Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 141

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 141
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 loans and leases 5.90 %6.01 %6.08 %Cost of average total deposits2.12 %2.26 %2.66 %Noninterest expense to average total assets2.24 %2.15 %2.26 %Noninterest expense to total revenue (3)69.04 %68.63 %80.07 %Efficiency ratio (4)66.35 %65.96 %76.87 %Capital Ratios (consolidated):Common equity tier 1 capital ratio10.45 %10.55 %10.09 %Tier 1 capital ratio12.86 %12.97 %12.38 %Total capital ratio16.93 %17.05 %16.40 %Tier 1 leverage capital ratio10.19 %10.15 %9.12 %Risk-weighted assets$26,104,878 $25,976,675 $27,513,193 

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(1)    Shares include non-voting common stock equivalents that are participating securities.

(2)    See "- Non-GAAP Financial Measures."

(3)    Total revenue equals the sum of net interest income and noninterest income.

(4)    Ratio calculated by dividing noninterest expense (less intangible asset amortization and acquisition, integration and reorganization costs) by total revenue (less gain(loss) on sale of securities). See "- Non-GAAP Financial Measures." Noninterest expense includes customer related expense of $27,751, $31,672, and $30,919 for the three months ended March 31, 2025, December 31, 2024, and March 31, 2024, respectively.

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Net Interest Income and Net Interest Margin

The following tables summarize the distribution of average assets, liabilities, and stockholders’ equity, as well as interest income and yields earned on average interest-earning assets and interest expense and rates paid on average interest-bearing liabilities, presented on a tax equivalent basis, for the periods indicated:

Three Months EndedMarch 31, 2025December 31, 2024March 31, 2024InterestYieldsInterestYieldsInterestYieldsAverageIncome/andAverageIncome/andAverageIncome/andBalanceExpenseRatesBalanceExpenseRatesBalanceExpenseRates(Dollars in thousands)ASSETS:Loans and leases (