Banc of California posts $86.3M nine-month loss

A nine-month securities repositioning included $2,312.952 million of available-for-sale sales at amortized cost and a $251.020 million net realized loss.

Available on EDGAR 11/06/2026 - 04:14 PM EST Accepted by SEC EDGAR 11/06/2026 - 04:12 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Banc of California, Inc. (BANC) reported third-quarter 2026 net earnings of $83.057 million, versus $69.629 million in the prior-year quarter. Nine-month results were a $86.338 million net loss, compared with $151.582 million in net earnings a year earlier. Third-quarter net interest income was $272.442 million, and the provision for credit losses was $10.400 million.

At September 30, 2026, assets were $34,965.495 million and deposits were $28,260.309 million. Nine-month net cash from operating activities was $277.447 million, versus $153.517 million a year earlier. The company transferred all held-to-maturity securities to available-for-sale at fair value in its second-quarter repositioning and held no securities classified as held-to-maturity at quarter-end. It sold available-for-sale securities with $2,312.952 million amortized cost over the nine months, recording a $251.020 million net realized loss. Available-for-sale securities had $369.624 million in gross unrealized losses at quarter-end. Nonaccrual loans were $177.233 million at September 30, 2026.

2 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 2 points

How the balance works

Positive

• Moderate pointThird-quarter net earnings were $83.057 million, versus $69.629 million a year earlier.
• Moderate pointOperating cash flow was $277.447 million, versus $153.517 million a year earlier.

Negative

• Moderate pointNine-month results showed a $86.338 million net loss, versus $151.582 million in net earnings.
• Minor pointAvailable-for-sale securities sales produced a $251.020 million net realized loss over nine months.

Filing Explained

At September 30, 2026, 157,982,314 voting common shares had been issued, with the 4,094,932-share warrant issuance included in that count.

Banc of California reports that warrants were exercised for 4,094,932 voting common shares in the quarter ended June 30, 2026; issuing those shares increases the share count and reduces existing holders’ percentage ownership absent offsetting changes.

The nine-month cash-flow statement also lists $385,000 thousand for redemption of subordinated debt through September 30, 2026.

Key Figures

Third-quarter net earnings: $83.057 million Nine-month net loss: $86.338 million loss Net interest income: $272.442 million +4 more

7 metrics

Third-quarter net earnings $83.057 million Three months ended September 30, 2026

Nine-month net loss $86.338 million loss Nine months ended September 30, 2026

Net interest income $272.442 million Three months ended September 30, 2026

Net cash provided by operating activities $277.447 million Nine months ended September 30, 2026

Total assets $34,965.495 million As of September 30, 2026

Total deposits $28,260.309 million As of September 30, 2026

Net loss on sale of securities $251.020 million loss Nine months ended September 30, 2026

Key Terms

nonaccrual loans and leases, Available-for-Sale, Held-to-Maturity, Allowance for Credit Losses, +1 more

5 terms

nonaccrual loans and leases financial

"At September 30, 2026, nonaccrual loans and leases included"

Available-for-Sale financial

"Securities Available-for-Sale"

A classification for bonds, stocks or other investments that a company plans to keep but might sell before they reach full term. Think of it like items a shop keeps on a shelf for potential sale: their market value can go up or down while the company holds them, and those unrealized gains or losses are shown separately from operating profit until they are sold. Investors watch this because large swings can change a company’s reported net worth and signal how much flexibility it has to raise cash quickly.

Held-to-Maturity financial

"Securities Held-to-Maturity"

A held-to-maturity asset is a debt investment a company plans and is able to keep until the loan or bond reaches its scheduled end, when the principal is repaid. For investors, this classification matters because the holder treats the investment like a locked-in loan—avoiding short-term price swings in financial statements and signaling a steady income expectation, similar to lending money to a friend with a fixed repayment date.

Allowance for Credit Losses financial

"ACL | Allowance for Credit Losses"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

classified loans and leases financial

"Classified loans and leases are those with a credit risk rating"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were BANC's third-quarter 2026 earnings?

BANC reported third-quarter 2026 net earnings of $83.057 million, compared with $69.629 million in the third quarter of 2025.

Did BANC make a profit for the first nine months of 2026?

No. For the nine months ended September 30, 2026, BANC recorded a $86.338 million net loss, compared with net earnings of $151.582 million for the same period in 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

10-Q Quarterly Reports: What Changes Quarter to Quarter →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

