Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 156

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 156
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 %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. 

(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.

Second Quarter of 2025 Compared to First Quarter of 2025

Net interest income increased by $7.9 million to $240.2 million for the second quarter from $232.4 million for the first quarter attributable primarily to the following:

•An increase of $16.2 million in interest income from loans due primarily to a higher average balance in the second quarter, higher day count, and higher average yield driven by higher yield on loan production.

This was offset partially by:

•An increase of $4.4 million in interest expense on deposits due primarily to higher average interest-bearing deposit balances in the second