Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 15

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 15
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13 %$26,920,914 $140,530 2.12 %Total funds (3)$29,880,258 $180,293 2.42 %$29,261,451 $174,291 2.42 %

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(1)    Total loans are net of deferred fees, related direct costs, and premiums and discounts, but exclude the allowance for loan losses. Includes net loan discount accretion of $16.1 million and $16.0 million for the three months ended June 30, 2025 and March 31, 2025.

(2)    Total deposits is the sum of interest-bearing deposits and noninterest-bearing demand deposits. The cost of total deposits is calculated as annualized interest expense on total deposits divided by average total deposits. 

(3)    Total funds is the sum of total interest-bearing liabilities and noninterest-bearing demand deposits. The cost of total funds is calculated as annualized total interest expense divided by average total funds.

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Six Months EndedJune 30, 2025June 30, 2024InterestYieldsInterestYieldsAverageIncome/andAverageIncome/andBalanceExpenseRatesBalanceExpenseRates(Dollars in thousands)ASSETS:Loans and leases (1)$24,148,460 $708,406 5.92 %$25,422,084 $774,318 6.13 %Investment securities 4,726,957 75,478 3.22 %4,690,123 68,139 2.92 %Deposits in financial institutions1,979,843 43,280 4.41 %3,667,630 98,836 5.42 %Total interest‑earning assets 30,855,260 827,164 5.41 %33,779,837 941,293 5.60 %Other assets2,682,266 2,907,750 Total assets$33,537,526 $36,687,587 LIABILITIES ANDSTOCKHOLDERS’ EQUITY:Interest checking $7,562,369 100,756 2.69 %$7,778,540 122,625 3.17 %Money market 5,414,190 66,618 2.48 %5,350,202 74