Results
Banc of California Inc.
01/21/2026 | Press release | Distributed by Public on 01/21/2026 15:42
Regulation FD Presentation (Form 8-K)
Banc of California, Inc. Reports Fourth Quarter Diluted Earnings per Share of $0.42, Up 11% Quarter over Quarter; Full Year Diluted Earnings per Share of $1.17, Significant Growth Year over Year
Company Release - 1/21/2026
| Quarter Highlights | ||||||||||||||||||||
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$0.42
Earnings Per Share
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$19.56
Book Value Per Share
$17.51
Tangible Book Value
Per Share(1)
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15%
Loan Annualized Growth
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11%
Noninterest-bearing Deposits Annualized Growth
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LOS ANGELES, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) ("Banc of California" or the "Company"), the parent company of wholly-owned subsidiary Banc of California (the "Bank"), today reported financial results for the fourth quarter and year ended December 31, 2025. The Company reported net earnings available to common and equivalent stockholders of $67.4 million, or $0.42 per diluted common share, for the fourth quarter of 2025, compared to $59.7 million, or $0.38 per diluted common share for the third quarter of 2025. For the full year 2025, net earnings available to common and equivalent stockholders of $189.2 million, or $1.17 per diluted common share, compared to $87.1 million, or $0.52 per diluted common share for the full year 2024. On an adjusted basis, net earnings available to common and equivalent stockholders of $218.2 million, or $1.35 per diluted common share, compared to $135.4 million, or $0.80 per diluted common share for the full year 2024.(1)
Fourth Quarter and Full Year 2025 Financial Highlights:
•Total loans and leases of $25.2 billion increased by 15% for the quarter annualized and 6% year over year.
•Fourth quarter loan production and disbursements totaled $2.7 billion with a weighted average interest rate on production of 6.83%, and heavily concentrated toward the end of the quarter. Full year loan production and disbursements of $9.6 billion, up 31% year over year.
•Noninterest-bearing deposits of $7.8 billion increased by 11% annualized from 3Q25, representing 28% of total deposits.
•Net interest margin of 3.20% for the quarter, and 3.15% for the year reflecting a 30 basis point expansion year over year, driven by improved funding mix and lower deposit costs. Late fourth quarter loan production will have a full quarter benefit to net interest income in 1Q26.
•Total revenue of $292.9 million increased over 2% and pre-tax pre-provision income(1) of $112.3 million increased 10% from 3Q25 reflecting improved operating leverage.
•Noninterest expenses of $180.6 million decreased by $5.0 million from 3Q25 contributing to an efficiency ratio(1) decrease to 59.35% from 62.05% in 3Q25.
•Credit quality metrics stable with quarter-over-quarter reductions in nonperforming, criticized, and special mention loans and leases, as a percentage of total loans and leases held for investment, of 8 basis points, 24 basis points, and 27 basis points, respectively. On a year-over-year basis, there were reductions in nonperforming, criticized, and special mention loans and leases, as a percentage of total loans and leases held for investment, of 16 basis points, 195 basis points, and 278 basis points, respectively.
•Stable capital ratios(2) well above the regulatory thresholds for "well capitalized" banks, including an estimated 12.34% Tier 1 capital ratio and 10.01% CET 1 capital ratio and continued growth in book value per share to $19.56, up 2% vs 3Q25, and tangible book value per share(1) to $17.51, up 3% vs 3Q25.
(1)Non-GAAP measure; refer to section 'Non-GAAP Measures'
(2)Capital ratios for December 31, 2025 are preliminary
1
Jared Wolff, Chairman & CEO of Banc of California, commented, "Our fourth quarter results capped a year of strong execution, reflect the continued momentum of our core earnings engine, and validate our ongoing business strategy. During the quarter we delivered double-digit annualized loan and noninterest-bearing deposit growth, and achieved double-digit return on average tangible common equity, all while maintaining disciplined expense management and stable credit quality. These results underscore the strength of our franchise and our ability to consistently deliver profitable growth."
Mr. Wolff continued, "Throughout 2025, we made significant progress scaling our franchise, strengthening our balance sheet, and improving our core profitability drivers. We grew operating leverage, improved credit metrics, and delivered a meaningful increase in tangible book value per share while opportunistically returning capital to shareholders. As we look ahead into 2026, we believe we are well positioned to continue building on this momentum. Our fourth quarter loan growth came later in the quarter, which should provide a tailwind for the first quarter 2026. With our strong market position, talented teams, and continued execution, we expect 2026 to be another strong year for Banc of California."
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INCOME STATEMENT HIGHLIGHTS
| Three Months Ended | Year Ended | ||||||||||||||||||||||||||||
| December 31, | September 30, | December 31, | December 31, | ||||||||||||||||||||||||||
| Summary Income Statement | 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||||||
| Total interest income | $ | 416,948 | $ | 432,541 | $ | 424,519 | $ | 1,676,653 | $ | 1,812,705 | |||||||||||||||||||
| Total interest expense | 165,586 | 179,097 | 189,234 | 699,267 | 886,655 | ||||||||||||||||||||||||
| Net interest income | 251,362 | 253,444 | 235,285 | 977,386 | 926,050 | ||||||||||||||||||||||||
| Provision for credit losses | 12,500 | 9,700 | 12,801 | 70,600 | 42,801 | ||||||||||||||||||||||||
| Gain (loss) on sale of loans | 18 | (374) | 20 | (115) | 645 | ||||||||||||||||||||||||
| Loss on sale of securities | - | - | (454) | - | (60,400) | ||||||||||||||||||||||||
| Other noninterest income | 41,553 | 34,659 | 29,423 | 142,254 | 136,900 | ||||||||||||||||||||||||
| Total noninterest income | 41,571 | 34,285 | 28,989 | 142,139 | 77,145 | ||||||||||||||||||||||||
| Total revenue | 292,933 | 287,729 | 264,274 | 1,119,525 | 1,003,195 | ||||||||||||||||||||||||
| Acquisition, integration and | |||||||||||||||||||||||||||||
| reorganization costs | - | - | (1,023) | - | (14,183) | ||||||||||||||||||||||||
| Other noninterest expense | 180,644 | 185,684 | 182,393 | 735,850 | 805,923 | ||||||||||||||||||||||||
| Total noninterest expense | 180,644 | 185,684 | 181,370 | 735,850 | 791,740 | ||||||||||||||||||||||||
| Earnings before income taxes | 99,789 | 92,345 | 70,103 | 313,075 | 168,654 | ||||||||||||||||||||||||
| Income tax expense | 22,398 | 22,716 | 13,184 | 84,102 | 41,766 | ||||||||||||||||||||||||
| Net earnings | 77,391 | 69,629 | 56,919 | 228,973 | 126,888 | ||||||||||||||||||||||||
| Preferred stock dividends | 9,947 | 9,947 | 9,947 | 39,788 | 39,788 | ||||||||||||||||||||||||
| Net earnings available to common | |||||||||||||||||||||||||||||
| and equivalent stockholders | $ | 67,444 | $ | 59,682 | $ | 46,972 | $ | 189,185 | $ | 87,100 | |||||||||||||||||||
| Diluted earnings per share | $ | 0.42 | $ | 0.38 | $ | 0.28 | $ | 1.17 | $ | 0.52 | |||||||||||||||||||
Net Interest Income and Margin
Fourth Quarter of 2025 Compared to Third Quarter of 2025
Net interest income decreased by $2.1 million to $251.4 million for the fourth quarter from $253.4 million for the third quarter, attributable primarily to the following:
•A decrease of $13.5 million in interest income from loans due primarily to a lower average yield attributable to federal funds rate cuts of 25 basis points in September 2025 and 50 basis points in the fourth quarter and to lower net loan discount accretion.
