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Banc of California Q1 2025 Earnings Report
Banc of California, Inc. reported its first quarter 2025 financial results, with diluted earnings per share of $0.26 and annualized loan growth of 6%.
Key Takeaways
Banc of California, Inc. reported net earnings available to common and equivalent stockholders of $43.6 million, or $0.26 per diluted common share, for the first quarter of 2025. The company also announced an upsize of its stock repurchase program to $300 million.
Total loans grew by 6% annualized, or $344.9 million, driven by increases in nearly all loan segments.
Net interest margin increased by 4 basis points to 3.08%, primarily due to lower average costs of deposits.
The company repurchased $38.5 million of common stock at a weighted average price of $14.36 per share during the first quarter.
Book value per share increased to $18.17, up 2.2% from the previous quarter, and tangible book value per share increased to $16.12, up 2.5%.
Forward Guidance
While the economic outlook remains uncertain, Banc of California expects continued expansion in net interest margin, loan and deposit growth, and improvement in operating efficiency. The company remains committed to leveraging its position of strength to serve customers.
Positive Outlook
- Continued expansion in net interest margin.
- Continued loan growth.
- Continued deposit growth.
- Improvement in operating efficiency.
- Healthy capital, liquidity, and credit loss coverage positions.
Challenges Ahead
- Uncertain economic outlook.
- Market volatility.
- Potential for increased loan delinquencies, losses, and non-performing assets.
- Risk of adverse effects from legislative or regulatory changes.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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