Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 312

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 312
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,285)74,827 Operating expense(805,923)(938,812)(738,818)Acquisition, integration and reorganization costs14,183 (142,633)(5,703)Goodwill impairment— (1,376,736)(29,000)Earnings (loss) before income taxes168,654 (2,211,338)567,568 Income tax (expense) benefit (41,766)312,201 (143,955)Net earnings (loss)126,888 (1,899,137)423,613 Preferred stock dividends(39,788)(39,788)(19,339)Net earnings (loss) available to common and equivalent stockholders$87,100 $(1,938,925)$404,274 Per Common Share Data:Diluted earnings (loss) per share (1)$0.52 $(22.71)$5.14 Adjusted diluted earnings (loss) per share (2)$0.80 $0.15 $6.05 Book value per share (1)$17.78 $17.12 $43.71 Tangible book value per share (1)(2)$15.72 $14.96 $25.88 Performance Ratios:Return on average assets 0.36 %(4.71)%1.05 %Adjusted return on average assets (2)0.50 %0.13 %1.20 %Return on average tangible common equity (2)4.35 %(35.27)%20.53 %Adjusted return on average tangible common equity (2)6.23 %1.06 %22.50 %Net interest margin 2.85 %1.98 %3.49 %Yield on average loans and leases 6.11 %5.92 %5.07 %Cost of average total deposits2.52 %2.61 %0.59 %Noninterest expense to average total assets2.24 %6.10 %1.91 %Capital Ratios (consolidated):Common equity tier 1 capital ratio10.55 %10.14 %8.70 %Tier 1 capital ratio12.97 %12.44 %10.61 %Total capital ratio17.05 %16.43 %13.61 %