Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 8

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 8
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2)$16.99 $15.72 Common and equivalent shares outstanding (3)155,522,693 168,825,656 

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(1)    Total common equity divided by common and equivalent shares outstanding.

(2)    Tangible common equity divided by common and equivalent shares outstanding.

(3)    Common and equivalent shares outstanding include non-voting common stock equivalents that are participating securities.

Three Months EndedNine Months EndedSeptember 30,June 30,September 30,Efficiency Ratio2025202520252024(Dollars in thousands)Noninterest expense (1)$185,684 $185,869 $555,206 $610,370 Less: Intangible asset amortization(7,160)(7,159)(21,479)(25,373)Less: Acquisition, integration, 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 ROAA