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

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 10
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 Per Common Share Data:Diluted earnings per share (1)$0.26 $0.28 $0.12 Book value per share(1)$18.17 $17.78 $17.13 Tangible book value per share (1)(2)$16.12 $15.72 $15.03 Performance Ratios:Return on average assets 0.65 %0.67 %0.33 %Return on average tangible common equity (2)7.56 %7.35 %4.36 %Net interest margin 3.08 %3.04 %2.66 %Yield on average 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,