Banc of California reported FY 2025 net earnings of USD 229.0 million, with diluted EPS of USD 1.17 and net interest income (NII) of USD 977.4 million. Net interest margin was 3.15%, while noninterest income totaled USD 142.1 million and noninterest expense was USD 735.9 million. Provision for credit losses was USD 70.6 million and the effective tax rate was 26.9%. Profitability metrics included return on average assets (ROAA) of 0.68% and return on average equity of 6.60% (FY 2025). On the balance sheet, total assets were USD 34.8 billion at December 31, 2025, with loans and leases held for investment of USD 25.0 billion and total deposits of USD 27.8 billion; FDIC-insured deposits represented approximately 71% of total deposits. Credit quality metrics included nonaccrual loans and leases held for investment of USD 159.2 million and classified loans and leases held for investment of USD 800.3 million at year-end. Corporate and business updates included a USD 300.0 million stock repurchase authorization (expiring March 2026); FY 2025 repurchases totaled 13.6 million shares for USD 185.5 million at a weighted-average price of USD 13.59, with USD 114.5 million remaining at December 31, 2025. The company also executed strategic loan sales, reclassifying approximately USD 506.7 million of loans as held for sale in Q2 2025, recording charge-offs of USD 36.9 million and an incremental provision impact of USD 26.3 million; by December 31, 2025 it had liquidated USD 292.0 million of these loans (including USD 236.4 million sold) and had USD 174.6 million remaining to be sold. Management also highlighted deposit repricing benefits from federal funds rate cuts and prior balance sheet repositioning actions, including reinvestment into higher-yield securities.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Banc of California Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-012946), on February 27, 2026, and is solely responsible for the information contained therein.
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