Banc Of California, Inc. · NYSE:BANC
Banc Of California — O'Neill Forum Presentation 2013
17 slides from Banc Of California's conference presentation, Dec 4, 2013
Slide 1: O'Neill Forum Presentation December 4, 2013
O'Neill Forum Presentation December 4, 2013
Slide 2: Forward-looking Statements
* Forward-looking Statements When used in this presentation and in documents filed with or furnished to the Securities and Exchange Commission (the “SEC”), in press releases or other public shareholder communications, or in oral statements made with the approval of an authorized executive officer, t
Slide 3: Company Update
* Company Update Organization / Market Footprint Key Metrics Key 4Q Initiatives Consolidate Charters Rationalize Branch Footprint CS Financial Acquisition The Palisades Group Acquisition Platform Initiative Overview
Slide 4: Company Overview / Market Overview
* Company Overview Market Overview * Market Overview data from bloomberg.com as of 12/3/2013 Company Name: Banc of California, Inc. Exchange: NASDAQ Equity Ticker: BANC Debt Ticker: BANCL Preferred Ticker: BANCP Index: Russell 2000 Auditor: KPMG Market Cap: $224.5 million Div. and Yield: 0.48 (3.85%
Slide 5: Strategic Growth
* Strategic Growth Source: SNL Financial * Pro Forma for AWB branch sale completed on October 4, 2013 Banc of California has been successful in growing its asset base both organically as well as through opportunistic acquisitions since its recap in November 2010 Closed acquisitions of Gateway Bancor
Slide 6: Existing Branches Being Retained
* Existing Branches Being Retained Existing Branches Being Retained Existing Branches Being Retained Existing Branches Being Retained Address Location Deposits Year Opened 600 S. Lake Avenue Pasadena 27,000 2013 1880 Century Park E Century City 112,000 2012 2635 Wilshire Boulevard Santa Monica 92,00
Slide 7: Strong Deposit Growth
* Balance Rate Mix MMDA $328,187 0.44% 10% Savings 238,945 0.31% 7% Checking 589,752 0.02% 18% One Accounts 1,248,337 1.20% 38% CD - Retail/Business 283,166 0.79% 9% CD - Institutional 147,749 0.80% 5% CD - Internet 173,430 0.65% 5% CD - Public - - - ACH Sweeps Brokered 249,808 0.29% 8% Total Deposi
Slide 8: Deposit Franchise
* September 30, 2013 2010 Total Deposits: $3,259 million Total Deposits: $683 million Total Deposits (millions) $683 $3,259 Cost of Deposits 0.89% 0.69% Average Account Size $19,048 $69,962 % Transaction 46% 81% Deposit Franchise Improved deposit mix and cost of funds
Slide 9: Lending Franchise
* Lending Franchise Asset Origination Capabilities Loan Portfolio Transition September 30, 2013 Total Loans & Leases: $2,963 Banc of California Residential and commercial real estate lending platforms Banc Home Loans (Mortgage Banking) Private banking Small / middle market and entertainment-based le
Slide 10: Credit Metrics
* Credit Metrics Ratios as of 9/30/13 Banc of California, Inc. (BANC) Total Classified Loans / Total Loans 2% Total Non-Accrual plus OREO / Total Loans plus OREO 1% Total Classified Loans / Capital plus Reserves 15% Texas Ratio 10%
Slide 11: Key Banking Metrics
* Key Banking Metrics (1) Q3 combines PTB & PBOC and Q2 combines PTB & BBB; the Banks were merged and converted to a national bank at the beginning of Q4 2013 $ Thousands Banc of California, N.A (1) Banc of California, N.A (1) Banc of California, N.A (1) Banc of California, N.A (1) Q3 2013 Q3 2013 Q
Slide 12: Capital Position
* Capital Position Banc of California, N.A. Banc of California, N.A. Banc of California, N.A. Banc of California, N.A. Banc of California, Inc. Banc of California, Inc. Banc of California, Inc. Banc of California, Inc. Ratio Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Tier 1 Leve
Slide 13: Pro Forma Capital Growth
* Pro Forma Capital Growth A B C D E F 3Q13 Equity Branch Sale FMV in excess of BV (1) DTA VA (2) Accretable Yield (1) Potential Equity Equity as of September 30, 2013 After tax capital gain from branch sale to AmericanWest Bank Embedded gains in balance sheet if loans and securities marked to fair
Slide 14: Key 4Q Initiatives
* Company Update Organization / Market Footprint Key Metrics Key 4Q Initiatives Consolidate Charters Rationalize Branch Footprint CS Financial Acquisition The Palisades Group Acquisition Platform Initiative Overview
Slide 15: Branch Sale Improves Profitability
* Bank Balance Sheet Expenses Material advancement toward stated 65% efficiency ratio target for commercial bank Improved balance sheet efficiency while augmenting capital position Proactive management of liquidity position–removal of almost $500 million “excess” $5.0+ million annual reduction in di
Slide 16: CS Financial Recent Acquisition
* The Private Bank of California Recent Acquisition CS Financial Recent Acquisition Target Market HNW Families HNW Families Channels Fiduciaries Fiduciaries Geography West LA West LA Regulatory Good Standing Good Standing Reputational Strong Strong Offering Private Banking Prime-Jumbo Mortgage and I
Slide 17: The Palisades Group, LLC
* The Palisades Group, LLC (“TPG”) is a Registered Investment Adviser specializing in the acquisition, disposition and management of residential mortgages TPG management team has extensive experience in all aspects of the residential sector including loan underwriting and origination, due diligence,