burke reported an equity award and updated his holdings. He received 4,780 shares of common stock in the form of restricted stock units as consideration for serving on the board, at a stated price of $0.00 per share.
The RSUs are scheduled to vest in full on the one-year anniversary of the grant date, after which shares will be issued. Following this grant, he holds 64,507 shares of common stock directly, which include 226 shares acquired through the issuer's Dividend Reinvestment Plan, plus additional indirect holdings through an IRA and a trust.
BANC OF CALIFORNIA, INC. director James Andrew Barker reported an equity award rather than an open-market trade. On the reported date, he received 4,780 restricted stock units (RSUs) of common stock as consideration for his service on the Board of Directors, with shares to be issued in full on the one-year anniversary of the grant date upon vesting.
Following this award, Barker holds 48,907 shares of common stock directly, and 169,680 shares indirectly through the James A. Barker Living Trust. The direct amount includes 875 shares acquired through the company’s Dividend Reinvestment Plan.
Banc of California, Inc. reported the results of its 2026 Annual Meeting of Stockholders. As of the March 13, 2026 record date, 153,778,367 shares of voting common stock were outstanding. Stockholders elected ten director nominees, each for a one-year term ending at the 2027 annual meeting.
Stockholders also ratified Ernst & Young LLP as the independent registered public accounting firm for the year ending December 31, 2026, with 129,027,721 votes for and 263,457 against. On an advisory basis, stockholders approved executive compensation, with 94,559,017 votes for and 22,541,537 against, and approved the Company’s Second Amended and Restated 2018 Omnibus Stock Incentive Plan, with 115,167,771 votes for and 2,216,600 against.
Banc of California, Inc. reported solid quarterly results, showing stable balance sheet size and higher profitability. Total assets were $34.7 billion and loans held for investment were $24.8 billion, while deposits totaled $27.3 billion, indicating a loan book still largely funded by core deposits.
For the three months ended March 31, 2026, net earnings were $71.9 million, up from $53.6 million a year earlier, and diluted earnings per share rose to $0.39 from $0.26. Net interest income was $251.6 million, as interest expense on deposits and borrowings remained well below interest income on loans and securities.
Credit quality metrics were manageable but required continued provisioning. The allowance for loan and lease losses stood at $241.6 million after a $9.8 million provision and $13.8 million of net charge-offs, and nonaccrual loans and leases were $185.7 million. Investment securities remained a significant part of the balance sheet, with $2.7 billion classified as available-for-sale and $2.3 billion held-to-maturity, carrying sizable but unrealized losses driven mainly by interest rate movements.
Warburg Pincus LLC reported proposed sales of 4,250,000 shares of Common Stock of the issuer (symbol BANC) via a Form 144 notice dated 02/13/2026. The filing lists a related figure of $85,000,000 alongside that sale and shows historical acquisition by merger on 11/30/2023. The cover data includes amounts 2,640,244, 50,613,478, and 149,963,520 and references the NYSE with an entry date of 05/07/2026.
BANC OF CALIFORNIA, INC. reported that its Chief Credit Officer, Bryan M. Corsini, completed an open-market sale of common stock. On April 29, 2026, he sold 10,399 shares of Banc of California common stock at a price of $18.52 per share. After this transaction, he continues to hold 83,710 shares of the company’s common stock directly, indicating he retains a substantial equity position in the bank despite the sale.
BANC OF CALIFORNIA, INC. Chief Credit Officer Bryan M. Corsini reported an open-market sale of Common Stock. He sold 10,399 shares at a price of $18.52 per share. After this transaction, he directly owns 83,710 Common Stock shares, indicating he retained a substantial position.
Banc of California, Inc. reported first quarter 2026 net earnings available to common and equivalent stockholders of $62.0 million, or $0.39 diluted EPS, up 50% from $0.26 a year earlier. Total revenue was $286.9 million, up 8% year over year, driving a 28% increase in pre-tax pre-provision income to $105.6 million.
Net interest margin expanded to 3.24% from 3.08% a year ago as the average total cost of deposits fell to 1.78%. Average total loans grew, with first quarter loan production and disbursements of $2.1 billion at a 6.65% weighted average rate.
Total noninterest expense declined 1% year over year to $181.4 million, improving the efficiency ratio to 61.00%. Book value per share rose to $19.80 and tangible book value per share to $17.77, both up high single to low double digits year over year.
Asset quality weakened somewhat: total delinquent loans and leases increased to $345.1 million, or 1.39% of loans and leases held for investment, and nonperforming loans and leases rose to $185.7 million. The allowance for credit losses on loans was $276.5 million, equal to 1.12% of total loans and leases, while the economic coverage ratio was 1.60%.
The company repurchased 1.7 million common and equivalent shares for $31.9 million and extended its $300 million stock repurchase program through March 2027. It also announced plans to redeem $385 million of subordinated debt. Regulatory capital ratios remained well above “well-capitalized” thresholds, with an estimated 12.54% Tier 1 capital ratio and 10.18% common equity Tier 1 ratio at the holding company level, supported by total assets of $34.7 billion and liquidity of $14.2 billion.
Banc of California, Inc. is asking stockholders to elect ten directors, ratify Ernst & Young LLP as auditor, approve Say‑on‑Pay, and adopt a Second Amended and Restated 2018 Omnibus Stock Incentive Plan at its fully virtual May 6, 2026 annual meeting. The company highlights a strong 2025, with adjusted earnings per share up 69% to $1.35, return on tangible common equity of 10.75% in the fourth quarter, and $9.6 billion of relationship‑driven loan production, 31% higher year over year. Deposits grew, including $526 million of new noninterest‑bearing balances and nearly 2,500 new noninterest‑bearing accounts, while the cost of deposits declined. Revenue rose 12%, adjusted pre‑tax, pre‑provision income increased 39%, and noninterest expense fell 7%, improving the adjusted efficiency ratio by nearly 900 basis points. Credit metrics remained solid, with special mention loans at 1.83% and nonperforming loans at 0.64%. The company repurchased 13.6 million shares, about 8% of shares outstanding, delivered a 28% total shareholder return versus 7% for the KRX index, and raised its dividend 20%.