Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 147

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 147
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 dividends9,947 9,947 19,894 19,894 Adjusted net earnings available to common and equivalent stockholders for ROATCE$23,942 $49,978 $73,067 $54,288 Average stockholders' equity$3,430,143 $3,524,181 $3,476,902 $3,392,941 Less:Average goodwill and intangible assets337,352 344,610 340,961 356,807 Less:Average preferred stock 498,516 498,516 498,516 498,516 Average tangible common equity$2,594,275 $2,681,055 $2,637,425 $2,537,618 Return on average equity (2)3.32 %6.16 %4.75 %3.63 %Return on average tangible common equity (3)3.70 %7.56 %5.59 %4.30 %

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(1)     Effective tax rates of 23.12% and 25.30% used for the three months ended June 30, 2025 and March 31, 2025. Effective tax rates of 23.12% and 28.62% used for the six months ended June 30, 2025 and 2024.

(2)     Annualized net earnings divided by average stockholders' equity.

(3)     Annualized adjusted net earnings available to common and equivalent stockholders for ROATCE divided by average tangible common equity.

77

Tangible Common Equity andJune 30,December 31,Tangible Book Value Per Common Share20252024(Dollars in thousands, except per share data)Stockholders’ equity$3,426,843 $3,499,949 Less: Preferred stock 498,516 498,516 Total common equity2,928,327 3,001,433 Less: Goodwill and intangible assets333,451 347,465 Tangible common equity$2,594,876 $2,653,968 Book value per common share (1)$18.58 $17.78 Tangible book value per common share (2)$16.46 $15.72 Common and equivalent shares outstanding (3)157,647,137 168,825,