000116977012/312026Q3falseP3Y0.025xbrli:sharesiso4217:USDiso4217:USDxbrli:sharesbanc:securitybanc:loanxbrli:pureutr:Ratebanc:classiso4217:EURbanc:daybanc:segment00011697702026-01-012026-09-300001169770us-gaap:CommonStockMember2026-01-012026-09-300001169770us-gaap:SeriesFPreferredStockMember2026-01-012026-09-3000011697702026-10-3000011697702026-09-3000011697702025-12-310001169770us-gaap:CommonStockMember2025-12-310001169770us-gaap:CommonStockMember2026-09-300001169770us-gaap:NonvotingCommonStockMember2025-12-310001169770us-gaap:NonvotingCommonStockMember2026-09-300001169770banc:NonVotingCommonStockEquivalentsMember2025-12-310001169770banc:NonVotingCommonStockEquivalentsMember2026-09-3000011697702026-07-012026-09-3000011697702026-04-012026-06-3000011697702025-07-012025-09-3000011697702025-01-012025-09-300001169770us-gaap:PreferredStockMember2025-12-310001169770banc:CommonStockVotingMemberus-gaap:CommonStockMember2025-12-310001169770us-gaap:NonvotingCommonStockMemberus-gaap:CommonStockMember2025-12-310001169770banc:NonVotingCommonStockEquivalentsMember2025-12-310001169770us-gaap:AdditionalPaidInCapitalMember2025-12-310001169770us-gaap:RetainedEarningsMember2025-12-310001169770us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-12-310001169770us-gaap:RetainedEarningsMember2026-01-012026-03-3100011697702026-01-012026-03-310001169770us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-01-012026-03-310001169770banc:CommonStockVotingMemberus-gaap:CommonStockMember2026-01-012026-03-310001169770us-gaap:AdditionalPaidInCapitalMember2026-01-012026-03-310001169770banc:NonVotingCommonStockEquivalentsMember2026-01-012026-03-310001169770us-gaap:PreferredStockMember2026-03-310001169770banc:CommonStockVotingMemberus-gaap:CommonStockMember2026-03-310001169770us-gaap:NonvotingCommonStockMemberus-gaap:CommonStockMember2026-03-310001169770banc:NonVotingCommonStockEquivalentsMember2026-03-310001169770us-gaap:AdditionalPaidInCapitalMember2026-03-310001169770us-gaap:RetainedEarningsMember2026-03-310001169770us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-03-3100011697702026-03-310001169770us-gaap:RetainedEarningsMember2026-04-012026-06-300001169770us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-04-012026-06-300001169770banc:CommonStockVotingMemberus-gaap:CommonStockMember2026-04-012026-06-300001169770us-gaap:AdditionalPaidInCapitalMember2026-04-012026-06-300001169770us-gaap:PreferredStockMember2026-06-300001169770banc:CommonStockVotingMemberus-gaap:CommonStockMember2026-06-300001169770us-gaap:NonvotingCommonStockMemberus-gaap:CommonStockMember2026-06-300001169770banc:NonVotingCommonStockEquivalentsMember2026-06-300001169770us-gaap:AdditionalPaidInCapitalMember2026-06-300001169770us-gaap:RetainedEarningsMember2026-06-300001169770us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-06-3000011697702026-06-300001169770us-gaap:RetainedEarningsMember2026-07-012026-09-300001169770us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-07-012026-09-300001169770us-gaap:AdditionalPaidInCapitalMember2026-07-012026-09-300001169770us-gaap:PreferredStockMember2026-09-300001169770banc:CommonStockVotingMemberus-gaap:CommonStockMember2026-09-300001169770us-gaap:NonvotingCommonStockMemberus-gaap:CommonStockMember2026-09-300001169770banc:NonVotingCommonStockEquivalentsMember2026-09-300001169770us-gaap:AdditionalPaidInCapitalMember2026-09-300001169770us-gaap:RetainedEarningsMember2026-09-300001169770us-gaap:AccumulatedOtherComprehensiveIncomeMember2026-09-300001169770banc:CommonStockVotingMemberus-gaap:CommonStockMember2026-07-012026-09-300001169770us-gaap:PreferredStockMember2024-12-310001169770banc:CommonStockVotingMemberus-gaap:CommonStockMember2024-12-310001169770us-gaap:NonvotingCommonStockMemberus-gaap:CommonStockMember2024-12-310001169770banc:NonVotingCommonStockEquivalentsMember2024-12-310001169770us-gaap:AdditionalPaidInCapitalMember2024-12-310001169770us-gaap:RetainedEarningsMember2024-12-310001169770us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-12-3100011697702024-12-310001169770us-gaap:RetainedEarningsMember2025-01-012025-03-3100011697702025-01-012025-03-310001169770us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-01-012025-03-310001169770banc:CommonStockVotingMemberus-gaap:CommonStockMember2025-01-012025-03-310001169770us-gaap:AdditionalPaidInCapitalMember2025-01-012025-03-310001169770us-gaap:PreferredStockMember2025-03-310001169770banc:CommonStockVotingMemberus-gaap:CommonStockMember2025-03-310001169770us-gaap:NonvotingCommonStockMemberus-gaap:CommonStockMember2025-03-310001169770banc:NonVotingCommonStockEquivalentsMember2025-03-310001169770us-gaap:AdditionalPaidInCapitalMember2025-03-310001169770us-gaap:RetainedEarningsMember2025-03-310001169770us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-03-3100011697702025-03-310001169770us-gaap:RetainedEarningsMember2025-04-012025-06-3000011697702025-04-012025-06-300001169770us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-04-012025-06-300001169770banc:CommonStockVotingMemberus-gaap:CommonStockMember2025-04-012025-06-300001169770us-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-300001169770us-gaap:PreferredStockMember2025-06-300001169770banc:CommonStockVotingMemberus-gaap:CommonStockMember2025-06-300001169770us-gaap:NonvotingCommonStockMemberus-gaap:CommonStockMember2025-06-300001169770banc:NonVotingCommonStockEquivalentsMember2025-06-300001169770us-gaap:AdditionalPaidInCapitalMember2025-06-300001169770us-gaap:RetainedEarningsMember2025-06-300001169770us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-06-3000011697702025-06-300001169770us-gaap:RetainedEarningsMember2025-07-012025-09-300001169770us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-07-012025-09-300001169770us-gaap:AdditionalPaidInCapitalMember2025-07-012025-09-300001169770banc:CommonStockVotingMemberus-gaap:CommonStockMember2025-07-012025-09-300001169770banc:NonVotingCommonStockEquivalentsMember2025-07-012025-09-300001169770us-gaap:PreferredStockMember2025-09-300001169770banc:CommonStockVotingMemberus-gaap:CommonStockMember2025-09-300001169770us-gaap:NonvotingCommonStockMemberus-gaap:CommonStockMember2025-09-300001169770banc:NonVotingCommonStockEquivalentsMember2025-09-300001169770us-gaap:AdditionalPaidInCapitalMember2025-09-300001169770us-gaap:RetainedEarningsMember2025-09-300001169770us-gaap:AccumulatedOtherComprehensiveIncomeMember2025-09-3000011697702025-09-300001169770us-gaap:StandbyLettersOfCreditMember2026-09-300001169770us-gaap:StandbyLettersOfCreditMember2025-12-310001169770us-gaap:ResidentialMortgageBackedSecuritiesMember2026-09-300001169770us-gaap:USTreasurySecuritiesMember2026-09-300001169770us-gaap:CommercialMortgageBackedSecuritiesMember2026-09-300001169770banc:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMember2026-09-300001169770us-gaap:CorporateDebtSecuritiesMember2026-09-300001169770banc:PrivateLabelCollateralizedMortgageObligationsMember2026-09-300001169770us-gaap:CollateralizedLoanObligationsMember2026-09-300001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2026-09-300001169770us-gaap:AssetBackedSecuritiesMember2026-09-300001169770banc:SBAassetbackedsecuritiesMember2026-09-300001169770us-gaap:ResidentialMortgageBackedSecuritiesMember2025-12-310001169770us-gaap:CommercialMortgageBackedSecuritiesMember2025-12-310001169770banc:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMember2025-12-310001169770us-gaap:CorporateDebtSecuritiesMember2025-12-310001169770banc:PrivateLabelCollateralizedMortgageObligationsMember2025-12-310001169770us-gaap:CollateralizedLoanObligationsMember2025-12-310001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2025-12-310001169770us-gaap:AssetBackedSecuritiesMember2025-12-310001169770banc:SBAassetbackedsecuritiesMember2025-12-310001169770us-gaap:ResidentialMortgageBackedSecuritiesMember2026-09-300001169770us-gaap:USTreasurySecuritiesMember2026-09-300001169770us-gaap:CommercialMortgageBackedSecuritiesMember2026-09-300001169770banc:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMember2026-09-300001169770us-gaap:CorporateDebtSecuritiesMember2026-09-300001169770banc:PrivateLabelCollateralizedMortgageObligationsMember2026-09-300001169770us-gaap:CollateralizedLoanObligationsMember2026-09-300001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2026-09-300001169770banc:SBAassetbackedsecuritiesMember2026-09-300001169770us-gaap:ResidentialMortgageBackedSecuritiesMember2025-12-310001169770us-gaap:CommercialMortgageBackedSecuritiesMember2025-12-310001169770banc:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMember2025-12-310001169770us-gaap:CorporateDebtSecuritiesMember2025-12-310001169770banc:PrivateLabelCollateralizedMortgageObligationsMember2025-12-310001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMember2025-12-310001169770banc:SBAassetbackedsecuritiesMember2025-12-310001169770us-gaap:AssetBackedSecuritiesMember2026-09-300001169770us-gaap:USStatesAndPoliticalSubdivisionsMember2025-12-310001169770us-gaap:USTreasurySecuritiesMember2025-12-310001169770us-gaap:HeldtomaturitySecuritiesMember2025-12-310001169770us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:StandardPoorsAAARatingMember2025-12-310001169770us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:StandardPoorsAAPlusRatingMember2025-12-310001169770us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:StandardPoorsAARatingMember2025-12-310001169770us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:StandardPoorsAAMinusRatingMember2025-12-310001169770us-gaap:USStatesAndPoliticalSubdivisionsMembersrt:StandardPoorsBBBRatingMember2025-12-310001169770us-gaap:USStatesAndPoliticalSubdivisionsMemberbanc:StandardPoorsNoCreditRatingMember2025-12-310001169770us-gaap:CommercialMortgageBackedSecuritiesMembersrt:StandardPoorsAAARatingMember2025-12-310001169770us-gaap:CommercialMortgageBackedSecuritiesMembersrt:StandardPoorsAAPlusRatingMember2025-12-310001169770us-gaap:CommercialMortgageBackedSecuritiesMembersrt:StandardPoorsAARatingMember2025-12-310001169770us-gaap:CommercialMortgageBackedSecuritiesMembersrt:StandardPoorsAAMinusRatingMember2025-12-310001169770us-gaap:CommercialMortgageBackedSecuritiesMembersrt:StandardPoorsBBBRatingMember2025-12-310001169770us-gaap:CommercialMortgageBackedSecuritiesMemberbanc:StandardPoorsNoCreditRatingMember2025-12-310001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMembersrt:StandardPoorsAAARatingMember2025-12-310001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMembersrt:StandardPoorsAAPlusRatingMember2025-12-310001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMembersrt:StandardPoorsAARatingMember2025-12-310001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMembersrt:StandardPoorsAAMinusRatingMember2025-12-310001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMembersrt:StandardPoorsBBBRatingMember2025-12-310001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberbanc:StandardPoorsNoCreditRatingMember2025-12-310001169770us-gaap:USTreasurySecuritiesMembersrt:StandardPoorsAAARatingMember2025-12-310001169770us-gaap:USTreasurySecuritiesMembersrt:StandardPoorsAAPlusRatingMember2025-12-310001169770us-gaap:USTreasurySecuritiesMembersrt:StandardPoorsAARatingMember2025-12-310001169770us-gaap:USTreasurySecuritiesMembersrt:StandardPoorsAAMinusRatingMember2025-12-310001169770us-gaap:USTreasurySecuritiesMembersrt:StandardPoorsBBBRatingMember2025-12-310001169770us-gaap:USTreasurySecuritiesMemberbanc:StandardPoorsNoCreditRatingMember2025-12-310001169770us-gaap:CorporateDebtSecuritiesMembersrt:StandardPoorsAAARatingMember2025-12-310001169770us-gaap:CorporateDebtSecuritiesMembersrt:StandardPoorsAAPlusRatingMember2025-12-310001169770us-gaap:CorporateDebtSecuritiesMembersrt:StandardPoorsAARatingMember2025-12-310001169770us-gaap:CorporateDebtSecuritiesMembersrt:StandardPoorsAAMinusRatingMember2025-12-310001169770us-gaap:CorporateDebtSecuritiesMembersrt:StandardPoorsBBBRatingMember2025-12-310001169770us-gaap:CorporateDebtSecuritiesMemberbanc:StandardPoorsNoCreditRatingMember2025-12-310001169770srt:StandardPoorsAAARatingMember2025-12-310001169770srt:StandardPoorsAAPlusRatingMember2025-12-310001169770srt:StandardPoorsAARatingMember2025-12-310001169770srt:StandardPoorsAAMinusRatingMember2025-12-310001169770srt:StandardPoorsBBBRatingMember2025-12-310001169770banc:StandardPoorsNoCreditRatingMember2025-12-310001169770us-gaap:MortgagesMember2026-09-300001169770us-gaap:MortgagesMember2025-12-310001169770banc:RealEstateConstructionAndLandMember2026-09-300001169770banc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:CommercialPortfolioSegmentMember2026-09-300001169770us-gaap:CommercialPortfolioSegmentMember2025-12-310001169770us-gaap:ConsumerPortfolioSegmentMember2026-09-300001169770us-gaap:ConsumerPortfolioSegmentMember2025-12-310001169770banc:LandAndAcquisitionAndDevelopmentLoansMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770banc:LandAndAcquisitionAndDevelopmentLoansMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMemberbanc:FinancialAsset30To89DaysPastDueMember2026-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMemberbanc:A90OrMoreDaysPastDueMember2026-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMemberus-gaap:FinancialAssetPastDueMember2026-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMemberus-gaap:FinancialAssetNotPastDueMember2026-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2026-09-300001169770srt:MultifamilyMemberus-gaap:MortgagesMemberbanc:FinancialAsset30To89DaysPastDueMember2026-09-300001169770srt:MultifamilyMemberus-gaap:MortgagesMemberbanc:A90OrMoreDaysPastDueMember2026-09-300001169770srt:MultifamilyMemberus-gaap:MortgagesMemberus-gaap:FinancialAssetPastDueMember2026-09-300001169770srt:MultifamilyMemberus-gaap:MortgagesMemberus-gaap:FinancialAssetNotPastDueMember2026-09-300001169770srt:MultifamilyMemberus-gaap:MortgagesMember2026-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMemberbanc:FinancialAsset30To89DaysPastDueMember2026-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMemberbanc:A90OrMoreDaysPastDueMember2026-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMemberus-gaap:FinancialAssetPastDueMember2026-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMemberus-gaap:FinancialAssetNotPastDueMember2026-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:MortgagesMemberbanc:FinancialAsset30To89DaysPastDueMember2026-09-300001169770us-gaap:MortgagesMemberbanc:A90OrMoreDaysPastDueMember2026-09-300001169770us-gaap:MortgagesMemberus-gaap:FinancialAssetPastDueMember2026-09-300001169770us-gaap:MortgagesMemberus-gaap:FinancialAssetNotPastDueMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMemberbanc:FinancialAsset30To89DaysPastDueMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMemberbanc:A90OrMoreDaysPastDueMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMemberus-gaap:FinancialAssetPastDueMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMemberus-gaap:FinancialAssetNotPastDueMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMemberbanc:FinancialAsset30To89DaysPastDueMember2026-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMemberbanc:A90OrMoreDaysPastDueMember2026-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMemberus-gaap:FinancialAssetPastDueMember2026-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMemberus-gaap:FinancialAssetNotPastDueMember2026-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770banc:RealEstateConstructionAndLandMemberbanc:FinancialAsset30To89DaysPastDueMember2026-09-300001169770banc:RealEstateConstructionAndLandMemberbanc:A90OrMoreDaysPastDueMember2026-09-300001169770banc:RealEstateConstructionAndLandMemberus-gaap:FinancialAssetPastDueMember2026-09-300001169770banc:RealEstateConstructionAndLandMemberus-gaap:FinancialAssetNotPastDueMember2026-09-300001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMemberbanc:FinancialAsset30To89DaysPastDueMember2026-09-300001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMemberbanc:A90OrMoreDaysPastDueMember2026-09-300001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2026-09-300001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2026-09-300001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMemberbanc:FinancialAsset30To89DaysPastDueMember2026-09-300001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMemberbanc:A90OrMoreDaysPastDueMember2026-09-300001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2026-09-300001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2026-09-300001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMemberbanc:FinancialAsset30To89DaysPastDueMember2026-09-300001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMemberbanc:A90OrMoreDaysPastDueMember2026-09-300001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2026-09-300001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2026-09-300001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770us-gaap:CommercialPortfolioSegmentMemberbanc:FinancialAsset30To89DaysPastDueMember2026-09-300001169770us-gaap:CommercialPortfolioSegmentMemberbanc:A90OrMoreDaysPastDueMember2026-09-300001169770us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2026-09-300001169770us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2026-09-300001169770us-gaap:ConsumerPortfolioSegmentMemberbanc:FinancialAsset30To89DaysPastDueMember2026-09-300001169770us-gaap:ConsumerPortfolioSegmentMemberbanc:A90OrMoreDaysPastDueMember2026-09-300001169770us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2026-09-300001169770us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2026-09-300001169770banc:FinancialAsset30To89DaysPastDueMember2026-09-300001169770banc:A90OrMoreDaysPastDueMember2026-09-300001169770us-gaap:FinancialAssetPastDueMember2026-09-300001169770us-gaap:FinancialAssetNotPastDueMember2026-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMemberbanc:FinancialAsset30To89DaysPastDueMember2025-12-310001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMemberbanc:A90OrMoreDaysPastDueMember2025-12-310001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMemberus-gaap:FinancialAssetPastDueMember2025-12-310001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-12-310001169770srt:MultifamilyMemberus-gaap:MortgagesMemberbanc:FinancialAsset30To89DaysPastDueMember2025-12-310001169770srt:MultifamilyMemberus-gaap:MortgagesMemberbanc:A90OrMoreDaysPastDueMember2025-12-310001169770srt:MultifamilyMemberus-gaap:MortgagesMemberus-gaap:FinancialAssetPastDueMember2025-12-310001169770srt:MultifamilyMemberus-gaap:MortgagesMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001169770srt:MultifamilyMemberus-gaap:MortgagesMember2025-12-310001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMemberbanc:FinancialAsset30To89DaysPastDueMember2025-12-310001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMemberbanc:A90OrMoreDaysPastDueMember2025-12-310001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMemberus-gaap:FinancialAssetPastDueMember2025-12-310001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:MortgagesMemberbanc:FinancialAsset30To89DaysPastDueMember2025-12-310001169770us-gaap:MortgagesMemberbanc:A90OrMoreDaysPastDueMember2025-12-310001169770us-gaap:MortgagesMemberus-gaap:FinancialAssetPastDueMember2025-12-310001169770us-gaap:MortgagesMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001169770us-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMemberbanc:FinancialAsset30To89DaysPastDueMember2025-12-310001169770us-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMemberbanc:A90OrMoreDaysPastDueMember2025-12-310001169770us-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMemberus-gaap:FinancialAssetPastDueMember2025-12-310001169770us-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001169770us-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMemberbanc:FinancialAsset30To89DaysPastDueMember2025-12-310001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMemberbanc:A90OrMoreDaysPastDueMember2025-12-310001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMemberus-gaap:FinancialAssetPastDueMember2025-12-310001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770banc:RealEstateConstructionAndLandMemberbanc:FinancialAsset30To89DaysPastDueMember2025-12-310001169770banc:RealEstateConstructionAndLandMemberbanc:A90OrMoreDaysPastDueMember2025-12-310001169770banc:RealEstateConstructionAndLandMemberus-gaap:FinancialAssetPastDueMember2025-12-310001169770banc:RealEstateConstructionAndLandMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMemberbanc:FinancialAsset30To89DaysPastDueMember2025-12-310001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMemberbanc:A90OrMoreDaysPastDueMember2025-12-310001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2025-12-310001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMemberbanc:FinancialAsset30To89DaysPastDueMember2025-12-310001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMemberbanc:A90OrMoreDaysPastDueMember2025-12-310001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2025-12-310001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMemberbanc:FinancialAsset30To89DaysPastDueMember2025-12-310001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMemberbanc:A90OrMoreDaysPastDueMember2025-12-310001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2025-12-310001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770us-gaap:CommercialPortfolioSegmentMemberbanc:FinancialAsset30To89DaysPastDueMember2025-12-310001169770us-gaap:CommercialPortfolioSegmentMemberbanc:A90OrMoreDaysPastDueMember2025-12-310001169770us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2025-12-310001169770us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001169770us-gaap:ConsumerPortfolioSegmentMemberbanc:FinancialAsset30To89DaysPastDueMember2025-12-310001169770us-gaap:ConsumerPortfolioSegmentMemberbanc:A90OrMoreDaysPastDueMember2025-12-310001169770us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2025-12-310001169770us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001169770banc:FinancialAsset30To89DaysPastDueMember2025-12-310001169770banc:A90OrMoreDaysPastDueMember2025-12-310001169770us-gaap:FinancialAssetPastDueMember2025-12-310001169770us-gaap:FinancialAssetNotPastDueMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMembersrt:MultifamilyMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:PerformingFinancingReceivableMembersrt:MultifamilyMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMembersrt:MultifamilyMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:PerformingFinancingReceivableMembersrt:MultifamilyMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:PerformingFinancingReceivableMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:PerformingFinancingReceivableMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:PerformingFinancingReceivableMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:PerformingFinancingReceivableMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMemberbanc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:PerformingFinancingReceivableMemberbanc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMemberbanc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:PerformingFinancingReceivableMemberbanc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:PerformingFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:PerformingFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMemberbanc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770us-gaap:PerformingFinancingReceivableMemberbanc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMemberbanc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770us-gaap:PerformingFinancingReceivableMemberbanc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770us-gaap:PerformingFinancingReceivableMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770us-gaap:PerformingFinancingReceivableMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770us-gaap:PerformingFinancingReceivableMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770us-gaap:PerformingFinancingReceivableMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770us-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770us-gaap:PerformingFinancingReceivableMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2026-09-300001169770us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2025-12-310001169770us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMember2026-09-300001169770us-gaap:PerformingFinancingReceivableMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMember2025-12-310001169770us-gaap:PerformingFinancingReceivableMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMemberbanc:FinancialAsset30To89DaysPastDueMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMemberus-gaap:FinancialAssetNotPastDueMember2026-09-300001169770us-gaap:NonperformingFinancingReceivableMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMemberbanc:FinancialAsset30To89DaysPastDueMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMemberus-gaap:FinancialAssetNotPastDueMember2025-12-310001169770us-gaap:NonperformingFinancingReceivableMember2026-01-012026-09-300001169770us-gaap:NonperformingFinancingReceivableMemberbanc:ThreeLargestLoanRelationshipsMember2026-09-300001169770us-gaap:CreditConcentrationRiskMemberbanc:ThreeLargestLoanRelationshipsMemberbanc:NonaccrualLoansAndLeasesBenchmarkMember2026-01-012026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:ClassifiedMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:PassMemberus-gaap:MortgagesMember2026-09-300001169770srt:MultifamilyMemberbanc:ClassifiedMemberus-gaap:MortgagesMember2026-09-300001169770srt:MultifamilyMemberus-gaap:SpecialMentionMemberus-gaap:MortgagesMember2026-09-300001169770srt:MultifamilyMemberus-gaap:PassMemberus-gaap:MortgagesMember2026-09-300001169770banc:OtherResidentialRealEstateMemberbanc:ClassifiedMemberus-gaap:MortgagesMember2026-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:SpecialMentionMemberus-gaap:MortgagesMember2026-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:PassMemberus-gaap:MortgagesMember2026-09-300001169770banc:ClassifiedMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:SpecialMentionMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:PassMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:ClassifiedMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:PassMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:ClassifiedMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberus-gaap:SpecialMentionMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberus-gaap:PassMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770banc:ClassifiedMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:SpecialMentionMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:PassMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770banc:AssetBasedMemberbanc:ClassifiedMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:AssetBasedMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:AssetBasedMemberus-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:VentureCapitalLoansMemberbanc:ClassifiedMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:VentureCapitalLoansMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:VentureCapitalLoansMemberus-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:OtherCommercialMemberbanc:ClassifiedMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:OtherCommercialMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:OtherCommercialMemberus-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:ClassifiedMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770us-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:ClassifiedMemberus-gaap:ConsumerPortfolioSegmentMember2026-09-300001169770us-gaap:SpecialMentionMemberus-gaap:ConsumerPortfolioSegmentMember2026-09-300001169770us-gaap:PassMemberus-gaap:ConsumerPortfolioSegmentMember2026-09-300001169770banc:ClassifiedMember2026-09-300001169770us-gaap:SpecialMentionMember2026-09-300001169770us-gaap:PassMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:ClassifiedMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:CommercialRealEstateMemberus-gaap:PassMemberus-gaap:MortgagesMember2025-12-310001169770srt:MultifamilyMemberbanc:ClassifiedMemberus-gaap:MortgagesMember2025-12-310001169770srt:MultifamilyMemberus-gaap:SpecialMentionMemberus-gaap:MortgagesMember2025-12-310001169770srt:MultifamilyMemberus-gaap:PassMemberus-gaap:MortgagesMember2025-12-310001169770banc:OtherResidentialRealEstateMemberbanc:ClassifiedMemberus-gaap:MortgagesMember2025-12-310001169770banc:OtherResidentialRealEstateMemberus-gaap:SpecialMentionMemberus-gaap:MortgagesMember2025-12-310001169770banc:OtherResidentialRealEstateMemberus-gaap:PassMemberus-gaap:MortgagesMember2025-12-310001169770banc:ClassifiedMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:SpecialMentionMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:PassMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:CommercialRealEstateMemberbanc:ClassifiedMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:CommercialRealEstateMemberus-gaap:SpecialMentionMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:CommercialRealEstateMemberus-gaap:PassMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:ClassifiedMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberus-gaap:SpecialMentionMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberus-gaap:PassMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770banc:ClassifiedMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:SpecialMentionMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:PassMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770banc:AssetBasedMemberbanc:ClassifiedMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:AssetBasedMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:AssetBasedMemberus-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:VentureCapitalLoansMemberbanc:ClassifiedMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:VentureCapitalLoansMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:VentureCapitalLoansMemberus-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:OtherCommercialMemberbanc:ClassifiedMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:OtherCommercialMemberus-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:OtherCommercialMemberus-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:ClassifiedMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770us-gaap:SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770us-gaap:PassMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:ClassifiedMemberus-gaap:ConsumerPortfolioSegmentMember2025-12-310001169770us-gaap:SpecialMentionMemberus-gaap:ConsumerPortfolioSegmentMember2025-12-310001169770us-gaap:PassMemberus-gaap:ConsumerPortfolioSegmentMember2025-12-310001169770banc:ClassifiedMember2025-12-310001169770us-gaap:SpecialMentionMember2025-12-310001169770us-gaap:PassMember2025-12-310001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-09-300001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-09-300001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-09-300001169770us-gaap:ConsumerPortfolioSegmentMember2025-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2026-07-012026-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-07-012025-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770srt:MultifamilyMemberus-gaap:MortgagesMember2026-07-012026-09-300001169770srt:MultifamilyMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770srt:MultifamilyMemberus-gaap:MortgagesMember2025-09-300001169770srt:MultifamilyMemberus-gaap:MortgagesMember2025-07-012025-09-300001169770srt:MultifamilyMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2026-07-012026-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-07-012025-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2026-07-012026-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2026-01-012026-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-07-012025-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-01-012025-09-300001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2026-07-012026-09-300001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-09-300001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-07-012025-09-300001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2026-07-012026-09-300001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-07-012025-09-300001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ConsumerPortfolioSegmentMember2026-07-012026-09-300001169770us-gaap:ConsumerPortfolioSegmentMember2026-01-012026-09-300001169770us-gaap:ConsumerPortfolioSegmentMember2025-07-012025-09-300001169770us-gaap:ConsumerPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:MortgagesMember2026-07-012026-09-300001169770us-gaap:MortgagesMember2026-01-012026-09-300001169770us-gaap:MortgagesMember2025-09-300001169770us-gaap:MortgagesMember2025-07-012025-09-300001169770us-gaap:MortgagesMember2025-01-012025-09-300001169770banc:RealEstateConstructionAndLandMember2026-07-012026-09-300001169770banc:RealEstateConstructionAndLandMember2026-01-012026-09-300001169770banc:RealEstateConstructionAndLandMember2025-09-300001169770banc:RealEstateConstructionAndLandMember2025-07-012025-09-300001169770banc:RealEstateConstructionAndLandMember2025-01-012025-09-300001169770us-gaap:CommercialPortfolioSegmentMember2026-07-012026-09-300001169770us-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770us-gaap:CommercialPortfolioSegmentMember2025-09-300001169770us-gaap:CommercialPortfolioSegmentMember2025-07-012025-09-300001169770us-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:CommercialRealEstateMemberbanc:A12HighPassMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:A34.5PassMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:A5SpecialMentionMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:A68ClassifiedMemberus-gaap:MortgagesMember2026-09-300001169770srt:MultifamilyMemberbanc:A12HighPassMemberus-gaap:MortgagesMember2026-09-300001169770srt:MultifamilyMemberbanc:A34.5PassMemberus-gaap:MortgagesMember2026-09-300001169770srt:MultifamilyMemberbanc:A5SpecialMentionMemberus-gaap:MortgagesMember2026-09-300001169770srt:MultifamilyMemberbanc:A68ClassifiedMemberus-gaap:MortgagesMember2026-09-300001169770banc:OtherResidentialRealEstateMemberbanc:A12HighPassMemberus-gaap:MortgagesMember2026-09-300001169770banc:OtherResidentialRealEstateMemberbanc:A34.5PassMemberus-gaap:MortgagesMember2026-09-300001169770banc:OtherResidentialRealEstateMemberbanc:A5SpecialMentionMemberus-gaap:MortgagesMember2026-09-300001169770banc:OtherResidentialRealEstateMemberbanc:A68ClassifiedMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:A12HighPassMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:A34.5PassMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:A5SpecialMentionMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:A68ClassifiedMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMember2026-01-012026-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:A12HighPassMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:A34.5PassMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:A5SpecialMentionMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:A68ClassifiedMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770banc:AssetBasedMemberbanc:A12HighPassMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:AssetBasedMemberbanc:A34.5PassMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:AssetBasedMemberbanc:A5SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:AssetBasedMemberbanc:A68ClassifiedMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770banc:VentureCapitalLoansMemberbanc:A12HighPassMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:VentureCapitalLoansMemberbanc:A34.5PassMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:VentureCapitalLoansMemberbanc:A5SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:VentureCapitalLoansMemberbanc:A68ClassifiedMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:OtherCommercialMemberbanc:A12HighPassMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:OtherCommercialMemberbanc:A34.5PassMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:OtherCommercialMemberbanc:A5SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:OtherCommercialMemberbanc:A68ClassifiedMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:A12HighPassMemberus-gaap:ConsumerPortfolioSegmentMember2026-09-300001169770banc:A34.5PassMemberus-gaap:ConsumerPortfolioSegmentMember2026-09-300001169770banc:A5SpecialMentionMemberus-gaap:ConsumerPortfolioSegmentMember2026-09-300001169770banc:A68ClassifiedMemberus-gaap:ConsumerPortfolioSegmentMember2026-09-300001169770banc:A12HighPassMember2026-09-300001169770banc:A34.5PassMember2026-09-300001169770banc:A5SpecialMentionMember2026-09-300001169770banc:A68ClassifiedMember2026-09-300001169770us-gaap:CommercialRealEstateMemberbanc:A12HighPassMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:CommercialRealEstateMemberbanc:A34.5PassMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:CommercialRealEstateMemberbanc:A5SpecialMentionMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:CommercialRealEstateMemberbanc:A68ClassifiedMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-12-310001169770srt:MultifamilyMemberbanc:A12HighPassMemberus-gaap:MortgagesMember2025-12-310001169770srt:MultifamilyMemberbanc:A34.5PassMemberus-gaap:MortgagesMember2025-12-310001169770srt:MultifamilyMemberbanc:A5SpecialMentionMemberus-gaap:MortgagesMember2025-12-310001169770srt:MultifamilyMemberbanc:A68ClassifiedMemberus-gaap:MortgagesMember2025-12-310001169770srt:MultifamilyMemberus-gaap:MortgagesMember2025-01-012025-12-310001169770banc:OtherResidentialRealEstateMemberbanc:A12HighPassMemberus-gaap:MortgagesMember2025-12-310001169770banc:OtherResidentialRealEstateMemberbanc:A34.5PassMemberus-gaap:MortgagesMember2025-12-310001169770banc:OtherResidentialRealEstateMemberbanc:A5SpecialMentionMemberus-gaap:MortgagesMember2025-12-310001169770banc:OtherResidentialRealEstateMemberbanc:A68ClassifiedMemberus-gaap:MortgagesMember2025-12-310001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-12-310001169770us-gaap:CommercialRealEstateMemberbanc:A12HighPassMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:CommercialRealEstateMemberbanc:A34.5PassMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:CommercialRealEstateMemberbanc:A5SpecialMentionMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:CommercialRealEstateMemberbanc:A68ClassifiedMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:CommercialRealEstateMemberbanc:RealEstateConstructionAndLandMember2025-01-012025-12-310001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:A12HighPassMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:A34.5PassMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:A5SpecialMentionMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:A68ClassifiedMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-01-012025-12-310001169770banc:AssetBasedMemberbanc:A12HighPassMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:AssetBasedMemberbanc:A34.5PassMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:AssetBasedMemberbanc:A5SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:AssetBasedMemberbanc:A68ClassifiedMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-12-310001169770banc:VentureCapitalLoansMemberbanc:A12HighPassMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:VentureCapitalLoansMemberbanc:A34.5PassMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:VentureCapitalLoansMemberbanc:A5SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:VentureCapitalLoansMemberbanc:A68ClassifiedMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-12-310001169770banc:OtherCommercialMemberbanc:A12HighPassMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:OtherCommercialMemberbanc:A34.5PassMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:OtherCommercialMemberbanc:A5SpecialMentionMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:OtherCommercialMemberbanc:A68ClassifiedMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-12-310001169770banc:A12HighPassMemberus-gaap:ConsumerPortfolioSegmentMember2025-12-310001169770banc:A34.5PassMemberus-gaap:ConsumerPortfolioSegmentMember2025-12-310001169770banc:A5SpecialMentionMemberus-gaap:ConsumerPortfolioSegmentMember2025-12-310001169770banc:A68ClassifiedMemberus-gaap:ConsumerPortfolioSegmentMember2025-12-310001169770us-gaap:ConsumerPortfolioSegmentMember2025-01-012025-12-310001169770banc:A12HighPassMember2025-12-310001169770banc:A34.5PassMember2025-12-310001169770banc:A5SpecialMentionMember2025-12-310001169770banc:A68ClassifiedMember2025-12-3100011697702025-01-012025-12-310001169770us-gaap:ExtendedMaturityMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2026-07-012026-09-300001169770us-gaap:PaymentDeferralMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2026-07-012026-09-300001169770us-gaap:ExtendedMaturityMembersrt:MultifamilyMemberus-gaap:MortgagesMember2026-07-012026-09-300001169770us-gaap:PaymentDeferralMembersrt:MultifamilyMemberus-gaap:MortgagesMember2026-07-012026-09-300001169770us-gaap:ExtendedMaturityMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2026-07-012026-09-300001169770us-gaap:PaymentDeferralMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2026-07-012026-09-300001169770us-gaap:ExtendedMaturityMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2026-07-012026-09-300001169770us-gaap:PaymentDeferralMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2026-07-012026-09-300001169770us-gaap:ExtendedMaturityMember2026-07-012026-09-300001169770us-gaap:PaymentDeferralMember2026-07-012026-09-300001169770us-gaap:ExtendedMaturityMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770us-gaap:PaymentDeferralMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770us-gaap:ContractualInterestRateReductionMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770banc:PaymentDeferralAndInterestRateReductionMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770banc:CombinationTermExtensionInterestRateReductionAndForgivenessMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770us-gaap:ExtendedMaturityMembersrt:MultifamilyMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770us-gaap:PaymentDeferralMembersrt:MultifamilyMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770us-gaap:ContractualInterestRateReductionMembersrt:MultifamilyMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMembersrt:MultifamilyMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770banc:PaymentDeferralAndInterestRateReductionMembersrt:MultifamilyMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770banc:CombinationTermExtensionInterestRateReductionAndForgivenessMembersrt:MultifamilyMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770us-gaap:ExtendedMaturityMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770us-gaap:PaymentDeferralMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770us-gaap:ContractualInterestRateReductionMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770banc:PaymentDeferralAndInterestRateReductionMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770banc:CombinationTermExtensionInterestRateReductionAndForgivenessMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770us-gaap:ExtendedMaturityMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770us-gaap:PaymentDeferralMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770us-gaap:ContractualInterestRateReductionMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770banc:PaymentDeferralAndInterestRateReductionMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770banc:CombinationTermExtensionInterestRateReductionAndForgivenessMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770us-gaap:ExtendedMaturityMember2026-01-012026-09-300001169770us-gaap:PaymentDeferralMember2026-01-012026-09-300001169770us-gaap:ContractualInterestRateReductionMember2026-01-012026-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMember2026-01-012026-09-300001169770banc:PaymentDeferralAndInterestRateReductionMember2026-01-012026-09-300001169770banc:CombinationTermExtensionInterestRateReductionAndForgivenessMember2026-01-012026-09-300001169770us-gaap:ExtendedMaturityMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-07-012025-09-300001169770us-gaap:PaymentDeferralMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-07-012025-09-300001169770us-gaap:ContractualInterestRateReductionMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-07-012025-09-300001169770us-gaap:ExtendedMaturityMembersrt:MultifamilyMemberus-gaap:MortgagesMember2025-07-012025-09-300001169770us-gaap:PaymentDeferralMembersrt:MultifamilyMemberus-gaap:MortgagesMember2025-07-012025-09-300001169770us-gaap:ContractualInterestRateReductionMembersrt:MultifamilyMemberus-gaap:MortgagesMember2025-07-012025-09-300001169770us-gaap:ExtendedMaturityMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-07-012025-09-300001169770us-gaap:PaymentDeferralMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-07-012025-09-300001169770us-gaap:ContractualInterestRateReductionMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-07-012025-09-300001169770us-gaap:ExtendedMaturityMemberbanc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-07-012025-09-300001169770us-gaap:PaymentDeferralMemberbanc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-07-012025-09-300001169770us-gaap:ContractualInterestRateReductionMemberbanc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-07-012025-09-300001169770us-gaap:ExtendedMaturityMemberbanc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-07-012025-09-300001169770us-gaap:PaymentDeferralMemberbanc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-07-012025-09-300001169770us-gaap:ContractualInterestRateReductionMemberbanc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-07-012025-09-300001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-07-012025-09-300001169770us-gaap:ExtendedMaturityMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-07-012025-09-300001169770us-gaap:PaymentDeferralMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-07-012025-09-300001169770us-gaap:ContractualInterestRateReductionMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-07-012025-09-300001169770us-gaap:ExtendedMaturityMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-07-012025-09-300001169770us-gaap:PaymentDeferralMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-07-012025-09-300001169770us-gaap:ContractualInterestRateReductionMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-07-012025-09-300001169770us-gaap:ExtendedMaturityMember2025-07-012025-09-300001169770us-gaap:PaymentDeferralMember2025-07-012025-09-300001169770us-gaap:ContractualInterestRateReductionMember2025-07-012025-09-300001169770us-gaap:ExtendedMaturityMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770us-gaap:PaymentDeferralMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770us-gaap:ContractualInterestRateReductionMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndPrincipalForgivenessMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770banc:ExtendedMaturityContractualInterestRateReductionAndPaymentDeferralMemberus-gaap:CommercialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityMembersrt:MultifamilyMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770us-gaap:PaymentDeferralMembersrt:MultifamilyMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770us-gaap:ContractualInterestRateReductionMembersrt:MultifamilyMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMembersrt:MultifamilyMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndPrincipalForgivenessMembersrt:MultifamilyMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770banc:ExtendedMaturityContractualInterestRateReductionAndPaymentDeferralMembersrt:MultifamilyMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770us-gaap:PaymentDeferralMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770us-gaap:ContractualInterestRateReductionMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndPrincipalForgivenessMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770banc:ExtendedMaturityContractualInterestRateReductionAndPaymentDeferralMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityMemberbanc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-01-012025-09-300001169770us-gaap:PaymentDeferralMemberbanc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-01-012025-09-300001169770us-gaap:ContractualInterestRateReductionMemberbanc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMemberbanc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndPrincipalForgivenessMemberbanc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-01-012025-09-300001169770banc:ExtendedMaturityContractualInterestRateReductionAndPaymentDeferralMemberbanc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityMemberbanc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:PaymentDeferralMemberbanc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ContractualInterestRateReductionMemberbanc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMemberbanc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndPrincipalForgivenessMemberbanc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770banc:ExtendedMaturityContractualInterestRateReductionAndPaymentDeferralMemberbanc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:PaymentDeferralMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ContractualInterestRateReductionMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndPrincipalForgivenessMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770banc:ExtendedMaturityContractualInterestRateReductionAndPaymentDeferralMemberbanc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:PaymentDeferralMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ContractualInterestRateReductionMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndPrincipalForgivenessMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770banc:ExtendedMaturityContractualInterestRateReductionAndPaymentDeferralMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityMemberus-gaap:ConsumerPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:PaymentDeferralMemberus-gaap:ConsumerPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ContractualInterestRateReductionMemberus-gaap:ConsumerPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMemberus-gaap:ConsumerPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndPrincipalForgivenessMemberus-gaap:ConsumerPortfolioSegmentMember2025-01-012025-09-300001169770banc:ExtendedMaturityContractualInterestRateReductionAndPaymentDeferralMemberus-gaap:ConsumerPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityMember2025-01-012025-09-300001169770us-gaap:PaymentDeferralMember2025-01-012025-09-300001169770us-gaap:ContractualInterestRateReductionMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMember2025-01-012025-09-300001169770us-gaap:ExtendedMaturityAndPrincipalForgivenessMember2025-01-012025-09-300001169770banc:ExtendedMaturityContractualInterestRateReductionAndPaymentDeferralMember2025-01-012025-09-300001169770banc:CombinationTermExtensionInterestRateReductionAndForgivenessMemberbanc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMember2026-01-012026-09-300001169770banc:CombinationTermExtensionAndForgivenessMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-01-012025-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-09-300001169770srt:MultifamilyMemberus-gaap:MortgagesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-09-300001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-09-300001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-09-300001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-09-300001169770us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-09-300001169770us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2026-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMemberus-gaap:FinancialAssetNotPastDueMember2025-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMemberbanc:FinancialAsset30To89DaysPastDueMember2025-09-300001169770us-gaap:CommercialRealEstateMemberus-gaap:MortgagesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001169770srt:MultifamilyMemberus-gaap:MortgagesMemberus-gaap:FinancialAssetNotPastDueMember2025-09-300001169770srt:MultifamilyMemberus-gaap:MortgagesMemberbanc:FinancialAsset30To89DaysPastDueMember2025-09-300001169770srt:MultifamilyMemberus-gaap:MortgagesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMemberus-gaap:FinancialAssetNotPastDueMember2025-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMemberbanc:FinancialAsset30To89DaysPastDueMember2025-09-300001169770banc:OtherResidentialRealEstateMemberus-gaap:MortgagesMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMemberus-gaap:FinancialAssetNotPastDueMember2025-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMemberbanc:FinancialAsset30To89DaysPastDueMember2025-09-300001169770banc:ResidentialRealEstateConstructionFinancingReceivableMemberbanc:RealEstateConstructionAndLandMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-09-300001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMemberbanc:FinancialAsset30To89DaysPastDueMember2025-09-300001169770banc:AssetBasedMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-09-300001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMemberbanc:FinancialAsset30To89DaysPastDueMember2025-09-300001169770banc:VentureCapitalLoansMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-09-300001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMemberbanc:FinancialAsset30To89DaysPastDueMember2025-09-300001169770banc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001169770us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2025-09-300001169770us-gaap:ConsumerPortfolioSegmentMemberbanc:FinancialAsset30To89DaysPastDueMember2025-09-300001169770us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001169770us-gaap:FinancialAssetNotPastDueMember2025-09-300001169770banc:FinancialAsset30To89DaysPastDueMember2025-09-300001169770us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2025-09-300001169770us-gaap:ExtendedMaturityMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2026-07-012026-09-300001169770us-gaap:PaymentDeferralMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2026-07-012026-09-300001169770us-gaap:ExtendedMaturityMemberus-gaap:ConsumerPortfolioSegmentMember2026-07-012026-09-300001169770us-gaap:PaymentDeferralMemberus-gaap:ConsumerPortfolioSegmentMember2026-07-012026-09-300001169770us-gaap:ExtendedMaturityMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770us-gaap:PaymentDeferralMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2026-01-012026-09-300001169770us-gaap:ExtendedMaturityMemberus-gaap:ConsumerPortfolioSegmentMember2026-01-012026-09-300001169770us-gaap:PaymentDeferralMemberus-gaap:ConsumerPortfolioSegmentMember2026-01-012026-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMemberbanc:OtherResidentialRealEstateMemberus-gaap:MortgagesMember2025-07-012025-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMemberbanc:OtherCommercialMemberus-gaap:CommercialPortfolioSegmentMember2025-07-012025-09-300001169770us-gaap:ExtendedMaturityAndInterestRateReductionMember2025-07-012025-09-300001169770us-gaap:MortgagesMember2026-06-300001169770banc:RealEstateConstructionAndLandMember2026-06-300001169770us-gaap:CommercialPortfolioSegmentMember2026-06-300001169770us-gaap:ConsumerPortfolioSegmentMember2026-06-300001169770us-gaap:MortgagesMember2025-06-300001169770banc:RealEstateConstructionAndLandMember2025-06-300001169770us-gaap:CommercialPortfolioSegmentMember2025-06-300001169770us-gaap:ConsumerPortfolioSegmentMember2025-06-300001169770us-gaap:MortgagesMember2024-12-310001169770banc:RealEstateConstructionAndLandMember2024-12-310001169770us-gaap:CommercialPortfolioSegmentMember2024-12-310001169770us-gaap:ConsumerPortfolioSegmentMember2024-12-310001169770us-gaap:RealEstateMemberus-gaap:MortgagesMember2026-09-300001169770banc:BusinessAssetsMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:CollateralPledgedMemberus-gaap:MortgagesMember2026-09-300001169770us-gaap:RealEstateMemberus-gaap:MortgagesMember2025-12-310001169770banc:BusinessAssetsMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:CollateralPledgedMemberus-gaap:MortgagesMember2025-12-310001169770us-gaap:RealEstateMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770banc:BusinessAssetsMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:CollateralPledgedMemberbanc:RealEstateConstructionAndLandMember2026-09-300001169770us-gaap:RealEstateMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770banc:BusinessAssetsMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:CollateralPledgedMemberbanc:RealEstateConstructionAndLandMember2025-12-310001169770us-gaap:RealEstateMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770banc:BusinessAssetsMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770us-gaap:CollateralPledgedMemberus-gaap:CommercialPortfolioSegmentMember2026-09-300001169770us-gaap:RealEstateMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770banc:BusinessAssetsMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770us-gaap:CollateralPledgedMemberus-gaap:CommercialPortfolioSegmentMember2025-12-310001169770us-gaap:RealEstateMember2026-09-300001169770banc:BusinessAssetsMember2026-09-300001169770us-gaap:CollateralPledgedMember2026-09-300001169770us-gaap:RealEstateMember2025-12-310001169770banc:BusinessAssetsMember2025-12-310001169770us-gaap:CollateralPledgedMember2025-12-310001169770us-gaap:LoansMember2026-09-300001169770us-gaap:LetterOfCreditMember2026-09-300001169770us-gaap:LetterOfCreditMember2025-12-310001169770us-gaap:FederalHomeLoanBankAdvancesMemberbanc:FHLBSecuredAdvancesDue10152026Member2026-09-300001169770us-gaap:FederalHomeLoanBankAdvancesMemberbanc:FHLBSecuredAdvancesDue10302026Member2026-09-300001169770us-gaap:FederalHomeLoanBankAdvancesMemberbanc:FHLBSecuredAdvancesDue1122026Member2026-09-300001169770us-gaap:FederalHomeLoanBankAdvancesMemberbanc:FHLBSecuredAdvancesDue1132026Member2026-09-300001169770us-gaap:FederalHomeLoanBankAdvancesMemberbanc:FHLBSecuredAdvancesDue1152026Member2026-09-300001169770us-gaap:FederalHomeLoanBankAdvancesMemberbanc:FHLBSecuredAdvancesDue11162026Member2026-09-300001169770us-gaap:FederalHomeLoanBankAdvancesMemberbanc:FHLBSecuredAdvancesDue11232026Member2026-09-300001169770us-gaap:FederalHomeLoanBankAdvancesMemberbanc:FHLBSecuredAdvancesDue12162026Member2026-09-300001169770us-gaap:FederalHomeLoanBankAdvancesMemberbanc:FHLBSecuredAdvancesDue02012027Member2026-09-300001169770us-gaap:FederalHomeLoanBankAdvancesMemberbanc:FHLBSecuredAdvancesDue03012027Member2026-09-300001169770us-gaap:FederalHomeLoanBankAdvancesMemberbanc:FHLBSecuredAdvancesDue04012027Member2026-09-300001169770us-gaap:FederalHomeLoanBankAdvancesMemberbanc:FHLBSecuredAdvancesDue05282027Member2026-09-300001169770us-gaap:FederalHomeLoanBankAdvancesMemberbanc:FHLBSecuredAdvancesDue060320271Member2026-09-300001169770us-gaap:FederalHomeLoanBankAdvancesMemberbanc:FHLBSecuredAdvancesDue060320272Member2026-09-300001169770us-gaap:FederalHomeLoanBankAdvancesMemberbanc:FHLBSecuredAdvancesDue06242027Member2026-09-300001169770us-gaap:FederalHomeLoanBankAdvancesMember2026-09-300001169770us-gaap:FederalReserveBankAdvancesMember2026-09-300001169770us-gaap:FederalReserveBankAdvancesMemberus-gaap:LoansMember2026-09-300001169770us-gaap:FederalReserveBankAdvancesMemberus-gaap:SecuritiesAssetsMember2026-09-300001169770us-gaap:FederalReserveBankAdvancesMember2025-12-310001169770us-gaap:UnsecuredDebtMember2026-09-300001169770us-gaap:UnsecuredDebtMember2026-01-012026-09-300001169770us-gaap:UnsecuredDebtMember2025-12-310001169770banc:CreditLinkedNotesMember2022-09-290001169770banc:CreditLinkedNotesMembersrt:MinimumMember2022-09-292022-09-290001169770banc:CreditLinkedNotesMembersrt:MaximumMember2022-09-292022-09-290001169770banc:CreditLinkedNotesMember2026-09-300001169770banc:BorrowingsArrangementsWithFinancialInstitutionsMember2026-09-300001169770banc:BorrowingsArrangementsWithFinancialInstitutionsMember2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMember2026-05-010001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedNotesDueMay2031Member2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedNotesDueMay2031Member2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedNotesDueOctober302030Member2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedNotesDueOctober302030Member2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedNotesDueOctober302030Member2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustVDueSeptember2033Member2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustVDueSeptember2033Member2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustVDueSeptember2033Member2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustVIDueSeptember2033Member2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustVIDueSeptember2033Member2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustVIDueSeptember2033Member2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustCIIDueSeptember2033Member2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustCIIDueSeptember2033Member2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustCIIDueSeptember2033Member2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustVIIDueApril2034Member2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustVIIDueApril2034Member2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustVIIDueApril2034Member2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustCIIIDueSeptember2035Member2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustCIIIDueSeptember2035Member2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustCIIIDueSeptember2035Member2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustFCCIDueMarch2037Member2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustFCCIDueMarch2037Member2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustFCCIDueMarch2037Member2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustFCBIDueDecember2035Member2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustFCBIDueDecember2035Member2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedDebtTrustFCBIDueDecember2035Member2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandFiveSeriesOneMember2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandFiveSeriesOneMember2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandFiveSeriesOneMember2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandFiveSeriesTwoMember2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandFiveSeriesTwoMember2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandFiveSeriesTwoMember2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TwoThousandSixOneTermDebtSecuritizationMember2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TwoThousandSixOneTermDebtSecuritizationMember2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:TwoThousandSixOneTermDebtSecuritizationMember2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TwoThousandSixTwoTermDebtSecuritizationMember2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TwoThousandSixTwoTermDebtSecuritizationMember2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:TwoThousandSixTwoTermDebtSecuritizationMember2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandSixSeriesThreeMember2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandSixSeriesThreeMember2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandSixSeriesThreeMember2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandSixSeriesFourMember2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandSixSeriesFourMember2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandSixSeriesFourMember2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandSixSeriesFiveMember2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandSixSeriesFiveMember2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandSixSeriesFiveMember2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandSevenSeriesTwoMember2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandSevenSeriesTwoMember2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:TrustPreferredSecuritiesTwoThousandSevenSeriesTwoMember2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:PMBStatutoryTrustIIIMember2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:PMBStatutoryTrustIIIMember2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:PMBStatutoryTrustIIIMember2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:PMBCapitalTrustIIIMember2026-09-300001169770us-gaap:SubordinatedDebtMemberbanc:PMBCapitalTrustIIIMember2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:PMBCapitalTrustIIIMember2026-01-012026-09-300001169770us-gaap:SubordinatedDebtMember2026-09-300001169770us-gaap:SubordinatedDebtMember2025-12-310001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedNotesDueMay2031Member2026-05-010001169770us-gaap:SubordinatedDebtMemberbanc:SubordinatedNotesDueOctober302030Member2025-10-310001169770us-gaap:InterestRateSwapMember2026-09-300001169770us-gaap:InterestRateSwapMember2025-12-310001169770banc:InterestRateCollarsMember2026-09-300001169770banc:InterestRateCollarsMember2025-12-310001169770us-gaap:InterestRateCapMember2026-09-300001169770us-gaap:InterestRateCapMember2025-12-310001169770us-gaap:InterestRateContractMember2026-09-300001169770us-gaap:InterestRateContractMember2025-12-310001169770us-gaap:ForeignExchangeContractMember2026-09-300001169770us-gaap:ForeignExchangeContractMember2025-12-310001169770us-gaap:EquityContractMember2026-09-300001169770us-gaap:EquityContractMember2025-12-310001169770us-gaap:InterestRateSwapMemberbanc:PayFixedReceiveFloatingMember2026-09-300001169770us-gaap:InterestRateSwapMemberbanc:ForwardStartingReceiveFixedMember2026-09-300001169770us-gaap:InterestRateSwapMember2026-01-012026-09-300001169770banc:InterestRateCollarsMember2026-01-012026-09-300001169770us-gaap:InterestRateCapMember2026-01-012026-09-300001169770us-gaap:CashFlowHedgingMember2026-09-300001169770us-gaap:CashFlowHedgingMember2026-01-012026-09-300001169770banc:CreditLinkedNotesMember2026-07-012026-09-300001169770banc:CreditLinkedNotesMember2026-01-012026-09-300001169770banc:CreditLinkedNotesMember2025-07-012025-09-300001169770banc:CreditLinkedNotesMember2025-01-012025-09-300001169770us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770banc:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770banc:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770banc:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770banc:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770banc:PrivateLabelCollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770banc:PrivateLabelCollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770banc:PrivateLabelCollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770banc:PrivateLabelCollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770banc:SBAassetbackedsecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770banc:SBAassetbackedsecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770banc:SBAassetbackedsecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770banc:SBAassetbackedsecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:EquityInvestmentsDeterminableFairValuesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:EquityInvestmentsDeterminableFairValuesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:EquityInvestmentsDeterminableFairValuesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:EquityInvestmentsDeterminableFairValuesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770banc:DerivativeAssetCashFlowHedgesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770banc:DerivativeAssetCashFlowHedgesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770banc:DerivativeAssetCashFlowHedgesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770banc:DerivativeAssetCashFlowHedgesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateAndForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateAndForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateAndForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateAndForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:WarrantMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:WarrantMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:WarrantMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:WarrantMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770banc:DerivativeLiabilityCashFlowHedgesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770banc:DerivativeLiabilityCashFlowHedgesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770banc:DerivativeLiabilityCashFlowHedgesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770banc:DerivativeLiabilityCashFlowHedgesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770banc:CreditLinkedNotesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770banc:CreditLinkedNotesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770banc:CreditLinkedNotesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770banc:CreditLinkedNotesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:CommercialMortgageBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770banc:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770banc:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770banc:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770banc:GovernmentagencyandgovernmentsponsoredenterprisecollateralizedmortgageobligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770banc:PrivateLabelCollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770banc:PrivateLabelCollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770banc:PrivateLabelCollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770banc:PrivateLabelCollateralizedMortgageObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:CollateralizedLoanObligationsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:MortgageBackedSecuritiesIssuedByPrivateEnterprisesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:AssetBackedSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770banc:SBAassetbackedsecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770banc:SBAassetbackedsecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770banc:SBAassetbackedsecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770banc:SBAassetbackedsecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:EquityInvestmentsDeterminableFairValuesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateAndForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateAndForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770banc:InterestRateAndForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateAndForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:WarrantMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:WarrantMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:WarrantMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:WarrantMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770banc:DerivativeLiabilityCashFlowHedgesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770banc:DerivativeLiabilityCashFlowHedgesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770banc:DerivativeLiabilityCashFlowHedgesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770banc:DerivativeLiabilityCashFlowHedgesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770banc:CreditLinkedNotesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770banc:CreditLinkedNotesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770banc:CreditLinkedNotesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770banc:CreditLinkedNotesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:WarrantMember2026-01-012026-09-300001169770banc:SpreadTo10YearTreasuryMembersrt:MinimumMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770banc:SpreadTo10YearTreasuryMembersrt:MaximumMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770banc:SpreadTo10YearTreasuryMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:MeasurementInputDiscountRateMembersrt:MinimumMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:MeasurementInputDiscountRateMembersrt:MaximumMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:MeasurementInputPriceVolatilityMembersrt:MinimumMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:MeasurementInputPriceVolatilityMembersrt:MaximumMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:MeasurementInputPriceVolatilityMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:MeasurementInputRiskFreeInterestRateMembersrt:MinimumMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:MeasurementInputRiskFreeInterestRateMembersrt:MaximumMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:MeasurementInputRiskFreeInterestRateMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:MeasurementInputExpectedTermMembersrt:MinimumMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:MeasurementInputExpectedTermMembersrt:MaximumMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:MeasurementInputExpectedTermMembersrt:WeightedAverageMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:CorporateDebtSecuritiesMember2025-12-310001169770banc:EquityWarrantsMember2025-12-310001169770banc:CreditLinkedNotesMember2025-12-310001169770us-gaap:CorporateDebtSecuritiesMember2026-01-012026-09-300001169770banc:EquityWarrantsMember2026-01-012026-09-300001169770banc:CreditLinkedNotesMember2026-01-012026-09-300001169770us-gaap:CorporateDebtSecuritiesMember2026-09-300001169770banc:EquityWarrantsMember2026-09-300001169770banc:CreditLinkedNotesMember2026-09-300001169770us-gaap:FairValueMeasurementsNonrecurringMember2026-09-300001169770us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:FairValueMeasurementsNonrecurringMember2025-12-310001169770us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770banc:NonPurchasedCreditImpairedLoansAndLeasesMemberus-gaap:FairValueMeasurementsNonrecurringMember2026-07-012026-09-300001169770banc:NonPurchasedCreditImpairedLoansAndLeasesMemberus-gaap:FairValueMeasurementsNonrecurringMember2025-07-012025-09-300001169770banc:NonPurchasedCreditImpairedLoansAndLeasesMemberus-gaap:FairValueMeasurementsNonrecurringMember2026-01-012026-09-300001169770banc:NonPurchasedCreditImpairedLoansAndLeasesMemberus-gaap:FairValueMeasurementsNonrecurringMember2025-01-012025-09-300001169770banc:OtherrealestateandforeclosedassetsMemberus-gaap:FairValueMeasurementsNonrecurringMember2026-07-012026-09-300001169770banc:OtherrealestateandforeclosedassetsMemberus-gaap:FairValueMeasurementsNonrecurringMember2025-07-012025-09-300001169770banc:OtherrealestateandforeclosedassetsMemberus-gaap:FairValueMeasurementsNonrecurringMember2026-01-012026-09-300001169770banc:OtherrealestateandforeclosedassetsMemberus-gaap:FairValueMeasurementsNonrecurringMember2025-01-012025-09-300001169770us-gaap:FairValueMeasurementsNonrecurringMember2026-07-012026-09-300001169770us-gaap:FairValueMeasurementsNonrecurringMember2025-07-012025-09-300001169770us-gaap:FairValueMeasurementsNonrecurringMember2026-01-012026-09-300001169770us-gaap:FairValueMeasurementsNonrecurringMember2025-01-012025-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:CashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:InterestEarningDepositsInFinancialInstitutionsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestEarningDepositsInFinancialInstitutionsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestEarningDepositsInFinancialInstitutionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestEarningDepositsInFinancialInstitutionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestEarningDepositsInFinancialInstitutionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:InvestmentInFRBAndFHLBStockMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InvestmentInFRBAndFHLBStockMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InvestmentInFRBAndFHLBStockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InvestmentInFRBAndFHLBStockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InvestmentInFRBAndFHLBStockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:LoansHFSMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansHFSMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansHFSMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansHFSMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansHFSMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:LoansAndLeasesHFINetMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansAndLeasesHFINetMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansAndLeasesHFINetMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansAndLeasesHFINetMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansAndLeasesHFINetMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:EquityInvestmentsDeterminableFairValuesMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:WarrantMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:InterestRateAndForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:ServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:ServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:ServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:ServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:ServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:DemandDepositsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DemandDepositsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DemandDepositsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DemandDepositsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DemandDepositsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:DepositsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DepositsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DepositsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DepositsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DepositsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:BorrowingsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BorrowingsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BorrowingsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BorrowingsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BorrowingsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:SubordinatedDebtMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:SubordinatedDebtMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:SubordinatedDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:SubordinatedDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2026-09-300001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:SubordinatedDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:InterestRateForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMember2026-09-300001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:CashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashAndCashEquivalentsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:InterestEarningDepositsInFinancialInstitutionsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestEarningDepositsInFinancialInstitutionsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestEarningDepositsInFinancialInstitutionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestEarningDepositsInFinancialInstitutionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestEarningDepositsInFinancialInstitutionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:AvailableforsaleSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:HeldtomaturitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:HeldtomaturitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:HeldtomaturitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:HeldtomaturitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:HeldtomaturitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:InvestmentInFRBAndFHLBStockMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InvestmentInFRBAndFHLBStockMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InvestmentInFRBAndFHLBStockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InvestmentInFRBAndFHLBStockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InvestmentInFRBAndFHLBStockMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:LoansHFSMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansHFSMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansHFSMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansHFSMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansHFSMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:LoansAndLeasesHFINetMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansAndLeasesHFINetMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansAndLeasesHFINetMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansAndLeasesHFINetMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:LoansAndLeasesHFINetMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:EquityInvestmentsDeterminableFairValuesMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:EquityInvestmentsDeterminableFairValuesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:EquityInvestmentsDeterminableFairValuesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:EquityInvestmentsDeterminableFairValuesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:WarrantMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:WarrantMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:WarrantMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:WarrantMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:InterestRateAndForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:InterestRateAndForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:ServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:ServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:ServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:ServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberbanc:ServicingRightsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:DemandDepositsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DemandDepositsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DemandDepositsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DemandDepositsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DemandDepositsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:DepositsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DepositsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DepositsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DepositsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:DepositsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:BorrowingsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BorrowingsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BorrowingsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BorrowingsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:BorrowingsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:SubordinatedDebtMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:SubordinatedDebtMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:SubordinatedDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:SubordinatedDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:SubordinatedDebtMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel2Member2025-12-310001169770us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:CashFlowHedgingMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel3Member2025-12-310001169770us-gaap:CarryingReportedAmountFairValueDisclosureMemberbanc:InterestRateForeignExchangeContractsMemberus-gaap:FairValueMeasurementsRecurringMember2025-12-310001169770banc:CommonStockVotingMember2026-07-012026-09-300001169770us-gaap:NonvotingCommonStockMember2026-07-012026-09-300001169770banc:NonVotingCommonStockEquivalentsMember2026-07-012026-09-300001169770banc:CommonStockVotingMember2026-01-012026-09-300001169770us-gaap:NonvotingCommonStockMember2026-01-012026-09-300001169770banc:NonVotingCommonStockEquivalentsMember2026-01-012026-09-300001169770banc:CommonStockVotingMember2025-07-012025-09-300001169770us-gaap:NonvotingCommonStockMember2025-07-012025-09-300001169770banc:NonVotingCommonStockEquivalentsMember2025-07-012025-09-300001169770banc:NVCENonVotingShareClassMemberbanc:CommonStockVotingMember2025-07-012025-09-300001169770banc:NVCENonVotingShareClassMemberus-gaap:NonvotingCommonStockMember2025-07-012025-09-300001169770banc:NVCENonVotingShareClassMemberbanc:NonVotingCommonStockEquivalentsMember2025-07-012025-09-300001169770banc:NVCENonVotingShareClassMember2025-07-012025-09-300001169770us-gaap:CommonStockMemberbanc:CommonStockVotingMember2025-07-012025-09-300001169770us-gaap:CommonStockMemberus-gaap:NonvotingCommonStockMember2025-07-012025-09-300001169770us-gaap:CommonStockMemberbanc:NonVotingCommonStockEquivalentsMember2025-07-012025-09-300001169770us-gaap:CommonStockMember2025-07-012025-09-300001169770banc:CommonStockVotingMember2025-01-012025-09-300001169770us-gaap:NonvotingCommonStockMember2025-01-012025-09-300001169770banc:NonVotingCommonStockEquivalentsMember2025-01-012025-09-300001169770banc:NVCENonVotingShareClassMemberbanc:CommonStockVotingMember2025-01-012025-09-300001169770banc:NVCENonVotingShareClassMemberus-gaap:NonvotingCommonStockMember2025-01-012025-09-300001169770banc:NVCENonVotingShareClassMemberbanc:NonVotingCommonStockEquivalentsMember2025-01-012025-09-300001169770banc:NVCENonVotingShareClassMember2025-01-012025-09-300001169770us-gaap:CommonStockMemberbanc:CommonStockVotingMember2025-01-012025-09-300001169770us-gaap:CommonStockMemberus-gaap:NonvotingCommonStockMember2025-01-012025-09-300001169770us-gaap:CommonStockMemberbanc:NonVotingCommonStockEquivalentsMember2025-01-012025-09-300001169770us-gaap:CommonStockMember2025-01-012025-09-300001169770us-gaap:RestrictedStockUnitsRSUMember2026-07-012026-09-300001169770us-gaap:RestrictedStockUnitsRSUMember2025-07-012025-09-300001169770us-gaap:RestrictedStockUnitsRSUMember2026-01-012026-09-300001169770us-gaap:RestrictedStockUnitsRSUMember2025-01-012025-09-300001169770us-gaap:WarrantMember2026-07-012026-09-300001169770us-gaap:WarrantMember2025-07-012025-09-300001169770us-gaap:WarrantMember2026-01-012026-09-300001169770us-gaap:WarrantMember2025-01-012025-09-300001169770banc:InterestMember2026-07-012026-09-300001169770banc:InterestMember2025-07-012025-09-300001169770banc:ServiceChargesOnDepositAccountsMember2026-07-012026-09-300001169770banc:ServiceChargesOnDepositAccountsMember2025-07-012025-09-300001169770banc:OtherCommissionsAndFeesMember2026-07-012026-09-300001169770banc:OtherCommissionsAndFeesMember2025-07-012025-09-300001169770banc:LeaseEquipmentIncomeMember2026-07-012026-09-300001169770banc:LeaseEquipmentIncomeMember2025-07-012025-09-300001169770banc:LossGainOnLoansAndLeasesHFSMember2026-07-012026-09-300001169770banc:LossGainOnLoansAndLeasesHFSMember2025-07-012025-09-300001169770banc:LossOnSecuritiesAFSMember2026-07-012026-09-300001169770banc:LossOnSecuritiesAFSMember2025-07-012025-09-300001169770banc:DividendsAndGainsLossesOnEquityInvestmentsMember2026-07-012026-09-300001169770banc:DividendsAndGainsLossesOnEquityInvestmentsMember2025-07-012025-09-300001169770banc:WarrantyIncomeMember2026-07-012026-09-300001169770banc:WarrantyIncomeMember2025-07-012025-09-300001169770banc:OtherMember2026-07-012026-09-300001169770banc:OtherMember2025-07-012025-09-300001169770banc:NoninterestIncomeMember2026-07-012026-09-300001169770banc:NoninterestIncomeMember2025-07-012025-09-300001169770us-gaap:TransferredAtPointInTimeMember2026-07-012026-09-300001169770us-gaap:TransferredAtPointInTimeMember2025-07-012025-09-300001169770us-gaap:TransferredOverTimeMember2026-07-012026-09-300001169770us-gaap:TransferredOverTimeMember2025-07-012025-09-300001169770banc:InterestMember2026-01-012026-09-300001169770banc:InterestMember2025-01-012025-09-300001169770banc:ServiceChargesOnDepositAccountsMember2026-01-012026-09-300001169770banc:ServiceChargesOnDepositAccountsMember2025-01-012025-09-300001169770banc:OtherCommissionsAndFeesMember2026-01-012026-09-300001169770banc:OtherCommissionsAndFeesMember2025-01-012025-09-300001169770banc:LeaseEquipmentIncomeMember2026-01-012026-09-300001169770banc:LeaseEquipmentIncomeMember2025-01-012025-09-300001169770banc:LossGainOnLoansAndLeasesHFSMember2026-01-012026-09-300001169770banc:LossGainOnLoansAndLeasesHFSMember2025-01-012025-09-300001169770banc:LossOnSecuritiesAFSMember2026-01-012026-09-300001169770banc:LossOnSecuritiesAFSMember2025-01-012025-09-300001169770banc:DividendsAndGainsLossesOnEquityInvestmentsMember2026-01-012026-09-300001169770banc:DividendsAndGainsLossesOnEquityInvestmentsMember2025-01-012025-09-300001169770banc:WarrantyIncomeMember2026-01-012026-09-300001169770banc:WarrantyIncomeMember2025-01-012025-09-300001169770banc:OtherMember2026-01-012026-09-300001169770banc:OtherMember2025-01-012025-09-300001169770banc:NoninterestIncomeMember2026-01-012026-09-300001169770banc:NoninterestIncomeMember2025-01-012025-09-300001169770us-gaap:TransferredAtPointInTimeMember2026-01-012026-09-300001169770us-gaap:TransferredAtPointInTimeMember2025-01-012025-09-300001169770us-gaap:TransferredOverTimeMember2026-01-012026-09-300001169770us-gaap:TransferredOverTimeMember2025-01-012025-09-300001169770banc:SecondAmendedAndRestatedTwoThousandEighteenPlanMember2026-09-300001169770us-gaap:RestrictedStockMemberbanc:SecondAmendedAndRestatedTwoThousandEighteenPlanMember2026-09-300001169770banc:TimeBasedRestrictedStockAwardsMemberbanc:PacWest2017StockIncentivePlanMember2026-09-300001169770srt:MinimumMember2026-01-012026-09-300001169770srt:MaximumMember2026-01-012026-09-300001169770us-gaap:PerformanceSharesMember2026-09-300001169770us-gaap:SeriesFPreferredStockMember2026-09-300001169770us-gaap:SeriesFPreferredStockMember2025-12-310001169770banc:NVCENonVotingShareClassMemberbanc:WarburgInvestorsMember2023-07-250001169770banc:NVCENonVotingShareClassMemberbanc:CenterbridgeInvestorMember2023-07-250001169770banc:CenterbridgeInvestorMember2023-07-252023-07-250001169770us-gaap:WarrantMember2026-01-012026-09-300001169770banc:NVCENonVotingShareClassMemberbanc:WarburgInvestorsMember2026-01-012026-09-300001169770banc:NVCENonVotingShareClassMemberbanc:CenterbridgeInvestorMember2026-01-012026-09-300001169770banc:NVCENonVotingShareClassMember2026-09-300001169770banc:StockRepurchasePlanMarch172025Member2025-03-170001169770banc:StockRepurchasePlanApril232025Member2025-04-230001169770banc:StockRepurchasePlanMarch232026Member2026-01-012026-09-300001169770banc:StockRepurchasePlanMarch232026Member2026-09-300001169770banc:OneReportableSegmentMember2026-09-300001169770banc:OneReportableSegmentMember2025-12-310001169770us-gaap:RelatedPartyMember2026-09-300001169770banc:IntraFiMember2026-01-012026-09-300001169770banc:IntraFiMember2025-01-012025-09-300001169770us-gaap:SubsequentEventMember2026-11-062026-11-06