•A decrease of $3.4 million in interest income from deposits in financial institutions driven mainly by lower interest rates and lower average balances.
This was offset partially by:
•A decrease of $13.2 million in interest expense on deposits due primarily to lower interest rates attributable to the federal funds rate cuts described above.
The net interest margin was 3.20% for the fourth quarter, down 2 basis points from 3.22% for the third quarter primarily driven by a lower average yield on interest-earning assets, offset partially by a lower average total cost of funds. The average yield on interest-earning assets decreased to 5.31% from 5.50%, as a result of a 22 basis point decrease in the average yield on loans and leases to 5.83%. The average total cost of funds decreased to 2.20% from 2.37%, as a result of a 19 basis point decrease in the average total cost of deposits to 1.89%, and a 2 basis points decrease in the average cost of borrowings to 4.74%.
Average total deposits decreased by $75.9 million, with a $202.0 million decrease in average interest-bearing deposits, offset partially by a $126.2 million increase in average noninterest-bearing deposits. Average noninterest-bearing deposits represented 28.7% of average total deposits in the fourth quarter, up from 28.2% in the third quarter.
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| Three Months Ended | Increase (Decrease) | |||||||||||||||||||||||||||||||
| December 31, 2025 | September 30, 2025 | QoQ | ||||||||||||||||||||||||||||||
| Summary | Interest | Average | Interest | Average | Average | |||||||||||||||||||||||||||
| Average Balance | Average | Income/ | Yield/ | Average | Income/ | Yield/ | Average | Yield/ | ||||||||||||||||||||||||
| and Yield/Cost Data | Balance | Expense | Cost | Balance | Expense | Cost | Balance | Cost | ||||||||||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||||||||||||||
| Assets: | ||||||||||||||||||||||||||||||||
|
Loans and leases(1)
|
$ | 24,443,089 | $ | 359,268 | 5.83 | % | $ | 24,458,255 | $ | 372,723 | 6.05 | % | $ | (15,166) | (0.22) | % | ||||||||||||||||
| Investment securities | 4,891,281 | 39,557 | 3.21 | % | 4,782,070 | 38,291 | 3.18 | % | 109,211 | 0.03 | % | |||||||||||||||||||||
| Deposits in financial institutions | 1,834,773 | 18,123 | 3.92 | % | 1,958,011 | 21,527 | 4.36 | % | (123,238) | (0.44) | % | |||||||||||||||||||||
| Total interest-earning assets | $ | 31,169,143 | $ | 416,948 | 5.31 | % | $ | 31,198,336 | $ | 432,541 | 5.50 | % | $ | (29,193) | (0.19) | % | ||||||||||||||||
| Liabilities: | ||||||||||||||||||||||||||||||||
| Noninterest-bearing demand | ||||||||||||||||||||||||||||||||
| deposits | $ | 7,809,326 | $ | 7,683,136 | $ | 126,190 | ||||||||||||||||||||||||||
| Total interest-bearing deposits | 19,406,865 | $ | 129,896 | 2.66 | % | 19,608,906 | $ | 143,074 | 2.89 | % | (202,041) | (0.23) | % | |||||||||||||||||||
| Total deposits | $ | 27,216,191 | 129,896 | 1.89 | % | $ | 27,292,042 | 143,074 | 2.08 | % | $ | (75,851) | (0.19) | % | ||||||||||||||||||
| Total interest-bearing liabilities | $ | 22,020,144 | $ | 165,586 | 2.98 | % | $ | 22,264,293 | $ | 179,097 | 3.19 | % | $ | (244,149) | (0.21) | % | ||||||||||||||||
|
Net interest income(1)
|
$ | 251,362 | $ | 253,444 | ||||||||||||||||||||||||||||
| Net interest margin | 3.20 | % | 3.22 | % | (0.02) | % | ||||||||||||||||||||||||||
|
Total funds(2)
|
$ | 29,829,470 | $ | 165,586 | 2.20 | % | $ | 29,947,429 | $ | 179,097 | 2.37 | % | $ | (117,959) | (0.17) | % | ||||||||||||||||
______________
(1) Includes net loan discount accretion of $12.7 million and $19.3 million for the three months ended December 31, 2025 and September 30, 2025.
(2) 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.
Full Year 2025 vs Full Year 2024
Net interest income increased by $51.3 million to $977.4 million for the year ended December 31, 2025 from $926.1 million for the year ended December 31, 2024 attributable primarily to the following:
•A decrease of $157.5 million in interest expense on deposits due primarily to lower interest paid on interest-bearing deposits as a result of deposit rate repricing driven by the federal funds rate cuts of 100 basis points in the second half of 2024 and 75 basis points in the second half of 2025 and lower average balances including the paydown of brokered deposits.
•A decrease of $25.6 million in interest expense on borrowings driven by lower average balances resulting from the payoff of higher-cost borrowings in 2024, which were partially replaced with lower-cost long-term FHLB advances and lower market interest rates.
•An increase of $12.5 million in interest income from investment securities reflecting the benefits from 2024 balance sheet repositioning actions and reinvestment in higher-yield securities.
