Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 11

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 11
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 and March 31, 2024, respectively.

70

Net Interest Income and Net Interest Margin

The following tables summarize the distribution of average assets, liabilities, and stockholders’ equity, as well as interest income and yields earned on average interest-earning assets and interest expense and rates paid on average interest-bearing liabilities, presented on a tax equivalent basis, for the periods indicated:

Three Months EndedMarch 31, 2025December 31, 2024March 31, 2024InterestYieldsInterestYieldsInterestYieldsAverageIncome/andAverageIncome/andAverageIncome/andBalanceExpenseRatesBalanceExpenseRatesBalanceExpenseRates(Dollars in thousands)ASSETS:Loans and leases (1)$23,788,647 $346,103 5.90 %$23,649,271 $357,303 6.01 %$25,518,590 $385,465 6.08 %Investment securities 4,734,037 37,862 3.24 %4,700,742 37,743 3.19 %4,721,556 34,303 2.92 %Deposits in financial institutions2,088,139 22,690 4.41 %2,474,732 29,473 4.74 %4,374,968 58,936 5.42 %Total interest‑earning assets 30,610,823 406,655 5.39 %30,824,745 424,519 5.48 %34,615,114 478,704 5.56 %Other assets2,697,562 2,737,283 2,925,593 Total assets$33,308,385 $33,562,028 $37,540,707 LIABILITIES AND STOCKHOLDERS’ EQUITY:Interest checking $7,343,451 47,879 2.64 %$7,659,320 56,408 2.93 %$7,883,177 61,549 3.14 %Money market 5,415,716 33,003 2.47 %5,003,118 31,688 2.52 %5,737,837 41,351 2.90 %Savings 1,948,649 12,