{"url_path":"/sec/cik-0001118004/10-q/2026/item-1a","section_key":"item-1a","section_title":"Item 1A Risk Factors","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1118004/0001193125-26-214217-index.html","accession_number":"0001193125-26-214217","cik":"0001118004","ticker":null,"issuer_name":"BANCPLUS CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1118004/0001193125-26-214217-index.html","primary_entity_key":"0001118004","primary_entity_name":"BANCPLUS CORP"},"word_count":267,"has_tables":true,"body_markdown":"Item 1A. Risk Factors\n\nThere have been no material changes to the risk factors previously disclosed under Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, previously filed with the SEC, except as noted below.\n\nThe Company may not qualify to repurchase its Series ECIP Preferred Stock on favorable terms.\n\n \n\nOn June 22, 2022, the Company sold shares of its Series ECIP Preferred Stock to the U.S. Treasury for the purchase price of $250.0 million under the Emergency Capital Investment Program, or “ECIP.” Under the ECIP program, the Treasury invested in depository institutions that are Community Development Financial Institutions or minority depository institutions (“MDIs”) to encourage lending to small businesses, minority-owned businesses and consumers in low-income and underserved communities.\n\n \n\nUnder terms of an ECIP Securities Purchase Option Agreement (“POA”) between the Company and Treasury, if the Company meets certain conditions, the Company or the Company’s qualifying designee may repurchase the Series ECIP Preferred Stock, potentially at a substantial discount (the “Repurchase Option”). To be eligible to exercise the Repurchase Option, the Company must, among other things, meet certain thresholds for “deep impact lending” or “qualified lending” (as defined in the ECIP’s guidelines), comply with the ECIP agreements and rules, continue to qualify as a CDFI, and be “well-capitalized” under federal Prompt Corrective Action guidelines. The earliest possible date by which the Company could exercise the Repurchase Option (assuming it meets all required conditions) is June 22, 2032. There can be no assurance that the Company will ever satisfy the lending and other requirements necessary to exercise the Repurchase Option."}