This was offset partially by:
•A decrease of $87.4 million in interest income from deposits in financial institutions driven by lower balances, as we maintained a lower cash target level and lower market interest rates.
•A decrease of $61.1 million in interest income from loans due primarily to lower market interest rates reflective of federal funds rate cuts, lower average balances attributable mainly to our July 2024 sale of $1.95 billion of Civic loans, and by lower net loan discount accretion income.
The net interest margin was 3.15% for the year ended December 31, 2025, up 30 basis points from 2.85% for the year ended December 31, 2024. The year-over-year improvement was primarily driven by a 49 basis point decrease in the average total cost of funds to 2.35%, offset partially by an 18 basis point decrease in the average yield on interest-earning assets to 5.40%.
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The average total cost of funds decreased by 49 basis points to 2.35%, driven mainly by lower market interest rates. The average cost of deposits declined by 47 basis points to 2.05%, reflecting the impact of federal funds rate cuts in the second half of 2024 and second half of 2025. Average total deposits decreased by $1.2 billion year over year, including a $1.1 billion reduction in average interest-bearing deposits and a $132.0 million decrease in average noninterest-bearing deposits. Despite this decline, average noninterest-bearing deposits represented 28.3% of average total deposits for the year ended December 31, 2025, up from 27.5% for the comparable period in 2024. The average cost of borrowings also decreased by 76 basis points to 4.92%, reflecting the paydown of higher-cost borrowings in the prior year and their replacement with lower-cost long-term FHLB advances.
The average yield on interest-earning assets declined by 18 basis points to 5.40%, due primarily to an 18 basis point decline in the average yield on loans and leases.
| Year Ended | Increase (Decrease) | |||||||||||||||||||||||||||||||
| December 31, 2025 | December 31, 2024 | YoY | ||||||||||||||||||||||||||||||
| Summary | Interest | Average | Interest | Average | Average | |||||||||||||||||||||||||||
| Average Balance | Average | Income/ | Yield/ | Average | Income/ | Yield/ | Average | Yield/ | ||||||||||||||||||||||||
| and Yield/Cost Data | Balance | Expense | Cost | Balance | Expense | Cost | Balance | Cost | ||||||||||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||||||||||||||
| Assets: | ||||||||||||||||||||||||||||||||
|
Loans and leases(1)
|
$ | 24,300,808 | $ | 1,440,397 | 5.93 | % | $ | 24,569,650 | $ | 1,501,534 | 6.11 | % | $ | (268,842) | (0.18) | % | ||||||||||||||||
| Investment securities | 4,782,267 | 153,326 | 3.21 | % | 4,686,615 | 140,794 | 3.00 | % | 95,652 | 0.21 | % | |||||||||||||||||||||
| Deposits in financial institutions | 1,937,775 | 82,930 | 4.28 | % | 3,226,658 | 170,377 | 5.28 | % | (1,288,883) | (1.00) | % | |||||||||||||||||||||
| Total interest-earning assets | $ | 31,020,850 | $ | 1,676,653 | 5.40 | % | $ | 32,482,923 | $ | 1,812,705 | 5.58 | % | $ | (1,462,073) | (0.18) | % | ||||||||||||||||
| Liabilities: | ||||||||||||||||||||||||||||||||
| Noninterest-bearing demand | ||||||||||||||||||||||||||||||||
| deposits | $ | 7,698,015 | $ | 7,829,976 | $ | (131,961) | ||||||||||||||||||||||||||
| Total interest-bearing deposits | 19,486,610 | $ | 558,440 | 2.87 | % | 20,599,820 | $ | 715,984 | 3.48 | % | (1,113,210) | (0.61) | % | |||||||||||||||||||
| Total deposits | $ | 27,184,625 | 558,440 | 2.05 | % | $ | 28,429,796 | 715,984 | 2.52 | % | $ | (1,245,171) | (0.47) | % | ||||||||||||||||||
| Total interest-bearing liabilities | $ | 22,033,788 | $ | 699,267 | 3.17 | % | $ | 23,378,167 | $ | 886,655 | 3.79 | % | $ | (1,344,379) | (0.62) | % | ||||||||||||||||
|
Net interest income(1)
|
$ | 977,386 | $ | 926,050 | ||||||||||||||||||||||||||||
| Net interest margin | 3.15 | % | 2.85 | % | 0.30 | % | ||||||||||||||||||||||||||
|
Total funds(2)
|
$ | 29,731,803 | $ | 699,267 | 2.35 | % | $ | 31,208,143 | $ | 886,655 | 2.84 | % | $ | (1,476,340) | (0.49) | % | ||||||||||||||||
______________
(1) Includes net loan discount accretion of $64.2 million and $88.0 million for the year ended December 31, 2025 and 2024.
(2) 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.
Provision For Credit Losses
Fourth Quarter of 2025 Compared to Third Quarter of 2025
The provision for credit losses was $12.5 million for the fourth quarter compared to $9.7 million for the third quarter. The fourth quarter provision included a provision for loan losses of $7.8 million and a $4.7 million provision for unfunded loan commitments.
The fourth quarter provision for loan losses and unfunded loan commitments was primarily driven by changes in loan risk ratings including specific reserves, and higher loan balances and unfunded commitments, offset partially by lower qualitative reserves.
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The third quarter provision included an $8.7 million provision for loan losses and a $1.0 million provision for unfunded loan commitments.
The third quarter provision for loan losses and unfunded loan commitments reflected changes in loan risk ratings, new originations, changes in the macroeconomic outlook, and higher unfunded commitments, partially offset by net recoveries and a lower qualitative reserve driven by lower balances in commercial real estate loans secured by office properties.
Full Year 2025 vs Full Year 2024
The provision for credit losses was $70.6 million for the year ended December 31, 2025, compared to $42.8 million for the year ended December 31, 2024. The provision for 2025 included a provision for loan losses of $64.8 million and a provision for unfunded loan commitments of $5.9 million.
The provision for 2025 included $26.3 million related to loans transferred to HFS in the second quarter of 2025 in connection with a strategic loan sale. The remaining increase in the provision for loan losses and unfunded loan commitments was primarily driven by net charge-off activity experienced in the first half of the year, with additional impacts from changes in loan risk ratings, and higher unfunded commitments. These were offset partially by lower qualitative reserves, lower specific reserves, and a favorable shift in the portfolio mix due to growth in loan segments with lower expected credit losses.
