Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 1

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 1
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 by 135 bps to 3.04%.

• Reducing noninterest operating expenses by 36% from a normalized 4Q23.

• Increasing our total capital and tangible book value per share, notwithstanding that several of our strategic initiatives resulted in losses.

These transformative efforts resulted in meaningful growth in core profitability and significantly strengthened our balance sheet.

Our position of strength also gives us the opportunity to support our communities, as we are doing through our Foundation's Wildfire Relief & Recovery Fund, which is supporting businesses and individuals following the devastating fires that struck Los Angeles in January of this year. Our Foundation provides support to important community partners in all of our markets, something we are proud to do.

In the fourth quarter of 2024, with most of our major merger integration milestones and the balance sheet repositioning completed, we reached an inflection point. We shifted our efforts from being primarily internally focused to leveraging the strong franchise that we have built to drive external growth opportunities. Our bankers excelled in expanding existing client relationships and bringing in new clients, driving growth in both loans and deposits, particularly noninterest-bearing deposits.

As we head into 2025, we are well positioned for profitable growth. Thanks to the hard work of our team this past year to transform our Company, we are in a great position to deliver on one of the core drivers of the merger with PacWest Bancorp: to become one of the leading business banks in our key markets, filling the void left by the numerous banks which were acquired or failed. As California's third largest bank and the largest independent bank headquartered in Los Angeles, our talented teams are highly visible in attractive markets, providing significant opportunities for us to expand our client base and deepen relationships with existing clients. The expertise of our banking teams, combined with the superior level of service and solutions that we offer, provide us with significant competitive advantages that enable us to continually attract new clients to the bank in all of our markets across the country.

While our economic output is dependent on the overall economic environment, our successful business transformation provides a strong foundation for us to continue to expand our client roster, generate consistent profitable growth, and further enhance the long-term value of our franchise for our stockholders in the coming years.

#### Banc of CaliforniaAnnual Proxy Statement2025

#### 2025 Annual Meeting of Stockholders Information
On behalf of the Board of Directors (the Board) and management of Banc of California, Inc. (the Company), we invite you to attend the Company’s 2025 Annual Meeting of Stockholders