www.bancofcal.com Investor Presentation 2023 Second Quarter Earnings FORWARD LOOKING STATEMENTS When used in this report and in documents filed with or furnished to the Securities and Exchange Commission (the “SEC”), in press releases or other public stockholder communications, or in oral statements made with the approval of an authorized executive officer, the words or phrases “believe,” “will,” “should,” “will likely result,” “are expected to,” “will continue,” “is anticipat ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------| | | | Fo ...

Financial Data and Key Metrics Changes - Net income for Q1 2023 was $20.3 million or $0.34 per diluted share, with adjusted net income at $21.7 million or $0.37 per diluted share, down from $26.8 million or $0.45 per diluted share in the previous quarter [18] - Net interest margin decreased by 28 basis points to 3.41%, while overall earning asset yield increased by 20 basis points to 4.99% [18] - Average loan yield increased by 15 basis points to 5.07%, and average cost of deposits rose by 43 basis points to 122 basis points [19] Business Line Data and Key Metrics Changes - Total loans decreased by approximately $61 million, primarily due to three loan payoffs in the C&I portfolio [22] - Non-interest income increased by $9.3 million from the prior quarter, driven by a recovery on a loan acquired and higher income from equity investments [20] - Non-interest expense increased by approximately $800,000, mainly due to higher salaries and benefits [21] Market Data and Key Metrics Changes - Total assets increased by approximately 9% to $10 billion, reflecting an increase in liquidity [22] - Total deposits decreased by $169 million, primarily due to outflows in January and February, but increased since mid-March [23] - Delinquent loans declined by $19 million or 20%, indicating stable credit quality [23] Company Strategy and Development Direction - The company aims to maintain strong capital levels while focusing on prudent risk management amid challenging economic conditions [25] - Plans to enhance the value proposition through a new payments processing business expected to onboard clients in the second half of the year [26] - The company is positioned to capitalize on market disruptions, focusing on relationship-oriented business clients and attractive lending opportunities [25][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the franchise and the ability to attract new clients amid recent banking turmoil [6][25] - The outlook remains cautious, with expectations of low single-digit loan growth and a focus on optimizing earnings and shareholder value [44] - Management noted that the current environment is temporary, and they expect to emerge stronger by building on fundamental strengths [26] Other Important Information - The company repurchased approximately 1% of its common shares and increased its quarterly cash dividend by 67% [14] - The allowance for credit losses at the end of Q1 totaled $89.4 million, with a coverage ratio of 1.27% [24] - The company has significant excess liquidity, with cash balances reaching approximately $1 billion at quarter end [20] Q&A Session Summary Question: Competitive landscape in California post-bank failures - Management noted a strong inflow of core deposits and a solid pipeline, emphasizing the importance of safety and depositor confidence in the current environment [30][31] Question: Loan and deposit ratio dynamics - Management indicated comfort with the current loan-to-deposit ratio around 100%, with new lending opportunities being funded primarily through core deposits [34][36] Question: Consolidation activity in California - Management believes it is early to predict consolidation trends but sees potential benefits from smaller banks seeking scale [39][40] Question: Lending appetite and risk-adjusted returns - Management stated that they could shrink the loan portfolio if attractive risk-adjusted returns are not available, focusing on optimizing earnings [42][44] Question: New commercial accounts and non-interest bearing balances - Management highlighted the importance of sophisticated treasury management solutions in attracting new clients and maintaining non-interest bearing balances [46][50] Question: Interest rate risk management - Management discussed a recent $300 million hedge to manage rate sensitivity, indicating a rate-neutral position currently [51][54]

www.bancofcal.com Investor Presentation 2023 First Quarter Earnings FORWARD LOOKING STATEMENTS When used in this report and in documents filed with or furnished to the Securities and Exchange Commission (the "SEC"), in press releases or other public stockholder communications, or in oral statements made with the approval of an authorized executive officer, the words or phrases "believe," "will," "should," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "pla ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35522 BANC OF CALIFORNIA, INC. (Exact name of registrant as specified in its charter) Maryland 04-3639825 (State or other jurisdictio ...

Banc of California, Inc. (NYSE:BANC) Q4 2022 Earnings Conference Call January 19, 2023 1:00 PM ET Company Participants Jared Wolff - President, Chief Executive Officer Lynn Hopkins - Chief Financial Officer Conference Call Participants Matthew Clark - Piper Sandler Timur Braziler - Wells Fargo Gary Tenner - D.A. Davidson David Feaster - Raymond James Andrew Terrell - Stephens Kelly Motta - KBW Operator Hello, and welcome to Banc of California's Fourth Quarter Earnings Conference Call. All participants will ...

INVESTOR PRESENTATION 2022 Fourth Quarter Earnings bancofcal.com FORWARD LOOKING STATEMENTS When used in this report and in documents filed with or furnished to the Securities and Exchange Commission (the "SEC"), in press releases or other public stockholder communications, or in oral statements made with the approval of an authorized executive officer, the words or phrases "believe," "will," "should," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," "plans, ...

Banc of California, Inc. (NYSE:BANC) Q3 2022 Earnings Conference Call October 20, 2022 1:00 PM ET Company Participants Jared Wolff - President, Chief Executive Officer Lynn Hopkins - Chief Financial Officer Conference Call Participants Timur Braziler - Wells Fargo David Feaster - Raymond James Gary Tenner - D.A. Davidson Kelly Motta - KBW Operator Hello and welcome to backup California's Third Quarter Earnings Conference Call. [Operator Instructions] After today's presentation, there will be an opportunity. ...