The provision for loan losses and unfunded loan commitments for 2024 primarily included a $43.5 million provision for loan losses and a $0.5 million reversal of the provision for unfunded loan commitments. The provision for 2024 was driven mainly by net charge-off activity during the year.
Noninterest Income
Fourth Quarter of 2025 Compared to Third Quarter of 2025
Noninterest income increased by $7.3 million to $41.6 million for the fourth quarter from $34.3 million for the third quarter due mainly to a $6.1 million increase in leased equipment income and a $1.2 million increase in dividends and gains on equity investments. The increase in leased equipment income was due mainly to higher gains on early lease terminations. The increase in dividends and gains on equity investments was primarily related to higher fair value gains on Small Business Investment Company investments.
Full Year 2025 vs Full Year 2024
Noninterest income increased by $65.0 million to $142.1 million for the year ended December 31, 2025 from $77.1 million for the year ended December 31, 2024. The prior year period included a $59.9 million loss on the sale of $742 million of securities executed as part of a balance sheet repositioning initiative.
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Noninterest Expense
Fourth Quarter of 2025 Compared to Third Quarter of 2025
Noninterest expense decreased by $5.0 million to $180.6 million for the fourth quarter from $185.7 million for the third quarter due mainly to decreases of $3.0 million in compensation expense and $1.9 million in insurance and assessments expense. The compensation expense decrease was mainly driven by lower incentive and equity compensation and lower payroll taxes. Insurance and assessments expense declined primarily due to a lower FDIC quarterly assessment and adjustments related to the FDIC special assessment.
Full Year 2025 vs Full Year 2024
Noninterest expense decreased by $55.9 million to $735.9 million for the year ended December 31, 2025 due mainly to decreases of $38.0 million in insurance and assessments expense, $24.0 million in customer related expenses, and $7.4 million in occupancy expense, offset partially by $14.2 million in acquisition, integration and reorganization costs from 2024 that did not recur. Insurance and assessments expense decreased due primarily to incremental FDIC special assessments recorded in 2024, which reflected higher assessment rates. Customer related expense decreased due to lower earnings credit rate expenses, driven by the lower federal funds rate. Occupancy expense decreased as a result of cost savings from branch consolidations following the PacWest Bancorp merger. Acquisition, integration and reorganization costs of $14.2 million in 2024 reflected adjustments to the merger-related accruals, as actual expenses were lower than previously estimated.
Income Taxes
Fourth Quarter of 2025 Compared to Third Quarter of 2025
Income tax expense of $22.4 million was recorded for the fourth quarter resulting in an effective tax rate of 22.4% compared to income tax expense of $22.7 million and an effective tax rate of 24.6% for the third quarter.
Full Year 2025 vs Full Year 2024
Income tax expense of $84.1 million was recorded for the year ended December 31, 2025, resulting in an effective tax rate of 26.9% compared to income tax expense of $41.8 million and an effective tax rate of 24.8% for the comparable period in 2024. The higher 2025 effective tax rate was due primarily to a one-time
non-cash tax expense DTA revaluation recorded in the second quarter of 2025 related to the California state tax changes passed as part of the 2025 California budget enacted on June 30, 2025 and effective retroactively to January 1, 2025.
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BALANCE SHEET HIGHLIGHTS
| December 31, | September 30, | December 31, | Increase (Decrease) | ||||||||||||||||||||||||||
| Selected Balance Sheet Items | 2025 | 2025 | 2024 | QoQ | YoY | ||||||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||||||||
| Cash and cash equivalents | $ | 2,307,965 | $ | 2,398,265 | $ | 2,502,212 | $ | (90,300) | $ | (194,247) | |||||||||||||||||||
| Securities available-for-sale | 2,454,058 | 2,426,734 | 2,246,839 | 27,324 | 207,219 | ||||||||||||||||||||||||
| Securities held-to-maturity | 2,308,636 | 2,303,657 | 2,306,149 | 4,979 | 2,487 | ||||||||||||||||||||||||
| Loans held for sale | 182,936 | 211,454 | 26,331 | (28,518) | 156,605 | ||||||||||||||||||||||||
| Loans and leases held for investment | 25,032,679 | 24,110,642 | 23,781,663 | 922,037 | 1,251,016 | ||||||||||||||||||||||||
| Total loans and leases | 25,215,615 | 24,322,096 | 23,807,994 | 893,519 | 1,407,621 | ||||||||||||||||||||||||
| Total assets | 34,797,442 | 34,012,965 | 33,542,864 | 784,477 | 1,254,578 | ||||||||||||||||||||||||
| Noninterest-bearing deposits | $ | 7,822,787 | $ | 7,603,748 | $ | 7,719,913 | $ | 219,039 | $ | 102,874 | |||||||||||||||||||
| Total deposits | 27,843,357 | 27,184,765 | 27,191,909 | 658,592 | 651,448 | ||||||||||||||||||||||||
| Borrowings | 2,063,819 | 2,005,022 | 1,391,814 | 58,797 | 672,005 | ||||||||||||||||||||||||
| Total liabilities | 31,256,165 | 30,546,226 | 30,042,915 | 709,939 | 1,213,250 | ||||||||||||||||||||||||
| Total stockholders' equity | 3,541,277 | 3,466,739 | 3,499,949 | 74,538 | 41,328 | ||||||||||||||||||||||||
Securities
Securities available-for-sale ("AFS") increased by $27.3 million during the fourth quarter to $2.5 billion at December 31, 2025. The increase was primarily driven by $160.9 million of purchases and a $15.7 million increase in the fair value of AFS securities, offset partially by $118.6 million of principal paydowns, $29.3 million of maturities, and $1.4 million of net amortization. As of December 31, 2025, AFS securities had aggregate unrealized net after-tax losses in accumulated other comprehensive income (loss) ("AOCI") of $136.6 million, down from $147.9 million at September 30, 2025. AFS securities recorded lower unrealized net losses quarter over quarter, driven by a slight decline in interest rates, which positively impacted fair values.
The balance of securities held-to-maturity ("HTM") increased by $5.0 million in the fourth quarter to $2.3 billion at December 31, 2025. As of December 31, 2025, HTM securities had aggregate unrealized net after-tax losses in AOCI of $133.4 million remaining from the balance established at the time of transfer from AFS.
