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Banc of California (BANC) investor relations material
Banc of California Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary23 Oct, 2025
Executive summary
Diluted EPS rose to $0.38 in Q3 2025, up 23% quarter-over-quarter, with net earnings available to common stockholders of $59.7 million, reflecting strong core earnings, positive operating leverage, and disciplined expense management.
Net interest margin expanded to 3.22%, up 12 basis points sequentially, supported by higher loan yields and lower deposit costs.
Return on average tangible common equity increased to 9.87%, and return on average assets rose to 0.82%.
Share repurchases totaled 2.2 million shares in Q3 (13.6 million YTD), reducing outstanding shares by over 8% and deploying $185 million year-to-date.
Core deposit trends were positive, with noninterest-bearing deposits now 28% of total deposits and a 9% annualized increase from the prior quarter.
Financial highlights
Net income for Q3 was $59.7 million, or $0.38 per diluted share, with total revenue up over 5% sequentially to $287.7 million and pre-tax pre-provision income up 17% to $102.0 million.
Net interest income rose to $253.4 million, up 5% from Q2, and noninterest income increased to $34.3 million, mainly from higher equity investment gains.
Noninterest expense remained flat at $185.7 million, with the efficiency ratio improving to 58.24% (adjusted) and 62.05% (reported).
Tangible book value per share increased 3% quarter over quarter to $16.99.
Allowance for credit losses increased to $270.7 million (1.12% of loans), with a provision of $9.7 million in Q3.
Outlook and guidance
Management expects mid-single-digit growth in loans and deposits, with NIM to remain within 3.20–3.30% for Q4 and no rate cuts assumed in guidance.
Expense guidance for Q4 is at or below the low end of the range, with continued focus on cost control and customer-related expenses projected at $27–29 million per quarter.
ROAA target of ~1.1%+ and ROTCE of 13%+ remain unchanged, with management confident in long-term profitable growth.
Focus remains on core deposit growth, maintaining strong capital and liquidity, and further earnings growth as balance sheet remixing continues.
Impact of loan payoffs on Q3 NIM expansion?
Why did classified loans increase in Q3?
Q3 share repurchase activity and remaining capacity.
NDFI lending: What are key risk mitigants?
How does DTA impact CET1 for buybacks?
What drives expense control and efficiency?
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Next Banc of California earnings date
Q4 202522 Jan, 2026
Next Banc of California earnings date
Q4 202522 Jan, 2026
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Frequently asked questions
Banc of California Inc is a bank holding company that provides a range of commercial and personal banking services through its subsidiary, Banc of California. Its offerings include loans, deposit accounts, mortgage products, and treasury services aimed at businesses and individuals throughout California. The company operates through branch offices and digital platforms. Banc of California Inc is headquartered in Los Angeles, California, and its shares are listed on the NYSE.
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