Banc of California Q1 EPS $0.26, loan growth 6% annualized; upsizes buyback to $300M

BANC OF CALIFORNIA, INC.

2025-Q1 EPS reported $0.26 revenue$440,305,000

Net earnings $43.6M, diluted EPS $0.26; NIM expanded 4bps to 3.08%.
Total loans grew $344.9M (6% annualized) to $24.1B, driven by C&I and multi-family.
Stock buyback program upsized to $300M; $150M repurchased through Apr 21, 6.8% of shares.
Net charge-offs 0.24% of avg loans; ACL ratio 1.10%, credit quality stable.
Book value per share $18.17, tangible book $16.12; CET1 ratio 10.43%.

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