Banc Of California, Inc. · NYSE:BANC
Banc Of California — Sandler O'Neill West Coast Financial Services Conference 2015
13 slides from Banc Of California's conference presentation, Mar 10, 2015
Slide 1: Investor Presentation
Exhibit 99.1 Investor Presentation Sandler O’Neill West Coast Financial Services Conference March 11, 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: Company Overview
Company Overview Largest bank based in Orange County, CA Common Stock: BANC (NYSE) Preferred Stock: BANC PRC (NYSE) Senior Debt: BOCA (NYSE) Franchise $6 billion in assets and over $5 billion in annual loan originations 100+ banking locations (1), including 40 branches in Los Angeles, Orange and San
Slide 4: Building California's Bank
Building California’s Bank Banc of California has been successful in growing its asset both base organically as well as through opportunistic acquisitions since its recap in November 2010 Gateway Bancorp and Beach Business Bank, 2012 $6,000 The Private Bank of California, CS Financial, and The Palis
Slide 5: Operating Platform Built To Scale
Operating Platform Built To Scale FY 2014 All in Productivity Annualized Salary Cost per Account 1,250 300 BPOP Acquisition Closed 250 1,000 BPOP BPOP Acquisition Acquisition Announced 200 Announced 750 BPOP Acquisition 150 Closed 500 100 250 50 0 0 4
Slide 6: Our Mission
Our Mission Banc of California is committed to i. building the top full-service bank serving California’s diverse private businesses, entrepreneurs, and homeowners, and ii. investing in and growing complementary businesses that enhance shareholder value and serve as a source of strength to the bank.
Slide 7: Full-Service Lending Platform
Full-Service Lending Platform Private Business C&I Lending, Lines of Credit, ABL Facilities, Owner Occupied CRE, SBA Lending, Equipment Finance, Specialties, Acquisition Financing, ESOP Financing Entrepreneurs and Family Offices Lines of Credit, Investor CRE, Multi-Family, Acquisition Financing, C&I
Slide 8: Loans Portfolio
Loans Portfolio Total Loans (HFS / HFI) Total Loans ($ in millions) BPOP $5,136 $23 $167 $1,187 HFS SFR $3,698 $3,839 23% 23% $3,397 $134 $142 $3,163 Other $123 $1,172 $116 $1,127 3% $1,096 $717 $1,000 C&I CRE $480 12% 20% $956 MF $1,213 $1,191 $1,287 $1,159 19% $367 $497 $142 $155 $234 $1,042 $555
Slide 9: Deposits Franchise
Deposits Franchise Total Deposits Total Deposits ($ in billions) BPOP $4.7 Time Deposits $3.6 19% $3.3 DDA/NOW $3.1 37% $2.9 Money $4.01 Market 23% $.9 $3.17 Savings $2.68 $2.94 $2.49 21% $.15 $4.7 billion $0.43 $0.43 $0.41 $0.46 $0.66 Cost of Deposits: 0.60% $1.05 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q
Slide 10: Net Interest Income
Net Interest Income Net Interest Income Loan Yields ($ in millions) $46.3 5.18% 5.12% 4.75% 4.62% 4.60% $35.6 $38.2 $33.3 $35.2 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 Consolidated Net Interest Margin* Cost of Deposits 3.90% 4.00% 3.70% 3.58% 3.65% 0.77% 0.77%
Slide 11: Noninterest Income and Expenses
Noninterest Income and Expenses Noninterest Income Noninterest Expense ($ in millions) ($ in millions) $44.1 $78.4 $3.6 $40.9 $5.9 $3.3 $5.2 $67.6 $35.4 $2.4 $4.4 $6.7 $60.5 $13.5 $10.3 $57.2 $57.8 $1.8 $25.3 $3.0 $3.9 $13.2 22.4* $12.3 $4.2 $8.7 $11.3 $2.8 $0.4 $2.6 $1.1 $4.2 $26.1 $26.9 $25.0 $59.
Slide 12: Financial Performance
Financial Performance 1 Net Interest Margin Efficiency Ratio 3.75 – 4.00% 4.19% 3.88% 70 – 4.05% 3.78% 3.82% 75% 84% 96% 85% 90% 82% 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 ROAA ROATCE 15% 1.0% 12.0% 1.0% 13.2% 11.2% 0.8% 0.8% 6.0% 0.4% 0.1% 0.9% 4Q 2013 1Q 20
Slide 13: A Top California Bank at an Attractive Entry Point
A Top California Bank at an Attractive Entry Point BANC is the 9th largest public independent California bank Proven ability to attract and grow low cost retail deposits Proven ability to build a scalable and diverse commercial lending platform Proven M&A capabilities Compelling economic model with
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