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Loans and Leases
The following table sets forth the composition, by loan category, of our loan and lease portfolio held for investment as of the dates indicated:
| December 31, | September 30, | June 30, | March 31, | December 31, | |||||||||||||||||||||||||
| 2025 | 2025 | 2025 | 2025 | 2024 | |||||||||||||||||||||||||
| (Dollars in thousands) | |||||||||||||||||||||||||||||
| Composition of Loans and Leases | |||||||||||||||||||||||||||||
| Real estate mortgage: | |||||||||||||||||||||||||||||
| Commercial | $ | 4,314,637 | $ | 4,292,625 | $ | 4,369,401 | $ | 4,489,543 | $ | 4,578,772 | |||||||||||||||||||
| Multi-family | 6,089,417 | 6,124,673 | 6,280,791 | 6,216,084 | 6,041,713 | ||||||||||||||||||||||||
| Other residential | 3,346,733 | 3,162,564 | 3,157,616 | 2,787,031 | 2,807,174 | ||||||||||||||||||||||||
| Total real estate mortgage | 13,750,787 | 13,579,862 | 13,807,808 | 13,492,658 | 13,427,659 | ||||||||||||||||||||||||
| Real estate construction and land: | |||||||||||||||||||||||||||||
| Commercial | 379,387 | 395,150 | 381,449 | 733,684 | 799,131 | ||||||||||||||||||||||||
| Residential | 1,568,240 | 1,759,676 | 1,920,642 | 2,127,354 | 2,373,162 | ||||||||||||||||||||||||
| Total real estate construction and land | 1,947,627 | 2,154,826 | 2,302,091 | 2,861,038 | 3,172,293 | ||||||||||||||||||||||||
| Total real estate | 15,698,414 | 15,734,688 | 16,109,899 | 16,353,696 | 16,599,952 | ||||||||||||||||||||||||
| Commercial: | |||||||||||||||||||||||||||||
| Asset-based | 2,951,010 | 2,742,519 | 2,462,351 | 2,305,325 | 2,087,969 | ||||||||||||||||||||||||
| Venture capital | 2,222,097 | 1,907,601 | 2,002,601 | 1,733,074 | 1,537,776 | ||||||||||||||||||||||||
| Other commercial | 3,804,099 | 3,356,537 | 3,288,305 | 3,340,400 | 3,153,084 | ||||||||||||||||||||||||
| Total commercial | 8,977,206 | 8,006,657 | 7,753,257 | 7,378,799 | 6,778,829 | ||||||||||||||||||||||||
| Consumer | 357,059 | 369,297 | 382,737 | 394,032 | 402,882 | ||||||||||||||||||||||||
| Total loans and leases held for | |||||||||||||||||||||||||||||
| investment | $ | 25,032,679 | $ | 24,110,642 | $ | 24,245,893 | $ | 24,126,527 | $ | 23,781,663 | |||||||||||||||||||
| Total unfunded loan commitments | $ | 5,433,357 | $ | 4,822,917 | $ | 4,673,596 | $ | 4,858,960 | $ | 4,887,690 | |||||||||||||||||||
| Composition as % of Total | |||||||||||||||||||||||||||||
| Loans and Leases | |||||||||||||||||||||||||||||
| Real estate mortgage: | |||||||||||||||||||||||||||||
| Commercial | 17 | % | 18 | % | 18 | % | 19 | % | 19 | % | |||||||||||||||||||
| Multi-family | 24 | % | 25 | % | 26 | % | 26 | % | 26 | % | |||||||||||||||||||
| Other residential | 14 | % | 13 | % | 13 | % | 11 | % | 12 | % | |||||||||||||||||||
| Total real estate mortgage | 55 | % | 56 | % | 57 | % | 56 | % | 57 | % | |||||||||||||||||||
| Real estate construction and land: | |||||||||||||||||||||||||||||
| Commercial | 2 | % | 2 | % | 1 | % | 3 | % | 3 | % | |||||||||||||||||||
| Residential | 6 | % | 7 | % | 8 | % | 9 | % | 10 | % | |||||||||||||||||||
| Total real estate construction and land | 8 | % | 9 | % | 9 | % | 12 | % | 13 | % | |||||||||||||||||||
| Total real estate | 63 | % | 65 | % | 66 | % | 68 | % | 70 | % | |||||||||||||||||||
| Commercial: | |||||||||||||||||||||||||||||
| Asset-based | 12 | % | 11 | % | 10 | % | 9 | % | 9 | % | |||||||||||||||||||
| Venture capital | 9 | % | 8 | % | 8 | % | 7 | % | 6 | % | |||||||||||||||||||
| Other commercial | 15 | % | 14 | % | 14 | % | 14 | % | 13 | % | |||||||||||||||||||
| Total commercial | 36 | % | 33 | % | 32 | % | 30 | % | 28 | % | |||||||||||||||||||
| Consumer | 1 | % | 2 | % | 2 | % | 2 | % | 2 | % | |||||||||||||||||||
| Total loans and leases held for | |||||||||||||||||||||||||||||
| investment | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | |||||||||||||||||||
9
Total loans and leases held for investment increased by $922.0 million in the fourth quarter and totaled $25.0 billion at December 31, 2025. The increase in loans and leases held for investment was due primarily to increased balances in other commercial loans, venture capital loans, asset-based loans, and other residential real estate mortgage loans, offset partially by a decrease in residential real estate construction and land loans. Loan production and disbursements totaled $2.7 billion in the fourth quarter with a weighted average interest rate on production of 6.83%.
Total loans and leases held for sale decreased by $28.5 million in the fourth quarter and totaled $182.9 million at December 31, 2025. The decrease in loans held for sale was primarily driven by loan payoffs, transfers to foreclosed assets, and the sale of loans that had been transferred to held for sale during the third quarter.
