Banc Of California, Inc. · NYSE:BANC
Banc Of California — Q1 2015 Earnings Presentation
14 slides from Banc Of California's earnings presentation, Apr 29, 2015
Slide 1: Investor Presentation: 2015 First Quarter Earnings
Exhibit 99.2 Investor Presentation 2015 First Quarter Earnings April 30, 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: 2015 First Quarter Accomplishments
2015 First Quarter Accomplishments Netincomeavailableto commonshareholdersof $11.7million,or $0.29per dilutedshare, up from $9.2 million, or $0.25 per diluted share from the prior quarter, and up from a net Net Income loss to common shareholders of $(0.2) million, or $(0.01) per diluted share from a
Slide 4: Income Statement
Income Statement ($ in millions except per share data) 1Q 2015 4Q 2014 1Q 2014 Net Interest Income $52.0 $46.3 $35.2 Noninterest Income 46.0 40.9 25.3 Total Revenue 98.0 87.2 60.5 Expenses (75.9) (78.2) (57.6) Pre-Tax, Pre-Provision Income 22.1 9.0 2.9 Provision 0.0 (4.2) (1.9) Pre-Tax Income 22.1 4
Slide 5: Business Segments
Business Segments ($ in millions) Pre-Tax Income 1Q 2015 4Q 2014 B/W Banking segment represented: Over 70% of consolidated Banking $15.9 $3.1 $12.8 pre-tax profitability Approximately 75% of Mortgage Banking 9.6 3.2 6.4 increase in quarter over Financial Advisory / Asset quarter pre-tax profits 0.6
Slide 6: Net Interest Income and Net Interest Margin
Net Interest Income and Net Interest Margin Net InterestIncome($ in millions) Net Interest Margin Net interest income benefited from full quarter impact Consolidated net interest margin expanded due to of Popular acquisition deposit repricing +48% YoY -8% YoY $52.0 $46.3 4.00% 3.70% 3.65% 3.69% 3.58
Slide 7: Noninterest Income
Noninterest Income Noninterest Income ($ in millions) $46.0 $44.1 $2.4 $3.6 $40.9 $1.2 $4.5 $3.3 $5.2 $35.4 $4.4 $10.3 $6.7 $1.8 $25.3 $3.0 $3.9 $4.2 $1.1 $2.6 $37.9 $26.1 $26.9 $25.0 $17.3 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 Mortgage Banking Gain on Sale of Loans Advisory Service Fees All Other
Slide 8: Noninterest Expenses
Noninterest Expenses Noninterest Expense Number of Employees ($ in millions) (Headcount) $78.2 $75.9 $5.9 $67.4 1,533 $2.4 $17.6 1,475 $13.5 $60.3 1,292 $57.6 $13.2 1,217 1,220 $8.7 $12.3 2 805 813 527 573 634 $58.8 $58.3 $48.9 $51.8 $48.0 690 647 658 662 728 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015
Slide 9: Balance Sheet
Balance Sheet ($ in millions, period ending balances) 1Q 2015 4Q 2014 1Q 2014 Cash and All Deposits in Financial Institutions $ 267 $ 233 $ 335 Securities 394 346 108 Loans Held for Sale 1,241 1,187 1,000 Loans Held for Investment 3,934 3,949 2,397 ALLL (29) (29) (20) All Other Assets 291 286 210 To
Slide 10: Loan Portfolio
Loan Portfolio Total Loans (HFS/HFI) ($ in millions) $5,136 $5,175 $167 $171 $1,187 $1,241 $3,698 $3,839 $3,397 $142 $134 $123 $1,172 $1,169 $1,096 $1,127 $1,000 $956 $940 $1,213 $1,191 $1,159 $234 $367 $1,042 $1,014 $155 $586 $567 $548 $455 $464 $613 $639 $374 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 201
Slide 11: Deposit Portfolio
Deposit Portfolio Total Deposits Deposit Mix ($ in billions) (3/31/15 period end balance) $4.7 $4.9 $3.6 CDs $3.3 22% DDA / $3.1 NOW $4.1 37% $4.0 Money $2.9 $3.2 Market $2.7 23% Savings 18% $0.43 $0.46 $0.66 $0.75 $0.41 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 Cost of Deposits: 0.77% 0.74% 0.70% 0.6
Slide 12: Capital Position
Capital Position Regulatory 1Q 2Q 3Q 4Q 1Q Pro Well-Capitalized 1 2014 2014 2014 2014 2015 Forma Ratio Banc of California, Inc. Tangible Equity to Tangible Assets (TE/TA) 7.1% 9.1% 9.0% 7.5% 7.6% 9.0% Tier 1 Leverage Ratio 7.6% 9.9% 9.3% 8.6% 8.0% 9.9% Tier 1 Risk-based Capital Ratio 10.9% 14.1% 14.
Slide 13: Asset Quality
Asset Quality ($ in millions unless otherwise noted) 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 Total Loans (HFI + HFS) $3.4 bln $3.7 bln $3.8 bln $5.1 bln $5.2 bln Delinquent non-PCI loans to total non-PCI loans 2.21% 2.69% 2.08% 1.55% 1.66% Non-performing Loans, excluding PCI loans $32.4 $41.6 $38.3
Slide 14: Financial Performance Targets
Financial Performance Targets 1 Net Interest Margin Efficiency Ratio 3.75 – 4.00% 70 – 75% 4.19% 3.78% 3.88% 3.82% 3.84% 95% 85% 90% 82% 77% 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 ROAA ROATCE 15% 1% 13.3% 12.0% 13.5% 0.8% 1.0% 11.2% 0.8% 0.9% 0.1% 0.9% 1Q 201