Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 7

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 7
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607 Adjusted net earnings for ROATCE74,831 33,889 167,189 89,709 Less:Preferred stock dividends9,947 9,947 29,841 29,841 Adjusted net earnings available to common and equivalent stockholders for ROATCE$64,884 $23,942 $137,348 $59,868 Average stockholders' equity$3,437,335 $3,430,143 $3,463,568 $3,412,964 Less:Average goodwill and intangible assets330,277 337,352 337,361 358,321 Less:Average preferred stock 498,516 498,516 498,516 498,516 Average tangible common equity$2,608,542 $2,594,275 $2,627,691 $2,556,127 Return on average equity (2)8.04 %3.32 %5.85 %2.74 %Return on average tangible common equity (3)9.87 %3.70 %6.99 %3.13 %

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(1)     Effective tax rates of 27.34% and 23.12% used for the three months ended September 30, 2025 and June 30, 2025. Effective tax rates of 27.34% and 27.61% used for the nine months ended September 30, 2025 and 2024.

(2)     Annualized net earnings divided by average stockholders' equity.

(3)     Annualized adjusted net earnings available to common and equivalent stockholders for ROATCE divided by average tangible common equity.

80

Tangible Common Equity andSeptember 30,December 31,Tangible Book Value Per Common Share20252024(Dollars in thousands, except per share data)Stockholders’ equity$3,466,739 $3,499,949 Less: Preferred stock 498,516 498,516 Total common equity2,968,223 3,001,433 Less: Goodwill and intangible assets326,444 347,465 Tangible common equity$2,641,779 $2,653,968 Book value per common share (1)$19.09 $17.78 Tangible book value per common share (