Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 12

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 12
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 credit losses(9,700)(39,100)(58,100)(30,000)Noninterest income 34,285 32,633 100,568 48,156 Operating expense(185,684)(185,869)(555,206)(623,530)Acquisition, integration and reorganization costs— — — 13,160 Earnings before income taxes92,345 47,880 213,286 98,551 Income tax expense  (22,716)(19,495)(61,704)(28,582)Net earnings  69,629 28,385 151,582 69,969 Preferred stock dividends(9,947)(9,947)(29,841)(29,841)Net earnings available tocommon and equivalent stockholders$59,682 $18,438 $121,741 $40,128 Per Common Share Data:Diluted earnings per share (1)$0.38 $0.12 $0.75 $0.24 Adjusted diluted earnings per share (1)(2)$0.38 $0.31 $0.93 $0.47 Book value per share(1)$19.09 $18.58 Tangible book value per share (1)(2)$16.99 $16.46 Performance Ratios:Return on average assets (3)0.82 %0.34 %0.60 %0.26 %Return on average tangible common equity (2)(3)9.87 %3.70 %6.99 %3.13 %Net interest margin (3)3.22 %3.10 %3.13 %2.79 %Yield on average loans and leases (3)6.05 %5.93 %5.96 %6.14 %Cost of average total deposits (3)2.08 %2.13 %2.11 %2.60 %Noninterest expense to average total assets (3)2.18 %2.21 %2.21 %2.27 %Noninterest expense to total revenue (4)64.53 %68.12 %67.17 %82.60 %Efficiency ratio (2)(5)62.05 %65.50 %64.57 %