 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2026

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ______

Commission File Number 001-35522

BANC OF CALIFORNIA, INC.

(Exact name of registrant as specified in its charter)

Maryland						04-3639825
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)

11611 San Vicente Boulevard, Suite 500

Los Angeles, CA 90049

(Address of Principal Executive Offices, Including Zip Code)

(855) 361-2262

(Registrant's Telephone Number, Including Area Code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Common Stock, par value $0.01 per share

BANC

New York Stock Exchange

Depositary Shares, each representing a 1/40th interest

in a share of 7.75% fixed rate reset non-cumulative

perpetual preferred stock, Series F

BANC/PF

New York Stock Exchange

(Title of Each Class)

(Trading Symbol)

(Name of Exchange on Which Registered)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes  ☑  No   ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes  ☑      No  ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

☑

Large accelerated filer

☐

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).     Yes ☐ No  ☑

As of October 30, 2026, there were 157,977,644 shares of the registrant's voting common stock outstanding, excluding 4,670 shares of unvested restricted stock, and there were 477,321 shares of the registrant's class B non-voting common stock outstanding.

1

BANC OF CALIFORNIA, INC.

SEPTEMBER 30, 2026 QUARTERLY REPORT ON FORM 10-Q

TABLE OF CONTENTS

						Page
PART I. FINANCIAL INFORMATION
Item 1.			Consolidated Financial Statements (Unaudited)
			Consolidated Balance Sheets			4
			Consolidated Statements of Earnings			5
			Consolidated Statements of Comprehensive Income			6
			Consolidated Statements of Changes in Stockholders' Equity			7
			Consolidated Statements of Cash Flows			13
			Notes to Unaudited Consolidated Financial Statements			15
Item 2.			Management's Discussion and Analysis of Financial Condition and Results of Operations			62
Item 3.			Quantitative and Qualitative Disclosures About Market Risk			91
Item 4.			Controls and Procedures			94
PART II. OTHER INFORMATION
Item 1.			Legal Proceedings			94
Item 1A.			Risk Factors			94
Item 2.			Unregistered Sales of Equity Securities and Use of Proceeds			94
Item 3.			Defaults Upon Senior Securities			95
Item 4.			Mine Safety Disclosures			95
Item 5.			Other Information			95
Item 6.			Exhibits			95
Signatures						96

2

PART I. FINANCIAL INFORMATION

Glossary of Acronyms, Abbreviations, and Terms

The acronyms, abbreviations, and terms listed below are used in various sections of this Quarterly Report on Form 10-Q, including "Item 1. Financial Statements" and "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations."

