Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 151

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 151
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,476 109,420 Less: Preferred stock dividends9,947 9,947 29,841 29,841 Adjusted net earnings available tocommon and equivalent stockholders$59,682 $48,441 $150,635 $79,579 Weighted average diluted common sharesoutstanding159,051 158,462 $161,993 $168,386 Diluted earnings per common share$0.38 $0.12 $0.75 $0.24 Adjusted diluted earnings per commonshare (2)$0.38 $0.31 $0.93 $0.47 Average total assets$33,831,217 $33,764,149 $33,636,499 $35,928,284 Return on average assets ("ROAA") (3)0.82 %0.34 %0.60 %0.26 %Adjusted ROAA (4)0.82 %0.69 %0.72 %0.41 %

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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)     Adjusted net earnings available to common and equivalent stockholders divided by weighted average diluted common shares outstanding.

(3)    Annualized net earnings divided by average assets.

(4)     Annualized adjusted net earnings divided by average assets.

Three Months EndedNine Months EndedSeptember 30,June 30,September 30,Pre-Tax Pre-Provision Income2025202520252024(Dollars in thousands)Net interest income (GAAP)$253,444 $240,216 $726,024 $690,765 Add: Noninterest income (GAAP)34,285 32,633 100,568 48,156 Total revenues (GAAP)287,729 272,849 826,592 738,921 Less: Noninterest expense (GAAP)185,684 185,869 555,206 610,370 Pre-tax pre-provision income (Non-GAAP)$102,045 $86