Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 12

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 2
Chunk 12
---
827,164 $941,293 Interest expense(180,293)(174,291)(354,584)(482,703)Net interest income240,216 232,364 472,580 458,590 Provision for credit losses(39,100)(9,300)(48,400)(21,000)Noninterest income 32,633 33,650 66,283 63,608 Operating expense(185,869)(183,653)(369,522)(426,811)Acquisition, integration and reorganization costs— — — 12,650 Earnings before income taxes47,880 73,061 120,941 87,037 Income tax expense  (19,495)(19,493)(38,988)(25,852)Net earnings  28,385 53,568 81,953 61,185 Preferred stock dividends(9,947)(9,947)(19,894)(19,894)Net earnings available tocommon and equivalent stockholders$18,438 $43,621 $62,059 $41,291 Per Common Share Data:Diluted earnings per share (1)$0.12 $0.26 $0.38 $0.25 Adjusted diluted earnings per share (1)(2)$0.31 $0.26 $0.56 $0.27 Book value per share(1)$18.58 $18.17 Tangible book value per share (1)(2)$16.46 $16.12 Performance Ratios:Return on average assets (3)0.34 %0.65 %0.49 %0.34 %Return on average tangible common equity (2)(3)3.70 %7.56 %5.59 %4.30 %Net interest margin (3)3.10 %3.08 %3.09 %2.73 %Yield on average loans and leases (3)5.93 %5.90 %5.92 %6.13 %Cost of average total deposits (3)2.13 %2.12 %2.12 %2.63 %Noninterest expense to average total assets (3)2.21 %2.24 %2.22 %2.27 %Noninterest