ACL

Allowance for Credit Losses

FRBSF

Federal Reserve Bank of San Francisco

AFS

Available-for-Sale

HFI

Held for Investment

ALLL

Allowance for Loan and Lease Losses

HFS

Held for Sale

AOCI

Accumulated Other Comprehensive Income (Loss)

HLBV

Hypothetical Liquidation at Book Value

ASC

Accounting Standards Codification

HTM

Held-to-Maturity

ASU

Accounting Standards Update

IRR

Interest Rate Risk

Basel III

A comprehensive capital framework and rules for U.S. banking organizations approved by the FRB and the FDIC in 2013

LIHTC

Low Income Housing Tax Credit

BOLI

Bank Owned Life Insurance

LOCOM

Lower of Cost or Market

CDI

Core Deposit Intangible Assets

MBS

Mortgage-Backed Securities

CECL

Current Expected Credit Loss

NDFI

Non-Deposit Financial Institutions

CET1

Common Equity Tier 1

NII

Net Interest Income

CMBS

Commercial Mortgage-Backed Securities

NVCE

Non-Voting Common Stock Equivalents

CMOs

Collateralized Mortgage Obligations

OREO

Other Real Estate Owned

CODM

Chief Operating Decision Maker

PSUs

Performance Stock Units

CRE

Commercial Real Estate

ROATCE

Return on Average Tangible Common Equity

CRA

Community Reinvestment Act

ROU

Right-of-use

CRI

Customer Relationship Intangible Assets

RSUs

Restricted Stock Units

DFPI

California Department of Financial Protection and Innovation

SBA

Small Business Administration

DTAs

Deferred Tax Assets

SBIC

Small Business Investment Company

ECR

Earnings Credit Rate

SEC

Securities and Exchange Commission

EVE

Economic Value of Equity

SFR

Single-Family Residential

FASB

Financial Accounting Standards Board

SOFR

Secured Overnight Financing Rate

FDIC

Federal Deposit Insurance Corporation

TRSAs

Time-Based Restricted Stock Awards

FHLB

Federal Home Loan Bank of San Francisco

U.S. GAAP

U.S. Generally Accepted Accounting Principles

FRB

Board of Governors of the Federal Reserve System

3

ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

			September 30, 2026						December 31, 2025
			(In thousands, except par value amounts)
ASSETS:
Cash and due from banks			$	293,680					$	181,103
Interest-earning deposits in financial institutions			1,875,027						2,126,862
Total cash, cash equivalents, and restricted cash			2,168,707						2,307,965
Securities AFS, at fair value, net of allowance for credit losses (amortized cost of
$5,438,255 and $2,646,414, respectively)(ACL of $3,250 and $775, respectively)			5,065,839						2,454,058
Securities HTM, at amortized cost, net of allowance for credit losses (fair value of
$0 and $2,246,526, respectively)(ACL of $0 and $695, respectively)			—						2,308,636
FRB and FHLB stock, at cost			175,691						160,442
Total investment securities			5,241,530						4,923,136
Loans HFS			498,759						182,936
Loans and leases HFI			24,590,523						25,032,679
Allowance for loan and lease losses			(234,428)						(245,612)
Total loans and leases HFI, net			24,356,095						24,787,067
Equipment leased to others under operating leases			267,883						238,232
Premises and equipment, net			147,343						146,698
Bank owned life insurance			352,351						350,083
Goodwill			214,521						214,521
Intangible assets, net			86,521						105,287
Deferred tax asset, net			743,714						656,755
Other assets			888,071						884,762
Total assets			$	34,965,495					$	34,797,442
LIABILITIES:
Noninterest-bearing deposits			$	7,690,767					$	7,822,787
Interest-bearing deposits			20,569,542						20,020,570
Total deposits			28,260,309						27,843,357
Borrowings (including $108,626 and $113,634 at fair value, respectively)			2,408,626						2,063,819
Subordinated debt			575,024						952,740
Accrued interest payable and other liabilities			372,707						396,249
Total liabilities			31,616,666						31,256,165
Commitments and contingencies (Note 10)
STOCKHOLDERS' EQUITY:
Preferred stock			498,516						498,516
Common stock ($0.01 par value, 157,982,314 shares issued and 157,977,644 outstanding at
September 30, 2026; 150,039,018 shares issued and 149,963,520 outstanding at December 31, 2025)			1,580						1,500
Class B non-voting common stock ($0.01 par value, 477,321 shares issued at September 30, 2026
and 477,321 shares issued at December 31, 2025)			5						5
NVCE ($0.01 par value, no shares issued at September 30, 2026
and 5,017,064 shares issued at December 31, 2025)			—						50
Additional paid-in capital			3,471,958						3,552,483
Retained deficit			(358,195)						(242,016)
Accumulated other comprehensive loss, net			(265,035)						(269,261)
Total stockholders' equity			3,348,829						3,541,277
Total liabilities and stockholders' equity			$	34,965,495					$	34,797,442

See Notes to Unaudited Consolidated Financial Statements.

4

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF EARNINGS

			Three Months Ended																		Nine Months Ended
			September 30,						June 30,						September 30,						September 30,
			2026						2026						2025						2026						2025
			(In thousands, except per share amounts)
Interest income:
Loans and leases			$	362,549					$	354,832					$	372,723					$	1,067,324					$	1,081,129
Investment securities			60,125						42,407						38,291						144,405						113,769
Deposits in financial institutions			20,062						17,357						21,527						53,045						64,807
Total interest income			442,736						414,596						432,541						1,264,774						1,259,705
Interest expense:
Deposits			130,248						124,270						143,074						374,751						428,544
Borrowings			27,623						26,568						20,461						74,368						58,903
Subordinated debt			12,423						13,257						15,562						41,095						46,234
Total interest expense			170,294						164,095						179,097						490,214						533,681
Net interest income			272,442						250,501						253,444						774,560						726,024
Provision for credit losses			10,400						161,780						9,700						181,980						58,100
Net interest income after provision for credit losses			262,042						88,721						243,744						592,580						667,924
Noninterest income:
Leased equipment income			9,812						7,820						10,321						26,162						31,336
Commissions and fees			9,307						9,034						9,514						29,321						29,113
Service charges on deposit accounts			4,881						4,763						5,109						14,622						14,108
Loss on loans and leases HFS			(4,199)						(12,544)						(374)						(16,733)						(142)
Gain (loss) on securities AFS			728						(256,749)						—						(256,021)						—
Dividends and gain on equity investments			2,675						3,326						2,291						8,003						4,500
Warrant income			221						896						433						2,055						1,365
Other income			7,931						9,358						6,991						25,179						20,288
Total noninterest income (loss)			31,356						(234,096)						34,285						(167,412)						100,568
Noninterest expense:
Compensation			87,318						85,120						88,865						263,538						263,644
Customer related expense			24,834						24,114						26,227						72,685						80,555
Occupancy			14,733						14,714						15,415						44,339						45,898
Information technology and data processing			13,133						13,769						13,535						41,241						41,707
Insurance and assessments			12,211						14,500						8,994						33,475						25,680
Intangible asset amortization			6,188						6,349						7,160						18,885						21,479
Leased equipment depreciation			6,078						5,168						6,750						16,550						20,191
Other professional services			5,914						5,599						5,394						15,749						16,313
Loan expense			4,709						5,170						4,947						14,171						11,927
Other expense			10,252						15,364						8,397						35,995						27,812
Total noninterest expense			185,370						189,867						185,684						556,628						555,206
Earnings (loss) before income taxes			108,028						(335,242)						92,345						(131,460)						213,286
Income tax expense (benefit)			24,971						(93,895)						22,716						(45,122)						61,704
Net earnings (loss)			83,057						(241,347)						69,629						(86,338)						151,582
Preferred stock dividends			9,947						9,947						9,947						29,841						29,841
Net earnings (loss) available to common
and equivalent stockholders			$	73,110					$	(251,294)					$	59,682					$	(116,179)					$	121,741
Earnings (loss) per share:
Basic			$	0.46					$	(1.61)					$	0.38					$	(0.74)					$	0.75
Diluted			$	0.46					$	(1.61)					$	0.38					$	(0.74)					$	0.75

See Notes to Unaudited Consolidated Financial Statements.

5

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

			Three Months Ended																		Nine Months Ended
			September 30,						June 30,						September 30,						September 30,
			2026						2026						2025						2026						2025
			(In thousands)
Net earnings (loss)			$	83,057					$	(241,347)					$	69,629					$	(86,338)					$	151,582
Other comprehensive (loss) income, net of tax
Unrealized net holding (losses) gains on securities
AFS arising during the period			(159,782)						(138,285)						25,836						(307,282)						72,553
Income tax benefit (expense) related to unrealized
net holding gains (losses) arising during the period			44,169						73,387						(7,124)						120,109						(20,427)
Unrealized net holding (losses) gains on securities AFS, net of tax			(115,613)						(64,898)						18,712						(187,173)						52,126
Reclassification adjustment for net (gains) losses included in net earnings			(728)						256,749						—						256,021						—
Income tax expense (benefit) related to reclassification adjustment			202						(71,120)						—						(70,918)						—
Reclassification adjustment for net (gains) losses included
in net earnings, net of tax			(526)						185,629						—						185,103						—
Amortization of unrealized net loss on securities
transferred from AFS to HTM (1)			—						6,133						8,646						14,709						25,332
Income tax expense related to amortization of unrealized net loss
on securities transferred from AFS to HTM			—						(1,597)						(2,384)						(3,973)						(7,115)
Amortization of unrealized net loss on securities transferred
from AFS to HTM, net of tax			—						4,536						6,262						10,736						18,217
Change in fair value of credit-linked notes			(96)						(106)						1,361						(313)						990
Income tax benefit (expense) related to change in fair value
of credit-linked notes			26						29						(375)						86						(237)
Change in fair value of credit-linked notes, net of tax			(70)						(77)						986						(227)						753
Unrealized (loss) gain on cash flow hedges arising during the period			(6,384)						(2,027)						331						(5,827)						(4,594)
Income tax benefit (expense) related to unrealized gain (loss) on cash flow
hedges arising during the period			1,768						562						(91)						1,614						1,261
Unrealized (loss) gain on cash flow hedges, net of tax			(4,616)						(1,465)						240						(4,213)						(3,333)
Other comprehensive (loss) income, net of tax			(120,825)						123,725						26,200						4,226						67,763
Comprehensive (loss) income			$	(37,768)					$	(117,622)					$	95,829					$	(82,112)					$	219,345

__________________________

(1)    As part of the strategic balance sheet actions completed during the nine months ended September 30, 2026, the Company transferred all HTM securities, including those originally reclassified into the HTM portfolio, to the AFS portfolio at fair value. The previously combined net unrealized losses in AOCI attributable to these securities were recognized as part of the transfer and subsequent sale of the securities. See "Note 3. Investment Securities" for further detail on the securities portfolio.

See Notes to Unaudited Consolidated Financial Statements.

6

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

			Nine Months Ended September 30, 2026
																					Non-Voting																		Accumulated
									Common Stock												Common						Additional												Other
			Preferred												Class B						Stock						Paid-in						Retained						Comprehensive
			Stock						Voting						Non-Voting						Equivalents						Capital						Deficit						Loss, Net						Total
			(In thousands, except per share amount)
Balance, December 31, 2025			$	498,516					$	1,500					$	5					$	50					$	3,552,483					$	(242,016)					$	(269,261)					$	3,541,277
Net earnings			—						—						—						—						—						71,952						—						71,952
Other comprehensive income, net of tax			—						—						—						—						—						—						1,326						1,326
Restricted stock awarded and earned stock
compensation, net of shares forfeited			—						5						—						—						5,631						—						—						5,636
Conversion of NVCE to voting common stock			—						40						—						(40)						—						—						—						—
Restricted stock surrendered			—						—						—						—						(5,574)						—						—						(5,574)
Shares purchased under
Dividend Reinvestment Plan			—						—						—						—						115						—						—						115
Shares repurchased under Stock Repurchase
Program including excise tax			—						(7)						—						—						(12,073)						—						—						(12,080)
NVCE repurchased			—						—						—						(10)						(20,190)						—						—						(20,200)
Cash dividends paid:
Preferred stock, $0.4845/depositary share			—						—						—						—						—						(9,947)						—						(9,947)
Common stock, $0.12/share			—						—						—						—						(19,179)						—						—						(19,179)
Balance, March 31, 2026			$	498,516					$	1,538					$	5					$	—					$	3,501,213					$	(180,011)					$	(267,935)					$	3,553,326
Net loss			—						—						—						—						—						(241,347)						—						(241,347)
Other comprehensive income, net of tax			—						—						—						—						—						—						123,725						123,725
Restricted stock awarded and earned stock
compensation, net of shares forfeited			—						1						—						—						4,195						—						—						4,196
Restricted stock surrendered			—						—						—						—						(660)						—						—						(660)
Shares purchased under
Dividend Reinvestment Plan			—						—						—						—						99						—						—						99
Warrants exercised			—						41						—						—						(41)						—						—						—
Shares repurchased under Stock Repurchase
Program including excise tax			—						—						—						—						109						—						—						109
Cash dividends paid:
Preferred stock, $0.4845/depositary share			—						—						—						—						—						(9,947)						—						(9,947)
Common stock, $0.12/share			—						—						—						—						(19,355)						—						—						(19,355)
Balance, June 30, 2026			$	498,516					$	1,580					$	5					$	—					$	3,485,560					$	(431,305)					$	(144,210)					$	3,410,146

7

			Nine Months Ended September 30, 2026
																					Non-Voting																		Accumulated
									Common Stock												Common						Additional												Other
			Preferred												Class B						Stock						Paid-in						Retained						Comprehensive
			Stock						Voting						Non-Voting						Equivalents						Capital						Deficit						Loss, Net						Total
			(In thousands, except per share amount)
Balance, June 30, 2026			$	498,516					$	1,580					$	5					$	—					$	3,485,560					$	(431,305)					$	(144,210)					$	3,410,146
Net earnings			—						—						—						—						—						83,057						—						83,057
Other comprehensive loss, net of tax			—						—						—						—						—						—						(120,825)						(120,825)
Restricted stock awarded and earned stock
compensation, net of shares forfeited			—						—						—						—						5,962						—						—						5,962
Restricted stock surrendered			—						—						—						—						(253)						—						—						(253)
Shares purchased under the
Dividend Reinvestment Plan			—						—						—						—						86						—						—						86
Cash dividends paid:
Preferred stock, $0.4845/depositary share			—						—						—						—						—						(9,947)						—						(9,947)
Common stock, $0.12/share			—						—						—						—						(19,397)						—						—						(19,397)
Balance, September 30, 2026			$	498,516					$	1,580					$	5					$	—					$	3,471,958					$	(358,195)					$	(265,035)					$	3,348,829

See Notes to Unaudited Consolidated Financial Statements.

8

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

			Nine Months Ended September 30, 2026
									Common Stock												Non-Voting
			Preferred												Class B						Common Stock
			Stock						Voting						Non-Voting						Equivalents
Number of shares, December 31, 2025			513,250						150,039,018						477,321						5,017,064
Restricted stock awarded and earned stock
compensation, net of shares forfeited			—						723,872						—						—
Restricted stock surrendered			—						(291,929)						—						—
Shares purchased under Dividend Reinvestment Plan			—						6,634						—						—
Shares repurchased under Stock Repurchase Program			—						(709,935)						—						(1,000,000)
Conversion of NVCE to voting common stock			—						4,017,064						—						(4,017,064)
Number of shares, March 31, 2026			513,250						153,784,724						477,321						—
Restricted stock awarded and earned stock
compensation, net of shares forfeited			—						105,265						—						—
Restricted stock surrendered			—						(34,634)						—						—
Shares purchased under Dividend Reinvestment Plan			—						4,912						—						—
Warrants exercised			—						4,094,932						—						—
Number of shares, June 30, 2026			513,250						157,955,199						477,321						—
Restricted stock awarded and earned stock
compensation, net of shares forfeited			—						35,200						—						—
Restricted stock surrendered			—						(13,271)						—						—
Shares purchased under Dividend Reinvestment Plan			—						5,186						—						—
Number of shares, September 30, 2026			513,250						157,982,314						477,321						—

See Notes to Unaudited Consolidated Financial Statements.

9

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

			Nine Months Ended September 30, 2025
																					Non-Voting																		Accumulated
									Common Stock												Common						Additional												Other
			Preferred												Class B						Stock						Paid-in						Retained						Comprehensive
			Stock						Voting						Non-Voting						Equivalents						Capital						Deficit						Loss, Net						Total
			(In thousands, except per share amount)
Balance, December 31, 2024			$	498,516					$	1,586					$	5					$	98					$	3,785,725					$	(431,201)					$	(354,780)					$	3,499,949
Net earnings			—						—						—						—						—						53,568						—						53,568
Other comprehensive income, net of tax			—						—						—						—						—						—						31,460						31,460
Restricted stock awarded and earned stock
compensation, net of shares forfeited			—						2						—						—						5,493						—						—						5,495
Restricted stock surrendered			—						—						—						—						(2,699)						—						—						(2,699)
Shares purchased under
Dividend Reinvestment Plan			—						—						—						—						72						—						—						72
Shares repurchased under Stock Repurchase
Program including excise tax			—						(27)						—						—						(38,904)						—						—						(38,931)
Cash dividends paid:
Preferred stock, $0.4845/depositary share			—						—						—						—						—						(9,947)						—						(9,947)
Common stock, $0.10/share			—						—						—						—						(17,311)						—						—						(17,311)
Balance, March 31, 2025			$	498,516					$	1,561					$	5					$	98					$	3,732,376					$	(387,580)					$	(323,320)					$	3,521,656
Net earnings			—						—						—						—						—						28,385						—						28,385
Other comprehensive income, net of tax			—						—																		—						—						10,103						10,103
Restricted stock awarded and earned stock
compensation, net of shares forfeited									1																		6,436						—						—						6,437
Restricted stock surrendered			—						—						—						—						(688)						—						—						(688)
Shares purchased under
Dividend Reinvestment Plan			—						—						—						—						72						—						—						72
Shares repurchased under Stock Repurchase
Program including excise tax			—						(88)						—						—						(112,826)						—						—						(112,914)
Cash dividends paid:
Preferred stock, $0.4845/depositary share			—						—						—						—						—						(9,947)						—						(9,947)
Common stock, $0.10/share									—																		(16,261)						—						—						(16,261)
Balance, June 30, 2025			$	498,516					$	1,474					$	5					$	98					$	3,609,109					$	(369,142)					$	(313,217)					$	3,426,843

10

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

			Nine Months Ended September 30, 2025
																					Non-Voting																		Accumulated
									Common Stock												Common						Additional												Other
			Preferred												Class B						Stock						Paid-in						Retained						Comprehensive
			Stock						Voting						Non-Voting						Equivalents						Capital						Deficit						Loss, Net						Total
			(In thousands, except per share amount)
Balance, June 30, 2025			$	498,516					$	1,474					$	5					$	98					$	3,609,109					$	(369,142)					$	(313,217)					$	3,426,843
Net earnings			—						—						—						—						—						69,629						—						69,629
Other comprehensive income, net of tax			—						—						—						—						—						—						26,200						26,200
Exercise of options			—						—						—						—						77						—						—						77
Restricted stock awarded and earned stock
compensation, net of shares forfeited			—						—						—						—						6,110						—						—						6,110
Conversion of NVCE to voting common stock			—						45						—						(45)						—						—						—						—
Restricted stock surrendered			—						—						—						—						(230)						—						—						(230)
Shares purchased under the
Dividend Reinvestment Plan			—						—						—						—						70						—						—						70
Shares repurchased under Stock Repurchase
Program including excise tax			—						(10)						—						(12)						(35,860)						—						—						(35,882)
Cash dividends paid:
Preferred stock, $0.4845/depositary share			—						—						—						—						—						(9,947)						—						(9,947)
Common stock, $0.10/share			—						—						—						—						(16,131)						—						—						(16,131)
Balance, September 30, 2025			$	498,516					$	1,509					$	5					$	41					$	3,563,145					$	(309,460)					$	(287,017)					$	3,466,739

See Notes to Unaudited Consolidated Financial Statements.

