Banc Of California, Inc. · NYSE:BANC
Banc Of California — IPO Roadshow (March 2015)
20 slides from Banc Of California's IPO roadshow presentation, Mar 30, 2015
Slide 1: Free Writing Prospectus - Banc of California, Inc.
Free Writing Filed Registration Banc March of pursuant 30, California, 2015 No. Prospectus to 333-192518 Rule Inc.433
Slide 2: Disclosures
Banc Disclosures Exchange Alternatively, (866) Neither complete. financial “intend,” and economic results attract resources technological undertake This to condition 1GAAP integrate investors the uncertainties presentation of 805-4128. and of measures other the California, condition, “could” regulat
Slide 3: Banc of California Positioned for Strategic Objectives
Banc Positioned Experienced Strong Diversified Well 2Seasoned ofCredit California M&A Financial Leadership & in Integrator Liquidity Strong Investment Services Focused Markets Profile Earnings Opportunity on Strategic StreamObjectives
Slide 4: Company Overview
Company Largest NYSE: 40 -Franchise ($4+ $5+ Branches 1: 3Source: Approx. April $5.1 As branch billion billion of billion 15, BOCA BANC bank SNL March Loan 122,000 Overview locations 2015 ininFinancial; by in loan Los PRC Offices 20, Loans—$4.7 Callable assets average originations Angeles 2015; focu
Slide 5: Experienced Management Team
Experienced Steven Led John Previously Francisco 20 Ron Over Cynthia 40 Matthew Hugh Chief 30 Jeffrey Founder CS Thedora 425 year years Financial; recap Nicolas Grosvenor 30 Risk Boyle Sugarman Seabold career Abercrombie years Nickel of experience March Turner inaOfficer experience banking partner C
Slide 6: Building California's Gateway Bank
Building Banc Gateway The Consistent All Total ($ Q2 $881 $863 $862 $835 $882 $929 $999 $1,083 $1,115 $1,670 $1,683 $2,051 $2,535 $3,718 $3,628 $4,031 $4,387 $4,538 $5,972 52010 inQ3 acquisitions Private millions) Assets 2011 ofQ4 California, California’s Bancorp Q1 2012 and Bank Q2 disciplined succ
Slide 7: A Top California Bank and Proven M&A Integrator
A Top BANC California Los Largest Population San 4th Banc Successfully Top billions) $50 in $30 $20 $6 $7 $12 $16 $29 $39 $48 $4 FRC *Excludes 6Source: ($4 $6 Largest $Angeles Diego $10 Public SIVB of $5 California isMSA SNL California $- $40 $5 the is merger –of Independent EWBC MSA $5 Carlsbad the
Slide 8: Fourth Quarter 2014 Highlights
2014interest Loan Capital Total acquisition Net Noninterest $6.3 Tier 7Tangible Income Interest income 1million Fourth loan and Risk-Based Common Deposit balances Noninterest-bearing of available income margin Income compared Quarter $10.2 Balances Capital Equity for increased increased for million
Slide 9: Asset Quality
Asset ($ Total NPLs NPAs Provision Net ALLL $0.80 ($0.30) nm $0.20 $0.70 ($0.40) ($0.20) 4Q 1.43% 81.45% 1.38% 1.33% 1.34% in2013 Charge millions Loans Quality $0.60 //to $18.8 Assets Loans Originated 1Q Originated forOffs (HFI $0.40 2014 $20.0 Loan unless (HFI) 0.87% (recoveries) (Recoveries) +2Q $
Slide 10: Diversified Loan and Deposit Portfolio
Diversified HFS Residential CRE Multifamily C&I Other Commercial Loan Deposit (12/31/14 CDs DDA Savings MMDA Total BPOP Continued 1: 92: C&I CRE 119% 23% 2Deposits: Loans: Portfolio portfolio /3% acquisition 12% NOW 20% includes includes Portfolio 21% 23% period focus Loan 23% 19% loans $5.1B 37% di
Slide 11: Net Interest Income
Netin2013 ($ 3Q $46.3 $38.2 $35.6 $35.2 $33.3 $26.9 +21% +39% 10 Interest millions) 4QIncome 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014
Slide 12: Noninterest Income
Noninterest ($ $4.4 $35.4 $1.1 $17.3 $2.6 $25.3 $0.4 $15.0 $4.2 $2.8 $12.1 $34.5 $3.6 $44.1 $26.1 $5.2 $40.9 $26.9 $10.3 4Q $25.0 Mortgage Gain Advisory All Branch 11 in2013 Other $1.8 $3.3 $6.7 millions) onSale Sale 1Q Service $3.0 $3.9 Banking Income 2014 of Loans Fees 2Q 2014 3Q 2014 4Q 2014
Slide 13: Base Noninterest Expense and Headcount
Base Noninterest ($ Number $5.9 $78.4 $67.6 $60.5 $57.8 $57.2 (Headcount) 149 1,475 658 634 1,292 647 573 1,220 690 527 1,217 878 506 1,384 $46.0 $11.3 $49.1 $8.7 $48.2 $12.3 $52.0 $13.2 $2.4 14Q in2013 Banc BPOP2 2: 12 664 $13.5 millions) Includes662 of 1Q$59.0 Home / TPG Employees Expenses Expense
Slide 14: Capital Position
Capital 4Q Tangible Banc Tier Total 1: 13 Tangible 2013 1risk of leverage risk Position California, 1Q common book based based equity 2014 value ratio capital capital 2Q equity per Inc. N.A. 8.0% 9.6% per 2014 common ratio ratio share share, to9.4% 7.6% 3Q tangible 14.7% 13.6% $adjusted 2014 share 9
Slide 15: Strong Liquidity Position
Strong Securities FHLB FRB Fed Repo Total Loans Cash All 14 Balances Funds Discount /& Cash Borrowing Cash, Agreements (excl. Deposits Unused Liquidity Cash (AFS) Lines &Securities HFS) December Equivalents Securities Window Capacity 4.9% Capacity Position $$/346 306 Deposits &million Capacity 31, $
Slide 16: Banc of California Positioned for Strategic Objectives
Banc Positioned Experienced Strong Diversified Well Seasoned 15 ofCredit California M&A Financial Leadership & in Integrator Liquidity Strong Investment Services Focused Markets Profile Earnings Opportunity on Strategic StreamObjectives
Slide 17: Appendix
Appendix
Slide 18: Non-GAAP Reconciliations
Non-GAAP This tangible those California these The Less: (dollars 2014 Common Class Minimum Total purchase 38,015,473 Tangible 17 following presentation YE shareholders’ assets common non-GAAP measures preferred goodwill other B in non-voting assets. assets common book contracts shares shares believe
Slide 19: Non-GAAP Reconciliations (cont.)
Non-GAAP This assets, reconciliations income California these The (dollars 2014 Average Net Less: Add: Adjusted Return income following presentation YE amortization impairment non-GAAP average preferred and on less in total tangible net average believes thousands) adjusted (loss) preferred Financial
Slide 20: Banc of California
f \ BANC OF J CALIFORNIA