Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 0

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 0
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#### SCHEDULE 14A INFORMATION
<div align='center'>Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

(Amendment No. )</div>

Filed by the Registrant ☒

Filed by a party other than the Registrant ☐

Check the appropriate box:

| ☐Preliminary Proxy Statement                                                     |
| ☐Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
| ☒   Definitive Proxy Statement                                                   |
| ☐Definitive Additional Materials                                                 |
| ☐Soliciting Material under§240.14a-12                                            |

#### BANC OF CALIFORNIA, INC.
<div align='center'>(Name of Registrant as Specified In Its Charter)</div>

#### N/A
<div align='center'>(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</div>

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March 27, 2025

Dear Fellow Stockholder:

Banc of California had a remarkable year in 2024. We successfully executed on our strategic priorities and significantly transformed the Company following the merger with PacWest Bancorp, which closed on November 30, 2023. As a result of our strategic actions, we significantly improved our margin, deposit mix, operational efficiency, overall balance sheet strength, and capital levels. Furthermore, against a backdrop of generally sluggish growth for the industry, our talented bankers continued to expand existing client relationships and bring in new relationships.

In addition to the integration of our core systems and people into our combined organization, our transformative efforts in 2024 included:

• Selling $2 billion of non-core Civic loans.

• Repositioning $0.7 billion of lower-yielding investment securities to improve yield.

• Increasing noninterest-bearing deposits as a percentage of total deposits from 23% to 29%.

• Reducing wholesale funding, resulting in our ratio dropping to 10.3%.

• Increasing C&I loans as a percentage of our total core loan portfolio by 450 bps to 30.1%, while maintaining disciplined underwriting and pricing criteria.

• Significantly expanding our net interest margin