11

			Nine Months Ended September 30, 2025
									Common Stock												Non-Voting
			Preferred												Class B						Common Stock
			Stock						Voting						Non-Voting						Equivalents
Number of shares, December 31, 2024			513,250						158,557,735						477,321						9,790,600
Restricted stock awarded and earned stock
compensation, net of shares forfeited			—						440,587						—						—
Restricted stock surrendered			—						(183,480)						—						—
Shares purchased under Dividend Reinvestment Plan			—						5,146						—						—
Shares repurchased under Stock Repurchase Program			—						(2,684,823)						—						—
Number of shares, March 31, 2025			513,250						156,135,165						477,321						9,790,600
Restricted stock awarded and earned stock
compensation, net of shares forfeited			—						98,629						—						—
Restricted stock surrendered			—						(50,075)						—						—
Shares purchased under Dividend Reinvestment Plan			—						5,311						—						—
Shares repurchased under Stock Repurchase Program			—						(8,809,814)						—						—
Number of shares, June 30, 2025			513,250						147,379,216						477,321						9,790,600
Restricted stock awarded and earned stock
compensation, net of shares forfeited			—						34,712						—						—
Restricted stock surrendered			—						(15,346)						—						—
Shares purchased under Dividend Reinvestment Plan			—						4,366						—						—
Shares repurchased under Stock Repurchase Program			—						(1,003,792)						—						(1,150,000)
Options exercised			—						5,616						—						—
Conversion of NVCE to voting common stock			—						4,500,000						—						(4,500,000)
Number of shares, September 30, 2025			513,250						150,904,772						477,321						4,140,600

See Notes to Unaudited Consolidated Financial Statements.

12

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

			Nine Months Ended September 30,
			2026						2025
			(In thousands)
Cash flows from operating activities:
Net (loss) earnings			$	(86,338)					$	151,582
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:
Depreciation and amortization			35,729						37,531
Amortization of net premiums on investment securities			9,225						15,038
Accretion of net purchased loan discounts and deferred loan fees			(44,349)						(67,217)
Amortization of intangible assets			19,071						21,479
Amortization of operating lease ROU assets			17,409						17,672
Provision for credit losses			181,980						58,100
Loss (gain) on sale of foreclosed assets			171						(92)
Provision for losses on foreclosed assets			111						756
(Gain) loss on sale of loans and leases			(8,741)						133
Loss on sale of premises and equipment			36						—
Loss on securities AFS, net			256,021						—
Unrealized (gain) loss on derivatives, foreign currencies, and credit-linked notes, net			(2,563)						217
LOCOM HFS adjustment			25,474						9
Earned stock compensation			15,794						18,042
(Increase) decrease in other assets			(92,196)						38,418
Decrease in accrued interest payable and other liabilities			(49,387)						(138,151)
Net cash provided by operating activities			277,447						153,517
Cash flows from investing activities:
Net increase in loans and leases			(671,628)						(744,844)
Proceeds from sales of loans and leases			623,981						242,787
Proceeds from maturities and paydowns of securities AFS			500,949						330,804
Proceeds from sales of securities AFS			2,228,373						—
Purchases of securities AFS			(3,288,690)						(444,452)
Proceeds from maturities and paydowns of securities HTM			748						19,122
Purchases of FHLB and FRB stock			(49,952)						(16,291)
Redemptions of FHLB and FRB stock			34,703						4,727
Proceeds from sales of foreclosed assets			2,931						10,989
Purchases of premises and equipment			(11,532)						(2,979)
Proceeds from sales of premises and equipment			28						—
Proceeds from BOLI death benefit			7,957						1,256
Net (increase) decrease in equipment leased to others under operating leases			(46,201)						6,125
Net cash used in investing activities			(668,333)						(592,756)
Cash flows from financing activities:
Net decrease in noninterest-bearing deposits			(132,020)						(116,165)
Net increase in interest-bearing deposits			548,972						109,021
Repayments of borrowings			(894,905)						(176,967)
Proceeds from borrowings			1,239,815						790,000
Redemption of subordinated debt			(385,000)						—
Common shares repurchased under Stock Repurchase Program			(32,171)						(187,727)
Common shares purchased under Dividend Reinvestment Plan			—						214
Exercise of options			—						77
Restricted stock surrendered			(6,487)						(3,617)
Preferred stock dividends paid			(29,841)						(29,841)
Common stock dividends paid			(56,735)						(49,703)
Net cash provided by financing activities			251,628						335,292
Net decrease in cash, cash equivalents, and restricted cash			(139,258)						(103,947)
Cash, cash equivalents, and restricted cash, beginning of period			2,307,965						2,502,212
Cash, cash equivalents, and restricted cash, end of period			$	2,168,707					$	2,398,265

See Notes to Unaudited Consolidated Financial Statements.

13

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

			Nine Months Ended September 30,
			2026						2025
			(In thousands)
Supplemental disclosures of cash flow information:
Cash paid for interest			$	491,315					$	542,971
Cash paid (received) for income taxes			24,574						(8,062)
Loans HFI and HFS transferred to foreclosed assets			7,558						6,725
Transfers from loans HFI to loans HFS			866,876						448,107
Transfers from securities HTM to securities AFS			2,317,572						—

See Notes to Unaudited Consolidated Financial Statements.

14

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

NOTE 1.  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES    

Banc of California, Inc., a Maryland corporation, was incorporated in March 2002 and serves as the holding company for its wholly owned subsidiary, Banc of California (the “Bank”), a California state-chartered bank and a member of the FRB. When we refer to the “holding company," we are referring to Banc of California, Inc., the parent company, on a stand-alone basis. When we refer to “we,” “us,” “our,” or the “Company,” we are referring to Banc of California, Inc. and its consolidated subsidiaries including the Bank, collectively. As a bank holding company, Banc of California, Inc. is subject to ongoing and comprehensive supervision, regulation, examination, and enforcement by the FRB. As a California state-chartered bank and a member of the FRB, the Bank is subject to ongoing and comprehensive supervision, regulation, examination, and enforcement by the DFPI and the FRB. The Bank is also a member of the FHLB system, and its deposit accounts are insured by the Deposit Insurance Fund of the FDIC.

Banc of California is one of the nation's premier relationship-based business banks, providing banking and treasury management services to small, middle-market, and venture-backed businesses. The Bank offers a broad range of loan and deposit products and services through full-service branches located throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The Bank also provides full-service payment processing solutions to its clients and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The Bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more.

We generate our revenue primarily from interest received on loans and leases and, to a lesser extent, from interest received on investment securities, and fees received in connection with deposit services, extending credit and other services offered, including treasury management services. Our major operating expenses are interest paid by the Bank on deposits and borrowings, compensation expense, customer related expense, occupancy expense, insurance and assessments expense, information technology and data processing expense, and general operating expenses.

Significant Accounting Policies

Our accounting policies are described in "Note 1. Nature of Operations and Summary of Significant Accounting Policies" of our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2025 as filed with the SEC ("Form 10-K").

Recently Issued Accounting Standards Not Yet Adopted

In November 2024, the FASB issued ASU 2024-03, "Disaggregation of Income Statement Expenses," requiring additional disclosure of income statement expenses, including categories like employee compensation, depreciation, and intangible asset amortization, as well as selling expenses. Companies must also qualitatively describe any remaining amounts not separately disclosed. In January 2025, the FASB also issued ASU 2025-01, "Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures-Clarifying the Effective Date," which clarified that all public business entities must adopt the guidance in annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. The disclosures apply prospectively, but retrospective application is allowed. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures.

In September 2025, the FASB issued ASU 2025-06, "Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software." The new standard clarifies and modernizes the accounting for costs related to internal-use software under ASC 350-40. Specifically, the amendments address the accounting for software developed using iterative and agile development methods, clarify the threshold for when capitalization of software costs should begin, and require the disclosure requirements of ASC 360-10. This guidance is effective for fiscal years beginning after December 15, 2027, with early adoption permitted. Entities may apply the guidance using one of three transition methods: prospective, modified retrospective (based on the project’s status and whether costs were previously capitalized), or full retrospective application. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures.

15

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

In November 2025, the FASB issued ASU 2025-08, “Financial Instruments—Credit Losses (Topic 326): Purchased Loans,” which updates the accounting for acquired loans under the CECL model. The amendments address application challenges under previous guidance, including the perceived double-counting of credit losses at acquisition, by expanding the gross-up approach and introducing the concept of purchased seasoned loans. Under the new standard, an ACL is recorded at acquisition with a corresponding adjustment to the loan’s amortized cost basis, eliminating the requirement for a day-one provision for certain acquired loans. Loans acquired in a business combination (excluding credit cards) are automatically considered purchased seasoned loans, while other loans qualify if acquired more than 90 days after origination and the acquirer was not involved in origination. The guidance is effective for fiscal years beginning after December 15, 2026, with early adoption permitted, and is to be applied prospectively. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures.

In December 2025, the FASB issued ASU 2025‑11, “Interim Reporting (Topic 270): Narrow‑Scope Improvements,” which clarifies and consolidates interim reporting guidance under ASC 270 for entities issuing interim financial statements. In addition, the update establishes a disclosure principle requiring entities to disclose material events or changes since the end of the most recent annual reporting period. The amendment does not introduce new recognition, measurement, or disclosure requirements and is not intended to change the fundamental nature of interim reporting, but rather to enhance clarity and consistency in interim financial reporting. The guidance is effective for interim reporting periods within fiscal years beginning after December 15, 2027, with early adoption permitted. Entities may apply the guidance using either prospective or retrospective application. The Company is currently evaluating the impact of this update on its consolidated financial statements and related disclosures.

Basis of Presentation    

The accounting and reporting policies of the Company are in accordance with U.S. generally accepted accounting principles, which we may refer to as U.S. GAAP. In the opinion of management, all significant intercompany accounts and transactions have been eliminated and adjustments, consisting solely of normal recurring accruals and considered necessary for the fair presentation of financial statements, have been included.

The accompanying unaudited Consolidated Financial Statements as of September 30, 2026 and for the nine months ended September 30, 2026 and 2025 have been prepared in accordance with U.S. GAAP for interim information and Article 10 of Regulation S-X and, therefore, do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Accordingly, these statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Form 10-K.

Use of Estimates

The Company has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period to prepare these consolidated financial statements in conformity with U.S. GAAP. Actual results could differ from those estimates. Material estimates subject to change in the near term include, among other items, the ACL (the combination of the ALLL and the reserve for unfunded loan commitments) and the realization of deferred tax assets and liabilities. Estimates may be adjusted as more current information becomes available, and any adjustment may be significant.

NOTE 2. RESTRICTED CASH

The Company is required to maintain reserve balances with the FRBSF. Such reserve requirements are based on a percentage of deposit liabilities and may be satisfied by cash on hand. There were no average reserves required to be held at the FRBSF for the nine months ended September 30, 2026 and 2025. The following restricted cash balances are included in "Interest-earning deposits in financial institutions" on the consolidated balance sheets. As of September 30, 2026 and December 31, 2025, we pledged cash collateral for our derivative contracts of $23.7 million and $15.1 million, respectively. In connection with the issuance of the credit-linked notes on September 29, 2022, the Company maintains a correspondent bank account at a third-party financial institution that serves as the collateral account. The repayment of principal on the credit-linked notes is secured by this collateral account, which had a balance of $111.8 million at September 30, 2026 and $115.3 million at December 31, 2025. We pledged cash to secure standby letters of credit that we have issued on behalf of our customers. As of September 30, 2026 and December 31, 2025, the balance of such restricted cash totaled $39.8 million.

16

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

NOTE 3.  INVESTMENT SECURITIES     

Securities Available-for-Sale

The following tables present amortized cost, gross unrealized gains and losses, and fair values of AFS securities as of the dates indicated:

			September 30, 2026
									Allowance												Gross						Gross
			Amortized						for Credit						Net Carrying						Unrealized						Unrealized						Fair
Security Type			Cost						Losses						Amount						Gains						Losses						Value
			(In thousands)
Agency residential MBS			$	906,023					$	—					$	906,023					$	—					$	(187,668)					$	718,355
U.S. Treasury securities			223,629						—						223,629						—						(4,120)						219,509
Agency commercial MBS			354,715						—						354,715						—						(11,102)						343,613
Agency residential CMOs			3,179,332						—						3,179,332						362						(111,875)						3,067,819
Corporate debt securities			209,658						(3,250)						206,408						—						(12,562)						193,846
Private label residential CMOs			435,375						—						435,375						—						(41,610)						393,765
Collateralized loan obligations			107,898						—						107,898						31						(1)						107,928
Private label commercial MBS			7,266						—						7,266						—						(444)						6,822
Asset-backed securities			11,568						—						11,568						65						—						11,633
SBA securities			2,791						—						2,791						—						(242)						2,549
Total (1)			$	5,438,255					$	(3,250)					$	5,435,005					$	458					$	(369,624)					$	5,065,839

_________________________

(1)    Excludes accrued interest receivable of $22.9 million at September 30, 2026 which is recorded in "Other assets" on the consolidated balance sheets.

			December 31, 2025
									Allowance												Gross						Gross
			Amortized						for Credit						Net Carrying						Unrealized						Unrealized						Fair
Security Type			Cost						Losses						Amount						Gains						Losses						Value
			(In thousands)
Agency residential MBS			$	972,161					$	—					$	972,161					$	—					$	(138,076)					$	834,085
Agency commercial MBS			52,022						—						52,022						44						(1,100)						50,966
Agency residential CMOs			883,067						—						883,067						3,857						(15,300)						871,624
Corporate debt securities			257,236						(775)						256,461						576						(15,441)						241,596
Private label residential CMOs			254,787						—						254,787						522						(26,334)						228,975
Collateralized loan obligations			200,519						—						200,519						303						—						200,822
Private label commercial MBS			9,746						—						9,746						—						(467)						9,279
Asset-backed securities			13,242						—						13,242						7						—						13,249
SBA securities			3,634						—						3,634						—						(172)						3,462
Total (1)			$	2,646,414					$	(775)					$	2,645,639					$	5,309					$	(196,890)					$	2,454,058

_________________________

(1)    Excludes accrued interest receivable of $11.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets.

See "Note 11. Fair Value Measurements and Fair Value of Financial Instruments" for information on fair value measurements and methodology.

As of September 30, 2026, AFS securities with a fair value of $943.1 million were pledged as collateral for deposits, letters of credit, and secured borrowing facilities.

17

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

Realized Gains and Losses on Securities Available-for-Sale

The following table presents the amortized cost of AFS securities sold with related gross realized gains, gross realized losses, and net realized (losses) gains for the periods indicated:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2026						2025						2026						2025
			(In thousands)
Amortized cost of securities sold			$	18,250					$	—					$	2,312,952					$	—
Gross realized gains			$	620					$	—					$	2,513					$	—
Gross realized losses			(340)						—						(253,533)						—
Net gain (loss) on sale of securities			280						—						(251,020)						—

Unrealized Losses on Securities Available-for-Sale

The following tables present the gross unrealized losses and fair values of AFS securities that were in unrealized loss positions as of the dates indicated:

			September 30, 2026
			Less Than 12 Months												12 Months or More												Total
									Gross												Gross												Gross
			Fair						Unrealized						Fair						Unrealized						Fair						Unrealized
Security Type			Value						Losses						Value						Losses						Value						Losses
			(In thousands)
Agency residential MBS			$	—					$	—					$	718,355					$	(187,668)					$	718,355					$	(187,668)
U.S. Treasury securities			219,509						(4,120)						—						—						219,509						(4,120)
Agency commercial MBS			307,216						(9,649)						36,397						(1,453)						343,613						(11,102)
Agency residential CMOs			2,942,281						(90,953)						78,744						(20,922)						3,021,025						(111,875)
Corporate debt securities			33,599						(5,651)						148,498						(6,911)						182,097						(12,562)
Private label residential CMOs			283,861						(6,279)						109,904						(35,331)						393,765						(41,610)
Collateralized loan obligations			17,899						(1)						—						—						17,899						(1)
Private label commercial MBS			—						—						6,822						(444)						6,822						(444)
SBA securities			—						—						2,549						(242)						2,549						(242)
Total			$	3,804,365					$	(116,653)					$	1,101,269					$	(252,971)					$	4,905,634					$	(369,624)

			December 31, 2025
			Less Than 12 Months												12 Months or More												Total
									Gross												Gross												Gross
			Fair						Unrealized						Fair						Unrealized						Fair						Unrealized
Security Type			Value						Losses						Value						Losses						Value						Losses
			(In thousands)
Agency residential MBS			$	—					$	—					$	834,085					$	(138,076)					$	834,085					$	(138,076)
Agency commercial MBS			4,994						(6)						32,006						(1,094)						37,000						(1,100)
Agency residential CMOs			70,270						(117)						101,501						(15,183)						171,771						(15,300)
Corporate debt securities			—						—						188,545						(15,441)						188,545						(15,441)
Private label residential CMOs			19,672						(8)						127,020						(26,326)						146,692						(26,334)
Private label commercial MBS			—						—						9,279						(467)						9,279						(467)
SBA securities			—						—						3,462						(172)						3,462						(172)
Total			$	94,936					$	(131)					$	1,295,898					$	(196,759)					$	1,390,834					$	(196,890)

At September 30, 2026, the Company evaluated all securities in an unrealized loss position to determine whether any portion of the unrealized losses were attributable to credit related factors. As a result of this assessment, an ACL of $3.3 million was recorded on one corporate debt security classified as AFS.

18

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

As of September 30, 2026, two securities that were transferred to AFS as part of the securities repositioning remained unsold. Given the Company's intent to sell these securities, unrealized losses of $5.0 million were recorded in loss on securities AFS.

For all other securities in unrealized loss positions, the loss was attributable to changes in market interest rates and other market conditions, rather than credit deterioration of the underlying issuers. In making this determination, we considered several factors, including credit ratings and financial condition of the issuers, the seniority of the tranches, and any U.S. government agency guarantees. For these remaining securities in an unrealized loss position, the Company does not intend to sell them, and it is not more likely than not that the Company will be required to sell them before recovery of their amortized cost basis. Except for the credit losses and two positions recognized at fair value, the remaining unrealized losses continue to be recorded in accumulated other comprehensive loss within stockholders' equity.

Contractual Maturities of Securities Available-for-Sale

The following tables present the contractual maturities of our AFS securities portfolio based on amortized cost and fair value as of the dates indicated:

			September 30, 2026
			Due Within						Due after One Year						Due After Five Years						Due After
Security Type			One Year						Through Five Years						Through Ten Years						Ten Years						Total
			(In thousands)
Amortized Cost:
Agency residential MBS			$	—					$	—					$	—					$	906,023					$	906,023
U.S. Treasury securities			—						223,629						—						—						223,629
Agency commercial MBS			—						40,230						—						314,485						354,715
Agency residential CMOs			—						—						12,658						3,166,674						3,179,332
Corporate debt securities			—						127,015						82,643						—						209,658
Private label residential CMOs			—						—						—						435,375						435,375
Collateralized loan obligations			—						16,466						52,632						38,800						107,898
Private label commercial MBS			—						—						4,585						2,681						7,266
Asset-backed securities			—						—						—						11,568						11,568
SBA securities			—						—						2,791						—						2,791
Total amortized cost			$	—					$	407,340					$	155,309					$	4,875,606					$	5,438,255
Fair Value:
Agency residential MBS			$	—					$	—					$	—					$	718,355					$	718,355
U.S. Treasury securities			—						219,509						—						—						219,509
Agency commercial MBS			—						39,982						—						303,631						343,613
Agency residential CMOs			—						—						12,779						3,055,040						3,067,819
Corporate debt securities			—						120,421						73,425						—						193,846
Private label residential CMOs			—						—						—						393,765						393,765
Collateralized loan obligations			—						16,466						52,649						38,813						107,928
Private label commercial MBS			—						—						4,249						2,573						6,822
Asset-backed securities			—						—						—						11,633						11,633
SBA securities			—						—						2,549						—						2,549
Total fair value			$	—					$	396,378					$	145,651					$	4,523,810					$	5,065,839

CMBS, CMOs, and MBS have contractual maturity dates, but require periodic payments based upon scheduled amortization terms. Actual principal collections on these securities usually occur more rapidly than the scheduled amortization terms because of prepayments made by obligors of the underlying loan collateral.

