Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 16

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 16
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,127 2.79 %Savings 1,954,349 25,634 2.65 %2,019,399 35,026 3.49 %Time 4,534,076 92,462 4.11 %6,191,281 149,135 4.84 %Total interest‑bearing deposits19,464,984 285,470 2.96 %21,339,422 380,913 3.59 %Borrowings1,513,790 38,442 5.12 %2,453,003 68,435 5.61 %Subordinated debt944,790 30,672 6.55 %937,686 33,355 7.15 %Total interest‑bearing liabilities21,923,564 354,584 3.26 %24,730,111 482,703 3.93 %Noninterest‑bearing demand deposits7,649,000 7,783,324 Other liabilities488,060 781,211 Total liabilities30,060,624 33,294,646 Stockholders’ equity3,476,902 3,392,941 Total liabilities and stockholders' equity$33,537,526 $36,687,587 Net interest income $472,580 $458,590 Net interest rate spread 2.15 %1.67 %Net interest margin 3.09 %2.73 %Total deposits (2)$27,113,984 $285,470 2.12 %$29,122,746 $380,913 2.63 %Total funds (3)$29,572,564 $354,584 2.42 %$32,513,435 $482,703 2.99 %

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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 $32.1 million and $44.3 million for the six months ended June 30, 2025 and 2024..

(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.