Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 150

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 150
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, andreorganization costs— — — 13,160 Noninterest expense used forefficiency ratio$178,524 $178,710 $533,727 $598,157 Net interest income$253,444 $240,216 $726,024 $690,765 Noninterest income34,285 32,633 100,568 48,156 Total revenue287,729 272,849 826,592 738,921 Add: Loss on sale of securities— — — 59,946 Total revenue used for efficiency ratio$287,729 $272,849 $826,592 $798,867 Noninterest expense to total revenue64.53 %68.12 %67.17 %82.60 %Efficiency ratio (2)62.05 %65.50 %64.57 %74.88 %

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(1)    Includes customer related expense of $26.2 million and $26.6 million for the three months ended September 30, 2025 and June 30, 2025, and $80.6 million and $97.8 million for the nine months ended September 30, 2025 and 2024.

(2)    Noninterest expense used for efficiency ratio divided by total revenue.

81

Adjusted Net Earnings, Net EarningsThree Months EndedNine Months EndedAvailable to Common and EquivalentSeptember 30,June 30,September 30,Stockholders, Diluted EPS, and ROAA2025202520252024(Dollars in thousands)Net earnings$69,629 $28,385 $151,582 $69,969 Earnings before income taxes$98,551 Add: FDIC special assessment5,816 Add: Loss on sale of securities59,946 Less: Acquisition, integration, and reorganization costs (13,160)Adjusted earnings before income taxes151,153 Adjusted income tax expense (1)(41,733)Adjustments:Provision for credit losses related totransfer of loans to held for sale26,289 $26,289 Tax impact of adjustments above (1)(6,078)(7,187)Income tax related adjustments9,792 9,792 Adjustments to net earnings30,003 28,894 Adjusted net earnings69,629 58,388 180