19

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

Securities Held-to-Maturity

As a result of the second quarter securities repositioning, the Company did not hold any securities classified as HTM as of September 30, 2026. The amortized cost, ACL, gross unrealized gains and losses, and fair values of HTM securities as of December 31, 2025 are as follows:

			December 31, 2025
			Amortized						Allowance for						Net Carrying						Gross Unrealized						Gross Unrealized						Fair
Security Type			Cost						Credit Losses						Amount						Gains						Losses						Value
			(In thousands)
Municipal securities			$	1,237,792					$	(20)					$	1,237,772					$	2,052					$	(20,713)					$	1,219,111
Agency commercial MBS			447,283						—						447,283						—						(19,645)						427,638
Private label commercial MBS			360,382						—						360,382						—						(9,606)						350,776
U.S. Treasury securities			193,022						—						193,022						—						(7,934)						185,088
Corporate debt securities			70,852						(675)						70,177						—						(6,264)						63,913
Total (1)			$	2,309,331					$	(695)					$	2,308,636					$	2,052					$	(64,162)					$	2,246,526

__________________________

(1)    Excludes accrued interest receivable of $13.4 million at December 31, 2025 which is recorded in "Other assets" on the consolidated balance sheets.

Allowance for Credit Losses on Securities Held-to-Maturity

The ACL on HTM securities represents CECL that may be incurred over the life of the investment. Accrued interest receivable on HTM securities, which is included in "Other assets" on the consolidated balance sheets, is excluded from the estimate of expected credit losses. As of December 31, 2025, the Company recorded an ACL on HTM securities of $0.7 million.

Securities Held-to-Maturity by Credit Quality Indicator

The Company uses Standard & Poor's, Moody's, Fitch, Kroll, and Egan Jones ratings as the credit quality indicators for its HTM securities. The following tables present our HTM securities portfolio by the lowest available credit rating as of December 31, 2025:

			December 31, 2025
Security Type			AAA						AA+						AA						AA-																								BBB						NR						Total
			(In thousands)
Amortized Cost:
Municipal securities			$	567,140					$	363,823					$	220,823					$	84,302																							$	1,704					$	—					$	1,237,792
Agency commercial MBS			—						447,283						—						—																								—						—						447,283
Private label commercial MBS			360,382						—						—						—																								—						—						360,382
U.S. Treasury securities			—						193,022						—						—																								—						—						193,022
Corporate debt securities			—						—						—						—																								44,646						26,206						70,852
Total			$	927,522					$	1,004,128					$	220,823					$	84,302																							$	46,350					$	26,206					$	2,309,331

Interest Income on Investment Securities

The following table presents the composition of our interest income on investment securities for the periods indicated:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2026						2025						2026						2025
			(In thousands)
Taxable interest			$	54,448					$	31,608					$	124,274					$	93,821
Non-taxable interest			—						4,400						7,890						13,464
Dividend income			5,677						2,283						12,241						6,484
Total interest income on investment securities			$	60,125					$	38,291					$	144,405					$	113,769

20

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

NOTE 4.  LOANS AND LEASES

Our loans HFI are carried at the principal amount outstanding, net of deferred fees and costs, and in the case of acquired and purchased loans, net of purchase discounts and premiums. Deferred fees and costs and purchase discounts and premiums on acquired loans are recognized as an adjustment to interest income over the contractual life of the loans primarily using the effective interest method or taken into income when the related loans are paid off or included in the carrying amount of loans that are sold.

Loans and Leases Held for Investment

The following table summarizes the composition of our loans and leases HFI as of the dates indicated:

			September 30, 2026						December 31, 2025
			(In thousands)
Real estate mortgage			$	13,522,084					$	13,846,097
Real estate construction and land (1)			1,483,000						1,959,591
Commercial			9,317,798						8,994,466
Consumer			332,610						355,333
Total gross loans and leases HFI			24,655,492						25,155,487
Unearned discounts, net (2)			(32,680)						(86,061)
Deferred fees, net			(32,289)						(36,747)
Total loans and leases HFI			24,590,523						25,032,679
Allowance for loan and lease losses			(234,428)						(245,612)
Total loans and leases HFI, net (3)			$	24,356,095					$	24,787,067

____________________

(1)    Includes land and acquisition and development loans of $182.4 million and $214.5 million at September 30, 2026 and December 31, 2025.

(2)    Represents net acquisition discounts of $114.1 million and net purchase premiums of $81.4 million at September 30, 2026, and net acquisition discounts of $158.5 million and net purchase premiums of $72.4 million at December 31, 2025.

(3)    Excludes accrued interest receivable of $102.1 million and $104.3 million at September 30, 2026 and December 31, 2025, respectively, which is recorded in "Other assets" on the consolidated balance sheets.

The following tables present an aging analysis of our loans and leases HFI by loan portfolio segment and class as of the dates indicated:

			September 30, 2026
			30-89 Days						90 or More Days						Total
			Past Due						Past Due						Past Due						Current						Total
			(In thousands)
Real estate mortgage:
Commercial			$	7,101					$	16,564					$	23,665					$	3,975,018					$	3,998,683
Multi-family			—						6,755						6,755						5,370,130						5,376,885
Other residential			33,859						43,376						77,235						4,023,481						4,100,716
Total real estate mortgage			40,960						66,695						107,655						13,368,629						13,476,284
Real estate construction and land:
Commercial			—						—						—						358,696						358,696
Residential			—						2,385						2,385						1,113,690						1,116,075
Total real estate construction and land			—						2,385						2,385						1,472,386						1,474,771
Commercial:
Asset-based			54						—						54						3,392,946						3,393,000
Venture capital			—						—						—						2,369,551						2,369,551
Other commercial			1,733						146						1,879						3,539,631						3,541,510
Total commercial			1,787						146						1,933						9,302,128						9,304,061
Consumer			2,349						478						2,827						332,580						335,407
Total			$	45,096					$	69,704					$	114,800					$	24,475,723					$	24,590,523

21

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

			December 31, 2025
			30-89 Days						90 or More Days						Total
			Past Due						Past Due						Past Due						Current						Total
			(In thousands)
Real estate mortgage:
Commercial			$	10,498					$	46,506					$	57,004					$	4,257,633					$	4,314,637
Multi-family			32,887						2,536						35,423						6,053,994						6,089,417
Other residential			34,319						42,780						77,099						3,269,634						3,346,733
Total real estate mortgage			77,704						91,822						169,526						13,581,261						13,750,787
Real estate construction and land:
Commercial			—						—						—						379,387						379,387
Residential			26,540						—						26,540						1,541,700						1,568,240
Total real estate construction and land			26,540						—						26,540						1,921,087						1,947,627
Commercial:
Asset-based			1,142						—						1,142						2,949,868						2,951,010
Venture capital			—						—						—						2,222,097						2,222,097
Other commercial			984						104						1,088						3,803,011						3,804,099
Total commercial			2,126						104						2,230						8,974,976						8,977,206
Consumer			1,933						729						2,662						354,397						357,059
Total			$	108,303					$	92,655					$	200,958					$	24,831,721					$	25,032,679

Our policy is to discontinue accruing interest when principal or interest payments are past due 90 days or more, unless the loan is both well secured and in the process of collection, or when collectability is otherwise in doubt in the normal course of business. Interest income on nonaccrual loans is recognized only as cash is received and when the loan's principal balance is deemed collectible.

The following table presents our nonaccrual and performing loans and leases HFI by loan portfolio segment and class as of the dates indicated:

			September 30, 2026																		December 31, 2025
			Nonaccrual						Performing						Total						Nonaccrual						Performing						Total
			(In thousands)
Real estate mortgage:
Commercial			$	88,083					$	3,910,600					$	3,998,683					$	93,334					$	4,221,303					$	4,314,637
Multi-family			6,755						5,370,130						5,376,885						3,358						6,086,059						6,089,417
Other residential			62,613						4,038,103						4,100,716						57,984						3,288,749						3,346,733
Total real estate mortgage			157,451						13,318,833						13,476,284						154,676						13,596,111						13,750,787
Real estate construction and land:
Commercial			—						358,696						358,696						—						379,387						379,387
Residential			2,385						1,113,690						1,116,075						—						1,568,240						1,568,240
Total real estate construction and land			2,385						1,472,386						1,474,771						—						1,947,627						1,947,627
Commercial:
Asset-based			—						3,393,000						3,393,000						—						2,951,010						2,951,010
Venture capital			14,398						2,355,153						2,369,551						625						2,221,472						2,222,097
Other commercial			1,961						3,539,549						3,541,510						2,510						3,801,589						3,804,099
Total commercial			16,359						9,287,702						9,304,061						3,135						8,974,071						8,977,206
Consumer			1,038						334,369						335,407						1,357						355,702						357,059
Total			$	177,233					$	24,413,290					$	24,590,523					$	159,168					$	24,873,511					$	25,032,679

22

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

At September 30, 2026, nonaccrual loans and leases included $69.7 million of loans and leases 90 or more days past due, $18.6 million of loans 30 to 89 days past due, and $88.9 million of current loans that were placed on nonaccrual status based on management’s judgment regarding their collectability. At December 31, 2025, nonaccrual loans and leases included $92.7 million of loans and leases 90 or more days past due, $15.3 million of loans 30 to 89 days past due, and $51.2 million of current loans that were placed on nonaccrual status based on management’s judgment regarding their collectability. As of September 30, 2026, three of our largest loan relationships on nonaccrual status had an aggregate carrying value of $54.8 million and represented 30.9% of total nonaccrual loans and leases.

The following tables present the credit risk rating categories for loans and leases HFI by loan portfolio segment and class as of the dates indicated. Classified loans and leases are those with a credit risk rating of either substandard or doubtful.

			September 30, 2026
			Classified						Special Mention						Pass						Total
			(In thousands)
Real estate mortgage:
Commercial			$	202,087					$	101,960					$	3,694,636					$	3,998,683
Multi-family			148,748						83,573						5,144,564						5,376,885
Other residential			62,613						—						4,038,103						4,100,716
Total real estate mortgage			413,448						185,533						12,877,303						13,476,284
Real estate construction and land:
Commercial			—						—						358,696						358,696
Residential			2,385						48,565						1,065,125						1,116,075
Total real estate construction and land			2,385						48,565						1,423,821						1,474,771
Commercial:
Asset-based			5,155						7,227						3,380,618						3,393,000
Venture capital			75,950						85,196						2,208,405						2,369,551
Other commercial			9,392						22,008						3,510,110						3,541,510
Total commercial			90,497						114,431						9,099,133						9,304,061
Consumer			1,038						3,615						330,754						335,407
Total			$	507,368					$	352,144					$	23,731,011					$	24,590,523

			December 31, 2025
			Classified						Special Mention						Pass						Total
			(In thousands)
Real estate mortgage:
Commercial			$	297,606					$	126,998					$	3,890,033					$	4,314,637
Multi-family			166,385						216,286						5,706,746						6,089,417
Other residential			58,202						—						3,288,531						3,346,733
Total real estate mortgage			522,193						343,284						12,885,310						13,750,787
Real estate construction and land:
Commercial			52,828						—						326,559						379,387
Residential			2,982						10,714						1,554,544						1,568,240
Total real estate construction and land			55,810						10,714						1,881,103						1,947,627
Commercial:
Asset-based			36,732						7,180						2,907,098						2,951,010
Venture capital			171,847						64,577						1,985,673						2,222,097
Other commercial			12,143						27,689						3,764,267						3,804,099
Total commercial			220,722						99,446						8,657,038						8,977,206
Consumer			1,605						5,239						350,215						357,059
Total			$	800,330					$	458,683					$	23,773,666					$	25,032,679

23

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

The following table presents our nonaccrual loans and leases by loan portfolio segment and class and by with and without an allowance recorded as of the date indicated and interest income recognized on nonaccrual loans and leases for the periods indicated:                

			At						Three Months Ended						Nine Months Ended						At						Three Months Ended						Nine Months Ended
			September 30, 2026																		September 30, 2025
			Nonaccrual						Interest						Interest						Nonaccrual						Interest						Interest
			Recorded						Income						Income						Recorded						Income						Income
			Investment						Recognized						Recognized						Investment						Recognized						Recognized
			(In thousands)
With An Allowance Recorded:
Real estate mortgage:
Commercial			$	178					$	—					$	—					$	132					$	—					$	—
Other residential			114						—						—						—						—						—
Commercial:
Asset-based			—						—						—						103						—						—
Other commercial			1,634						—						—						1,696						—						—
Consumer			1,038						—						—						621						—						—
With No Related Allowance Recorded:
Real estate mortgage:
Commercial			87,905						12						18						98,971						3						9
Multi-family			6,755						—						—						841						—						—
Other residential			62,499						—						—						66,866						—						—
Real estate construction and land:
Residential			2,385						—						—						—						—						—
Commercial:
Venture capital			14,398						—						6						—						—						—
Other commercial			327						6						18						4,980						—						—
Consumer			—						—						—						331						—						—
Total Loans and Leases With and
Without an Allowance Recorded:
Real estate mortgage			157,451						12						18						166,810						3						9
Real estate construction and land			2,385						—						—						—						—						—
Commercial			16,359						6						24						6,779						—						—
Consumer			1,038						—						—						952						—						—
Total			$	177,233					$	18					$	42					$	174,541					$	3					$	9

24

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

The following tables present our loans HFI by loan portfolio segment and class, by credit quality indicator (internal risk ratings), and by year of origination (vintage year) as of the dates indicated:

																																													Revolving
																																													Converted
Amortized Cost Basis			Term Loans by Origination Year																																				Revolving						to Term
September 30, 2026			2026						2025						2024						2023						2022						Prior						Loans						Loans						Total
			(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass			$	2,050					$	18,444					$	3,653					$	3,353					$	13,825					$	59,519					$	—					$	—					$	100,844
3-4.5 Pass			312,084						428,968						152,019						88,350						759,979						1,809,116						38,030						5,246						3,593,792
5 Special mention			—						—						5,143						360						19,101						54,295						—						23,061						101,960
6-8 Classified			—						3,856						14,038						3,434						75,980						104,779						—						—						202,087
Total			$	314,134					$	451,268					$	174,853					$	95,497					$	868,885					$	2,027,709					$	38,030					$	28,307					$	3,998,683
Current YTD period:
Gross charge-offs			$	—					$	—					$	464					$	—					$	11,110					$	13,597					$	—					$	—					$	25,171
Real Estate Mortgage:
Multi-family
Internal risk rating:
1-2 High pass			$	—					$	—					$	2,328					$	2,195					$	64,628					$	315,909					$	—					$	—					$	385,060
3-4.5 Pass			228,214						419,732						105,877						52,081						1,775,772						2,172,515						3,006						2,307						4,759,504
5 Special mention			—						—						—						3,773						25,429						54,371						—						—						83,573
6-8 Classified			—						10,353						20,000						1,609						83,725						33,061						—						—						148,748
Total			$	228,214					$	430,085					$	128,205					$	59,658					$	1,949,554					$	2,575,856					$	3,006					$	2,307					$	5,376,885
Current YTD period:
Gross charge-offs			$	—					$	—					$	—					$	—					$	51,970					$	18,031					$	—					$	—					$	70,001
Real Estate Mortgage:
Other residential
Internal risk rating:
1-2 High pass			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
3-4.5 Pass			732,782						880,417						43,776						22,461						256,799						1,993,482						108,386						—						4,038,103
5 Special mention			—						—						—						—						—						—						—						—						—
6-8 Classified			—						16,038						3,292						109						12,359						29,117						1,698						—						62,613
Total			$	732,782					$	896,455					$	47,068					$	22,570					$	269,158					$	2,022,599					$	110,084					$	—					$	4,100,716
Current YTD period:
Gross charge-offs			$	—					$	44					$	—					$	5					$	1,118					$	13					$	—					$	—					$	1,180

25

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

																																													Revolving
																																													Converted
Amortized Cost Basis (1)			Term Loans by Origination Year																																				Revolving						to Term
September 30, 2026			2026						2025						2024						2023						2022						Prior						Loans						Loans						Total
			(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-2 High pass			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
3-4.5 Pass			44,627						240,673						31,430						36,713						1,630						3,623						—						—						358,696
5 Special mention			—						—						—						—						—						—						—						—						—
6-8 Classified			—						—						—						—						—						—						—						—						—
Total			$	44,627					$	240,673					$	31,430					$	36,713					$	1,630					$	3,623					$	—					$	—					$	358,696
Current YTD period:
Gross charge-offs			$	—					$	—					$	—					$	—					$	8,077					$	—					$	—					$	—					$	8,077
Real Estate Construction
and Land: Residential
Internal risk rating:
1-2 High pass			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
3-4.5 Pass			58,962						206,891						222,453						117,974						288,602						61,589						107,750						904						1,065,125
5 Special mention			—						21,902						—						—						22,627						4,036						—						—						48,565
6-8 Classified			—						—						—						—						—						2,385						—						—						2,385
Total			$	58,962					$	228,793					$	222,453					$	117,974					$	311,229					$	68,010					$	107,750					$	904					$	1,116,075
Current YTD period:
Gross charge-offs			$	—					$	8,191					$	953					$	—					$	44,298					$	14,089					$	—					$	—					$	67,531
Commercial: Asset-Based
Internal risk rating:
1-2 High pass			$	24,462					$	39,273					$	21,545					$	16,884					$	110,348					$	211,094					$	46,042					$	—					$	469,648
3-4.5 Pass			221,610						228,451						11,654						69,444						120,720						95,914						2,163,177						—						2,910,970
5 Special mention			—						—						—						—						—						548						6,679						—						7,227
6-8 Classified			—						5,155						—						—						—						—						—						—						5,155
Total			$	246,072					$	272,879					$	33,199					$	86,328					$	231,068					$	307,556					$	2,215,898					$	—					$	3,393,000
Current YTD period:
Gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Commercial: Venture Capital
Internal risk rating:
1-2 High pass			$	(125)					$	(145)					$	(84)					$	(40)					$	—					$	—					$	162,334					$	22,269					$	184,209
3-4.5 Pass			151,911						125,321						96,511						27,689						10,073						42,529						1,464,130						106,032						2,024,196
5 Special mention			—						28,943						9,391						14,376						3,344						5,992						23,150						—						85,196
6-8 Classified			—						—						14,162						23,676						13,628						10,085						1						14,398						75,950
Total			$	151,786					$	154,119					$	119,980					$	65,701					$	27,045					$	58,606					$	1,649,615					$	142,699					$	2,369,551
Current YTD period:
Gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	14,400					$	14,400

____________________

(1)    Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.