Credit Quality
| December 31, | September 30, | June 30, | March 31, | December 31, | |||||||||||||||||||||||||
| Asset Quality Information and Ratios | 2025 | 2025 | 2025 | 2025 | 2024 | ||||||||||||||||||||||||
| (Dollars in thousands) | |||||||||||||||||||||||||||||
| Delinquent loans and leases held for | |||||||||||||||||||||||||||||
| investment: | |||||||||||||||||||||||||||||
| 30 to 89 days delinquent | $ | 108,303 | $ | 56,416 | $ | 53,900 | $ | 100,664 | $ | 91,347 | |||||||||||||||||||
| 90+ days delinquent | 92,655 | 104,952 | 95,566 | 99,976 | 88,846 | ||||||||||||||||||||||||
| Total delinquent loans and leases | $ | 200,958 | $ | 161,368 | $ | 149,466 | $ | 200,640 | $ | 180,193 | |||||||||||||||||||
| Total delinquent loans and leases to | |||||||||||||||||||||||||||||
| loans and leases held for investment | 0.80 | % | 0.67 | % | 0.62 | % | 0.83 | % | 0.76 | % | |||||||||||||||||||
| Nonperforming assets, excluding loans | |||||||||||||||||||||||||||||
| held for sale: | |||||||||||||||||||||||||||||
| Nonaccrual loans and leases | $ | 159,168 | $ | 174,541 | $ | 167,516 | $ | 213,480 | $ | 189,605 | |||||||||||||||||||
| 90+ days delinquent loans and still | |||||||||||||||||||||||||||||
| accruing | - | - | - | - | - | ||||||||||||||||||||||||
| Total nonperforming loans and | |||||||||||||||||||||||||||||
| leases ("NPLs") | 159,168 | 174,541 | 167,516 | 213,480 | 189,605 | ||||||||||||||||||||||||
| Foreclosed assets, net | 17,115 | 4,790 | 7,806 | 5,474 | 9,734 | ||||||||||||||||||||||||
| Total nonperforming assets ("NPAs") | $ | 176,283 | $ | 179,331 | $ | 175,322 | $ | 218,954 | $ | 199,339 | |||||||||||||||||||
| Classified loans and leases held for | |||||||||||||||||||||||||||||
| investment | $ | 800,330 | $ | 763,582 | $ | 656,556 | $ | 764,723 | $ | 563,502 | |||||||||||||||||||
| Special mention loans and leases held for | |||||||||||||||||||||||||||||
| investment | 458,683 | 505,979 | 661,568 | 937,014 | 1,097,315 | ||||||||||||||||||||||||
| Criticized loans and leases held for | |||||||||||||||||||||||||||||
| investment | $ | 1,259,013 | $ | 1,269,561 | $ | 1,318,124 | $ | 1,701,737 | $ | 1,660,817 | |||||||||||||||||||
| Allowance for loan and lease losses | $ | 245,612 | $ | 240,501 | $ | 229,344 | $ | 234,986 | $ | 239,360 | |||||||||||||||||||
| Allowance for loan and lease losses | |||||||||||||||||||||||||||||
| to NPLs | 154.31 | % | 137.79 | % | 136.91 | % | 110.07 | % | 126.24 | % | |||||||||||||||||||
| NPLs to loans and leases held for | |||||||||||||||||||||||||||||
| investment | 0.64 | % | 0.72 | % | 0.69 | % | 0.88 | % | 0.80 | % | |||||||||||||||||||
| NPAs to total assets | 0.51 | % | 0.53 | % | 0.51 | % | 0.65 | % | 0.59 | % | |||||||||||||||||||
| Classified loans and leases to loans | |||||||||||||||||||||||||||||
| and leases held for investment | 3.20 | % | 3.17 | % | 2.71 | % | 3.17 | % | 2.37 | % | |||||||||||||||||||
| Special mention loans and leases to loans | |||||||||||||||||||||||||||||
| and leases held for investment | 1.83 | % | 2.10 | % | 2.73 | % | 3.88 | % | 4.61 | % | |||||||||||||||||||
10
The overall quality of our loan portfolio remains strong, supported by disciplined underwriting, borrower strength, and robust credit metrics. Credit quality metrics remained stable in the fourth quarter, with reductions in nonperforming, criticized, and special mention loans and leases, as a percentage of total loans and leases held for investment, of 8 basis points, 24 basis points, and 27 basis points, respectively, during the fourth quarter to 0.64%, 5.03%, and 1.83% at December 31, 2025, respectively.
At December 31, 2025, total delinquent loans and leases were $201.0 million, compared to $161.4 million at September 30, 2025. The $39.6 million increase in total delinquent loans was driven by higher balances in the 30 to 89 days delinquent category offset partially by lower balances in the 90 or more days delinquent category. The 30 to 89 days delinquent category increased by $32.9 million in multi-family real estate mortgage loans and $26.5 million in residential real estate construction and land loans, offset partially by a decrease of $11.7 million in other residential real estate mortgage loans. In the 90 or more days delinquent category, there were decreases of $9.9 million in other residential real estate mortgage loans and $4.7 million in commercial real estate mortgage loans. Total delinquent loans and leases as a percentage of loans and leases held for investment increased to 0.80% at December 31, 2025 from 0.67% at September 30, 2025.
At December 31, 2025, nonperforming loans and leases were $159.2 million, compared to $174.5 million at September 30, 2025. During the fourth quarter, nonperforming loans and leases decreased by $15.4 million due to payoffs and paydowns of $21.3 million, transfers to accrual status of $4.5 million, and charge-offs of $3.5 million, offset partially by additions of $13.9 million.
Nonperforming loans and leases as a percentage of loans and leases held for investment decreased to 0.64% at December 31, 2025 from 0.72% at September 30, 2025.
At December 31, 2025, nonperforming assets were $176.3 million, or 0.51% of total assets, compared to $179.3 million, or 0.53% of total assets, as of September 30, 2025. At December 31, 2025, nonperforming assets included $17.1 million of foreclosed assets, consisting primarily of single-family residences.
