Banc of California Inc 2025年季度报告

Form10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedMarch31, 2025 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _______ to ______ Commission File Number001-35522 BANC OF CALIFORNIA, INC. Maryland04-3639825(State of Incorporation)(I.R.S. Employer Identification No.) 11611 San Vicente Boulevard, Suite 500Los Angeles,CA90049(Address of Principal Executive Offices, Including Zip Code) (855)361-2262(Registrant's Telephone Number, Including Area Code)N/A(Former name, former address, and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: New York Stock Exchange Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant wasrequired to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and "emerging growth company" in Rule12b-2 of the Exchange Act. ☑Large accelerated filer☐Non-accelerated filer ☐Accelerated filer☐Smaller reporting company☐Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the ExchangeAct).Yes☐No☑As of April30, 2025, there were147,140,418shares of the registrant's voting common stock outstanding, excluding 185,871 shares ofunvested restricted stock, and there were 477,321 shares of the registrant's class B non-voting common stock outstanding. BANC OF CALIFORNIA, INC.MARCH31, 2025 QUARTERLY REPORT ON FORM 10-QTABLE OF CONTENTS PARTI. FINANCIAL INFORMATION Item1.Condensed Consolidated Financial Statements (Unaudited)Condensed Consolidated Balance Sheets (Unaudited)5Condensed Consolidated Statements of Earnings (Unaudited)6Condensed Consolidated Statements of Comprehensive Income (Unaudited)8Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited)9Condensed Consolidated Statements of Cash Flows (Unaudited)11Notes to Condensed Consolidated Financial Statements (Unaudited)13Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations62Item 3.Quantitative and Qualitative Disclosures About Market Risk100Item 4.Controls and Procedures104 PARTII. OTHER INFORMATION Item 1.Legal Proceedings104Item 1A.Risk Factors104Item 2.Unregistered Sales of Equity Securities and Use of Proceeds105Item 3.Defaults Upon Senior Securities105Item 4.Mine Safety Disclosures105Item 5.Other Information105Item 6.Exhibits106Signatures107 PARTI. FINANCIAL INFORMATION Glossary of Acronyms, Abbreviations, and Terms The acronyms, abbreviations, and terms listed below are used in various sections of this Quarterly Report on Form 10-Q, including"Item 1. Financial Statements" and "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations." CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME See Notes to Condensed Consolidated Financial Statements. NOTE 1.ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Banc of California, Inc., a Maryland corporation, was incorporated in March 2002 and serves as the holding company for its whollyowned subsidiary, Banc of California (the “Bank”), a California state-chartered bank and member of the FRB. When we refer to the“holding company," we are referring to Banc of California, Inc., the parent company, on a stand-alone basis. When we refer to “we,” “us,”“our,” or the “Company,” we are referring to Banc of California, Inc. and its consolidated subsidiaries including the Bank, collectively. As abank holding company, Banc of California, Inc. is subject to ongoing and comprehensive supervision, regulation, examination, andenforcement by the FRB. As a California state-chartered bank and a member of the FRB, the Bank is subject to ongoing and comprehensivesupervision, regulation, examination, and enforcement by the DFPI