Banc of California, Inc. (BANC) reported its financial results for the year ended December 31, 2025, showcasing a net income of $228.9 million, compared to $126.8 million in the previous year. This translates to diluted earnings per share of $1.17, while adjusted diluted earnings per share reached $1.35. The company's net interest income (NII) stood at $977.3 million, a notable increase from $926.0 million in 2024. The return on average assets (ROAA) was 0.68%, and the adjusted ROAA was 0.77%.
A significant strategic move during the year was the completion of the merger with PacWest Bancorp on November 30, 2023, which has been retrospectively reflected in the restated financial figures. As of December 31, 2025, the company's total assets amounted to $34.8 billion, with loans and leases held for investment (HFI) totaling $25.0 billion and total deposits reaching $27.8 billion. The company's strategic objective remains focused on delivering outstanding service to banking clients through collaboration, execution, and performance, with a commitment to understanding and meeting their business objectives.
Key operational developments included a strategic loan sale process, which resulted in the reclassification of approximately $506.7 million of loans as held for sale (HFS). As of December 31, 2025, $292.0 million of these loans had been liquidated, with a loss of $0.4 million recognized on the loans sold. The company's allowance for credit losses (ACL) stood at 1.12% of loans and leases HFI and 176.25% of nonaccrual loans and leases. The company also continued to invest in its technology infrastructure to gain operating efficiencies and improve the client experience.
Looking ahead, Banc of California aims to continue its growth trajectory by focusing on relationship-based commercial banking, expanding its deposit base, and managing its risk profile effectively. The company's strategic initiatives, including investments in technology and process improvements, are expected to contribute to future profitability and shareholder value. The company's capital ratios remained strong, with a Common Equity Tier 1 (CET1) capital ratio of 10.01%, a Tier 1 capital ratio of 12.34%, and a total capital ratio of 16.31%, all exceeding regulatory requirements.
About BANC OF CALIFORNIA, INC.
Banc of California, Inc. is a relationship-focused commercial bank serving small to middle-market and venture-backed businesses. It offers diverse loan and deposit products, treasury management, and payment processing services through its subsidiaries. Operating primarily in California, Colorado, and North Carolina, the bank emphasizes personalized service, flexible financing solutions, and technology-driven platforms to support business clients, homeowner associations, and community associations nationwide. Its business model centers on strong client relationships and tailored financial services.
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