11
Allowance for Credit Losses - Loans
| Three Months Ended | Year Ended | ||||||||||||||||||||||||||||
| December 31, | September 30, | December 31, | December 31, | ||||||||||||||||||||||||||
| Allowance for Credit Losses - Loans | 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||||||
| (Dollars in thousands) | |||||||||||||||||||||||||||||
| Allowance for loan and lease losses | |||||||||||||||||||||||||||||
| ("ALLL"): | |||||||||||||||||||||||||||||
| Balance at beginning of period | $ | 240,501 | $ | 229,344 | $ | 254,345 | $ | 239,360 | $ | 281,687 | |||||||||||||||||||
| Charge-offs | (5,541) | (6,465) | (27,696) | (75,505) | (94,943) | ||||||||||||||||||||||||
| Recoveries | 2,852 | 8,922 | 1,211 | 16,977 | 9,116 | ||||||||||||||||||||||||
| Net (charge-offs) recoveries | (2,689) | 2,457 | (26,485) | (58,528) | (85,827) | ||||||||||||||||||||||||
| Provision for loan losses | 7,800 | 8,700 | 11,500 | 64,780 | 43,500 | ||||||||||||||||||||||||
| Balance at end of period | $ | 245,612 | $ | 240,501 | $ | 239,360 | $ | 245,612 | $ | 239,360 | |||||||||||||||||||
| Reserve for unfunded loan | |||||||||||||||||||||||||||||
| commitments ("RUC"): | |||||||||||||||||||||||||||||
| Balance at beginning of period | $ | 30,221 | $ | 29,221 | $ | 27,571 | $ | 29,071 | $ | 29,571 | |||||||||||||||||||
| Provision for credit losses | 4,700 | 1,000 | 1,500 | 5,850 | (500) | ||||||||||||||||||||||||
| Balance at end of period | $ | 34,921 | $ | 30,221 | $ | 29,071 | $ | 34,921 | $ | 29,071 | |||||||||||||||||||
| Allowance for credit losses ("ACL") - | |||||||||||||||||||||||||||||
| Loans: | |||||||||||||||||||||||||||||
| Balance at beginning of period | $ | 270,722 | $ | 258,565 | $ | 281,916 | $ | 268,431 | $ | 311,258 | |||||||||||||||||||
| Charge-offs | (5,541) | (6,465) | (27,696) | (75,505) | (94,943) | ||||||||||||||||||||||||
| Recoveries | 2,852 | 8,922 | 1,211 | 16,977 | 9,116 | ||||||||||||||||||||||||
| Net (charge-offs) recoveries | (2,689) | 2,457 | (26,485) | (58,528) | (85,827) | ||||||||||||||||||||||||
| Provision for credit losses | 12,500 | 9,700 | 13,000 | 70,630 | 43,000 | ||||||||||||||||||||||||
| Balance at end of period | $ | 280,533 | $ | 270,722 | $ | 268,431 | $ | 280,533 | $ | 268,431 | |||||||||||||||||||
| ALLL to loans and leases held for | |||||||||||||||||||||||||||||
| investment | 0.98 | % | 1.00 | % | 1.01 | % | 0.98 | % | 1.01 | % | |||||||||||||||||||
| ACL to loans and leases held for | |||||||||||||||||||||||||||||
| investment | 1.12 | % | 1.12 | % | 1.13 | % | 1.12 | % | 1.13 | % | |||||||||||||||||||
| ACL to NPLs | 176.25 | % | 155.11 | % | 141.57 | % | 176.25 | % | 141.57 | % | |||||||||||||||||||
| ACL to NPAs | 159.14 | % | 150.96 | % | 134.66 | % | 159.14 | % | 134.66 | % | |||||||||||||||||||
| Annualized net charge-offs (recoveries) | |||||||||||||||||||||||||||||
| to average loans and leases | 0.04 | % | (0.04) | % | 0.45 | % | 0.24 | % | 0.35 | % | |||||||||||||||||||
The allowance for credit losses - loans, which includes the reserve for unfunded loan commitments, totaled $280.5 million, or 1.12% of total loans and leases, at December 31, 2025, compared to $270.7 million, or 1.12% of total loans and leases, at September 30, 2025. The $9.8 million increase in the allowance was driven by a $12.5 million provision, offset partially by net charge-offs of $2.7 million.
12
Our ability to absorb credit losses is also bolstered by (i) $108.4 million of loss coverage from the credit-linked notes, pursuant to which the bank sold the first 5% of any losses on $2.2 billion of single-family residential mortgage loans in our portfolio; and (ii) unearned credit marks of $15.9 million on approximately $1.3 billion of purchased loans without credit deterioration. When the loss coverage from the credit-linked notes and unearned credit marks is added to our allowance for credit losses, this provides additional economic coverage on top of our ACL ratio. We refer to this adjusted ACL ratio as our economic coverage ratio(1), which equaled 1.62% of total loans and leases at December 31, 2025 compared to 1.65% at September 30, 2025.
The ACL coverage of nonperforming loans and leases was 176% at December 31, 2025 compared to 155% at September 30, 2025.
Net charge-offs were 0.04% of average loans and leases (annualized) for the fourth quarter, compared to net recoveries of 0.04% for the third quarter.
(1) Non-GAAP measure; refer to section 'Non-GAAP Measures'
Deposits and Client Investment Funds
The following table sets forth the composition of our deposits at the dates indicated:
| December 31, | September 30, | June 30, | March 31, | December 31, | |||||||||||||||||||||||||
| 2025 | 2025 | 2025 | 2025 | 2024 | |||||||||||||||||||||||||
| (Dollars in thousands) | |||||||||||||||||||||||||||||
| Composition of Deposits | |||||||||||||||||||||||||||||
| Noninterest-bearing checking | $ | 7,822,787 | $ | 7,603,748 | $ | 7,441,116 | $ | 7,593,950 | $ | 7,719,913 | |||||||||||||||||||
| Interest-bearing: | |||||||||||||||||||||||||||||
| Checking | 8,509,587 | 7,930,951 | 7,974,452 | 7,747,051 | 7,610,705 | ||||||||||||||||||||||||
| Money market | 4,917,857 | 4,974,177 | 5,375,080 | 5,367,788 | 5,361,635 | ||||||||||||||||||||||||
| Savings | 1,905,863 | 1,949,369 | 1,932,906 | 1,999,062 | 1,933,232 | ||||||||||||||||||||||||
| Time deposits: | |||||||||||||||||||||||||||||
| Non-brokered | 2,254,293 | 2,468,017 | 2,492,890 | 2,490,639 | 2,488,217 | ||||||||||||||||||||||||
| Brokered | 2,432,970 | 2,258,503 | 2,311,989 | 1,994,701 | 2,078,207 | ||||||||||||||||||||||||
| Total time deposits | 4,687,263 | 4,726,520 | 4,804,879 | 4,485,340 | 4,566,424 | ||||||||||||||||||||||||
| Total interest-bearing | 20,020,570 | 19,581,017 | 20,087,317 | 19,599,241 | 19,471,996 | ||||||||||||||||||||||||
| Total deposits | $ | 27,843,357 | $ | 27,184,765 | $ | 27,528,433 | $ | 27,193,191 | $ | 27,191,909 | |||||||||||||||||||
| Composition as % of | |||||||||||||||||||||||||||||
| Total Deposits | |||||||||||||||||||||||||||||
| Noninterest-bearing checking | 28 | % | 28 | % | 27 | % | 28 | % | 28 | % | |||||||||||||||||||
| Interest-bearing: | |||||||||||||||||||||||||||||
| Checking | 30 | % | 29 | % | 29 | % | 29 | % | 28 | % | |||||||||||||||||||
| Money market | 18 | % | 19 | % | 20 | % | 20 | % | 20 | % | |||||||||||||||||||
| Savings | 7 | % | 7 | % | 7 | % | 7 | % | 7 | % | |||||||||||||||||||
| Time deposits: | |||||||||||||||||||||||||||||
| Non-brokered | 8 | % | 9 | % | 9 | % | 9 | % | 9 | % | |||||||||||||||||||
| Brokered | 9 | % | 8 | % | 8 | % | 7 | % | 8 | % | |||||||||||||||||||
| Total time deposits | 17 | % | 17 | % | 17 | % | 16 | % | 17 | % | |||||||||||||||||||
| Total interest-bearing | 72 | % | 72 | % | 73 | % | 72 | % | 72 | % | |||||||||||||||||||
| Total deposits | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | |||||||||||||||||||
13
Total deposits increased by $658.6 million to $27.8 billion at December 31, 2025 from $27.2 billion at September 30, 2025, driven by an increase in interest-bearing deposits of $439.6 million and an increase in noninterest-bearing deposits of $219.0 million. Interest-bearing deposits increased due mainly to higher balances in checking accounts of $578.6 million, offset partially by lower money market accounts of $56.3 million, lower savings accounts of $43.5 million, and lower brokered and non-brokered time deposits of $39.3 million.
