BANC OF CALIFORNIA, INC.

Listed Company

BANCCIK 0001169770NYSELarge AcceleratedNational Commercial BanksMarylandFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$228.97M

Total Assets

$34.80B

Equity

$3.54B

Shares Out

149.96M

Op. Cash Flow

$255.60M

Business

Banc of California, Inc. serves as a bank holding company for Banc of California and provides commercial banking and related financial services. The Company offers a broad range of loan and deposit products, treasury and cash management, payment processing via Deepstack, card issuing, corporate payments, and investment advisory services through BAM, plus a technology platform for community association management. The Bank is organized into Commercial & Community Banking, Specialty Banking, Deposit Services, and Payment Solutions business groups. It distributes products through a branch network in California, offices in Denver and Durham, regional offices nationwide, and digital channels.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans and leases	1,440	1,502	1,496	1,313	996
Investment securities	153	141	175	210	153
Deposits in financial institutions	83	170	300	34	9
Total interest income	1,677	1,813	1,971	1,556	1,159
Deposits	558	716	748	200	28
Borrowings	79	104	417	26	623,000
Subordinated debt	62	66	59	40	26
Total interest expense	699	887	1,224	—	—
Net interest income	977	926	747	1,291	1,104
Provision for credit losses	71	43	52	25	—
Net interest income after provision for credit losses	907	883	695	1,266	1,266
Other commissions and fees	39	33	38	44	42
Leased equipment income	48	51	63	51	46
Service charges on deposit accounts	19	19	16	14	13
(Loss) gain on sale of loans and leases	−115,000	645,000	−161	518,000	2
Loss on sale of securities	0	−60	−442	−50	2
Dividends and gains on equity investments	8	8	16	−3	23
Warrant income (loss)	2	408,000	−718,000	2	49
LOCOM HFS Adjustment	−9,000	215,000	−8	0	0
Other income	27	25	31	17	17
Total noninterest income (loss)	142	77	−448	75	194
Compensation	350	341	332	407	368
Occupancy	61	68	62	61	58
Leased equipment depreciation	26	29	34	36	36
Insurance and assessments	33	71	136	25	17
Other professional services	23	21	25	30	21
Customer related expense	105	129	124	55	21
Intangible asset amortization	28	33	11	14	13
Loan expense	16	17	20	25	17
Acquisition, integration and reorganization costs	0	−14	143	6	9
Goodwill impairment	0	0	1,377	29	0
Other expense	38	35	142	40	46
Total noninterest expense	736	792	2,458	774	637
Earnings (loss) before income taxes	313	169	−2,211	568	822
Income tax expense (benefit)	−84	−42	312	−144	−215
Net earnings (loss)	229	127	−1,899	424	607
Basic income per share (usd per share)	1.18	0.52	−22.71	5.14	7.76
Diluted income per share (usd per share)	1.17	0.52	−22.71	5.14	7.76
Preferred Stock Dividends, Income Statement Impact	40	40	40	19	0
Net Income (Loss) Available to Common Stockholders, Diluted	189	87	−1,939	404	607
Net Income (Loss) Available to Common Stockholders, Basic	189	87	−1,939	404	607
Information Technology and Data Processing	55	60	52	46	30

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	181	192	202	212	—
Interest-earning deposits in financial institutions	2,127	2,310	5,175	2,028	186
Total cash, cash equivalents, and restricted cash	2,308	2,502	5,378	2,240	4,057
(amortized cost of $2,646,414 and $2,526,644, respectively)(ACL of $775 and $, respectively)	2,454	2,247	2,347	4,843	1,316
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss	2,309	2,306	2,287	2,269	0
FRB and FHLB stock, at cost	160	148	126	34	—
Total investment securities	4,923	4,701	4,761	7,147	—
Loans held for sale	183	26	123	65	3
Loans and leases held for investment	25,033	23,782	25,490	7,115	7,251
Allowance for loan and lease losses	246	239	282	201	−93
Loans and leases held for investment, net	24,787	23,542	25,208	7,029	7,159
Equipment leased to others under operating leases	238	307	344	404	—
Premises and equipment, net	147	143	147	54	—
Bank owned life insurance	350	340	340	208	—
Deferred tax asset, net	657	721	739	282	—
Goodwill	215	215	199	1,377	1,406
Intangible assets, net	105	133	165	31	—
Other assets	885	914	1,131	1,012	258
Total assets	34,797	33,543	38,534	41,229	9,394
Noninterest-bearing deposits	7,823	7,720	7,774	11,212	2,788
Interest-bearing deposits	20,021	19,472	22,628	22,724	4,651
Total deposits	27,843	27,192	30,402	33,936	7,439
Borrowings (including $113,634 and $118,838 at fair value, respectively)	2,064	1,392	2,911	1,764	—
Subordinated debt	953	942	937	867	—
Accrued interest payable and other liabilities	396	517	894	711	114
Total liabilities	31,256	30,043	35,143	37,278	8,328
Commitments and contingencies (Note 13)	—	—	—	—	0
Preferred Stock, Value, Issued	499	499	499	499	95
Common Stock, Shares, Outstanding	150	158	157	77	—
Additional paid-in capital	3,552	3,786	3,841	2,821	855
Retained deficit	−242	−431	−518	1,421	148
Accumulated other comprehensive loss, net	−269	−355	−432	−791	8
Total stockholders' equity	3,541	3,500	3,391	3,951	4,000
Total liabilities and stockholders' equity	34,797	33,543	38,534	41,229	9,394

