Banc Of California, Inc. · NYSE:BANC
Banc Of California — Q4 2014 Earnings Presentation
15 slides from Banc Of California's earnings presentation, Mar 6, 2015
Slide 1: Investor Presentation: 2014 Fourth Quarter Earnings
Exhibit 99.2 Investor Presentation 2014 Fourth Quarter Earnings March 6, 2015
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”), or other public shareholder communications, or in oral statements made with the approval of an authorized executive officer, the words or phrases
Slide 3: 2014 Fourth Quarter Accomplishments
2014 Fourth Quarter Accomplishments Net income available to common shareholders of $9.3 million, or $0.25 per diluted share Net Income Return on average assets of 0.8% and return on average tangible common equity of 11.2% Completed the acquisition and conversion of the California footprint of Banco
Slide 4: Income Statement – Quarterly
Income Statement –Quarterly ($ in millions except per share data) 4Q 2014 3Q 2014 4Q 2013 Net Interest Income $46.3 $38.2 $33.3 Noninterest Income 40.9 44.1 34.5 Total Revenue 87.2 82.3 67.8 Expenses (78.4) (67.6) (57.2) Pre-Tax, Pre-Provision Income 8.8 14.7 10.6 Provision (4.2) (2.8) (1.8) Pre-Tax
Slide 5: Income Statement – Full Year
Income Statement –Full Year ($ in millions except per share data) FY 2014 FY 2013 Net Interest Income $155.3 $97.2 Noninterest Income 145.6 96.7 Total Revenue 300.9 194.0 Expenses (264.2) (178.7) Pre-Tax, Pre-Provision Income 36.7 15.3 Provision (11.0) (8.0) Pre-Tax Income 25.8 7.3 Tax Benefit (Expe
Slide 6: Net Interest Income and Net Interest Margin
Net Interest Income and Net Interest Margin Net InterestIncome($ in millions) Net Interest Margin Popular acquisition contributed approximately $7 Consolidated net interest margin expanded due to million to Q4 net interest income both Popular acquisition and deposit repricing $46.3 3.90% 4.00% 3.70%
Slide 7: Noninterest Income
Noninterest Income Noninterest Income ($ in millions) $44.1 $3.6 $40.9 $3.3 $5.2 $34.5 $35.4 $4.4 $6.7 $10.3 $1.8 $12.1 $25.3 $3.0 $3.9 $4.2 $2.8 $1.1 $0.4 $2.6 $4.2 $26.1 $26.9 $25.0 $17.3 $15.0 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 Mortgage Banking Gain on Sale of Loans Advisory Service Fees All
Slide 8: Noninterest Expenses
Noninterest Expenses Noninterest Expense Number of Employees ($ in millions) (Headcount) $78.4 $5.9 $67.6 $2.4 $13.5 1,475 $60.5 1,384 $57.2 $57.8 1,292 149 $13.2 1,217 1,220 $8.7 $12.3 506 $11.3 527 634 664 573 $59.0 $49.1 $52.0 $46.0 $48.2 878 690 647 658 662 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 201
Slide 9: Efficiencies in Deposit Operations
Efficiencies in Deposit Operations Popularacquisition addedscaleandenhancedproductivity withindepositoperations group FY 2014 All in Productivity Annualized Salary Cost per Account 1,500 $300 1,250 $250 1,000 $200 750 $150 500 $100 250 $50 - $- All In Productivity Target 8
Slide 10: Balance Sheet
Balance Sheet ($ in millions, period ending balances) 4Q 2014 3Q 2014 4Q 2013 Cash and All Deposits in Financial Institutions $233 $187 $112 Securities 346 310 170 Loans Held for Sale 1,187 1,127 717 Loans Held for Investment 3,949 2,712 2,446 ALLL (29) (25) (19) All Other Assets 286 227 202 Total A
Slide 11: Loan Portfolio
Loan Portfolio Total Loans (HFS/HFI) ($ in millions) $5,136 $23 $167 BPOP $1,187 $3,698 $3,839 $3,397 $134 $142 $3,163 $123 $1,172 $116 $1,096 $1,127 $717 $1,000 $480 $956 BPOP $1,213 $1,191 $1,287 $1,159 $497 $234 $367 $1,042 BPOP $142 $155 $555 $586 $567 $548 $54 $374 $455 $464 $613 BPOP $347 4Q 2
Slide 12: Deposit Portfolio
Deposit Portfolio Total Deposits Deposit Mix ($ in billions) (12/31/14 period end balance) $4.7 $3.6 $3.3 $3.1 $.9 CDs $2.9 BPOP 19% DDA / $4.01 NOW 37% $3.17 MMDA $2.68 $2.94 $2.49 23% Savings 21% $.15 $0.43 $0.43 $0.46 $0.66 BPOP $0.41 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 Cost of Deposits:0.77%
Slide 13: Capital Position
Capital Position 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 Banc of California, Inc. Tangible common equity to tangible assets 5.7% 5.1% 7.3% 7.2% 6.2% Tier 1 leverage ratio 8.0% 7.6% 9.9% 9.3% 8.6% Tangible book value per share $10.06 $9.94 $11.45 $11.34 $10.54 Tangible book value per share, adjusted
Slide 14: Asset Quality
Asset Quality ($ in millions unless otherwise noted) 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 Total Loans (HFI + HFS) $3.2 bln $3.4 bln $3.7 bln $3.8 bln $5.1 bln Delinquent non-PCI loans to total non-PCI loans 2.43% 2.21% 2.69% 2.08% 1.55% Non-performing Loans, excluding PCI loans $31.6 $32.4 $41.6
Slide 15: Financial Performance
Financial Performance 1 Net Interest Margin Efficiency Ratio 3.75 – 4.00% 4.19% 3.88% 70 – 4.05% 3.82% 3.78% 96% 75% 84% 85% 82% 90% 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 ROAA ROATCE 15% 1% 12.0% 1.0% 13.2% 11.2% 0.8% 0.8% 0.4% 6.0% 0.1% 0.9% 4Q 2013 1Q 2014