At December 31, 2025, noninterest-bearing checking deposits totaled $7.8 billion, or 28% of total deposits, compared to $7.6 billion, or 28% of total deposits, at September 30, 2025.
At December 31, 2025, uninsured and uncollateralized deposits totaled $7.7 billion, or 28% of total deposits, compared to $7.6 billion, or 28% of total deposits, at September 30, 2025.
In addition to deposit products, we also offer alternative, non-depository corporate treasury solutions for select clients to invest excess liquidity. These off-balance sheet client funds totaled $1.2 billion as of December 31, 2025, compared to $1.1 billion as of September 30, 2025.
Borrowings
Borrowings increased by $58.8 million to $2.1 billion at December 31, 2025 from $2.0 billion at September 30, 2025, mainly due to higher overnight and short-term borrowings.
Equity
During the fourth quarter, total stockholders' equity increased by $74.5 million to $3.5 billion and tangible common equity(1) increased by $81.2 million to $2.7 billion at December 31, 2025. The increase in total stockholders' equity for the fourth quarter resulted primarily from net earnings of $77.4 million.
At December 31, 2025, book value per common share increased to $19.56 compared to $19.09 at September 30, 2025, and tangible book value per common share(1) increased to $17.51 compared to $16.99 at September 30, 2025.
For the year ended December 31, 2025, repurchases of Company common and common equivalent stock under the Company's stock repurchase program totaled 13,648,429 shares at a weighted average price per share of $13.59, or $185.5 million in the aggregate. As of December 31, 2025, the Company had $114.5 million remaining under the current stock repurchase authorization.
(1) Non-GAAP measure; refer to section 'Non-GAAP Measures'
•
14
CAPITAL AND LIQUIDITY
The following table sets forth our regulatory capital ratios as of the dates indicated:
| December 31, | September 30, | June 30, | March 31, | December 31, | |||||||||||||||||||||||||
| 2025 | 2025 | 2025 | 2025 | 2024 | |||||||||||||||||||||||||
|
Capital Ratios(1)
|
|||||||||||||||||||||||||||||
| Banc of California, Inc. | |||||||||||||||||||||||||||||
| Total risk-based capital ratio | 16.31 | % | 16.69 | % | 16.37 | % | 16.93 | % | 17.05 | % | |||||||||||||||||||
| Tier 1 risk-based capital ratio | 12.34 | % | 12.56 | % | 12.34 | % | 12.86 | % | 12.97 | % | |||||||||||||||||||
| Common equity tier 1 capital ratio | 10.01 | % | 10.14 | % | 9.95 | % | 10.45 | % | 10.55 | % | |||||||||||||||||||
| Tier 1 leverage ratio | 9.99 | % | 9.77 | % | 9.74 | % | 10.19 | % | 10.15 | % | |||||||||||||||||||
| Banc of California | |||||||||||||||||||||||||||||
| Total risk-based capital ratio | 15.61 | % | 15.94 | % | 15.65 | % | 16.22 | % | 16.65 | % | |||||||||||||||||||
| Tier 1 risk-based capital ratio | 13.15 | % | 13.42 | % | 13.21 | % | 13.74 | % | 14.17 | % | |||||||||||||||||||
| Common equity tier 1 capital ratio | 13.15 | % | 13.42 | % | 13.21 | % | 13.74 | % | 14.17 | % | |||||||||||||||||||
| Tier 1 leverage ratio | 10.65 | % | 10.44 | % | 10.42 | % | 10.88 | % | 11.08 | % | |||||||||||||||||||
______________
(1) December 31, 2025 capital ratios are preliminary.
At December 31, 2025, cash and cash equivalents totaled $2.3 billion, down $90.3 million from September 30, 2025.
Our immediately available cash and cash equivalents (excluding restricted cash) were $2.1 billion. Combined with total available borrowing capacity of $9.8 billion and unpledged AFS securities of $2.3 billion, total available liquidity was $14.2 billion at the end of the fourth quarter.
15
Conference Call
The Company will host a conference call to discuss its fourth quarter and full year 2025 financial results at 10:00 a.m. Pacific Time (PT) on Thursday, January 22, 2026. Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 0299940. A live audio webcast will also be available, and the webcast link will be posted on the Company's Investor Relations website at www.bancofcal.com/investor. The slide presentation for the call will also be available on the Company's Investor Relations website prior to the call. A replay of the call will be made available approximately one hour after the call has ended on the Company's Investor Relations website at www.bancofcal.com/investor or by dialing (855) 669-9658 and referencing event code 3936449.
About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $34 billion in assets and the parent company of Banc of California. Banc of California is one of the nation's premier relationship-based business banks, providing banking and treasury management services to small-, middle-market, and venture-backed businesses. Banc of California is the largest independent bank headquartered in Los Angeles and the third largest bank headquartered in California and offers a broad range of loan and deposit products and services through 79 full-service branches located throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The bank also provides full-service payment processing solutions to its clients and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The bank is committed to its local communities through the Banc of California Charitable Foundation, and by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more. Member FDIC. For more information, please visit us at www.bancofcal.com.
Banc of California Inc. published this content on January 21, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on January 21, 2026 at 21:42 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]