Banc Of California, Inc. · NYSE:BANC
Banc Of California — Q3 2015 Earnings Presentation
12 slides from Banc Of California's earnings presentation, Oct 29, 2015
Slide 1: 2015 Third Quarter Earnings
2015 Third Quarter Earnings October 29, 2015 Investor Presentation Exhibit 99.2
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: Banc of California
Banc of California 8th largest public independent California bank $7.3 billion in assets 100+ banking locations throughout California and the West Total Assets ($ in billions) Net Income ($ in millions) +858% +331% We are committed to building the top full-service bank empowering California’s divers
Slide 4: Third Quarter Highlights
Third Quarter Highlights $0.29 diluted EPS; 0.9% ROAA; 12% ROATCE Record quarterly core deposit growth exceeding $500 million1 Average deposit balance per account increased 14% quarter-over-quarter Noninterest bearing deposits increased 17% quarter-over-quarter Record quarterly commercial banking se
Slide 5: Strong and Accelerating Financial Results
Strong and Accelerating Financial Results Growth Continues to be Accretive to Earnings, EPS, ROAA and ROATCE $1.24 2015 YTD Annualized $98.0 Dollars in millions Return on Assets and Return on Tangible Common Equity based on average assets and average tangible common equity, respectively, over stated
Slide 6: On Track to Meet Management's 2015 Guidance
On Track to Meet Management’s 2015 Guidance Six Straight Quarters Above Consensus EPS Estimates Stated Year-End 2015 Run Rate Targets 1% 15% 1 Dollars in millions Return on Assets and Return on Tangible Common Equity based on average assets and average tangible common equity, respectively, over stat
Slide 7: Commercial Banking Segment Drives Profitability
Commercial Banking Segment Drives Profitability $20+ Million Increase in Quarterly Commercial Banking Pre-Tax Income since Popular Acquisition 1Business Segment Total; excludes Corporate / Other segment 3Q 2015 Pre-Tax Income by Business Segment1 Net interest income has grown 45% year-over-year Reco
Slide 8: Noninterest Expense and Productivity
Noninterest Expense ($ in millions) Assets / FTE ($ in millions) Noninterest Expense and Productivity Investments in Scalable Platform Yielding Positive Results $67.4 $78.2 1 $75.9 1Includes Mortgage Banking-related commissions, bonus and loan-related expenses. $87.9 $81.7
Slide 9: Deposit Growth Driven by Deepening Client Relationships
Deposit Growth Driven by Deepening Client Relationships Winning Market Share Through Higher Per Account Core Deposit Balances $5.4 $3.6 $4.7 $4.9 $5.1 Total Deposits ($ in billions) 121% 39% 19% 13% 14% 15% 17% 81% 87% 86% 85% 83% Net deposit balances increased by $317 million by increasing average
Slide 10: Accelerating Commercial Banking Loan Originations
Accelerating Commercial Banking Loan Originations On pace to meet 2015 guidance for total annual originations of $7+ billion Commercial Banking Segment Gross Loan Originations ($ in millions) Business loan and lease balances now exceed CRE and Multifamily loan categories (1) New commercial banking s
Slide 11: Asset Quality Remains Strong and Stable
Asset Quality Remains Strong and Stable Strengthening Credit Metrics Resulting in Increased ALLL / NPL Coverage Ratio 3Q 2014 4Q 2014 1Q 2015 2Q 2015 3Q 2015 % Change YoY NPAs / Assets 0.86% 0.65% 0.71% 0.66% 0.62% (28%) NPAs / Equity 8.7% 7.7% 8.4% 6.7% 7.0% (20%) ALLL / NPLs 66% 77% 69% 81% 77% +
Slide 12: Year-End and 2016 Preliminary Guidance
Year-End and 2016 Preliminary Guidance Metric YE 2015 FY 2016 Earnings Per Share $1.15+ 15%+ YoY Total Assets $8.0 - $8.5 billion 15%+ YoY ROAA1 1%+ 1%+ ROATCE1 15%+ 15%+ Efficiency Ratio1 70% - 75% 65% - 70% 1Year-end Exit Run-Rate 2015; assumed launch point for FY2016 guidance