Banc of California, Inc. Reports Strong Earnings Growth

By Chris Stiles • Thursday, January 22 04:05 • Permanent Link

Banc of California, Inc. has reported its financial results for the fourth quarter and full year ended December 31, 2025. The company's diluted earnings per share for the fourth quarter of 2025 were $0.42, marking an 11% increase from the third quarter of 2025. For the full year 2025, diluted earnings per share were $1.17, indicating significant growth from the full year 2024 figure of $0.52 per diluted common share.

The total loans and leases increased by 15% for the quarter annualized and 6% year over year, reaching $25.2 billion. Additionally, noninterest-bearing deposits saw an 11% annualized growth from the third quarter of 2025, amounting to $7.8 billion, which represents 28% of total deposits. The net interest margin for the quarter was reported at 3.20%, reflecting a 30 basis point expansion year over year.

Total revenue for the fourth quarter amounted to $292.9 million, representing an increase of over 2% from the third quarter of 2025. Moreover, the pre-tax pre-provision income saw a 10% increase from the third quarter, reaching $112.3 million.

The company's net earnings available to common and equivalent stockholders for the full year 2025 were $189.2 million, a substantial improvement from the $87.1 million reported for the full year 2024. On an adjusted basis, net earnings available to common and equivalent stockholders were $218.2 million for the full year 2025, compared to $135.4 million for the full year 2024.

Banc of California also reported stable capital ratios, with an estimated 12.34% tier 1 capital ratio and 10.01% CET 1 capital ratio. The company's book value per share increased to $19.56, up 2% from the third quarter of 2025, and tangible book value per share reached $17.51, up 3% from the third quarter of 2025.

The provision for credit losses for the fourth quarter of 2025 was $12.5 million, compared to $9.7 million for the third quarter, while for the full year 2025, the provision for credit losses amounted to $70.6 million, up from $42.8 million for the full year 2024.

Following these announcements, the company's shares moved -0.34%, and are now trading at a price of $20.80. Check out the company's full 8-K submission here.

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