BANC OF CALIFORNIA, INC. (BANC) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	1.8B	1.8B	1.9B	1.5B	1.6B
Cost of Revenue	837.8M	747.7M	929.5M	1.3B	290.2M
Gross Profit	952.2M	1.1B	943.1M	226.4M	1.3B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	520.5M	557.8M	412.2M	468.0M	432.3M
General & Admin Expense	520.5M	557.8M	412.2M	468.0M	432.3M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	450.8M	179.5M	362.3M	2.0B	316.6M
Total Operating Expenses	971.4M	737.3M	774.4M	2.4B	748.9M
Cost and Expenses	1.8B	1.5B	1.7B	3.7B	1.0B
Operating Income (EBIT)	(19.2M)	325.6M	168.7M	(2.2B)	567.6M
Non-Operating
Interest Income	1.7B	1.7B	1.8B	2.0B	1.6B
Interest Expense	655.8M	699.3M	886.7M	1.2B	265.7M
Net Interest Income	1.0B	977.4M	926.0M	747.1M	1.3B
Other Non-Op Income/Expense	(12.5M)	(12.5M)	—	—	—
Non-Operating Income (excl Interest)	(170.3M)	—	—	—	—
EBT (Pre-Tax Income)	(31.7M)	313.1M	168.7M	(2.2B)	567.6M
Income Tax Expense	(23.8M)	84.1M	41.8M	(312.2M)	144.0M
Bottom Line
Net Income	(7.8M)	229.0M	126.9M	(1.9B)	423.6M
Earnings from Cont. Ops	(7.8M)	229.0M	126.9M	(1.9B)	423.6M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(47.6M)	189.2M	87.1M	(1.9B)	404.3M
Per Share
Basic EPS	($0.33)	$1.18	$0.52	($22.71)	$0.85
Diluted EPS	($0.28)	$1.18	$0.52	($22.71)	$0.85
Revenue Per Share	$11.30	$11.65	$11.12	$10.51	$11.24
Shares
Basic Shares Outstanding	158.4M	155.4M	168.4M	143.0M	143.0M
Diluted Shares Outstanding	160.3M	160.1M	168.7M	143.0M	143.0M
Profitability Metrics
EBITDA	224.4M	426.6M	290.1M	(2.1B)	665.0M
D&A	73.3M	101.0M	121.4M	91.3M	97.4M
EBIT	151.1M	325.6M	168.7M	(2.2B)	567.6M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026