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net earnings (loss)	229	127	−1,899	424	607
Depreciation and amortization	49	55	53	54	52
Amortization of net premiums on investment securities	20	24	37	53	44
Accretion Expense	−85	−105	0	—	—
Amortization of operating lease ROU assets	23	34	27	30	30
Gain on sale of foreclosed assets, net	−203,000	−819,000	−586,000	−3	−406,000
Provision for losses on foreclosed assets	773,000	2	2	29,000	14,000
Loss (gain) on disposal of premises and equipment	199,000	647,000	−571,000	104,000	74,000
Loss on sale of securities, net	0	60	442	50	−2
Gain on BOLI death benefits	0	−1	−416,000	0	−491,000
Unrealized (gain) loss on derivatives, foreign currencies, and credit-linked notes, net	−297,000	−276,000	6	−1	−1
Decrease (increase) in other assets	54	168	−215	−84	−97
(Decrease) increase in accrued interest payable and other liabilities	−157	−376	45	78	−11
Net cash provided by operating activities	256	77	136	702	503
Cash acquired in acquisitions, net of cash consideration paid	0	0	335	0	3,757
Net (increase) decrease in loans and leases	−1,659	−662	464	−5,817	−3,926
Proceeds from sales of loans and leases	262	2,456	8,524	72	145
Proceeds from maturities and paydowns of securities available-for-sale	479	244	261	659	847
Proceeds from sales of securities available-for-sale	0	693	3,028	2,013	367
Purchases of securities available-for-sale	−605	−836	−13	−380	−6,864
Proceeds from maturities and paydowns of securities held-to-maturity	20	1	1	851,000	0
Purchases of FHLB and FRB stock	−17	−23	−304	−160	—
Redemptions of FHLB and FRB stock	5	2	272	143	—
Proceeds from sales of foreclosed assets	15	17	17	19	3
Purchases of premises and equipment, net	−21	−13	−15	−20	−17
Proceeds from sales of premises and equipment	0	190,000	9	11,000	95,000
Proceeds from BOLI death benefits	2	5	4	555,000	4
Net decrease in equipment leased to others under operating leases	43	8	26	−101	−31
Net cash (used in) provided by investing activities	−1,478	1,891	12,609	−3,570	−5,714
Net (decrease) increase in noninterest-bearing deposits	103	−54	−5,723	−3,331	3,726
Net (decrease) increase in interest-bearing deposits	549	−3,156	−4,360	2,269	2,171
Net increase (decrease) in borrowings	−178	−2,624	−2,321	0	−55
Payments for Repurchase of Common Stock	0	—	—	−75	0
Proceeds from Issuance of Common Stock, Dividend Reinvestment Plan	0	308,000	69,000	0	0
Proceeds from Stock Options Exercised	77,000	0	0	0	300,000
Restricted stock surrendered	—	−3	−5	−10	−9
Common stock dividends paid	—	−68	−49	−120	−119
Net cash (used in) provided by financing activities	1,028	−4,844	−9,608	1,051	6,108
Net increase (decrease) in cash and cash equivalents	−194	−2,875	3,137	−1,817	897
Cash paid for interest	715	1,015	1,064	238	53
Cash paid (received) for income taxes	8	−14	−68	97	136
Loans transferred to foreclosed assets	23	20	21	8	1
Transfers from loans held for investment to loans held for sale	448	1,930	3,163	76	26
Loan, Transfer from Held-for-Sale to Held-in-Portfolio	0	1	514	0	0
Proceeds from Issuance of Debt	850	1,100	2,506	1,763	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro