Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 107

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 107
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 732,175 |   | $ |      655,305 |   |
| Return on average tangible common equity(3)                                  |     |            |          4.4 | % |   |        -35.3 | % |   |         13.5 | % |   |          7.0 | % |   |            — | % |

________________________________________

(1) Financial information and metrics for the year ended December 31, 2024 and 2023 represent reported financial results and metric of the combined company. Following the PacWest Merger, net loss for the year ended December 31, 2023 reflect PacWest financial results only on a standalone basis until the closing of the PacWest Merger on November 30, 2023, and results of the combined company for the month of December 2023. Net earnings for the years ended December 31, 2022, 2021, and 2020 represent reported financial results of the legacy Banc of California on which compensation was based.

(2) Effective tax rates of 24.8% and 14.1% used for the year ended December 31, 2024 and 2023; blended tax rate of 29.6% used for the year ended December 31, 2022, 2021, and 2020.

(3) Adjusted net earnings (loss) available to common and equivalent stockholders' divided by average tangible common equity.

#### 92Banc of CaliforniaAnnual Proxy Statement2025

#### Appendix
Non-GAAP Reconciliation: Return on Average Tangible Common Equity (ROATCE) for the Fourth Quarter Ended December 31, 2024

|                                                                       |     | Fourth Quarter Ended 
 December 31,         
 2024(1)              |           |   |
|:----------------------------------------------------------------------|:----|:---------------------|----------:|:--|
| (dollars in thousands)                                                |     |                      |           |   |
| Return on Average Tangible Common Equity                              |     |                      |           |   |
| Net earnings                                                          |     | $                    |    56,919 |   |
| Earnings before income taxes                                          |     | $                    |    70,103 |   |
| Add: Intangible asset amortization                                    |     |                      |     7,770 |   |
| Adjusted earnings before income taxes                                 |     |                      |    77,873 |