Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 155

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 155
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organization costs) by total revenue (less gain/loss on sale of securities). See "- Non-GAAP Financial Measures." Noninterest expense includes customer related expense of $26.2 million and $26.6 million for the three months ended September 30, 2025 and June 30, 2025, and $80.6 million and $97.8 million for the nine months ended September 30, 2025 and 2024.

84

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 EndedSeptember 30, 2025June 30, 2025InterestYieldsInterestYieldsAverageIncome/andAverageIncome/andBalanceExpenseRatesBalanceExpenseRates(Dollars in thousands)ASSETS:Loans and leases (1)$24,458,255 $372,723 6.05 %$24,504,319 $362,303 5.93 %Investment securities 4,782,070 38,291 3.18 %4,719,954 37,616 3.20 %Deposits in financial institutions1,958,011 21,527 4.36 %1,872,736 20,590 4.41 %Total interest‑earning assets 31,198,336 432,541 5.50 %31,097,009 420,509 5.42 %Other assets2,632,881 2,667,140 Total assets$33,831,217 $33,764,149 LIABILITIES AND STOCKHOLDERS’ EQUITY:Interest checking $7,855,639 53,995 2.73 %$7,778,882 52,877 2.73 %Money market 5,154,138 30,461 2.34 %5,412,681 33,615 2.49 %Savings 1,966,040 12,689 2.56 %1,959,987 12,777 2.61 %Time 4,633,089 45,929 3.93 %4,