Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 309

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 309
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Total common equity3,001,433 2,892,249 3,452,015 Less: Goodwill and intangible assets347,465 364,104 1,408,117 Tangible common equity$2,653,968 $2,528,145 $2,043,898 Total assets$33,542,864 $38,534,064 $41,228,936 Less: Goodwill and intangible assets347,465 364,104 1,408,117 Tangible assets$33,195,399 $38,169,960 $39,820,819 Total stockholders' equity to total assets ratio10.43 %8.80 %9.58 %Tangible common equity ratio (1)7.99 %6.62 %5.13 %Book value per common share (2)(5)$17.78 $17.12 $43.71 Tangible book value per common share (3)(5)$15.72 $14.96 $25.88 Common and equivalent shares outstanding (4)(5)168,825,656 168,959,063 78,973,869 

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(1)    Tangible common equity divided by tangible assets.

(2)    Total common equity divided by common and equivalent shares outstanding.

(3)    Tangible common equity divided by common and equivalent shares outstanding.

(4)    Common and equivalent shares outstanding include non-voting common stock equivalents that are participating securities. 

(5)    Common and equivalent shares outstanding in 2022 have been restated by multiplying the historical amounts by the Merger exchange ratio of 0.6569.

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Adjusted Return on AverageYear Ended December 31,Tangible Common Equity ("ROATCE")202420232022(Dollars in thousands)Net earnings (loss)$126,888 $(1,899,137)$423,613 Earnings (loss) before income taxes$168,654 $(2,211,338)$567,568 Add: Intangible asset amortization33,143 11,419 13,576 Add: Goodwill impairment— 1,376,736 29,000 Add: FDIC special assessment4,814 32,746 — Add: Loss on sale of securities59,946 442,