Financial Data and Key Metrics Changes - The company reported a net loss of $0.01 per share for Q3 2024, which includes a $60 million loss from securities repositioning. Adjusted earnings per share was $0.25, a significant increase from the prior quarter [14][15] - Net interest income was $232 million, slightly up from the previous quarter, despite a $1.4 billion decrease in average interest-earning assets due to the sale of CIVIC loans. The net interest margin increased by 13 basis points to 2.93% [15][16] - The cost of funds declined from 2.95% to 2.82%, while the yield on average earning assets decreased from 5.65% to 5.63% [15][16] Business Line Data and Key Metrics Changes - The company added $1.6 billion in loans during the quarter, including production, unfunded new commitments, and purchase loans, while maintaining conservative underwriting standards [9][10] - The loan portfolio grew modestly, with new loans coming on at higher rates than those paying off, positively impacting average loan yields [10][12] - Non-interest-bearing deposits remained flat, but the percentage of non-interest-bearing deposits increased to 29% of total deposits due to efforts to reduce higher-cost brokered deposits [9][15] Market Data and Key Metrics Changes - The company experienced a favorable deposit mix, with a reduction in brokered deposits by $1.85 billion, contributing to a lower overall cost of deposits [16][20] - The economic environment remains challenging, impacting loan growth, particularly in real estate, with expectations that a further 50 basis point rate cut could unlock more activity [31][32] Company Strategy and Development Direction - The company is shifting focus from internal restructuring to external growth, aiming to capitalize on the strength of its franchise and enhance client relationships [22][23] - A new branding campaign is being launched to promote the superior banking experience offered by the company [23] - The company plans to continue investing in technology and talent to improve client experience and operational efficiency [8][55] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for future growth despite current economic uncertainties, emphasizing a cautious approach to credit management [12][23] - The company expects to see further improvements in net interest margin in Q4 2024, benefiting from the full quarter impact of recent balance sheet repositioning actions [17][18] - Management remains conservative regarding economic conditions and is prepared for various scenarios, maintaining robust reserves [12][23] Other Important Information - The company achieved its target range for non-interest expenses of $195 million to $200 million a quarter earlier than expected, primarily due to a decrease in FDIC assessment expenses [7][19] - The company has added over 1,700 new relationships over the past three quarters, indicating a focus on expanding its client base [9][23] Q&A Session Summary Question: What is the outlook for ECR deposits? - Management expects to grow HOA balances and is working hard to bring in new relationships [26] Question: What is the spot rate on borrowings and the expected cost of fund improvement? - The spot rate on borrowings was not disclosed, but management remains optimistic about achieving the targeted cost of funds improvement [27][29] Question: What is the loan growth outlook? - Loan growth is expected to remain muted until rates decrease further, with specific opportunities in warehouse lending and construction [31][32] Question: How does the company view deposit growth? - Management aims to build deposit relationships to support loan growth without relying heavily on external funding [36][38] Question: What are the expectations for margin expansion? - The company anticipates meaningful benefits from restructuring actions in Q4, with a conservative approach to rate cuts [61][62]

Draft v4.5 1/21/24 Investor Presentation Third Quarter 2024 Results Forward-Looking Statements and Other Matters This presentation includes forward-looking statements within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, liquidity and capital ratios and other non-historical statements. Words or phrases such as "believe," "wi ...

Core Insights - Banc of California reported $276.67 million in revenue for Q3 2024, a year-over-year increase of 130.6% [1] - The EPS for the same period was $0.25, down from $0.30 a year ago [1] - Revenue exceeded the Zacks Consensus Estimate of $229.46 million by 20.57%, while EPS surprised by 78.57% against the consensus estimate of $0.14 [1] Financial Metrics - Net Interest Margin stood at 2.9%, matching the five-analyst average estimate [2] - Annualized net loan charge-offs to average total loans held-for-investment was 0%, compared to the four-analyst average estimate of 0.1% [2] - Average Balance of Total interest-earning assets was $31.58 billion, slightly below the four-analyst average estimate of $31.74 billion [2] - Tier 1 leverage ratio was 9.8%, in line with the average estimate based on two analysts [2] - Total Non-performing loans reached $168.34 million, exceeding the two-analyst average estimate of $121.78 million [2] - Total Non-performing assets were $177 million, higher than the two-analyst average estimate of $135.43 million [2] - Total Non Interest Income was -$15.45 million, significantly worse than the five-analyst average estimate of -$1.53 million [2] - Net Interest Income was $232.18 million, slightly above the $230.98 million average estimate based on five analysts [2] - Service charges on deposit accounts totaled $4.57 million, below the $5.32 million estimated by two analysts [2] - Leased equipment income was $17.18 million, surpassing the $11.30 million estimate by two analysts [2] - Other commissions and fees amounted to $8.26 million, compared to the $8.86 million average estimate based on two analysts [2] Stock Performance - Shares of Banc of California have returned -0.3% over the past month, while the Zacks S&P 500 composite increased by 2.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Banc of California reported quarterly earnings of $0.25 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, but down from $0.30 per share a year ago, indicating an earnings surprise of 78.57% [1] - The company generated revenues of $276.67 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 20.57% and significantly up from $120 million year-over-year [1] Earnings Performance - Banc of California has surpassed consensus EPS estimates only once in the last four quarters [1] - The company had a previous quarter earnings expectation of $0.19 per share but reported only $0.10, resulting in a surprise of -47.37% [1] Future Outlook - The stock's immediate price movement will largely depend on management's commentary during the earnings call [2] - Current consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $268.94 million, and for the current fiscal year, it is $0.61 on revenues of $1.01 billion [4] Industry Context - The Banks - Southwest industry, to which Banc of California belongs, is currently in the top 40% of over 250 Zacks industries, indicating a favorable industry outlook [5] - The performance of Banc of California's stock may be influenced by the overall industry outlook [5]

Exhibit 99.1 1 l Quarter 2024 Results Banc of California, Inc. Reports Third Quarter 2024 Financial Results Which Include Balance Sheet Repositioning Company Release – 10/22/2024 LOS ANGELES, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) ("Banc of California" or the "Company"), the parent company of wholly-owned subsidiary Banc of California (the "Bank"), today reported financial results for the third quarter ended September 30, 2024. The Company reported a net loss available to common and ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 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 of Incorpora ...

Core Insights - Canadian Banc Corp. has released its semi-annual financial statements and management report of fund performance for the six months ending May 31, 2024 [1] Financial Reporting - The financial statements and management report are available on the Company's website at www.canadianbanc.com and on www.sedarplus.com [1] Investor Relations - For further inquiries, the Company provides contact information for Investor Relations, including a local number (416-304-4443) and a toll-free number (1-877-478-2372) [1]

Banc of California, Inc. (NYSE:BANC) Q2 2024 Results Conference Call July 23, 2024 1:00 PM ET Company Participants Ann DeVries - Head of Investor Relations Jared Wolff - President and Chief Executive Officer Joe Kauder - Chief Financial Officer Conference Call Participants Matthew Clark - Piper Sandler Jared Shaw - Barclays David Feaster - Raymond James Chris McGratty - KBW Andrew Terrell - Stephens Brandon King - Truist Securities Gary Tenner - D.A. Davidson David Chiaverini - Wedbush Securities Tim Coffey ...

Banc of California (BANC) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -47.37%. A quarter ago, it was expected that this banking service and lending company would post earnings of $0.26 per share when it actually produced earnings of $0.19, delivering a surprise of -26.92%.Over the ...