Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 16

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 16
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4,567,443 138,391 4.05 %6,073,993 218,740 4.81 %Total interest‑bearing deposits19,513,486 428,544 2.94 %21,048,955 561,899 3.57 %Borrowings1,578,462 58,903 4.99 %1,986,468 85,405 5.74 %Subordinated debt946,441 46,234 6.53 %938,624 50,117 7.13 %Total interest‑bearing liabilities22,038,389 533,681 3.24 %23,974,047 697,421 3.89 %Noninterest‑bearing demand deposits7,660,504 7,804,534 Other liabilities474,038 736,739 Total liabilities30,172,931 32,515,320 Stockholders’ equity3,463,568 3,412,964 Total liabilities and stockholders' equity$33,636,499 $35,928,284 Net interest income $726,024 $690,765 Net interest rate spread 2.20 %1.72 %Net interest margin 3.13 %2.79 %Total deposits (2)$27,173,990 $428,544 2.11 %$28,853,489 $561,899 2.60 %Total funds (3)$29,698,893 $533,681 2.40 %$31,778,581 $697,421 2.93 %

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(1)    Total loans are net of deferred fees, related direct costs, and premiums and discounts, but exclude the allowance for loan losses. Includes net loan discount accretion of $51.5 million and $67.3 million for the nine months ended September 30, 2025 and 2024.

(2)    Total deposits is the sum of interest-bearing deposits and noninterest-bearing demand deposits. The cost of total deposits is calculated as annualized interest expense on total deposits divided by average total deposits. 

(3)    Total funds is the sum of total interest-bearing liabilities and noninterest-bearing demand deposits. The cost of total funds is calculated as annualized total interest expense divided by average total funds.

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