Banc Of California, Inc. · NYSE:BANC
Banc Of California — Bank of America Merrill Lynch Banking & Financial Services Conference 2015
20 slides from Banc Of California's conference presentation, Nov 17, 2015
Slide 1: Investor Presentation - BofA Merrill Lynch Banking & Financial Services Conference
November 18, 2015 Investor Presentation Bank of America Merrill Lynch Banking & Financial Services Conference Exhibit 99.1
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: We Are California's Bank
We Are California’s Bank Empowering California’s Diverse Private Businesses, Entrepreneurs and Communities
Slide 4: We Are California's Bank
We Are California’s Bank. 8th Largest Public Independent California Bank $7.3 Billion In Assets 100+ Locations Total Assets ($ in billions) +331% Net Income ($ in millions) +858%
Slide 5: We Empower California's Businesses and Entrepreneurs
Loans1 ($ in billions) Lending Platform Commercial Commercial Real Estate Multi-Family Residential SBA Equipment Finance Asset Backed Lines of Credit Warehouse Construction and Rehabilitation Entertainment and Private We Empower California’s Businesses and Entrepreneurs 2015 Loan Originations Over $
Slide 6: We Empower California's Diverse Communities
Clinton Global Initiative, America Community Commitment SDSU Athletics Financial Literacy Partnership Pepperdine Micro-Enterprise Program USC Athletics Financial Literacy Partnership We Empower California’s Diverse Communities Largest Independent Bank in California with an Outstanding CRA Rating Wor
Slide 7: Resulting in Strong and Accelerating Earnings
Resulting in Strong and Accelerating Earnings What’s Good for California is Good for Banc of California’s Shareholders Dollars in millions; Annualized 2015 results based on YTD results thru 3Q15. Return on Assets and Return on Tangible Common Equity based on average assets and average tangible commo
Slide 8: Delivering Strong, Consistent Shareholder Returns
Delivering Strong, Consistent Shareholder Returns Six Straight Quarters Above Consensus EPS Estimates Dollars in millions. Return on Assets and Return on Tangible Common Equity based on average assets and average tangible common equity, respectively, over stated time periods. Earnings per Share Pret
Slide 9: Commercial Banking Segment Driving Profitability
Commercial Banking Segment Driving Profitability $20+ Million Increase in Quarterly Commercial Banking Pre-Tax Income 1Business Segment Total; excludes Corporate / Other segment. 3Q 2015 Pre-Tax Income by Business Segment1 Net interest income has grown 45% year-over-year $31.5 $35.8 $26.2 $9.6 Comme
Slide 10: Increasingly Valuable Deposit Franchise
Increasingly Valuable Deposit Franchise Rapid Growth In Noninterest-Bearing Deposits Driving Reduced Cost of Deposits $5.4 $3.6 $4.7 $4.9 $5.1 121% 39% 19% 13% 14% 15% 17% 81% 87% 86% 85% 83% Record core deposit growth in 3Q15 Net core deposit balances increased by $317 million by increasing average
Slide 11: Noninterest Expense and Productivity
Noninterest Expense ($ 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 $81.7 Assets / FTE ($ in millions) Assets per employee have i
Slide 12: 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 13: We Believe in California
We Believe in California. Large and Attractive Demographic Base 38.8 million population in CA1 Population growth of 4.2% well above national average of 3.3%2 CA household income of $61,094 is 15% higher than the national average of $53,0463 Solid and Improving Employment Trends 5.9% CA unemployment
Slide 14: Attractive Banking Landscape in California
Attractive Banking Landscape in California California’s Changing Bank Landscape Since 2005 CA-based Banks Total Assets1 (YE 2005) Status Union Bank $ 48,678,662 Acquired IndyMac Bank 20,329,938 Failed Downey Savings & Loan 17,094,008 Failed Wachovia Bank 15,878,043 Acquired City National Bank 14,398
Slide 15: Unbounded Opportunity for California Bank Franchises
1Time series starts with bank crossing of $2 billion in total assets. Unbounded Opportunity for California Bank Franchises California Is Ground Zero for Emerging National Bank Franchises Asset Growth For Premier California Bank Franchises Year 0 = $2 billion in Total Assets; $ in billions
Slide 16: Well Positioned for 2016: Year-End and 2016 Preliminary Guidance
Metric YE 2015 FY 2016 Earnings Per Share1 $1.15+ 15%+ YoY Total Assets1 $8.0 - $8.5 billion 15%+ YoY ROAA 1%+ 1%+ ROATCE 15%+ 15%+ Consolidated Efficiency Ratio 70% - 75% 65% - 70% 1Year-end Exit Run-Rate 2015; assumed launch point for FY2016 guidance. Banc of California Well Positioned for 2016 Ye
Slide 17: Vision: We Are California's Bank
VISION We Are California’s Bank.
Slide 18: Mission
MISSION Empowering California’s Diverse Private Businesses, Entrepreneurs and Communities
Slide 19: We Believe
WE BELIEVE We Believe In Empowering Dreams. We Believe In Strong Partnerships. We Believe In California.
Slide 20: Entrepreneurialism
ENTREPRENEURIALISM WE ARI RNIA’S BANK Empowering Diverse es, Entrepreneurs and Communiti OPERATIONAL EXCELLENCE SUPERIOR ANALYTICS BANC OF CALIFORNIA