Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 153

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 153
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)    See "- Non-GAAP Financial Measures."

(3)    Annualized.

(4)    Total revenue equals the sum of net interest income and noninterest income.

(5)    Ratio calculated by dividing noninterest expense (less intangible asset amortization and acquisition, integration and reorganization costs) by total revenue (less gain/loss on sale of securities). See "- Non-GAAP Financial Measures." Noninterest expense includes customer related expense of $26.6 million and $27.8 million for the three months ended June 30, 2025 and March 31, 2025, and $54.3 million and $63.3 million for the six months ended June 30, 2025 and 2024.

81

Net Interest Income and Net Interest Margin

The following tables summarize the distribution of average assets, liabilities, and stockholders’ equity, as well as interest income and yields earned on average interest-earning assets and interest expense and rates paid on average interest-bearing liabilities, presented on a tax equivalent basis, for the periods indicated:

Three Months EndedJune 30, 2025March 31, 2025InterestYieldsInterestYieldsAverageIncome/andAverageIncome/andBalanceExpenseRatesBalanceExpenseRates(Dollars in thousands)ASSETS:Loans and leases (1)$24,504,319 $362,303 5.93 %$23,788,647 $346,103 5.90 %Investment securities 4,719,954 37,616 3.20 %4,734,037 37,862 3.24 %Deposits in financial institutions1,872,736 20,590 4.41 %2,088,139 22,690 4.41 %Total interest‑earning assets 31,097,009 420,509 5.42 %30,610,823 406,655 5.39 %Other assets2,667,140 2,697,562 Total assets$33,764,149 $33,308,385 LIABILITIES AND STOCKHOLDERS’ EQUITY:Interest checking $7,778,882 52,877 2.73 %$7,343,451 47,879 2.64 %Money market 5,412,681 33,615 2.49 %5,415