Banc Of California, Inc. · NYSE:BANC
Banc Of California — Q2 2014 Earnings Presentation
12 slides from Banc Of California's earnings presentation, Jul 31, 2014
Slide 1: Second Quarter 2014 Earnings Investor Presentation
Exhibit 99.2 Exhibit Investor 2014 July 31, Second 99.2 2014 Presentation Quarter Earnings
Slide 2: Forward-looking statements
Forward-looking When approval expressions statements, California anticipated Factors give that approvals; may transactions; losses reserves; interest (ix) us levels, changes work on judgments; (xxi) (xxiii) Accounting methods; described 1any by which fluctuations such may disrupt rise earthquake, fo
Slide 3: Second Quarter 2014 Highlights
2014Interest Return Loan Total Deposit Net Balances Noninterest Income compared Tier Capital 2Tangible income Income 1Second loan deposits and Risk-Based on Tier Net Mortgage Common to average tangible balances of income million Net interest 12.96% Quarter Leverage increased $8.1 income interest ban
Slide 4: Income Statement
Income ($ 1Q Noninterest Total Expenses Pre-Tax, Provision Pre-Tax Taxes Preferred Net Diluted ROAA 3*ROTCE Figures in2014 Interest Income millions Revenue n/a 0.1% Statement Earnings Income 0.9% Pre-Provision 2Q Dividends may $(57.8) $(0.3) $(1.9) Available Income $0.8 2014 0.8% except 12.0% not $6
Slide 5: Net Interest Income
($ in2014 $35.6 $35.2 $33.3 $26.9 $21.6 3Q 4Q 1Q 2Q Net 4Average quarter 2013 Interest interest millions) interest-earning income Income increased assetsbyincreased $390 thousand by $291from million, the first or 8% quarter from the first quarter Average cost of interest-bearing liabilities declined
Slide 6: Noninterest Income
Noninterest ($ $20.3 $5.8 3Q $16.2 $2.0 $18.2 4Q $15.0 $7.4 $12.1 $34.5 1Q $17.3 $8.0 $25.3 $9.2 $35.4 All Branch Mortgage 52Q $26.1 inmortgage 2013 2014 Other millions) Sale Banking banking Income banking revenue gain on wassale $26.1 ratemillion of 3.25%, for the up from second 2.96% quarter, at Q
Slide 7: Noninterest Expense and Headcount
Noninterest ($ Number $48.2 $12.3 $60.5 $49.1 $8.7 $57.8 $46.0 $11.3 $57.2 $43.5 $8.8 $52.3 1,318 (Headcount) 749 471 1,220 788 Volume-Related Fixed 3Q 4Q 1Q 2Q Residential Bank Non Volume-related 621Employee Includes in2014 2013 volume-related millions) /431 TPG of887 count commissions, Banc Employ
Slide 8: Balance Sheet
Balance ($ 1Q Cash Securities Loans ALLL Deposits FHLB Notes All Equity 7*Total Figures in2014 Other millions, Assets and Liabilities Payable Held Advances $(20) $325 Sheet 2Q $3,109 All Assets may Liabilities $108 for $4,031 $439 $(23) 2014 Deposits period not $82 Sale Investment $233 $3,705 and $3
Slide 9: Organic Loan Growth
Organic Total ($ $3.7 $3.4 $3.2 $3.0 $1.9 3Q 4Q 1Q 2Q Loan 2Q14 Other Residential Multifamily C&I/SBA/Leases CRE Gross ($19) $11 $54 $79 $81 Strength 81*LHFI All Excludes in2014 2013 billions) /Balances Loans Growth mix vs. Consumer loan Construction Loan across 1Q14 continues balances loans (HFS/HF
Slide 10: Total Deposit Balances
Total ($ Branch $3.3 $3.1 $2.9 $2.8 $2.1 3Q 4Q 1Q 2Q Deposit Money Focused 9*Opened All in2014 2013 billions) Balances Deposits market Sale new Portfolio balances on continued $463mln branch June balances +$238 30, location growth 2014 increased million in Period-End ofFullerton, compared core by $1
Slide 11: Strong Capital Position
Strong 4Q Tangible Banc Tier 1Total Represents 10 Tangible 2013 1risk of leverage risk Capital California, 1Q common book based based book the 2014 value Position effect ratio capital value capital 2Q equity Inc. N.A. 8.0% 9.6% per on 2014 per ratio ratio TBV/share share1 toshare 7.6% 9.4% tangible
Slide 12: Asset Quality
Asset 4Q ($ Total Non-performing NPLs NPAs Net Provision ALLL 11 in2013 Charge millions Loans Quality /& ($) Assets Loans 1Q Discount for $18.8 Offs (HFI 2014 Loan unless 1.29% 0.87% $20.0 Loans (recoveries) /2Q /HFS) Losses Loans otherwise 1.35% 0.81% 2014 $22.6 $31.6 $3.2 $1.8 6.99% 1.60% 0.96% $0