Banc of California(US:BANC)2025-07-24 17:00Financial Performance - Adjusted EPS for 2Q25 was $031, a 19% increase QoQ and a 9% annualized total loan growth[6] - The Net Interest Margin (NIM) was 310%, up 2 bps QoQ and 30 bps YoY[6,9] - Adjusted Return on Average Tangible Common Equity (ROATCE) was 834%[6,11] - Adjusted Pre-Tax Pre-Provision (PTPP) income was $870 million, up 56% QoQ and 563% YoY[6,11] Loan Portfolio and Credit Quality - Total loans increased by 9% annualized, with core loans up approximately 12%[6] - Strategic sales of approximately $507 million in CRE loans led to improved credit quality metrics[6,43] - Non-Performing Loans (NPL), Classified and Special Mention ratios decreased by 19 bps, 46 bps, and 115 bps, respectively[6] - The Allowance for Credit Losses (ACL) ratio was 107%[6] Capital and Shareholder Value - Tangible Book Value Per Share (TBVPS) was $1646, a 2% increase QoQ[6] - The CET 1 capital ratio was 992%[6] - The company repurchased $150 million of common shares YTD, representing 68% of shares, at a VWAP of $1305[6] Deposits - Core deposits remained stable QoQ[6] - Noninterest-bearing deposits accounted for 270% of total deposits[20] Outlook - The company is targeting a Net Interest Margin (NIM) of 320%-330% by 4Q25[76] - The company anticipates Noninterest Expense (NIE) to average $190 million-$195 million per quarter[76]