26

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

																																													Revolving
																																													Converted
Amortized Cost Basis			Term Loans by Origination Year																																				Revolving						to Term
September 30, 2026			2026						2025						2024						2023						2022						Prior						Loans						Loans						Total
			(In thousands)
Commercial: Other Commercial
Internal risk rating:
1-2 High pass			$	1,240					$	2,885					$	788					$	58					$	19,188					$	13					$	10,776					$	43					$	34,991
3-4.5 Pass			169,197						226,508						37,899						48,305						42,353						273,196						2,651,298						26,363						3,475,119
5 Special mention			—						851						—						5,850						—						1,407						13,896						4						22,008
6-8 Classified			—						—						—						—						2,632						2,121						690						3,949						9,392
Total			$	170,437					$	230,244					$	38,687					$	54,213					$	64,173					$	276,737					$	2,676,660					$	30,359					$	3,541,510
Current YTD period:
Gross charge-offs			$	—					$	—					$	—					$	—					$	215					$	5,297					$	1,700					$	483					$	7,695
Consumer
Internal risk rating:
1-2 High pass			$	2					$	49					$	—					$	—					$	9					$	1					$	311					$	—					$	372
3-4.5 Pass			35,058						21,704						16,620						9,918						44,229						196,964						5,849						40						330,382
5 Special mention			—						—						—						—						731						2,884						—						—						3,615
6-8 Classified			—						—						—						—						206						594						—						238						1,038
Total			$	35,060					$	21,753					$	16,620					$	9,918					$	45,175					$	200,443					$	6,160					$	278					$	335,407
Current YTD period:
Gross charge-offs			$	—					$	—					$	—					$	—					$	421					$	2,392					$	—					$	—					$	2,813
Total Loans and Leases
Internal risk rating:
1-2 High pass			$	27,629					$	60,506					$	28,230					$	22,450					$	207,998					$	586,536					$	219,463					$	22,312					$	1,175,124
3-4.5 Pass			1,954,445						2,778,665						718,239						472,935						3,300,157						6,648,928						6,541,626						140,892						22,555,887
5 Special mention			—						51,696						14,534						24,359						71,232						123,533						43,725						23,065						352,144
6-8 Classified			—						35,402						51,492						28,828						188,530						182,142						2,389						18,585						507,368
Total			$	1,982,074					$	2,926,269					$	812,495					$	548,572					$	3,767,917					$	7,541,139					$	6,807,203					$	204,854					$	24,590,523
Current YTD period:
Gross charge-offs			$	—					$	8,235					$	1,417					$	5					$	117,209					$	53,419					$	1,700					$	14,883					$	196,868

27

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

																																													Revolving
																																													Converted
Amortized Cost Basis			Term Loans by Origination Year																																				Revolving						to Term
December 31, 2025			2025						2024						2023						2022						2021						Prior						Loans						Loans						Total
			(In thousands)
Real Estate Mortgage:
Commercial
Internal risk rating:
1-2 High pass			$	14,708					$	3,470					$	2,787					$	23,377					$	33,027					$	77,427					$	—					$	—					$	154,796
3-4.5 Pass			430,807						181,597						121,685						781,194						608,067						1,544,708						61,764						5,415						3,735,237
5 Special mention			—						—						—						23,072						43,724						37,155						—						23,047						126,998
6-8 Classified			—						23,880						27,514						57,759						53,699						134,754						—						—						297,606
Total			$	445,515					$	208,947					$	151,986					$	885,402					$	738,517					$	1,794,044					$	61,764					$	28,462					$	4,314,637
Current YTD period:
Gross charge-offs			$	—					$	—					$	51					$	2,416					$	613					$	16,650					$	—					$	—					$	19,730
Real Estate Mortgage:
Multi-family
Internal risk rating:
1-2 High pass			$	—					$	—					$	—					$	53,190					$	175,257					$	155,222					$	—					$	—					$	383,669
3-4.5 Pass			429,017						131,377						54,475						2,126,937						1,120,759						1,459,061						1,451						—						5,323,077
5 Special mention			10,472						28,948						5,412						97,980						28,727						44,747						—						—						216,286
6-8 Classified			—						19,989						—						64,972						28,372						53,052						—						—						166,385
Total			$	439,489					$	180,314					$	59,887					$	2,343,079					$	1,353,115					$	1,712,082					$	1,451					$	—					$	6,089,417
Current YTD period:
Gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	3,275					$	—					$	—					$	3,275
Real Estate Mortgage:
Other residential
Internal risk rating:
1-2 High pass			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
3-4.5 Pass			752,817						40,271						22,332						263,745						2,015,936						91,935						101,495						—						3,288,531
5 Special mention			—						—						—						—						—						—						—						—						—
6-8 Classified			1,122						—						543						28,599						26,712						228						998						—						58,202
Total			$	753,939					$	40,271					$	22,875					$	292,344					$	2,042,648					$	92,163					$	102,493					$	—					$	3,346,733
Current YTD period:
Gross charge-offs			$	—					$	—					$	145					$	2,624					$	733					$	—					$	—					$	—					$	3,502

28

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

																																													Revolving
																																													Converted
Amortized Cost Basis (1)			Term Loans by Origination Year																																				Revolving						to Term
December 31, 2025			2025						2024						2023						2022						2021						Prior						Loans						Loans						Total
			(In thousands)
Real Estate Construction
and Land: Commercial
Internal risk rating:
1-2 High pass			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
3-4.5 Pass			123,586						51,969						64,663						44,365						40,315						1,661						—						—						326,559
5 Special mention			—						—						—						—						—						—						—						—						—
6-8 Classified			—						—						—						52,828						—						—						—						—						52,828
Total			$	123,586					$	51,969					$	64,663					$	97,193					$	40,315					$	1,661					$	—					$	—					$	379,387
Current YTD period:
Gross charge-offs			$	—					$	—					$	—					$	20,196					$	1,340					$	—					$	—					$	—					$	21,536
Real Estate Construction
and Land: Residential
Internal risk rating:
1-2 High pass			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
3-4.5 Pass			100,284						189,207						196,046						705,647						188,284						80,625						94,451						—						1,554,544
5 Special mention			—						—						—						4,308						6,406						—						—						—						10,714
6-8 Classified			—						—						—						—						2,982						—						—						—						2,982
Total			$	100,284					$	189,207					$	196,046					$	709,955					$	197,672					$	80,625					$	94,451					$	—					$	1,568,240
Current YTD period:
Gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Commercial: Asset-Based
Internal risk rating:
1-2 High pass			$	41,364					$	29,359					$	23,020					$	122,112					$	185,978					$	197,800					$	204,041					$	—					$	803,674
3-4.5 Pass			355,855						40,478						77,608						144,338						72,205						8,625						1,404,315						—						2,103,424
5 Special mention			—						—						—						—						—						—						7,180						—						7,180
6-8 Classified			5,650						—						194						5,564						—						—						25,324						—						36,732
Total			$	402,869					$	69,837					$	100,822					$	272,014					$	258,183					$	206,425					$	1,640,860					$	—					$	2,951,010
Current YTD period:
Gross charge-offs			$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—					$	—
Commercial: Venture Capital
Internal risk rating:
1-2 High pass			$	(279)					$	(75)					$	(67)					$	—					$	—					$	—					$	138,159					$	22,167					$	159,905
3-4.5 Pass			113,608						93,269						60,589						25,483						47,321						16,979						1,437,845						30,674						1,825,768
5 Special mention			19,964						(4)						21,986						—						—						—						22,044						587						64,577
6-8 Classified			625						33,631						33,431						46,535						12,484						—						45,141						—						171,847
Total			$	133,918					$	126,821					$	115,939					$	72,018					$	59,805					$	16,979					$	1,643,189					$	53,428					$	2,222,097
Current YTD period:
Gross charge-offs			$	993					$	—					$	—					$	—					$	5,257					$	—					$	—					$	—					$	6,250

____________________

(1)    Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.

29

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

																																													Revolving
																																													Converted
Amortized Cost Basis (1)			Term Loans by Origination Year																																				Revolving						to Term
December 31, 2025			2025						2024						2023						2022						2021						Prior						Loans						Loans						Total
			(In thousands)
Commercial: Other Commercial
Internal risk rating:
1-2 High pass			$	2,929					$	903					$	172					$	20,124					$	611					$	(61)					$	53,892					$	(1)					$	78,569
3-4.5 Pass			226,226						51,373						61,827						44,555						167,436						135,630						2,969,078						29,573						3,685,698
5 Special mention			—						—						9,022						5,062						779						85						12,147						594						27,689
6-8 Classified			—						2,447						—						2,918						44						1,271						4,414						1,049						12,143
Total			$	229,155					$	54,723					$	71,021					$	72,659					$	168,870					$	136,925					$	3,039,531					$	31,215					$	3,804,099
Current YTD period:
Gross charge-offs			$	—					$	—					$	1,393					$	727					$	228					$	2,039					$	11,596					$	744					$	16,727
Consumer
Internal risk rating:
1-2 High pass			$	66					$	—					$	—					$	14					$	7					$	—					$	489					$	—					$	576
3-4.5 Pass			28,736						24,251						13,618						51,008						149,047						79,026						3,809						144						349,639
5 Special mention			—						—						—						1,029						2,964						1,246						—						—						5,239
6-8 Classified			—						—						—						151						349						853						—						252						1,605
Total			$	28,802					$	24,251					$	13,618					$	52,202					$	152,367					$	81,125					$	4,298					$	396					$	357,059
Current YTD period:
Gross charge-offs			$	—					$	—					$	92					$	1,104					$	1,892					$	1,395					$	1					$	1					$	4,485
Total Loans and Leases
Internal risk rating:
1-2 High pass			$	58,788					$	33,657					$	25,912					$	218,817					$	394,880					$	430,388					$	396,581					$	22,166					$	1,581,189
3-4.5 Pass			2,560,936						803,792						672,843						4,187,272						4,409,370						3,418,250						6,074,208						65,806						22,192,477
5 Special mention			30,436						28,944						36,420						131,451						82,600						83,233						41,371						24,228						458,683
6-8 Classified			7,397						79,947						61,682						259,326						124,642						190,158						75,877						1,301						800,330
Total			$	2,657,557					$	946,340					$	796,857					$	4,796,866					$	5,011,492					$	4,122,029					$	6,588,037					$	113,501					$	25,032,679
Current YTD period:
Gross charge-offs			$	993					$	—					$	1,681					$	27,067					$	10,063					$	23,359					$	11,597					$	745					$	75,505

____________________

(1)    Amounts with negative balances are loans with zero principal balances and deferred loan origination fees.

30

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

Loan Modifications

The following table presents our loan modifications to our loans and leases HFI granted to borrowers experiencing financial difficulty by type of modification for the periods indicated with balances as of the dates indicated:

			Amortized Cost Basis at September 30, 2026
																																																															% of
			Term						Payment																																																						Total
			Extension						Delay																																																Total						Loans
Three Months Ended			(Dollars in thousands)
Real estate mortgage:
Commercial			$	29,178					$	3,856																																															$	33,034					0.8		%
Multi-family			33,725						—																																																33,725						0.6		%
Commercial:
Venture capital			—						14,162																																																14,162						0.6		%
Other commercial			2,880						—																																																2,880						0.1		%
Total			$	65,783					$	18,018																																															$	83,801

			Amortized Cost Basis at September 30, 2026
																											Term Extension												Payment Delay,						Term Extension,																		% of
			Term						Payment						Interest Rate												and Interest												and Interest						Interest Rate Reduction,																		Total
			Extension						Delay						Reduction												Rate Reduction												Rate Reduction						and Forgiveness												Total						Loans
Nine Months Ended			(Dollars in thousands)
Real estate mortgage:
Commercial			$	29,985					$	7,181					$	—											$	—											$	982					$	44,160											$	82,308					2.1		%
Multi-family			137,450						—						—												—												—						—												137,450						2.6		%
Commercial:
Venture capital			14,990						14,162						—												—												—						14,398												43,550						1.8		%
Other commercial			5,311						—						22												50												—						—												5,383						0.2		%
Total			$	187,736					$	21,343					$	22											$	50											$	982					$	58,558											$	268,691

			Amortized Cost Basis at September 30, 2025
																																																															% of
			Term						Payment						Interest Rate																																																Total
			Extension						Delay						Reduction																																										Total						Loans
Three Months Ended			(Dollars in thousands)
Real estate mortgage:
Commercial			$	115,256					$	—					$	3,349																																									$	118,605					2.8		%
Multi-family			67,446						—						—																																										67,446						1.1		%
Other residential			1,445						—						—																																										1,445						—
Real estate construction and land:
Residential			2,985						—						—																																										2,985						0.2		%
Commercial:
Asset-based			37,977						—						—																																										37,977						1.4		%
Venture capital			38,599						14,893						—																																										53,492						2.8		%
Other commercial			179						—						—																																										179						—
Total			$	263,887					$	14,893					$	3,349																																									$	282,129

31

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

			Amortized Cost Basis at September 30, 2025
																											Term Extension						Term Extension																		Term Extension,												% of
			Term						Payment						Interest Rate												and Interest						and																		Interest Rate Reduction,												Total
			Extension						Delay						Reduction												Rate Reduction						Forgiveness																		and Payment Delay						Total						Loans
Nine Months Ended			(Dollars in thousands)
Real estate mortgage:
Commercial			$	115,256					$	3,582					$	5,933											$	—					$	—																	$	—					$	124,771					2.9		%
Multi-family			67,446						—						—												—						—																		—						67,446						1.1		%
Other residential			2,417						2,197						—												—						—																		—						4,614						0.1		%
Real estate construction and land:
Residential			2,985						—						—												—						—																		—						2,985						0.2		%
Commercial:
Asset-based			62,510						—						—												—						—																		—						62,510						2.3		%
Venture capital			45,995						14,893						—												—						—																		—						60,888						3.2		%
Other commercial			4,358						—						—												532						4																		136						5,030						0.1		%
Consumer			5						—						—												—						—																		—						5						—
Total			$	300,972					$	20,672					$	5,933											$	532					$	4																	$	136					$	328,249

The following tables present the financial effect of our loan modifications made to borrowers experiencing financial difficulty by type of modification for the periods indicated:

			Weighted Average for the Three Months Ended September 30, 2026
			Term Extension						Payment Delay
			(in months)						(in months)
Real estate mortgage:
Commercial			8						3
Multi-family			3						—
Commercial:
Venture capital			—						4
Other commercial			23						—

			Weighted Average for the Nine Months Ended September 30, 2026
															Interest												Term Extension and												Payment Delay and
			Term Extension						Payment Delay						Rate Reduction												Interest Rate Reduction												Interest Rate Reduction
			(in months)						(in months)						(in % points)												(in months)						(in % points)						(in months)						(in % points)
Real estate mortgage:
Commercial			8						4						—												—						—						3						1.7		%
Multi-family			31						—						—												—						—						—						—
Commercial:
Venture capital			30						4						—												—						—						—						—
Other commercial			17						—						4.0		%										15						3.5		%				—						—

32

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

			Weighted Average for the Three Months Ended September 30, 2025
															Interest
			Term Extension						Payment Delay						Rate Reduction
			(in months)						(in months)						(in % points)
Real estate mortgage:
Commercial			16						—						3.2		%
Multi-family			12						—						—
Other residential			9						—						—
Real estate construction and land:
Residential			9						—						—
Commercial:
Asset-based			6						—						—
Venture capital			7						3						—
Other commercial			60						—						—

			Weighted Average for the Nine Months Ended September 30, 2025
															Interest												Term Extension and
			Term Extension						Payment Delay						Rate Reduction												Interest Rate Reduction
			(in months)						(in months)						(in % points)												(in months)						(in % points)
Real estate mortgage:
Commercial			16						4						3.2		%										—						—
Multi-family			12						—						—												—						—
Other residential			9						3						—												—						—
Real estate construction and land:
Residential			9						—						—												—						—
Commercial:
Asset-based			22						—						—												—						—
Venture capital			8						3						—												—						—
Other commercial			18						—						—												55						1.9		%
Consumer			24						—						—												—						—

The following outlines the weighted average financial effects of our combination loan modifications for borrowers experiencing financial difficulties.

Combination - term extension, interest rate reduction, and principal forgiveness. Regarding the combination of term extensions, interest rate reductions, and principal forgiveness, the weighted average financial effect for the nine months ended September 30, 2026 for CRE loans included a 64 month maturity extension, a reduced rate of 1.65%, and principal forgiveness of $8.1 million and venture capital loans included a 68 month maturity extension, a reduced rate of 1.00%, and principal forgiveness of $5.0 million.

Combination - term extension, payment delay, and interest rate reduction. For the nine months ended September 30, 2025, other commercial loans included a 61 month maturity extension, a reduced rate of 5.75%, and payment deferrals of 3 months.

Combination - term extension and principal forgiveness. For the nine months ended September 30, 2025, other commercial loans included a 35 month maturity extension and principal forgiveness of $0.1 million.

33

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

The following tables present the payment status of loans that were modified during the preceding 12-month period, with related amortized cost balances, as of the dates indicated:

			Payment Status (Amortized Cost Basis) at September 30, 2026
									30-89 Days						90 or More Days
			Current						Past Due						Past Due						Total
			(In thousands)
Real estate mortgage:
Commercial			$	82,312					$	2,410					$	—					$	84,722
Multi-family			137,450						—						—						137,450
Other residential			—						—						1,474						1,474
Commercial:
Asset-based			28,190						—						—						28,190
Venture capital			50,726						—						—						50,726
Other commercial			5,325						69						—						5,394
Consumer			—						—						238						238
Total			$	304,003					$	2,479					$	1,712					$	308,194

			Payment Status (Amortized Cost Basis) at September 30, 2025
									30-89 Days						90 or More Days
			Current						Past Due						Past Due						Total
			(In thousands)
Real estate mortgage:
Commercial			$	142,746					$	—					$	—					$	142,746
Multi-family			67,446						—						—						67,446
Other residential			2,104						971						2,197						5,272
Real estate construction and land:
Residential			2,985						—						—						2,985
Commercial:
Asset-based			62,510						—						—						62,510
Venture capital			66,617						—						—						66,617
Other commercial			1,799						3,518						—						5,317
Consumer			5						—						—						5
Total			$	346,212					$	4,489					$	2,197					$	352,898

34

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

The following tables present information on loans that defaulted during the periods indicated, which had been modified during the preceding 12-month period, with related amortized cost balances as of the dates indicated:

			Amortized cost basis at September 30, 2026
Loan Modifications That Subsequently Defaulted
for the Three Months Ended September 30, 2026			Term Extension						Payment Delay																		Total
			(In thousands)
Real estate mortgage:
Commercial			$	—					$	2,410																	$	2,410
Other residential			1,474						—																		1,474
Commercial:
Other commercial			69						—																		69
Consumer			238						—																		238
Total			$	1,781					$	2,410																	$	4,191

			Amortized cost basis at September 30, 2026
Loan Modifications That Subsequently Defaulted
for the Nine Months Ended September 30, 2026			Term Extension						Payment Delay																		Total
			(In thousands)
Real estate mortgage:
Commercial			$	—					$	2,410																	$	2,410
Other residential			1,474						—																		1,474
Commercial:
Other commercial			69						—																		69
Consumer			238						—																		238
Total			$	1,781					$	2,410																	$	4,191

			Amortized cost basis at September 30, 2025
															Combination - Term
Loan Modifications That Subsequently Defaulted															Extension and
for the Three Months Ended September 30, 2025			Term Extension												Rate Reduction												Total
			(In thousands)
Real estate mortgage:
Other residential			$	971											$	—											$	971
Commercial:
Other commercial			3,525												73												3,598
Total			$	4,496											$	73											$	4,569

			Amortized cost basis at September 30, 2025
															Combination - Term
Loan Modifications That Subsequently Defaulted															Extension and
for the Nine Months Ended September 30, 2025			Term Extension						Payment Delay						Rate Reduction												Total
			(In thousands)
Real estate mortgage:
Other residential			$	971					$	2,197					$	—											$	3,168
Commercial:
Other commercial			3,525						—						73												3,598
Total			$	4,496					$	2,197					$	73											$	6,766

35

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

Leases Receivable

We provide equipment financing to our customers primarily with operating and direct financing leases. For direct financing leases, lease receivables are recorded on the balance sheet, but the leased equipment is not, although we generally retain legal title to the leased equipment until the end of each lease. Direct financing leases are stated at the net amount of minimum lease payments receivable, plus any unguaranteed residual value, less the amount of unearned income and net acquisition discount at the reporting date. Direct lease origination costs are amortized using the effective interest method over the life of the leases. Direct financing leases are subject to our accounting for ACL. See "Note 7. Leases" for information regarding operating leases where we are the lessor.

The following table provides the components of leases receivable income for the periods indicated:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2026						2025						2026						2025
			(In thousands)
Component of leases receivable income:
Interest income on net investments in leases			$	3,492					$	3,454					$	10,776					$	11,199

The following table presents the components of leases receivable as of the dates indicated:

			September 30, 2026						December 31, 2025
			(In thousands)
Net Investment in Direct Financing Leases:
Lease payments receivable			$	151,814					$	151,719
Unguaranteed residual assets			19,134						19,921
Deferred costs and other			2,743						1,793
Aggregate net investment in leases			$	173,691					$	173,433

The following table presents maturities of leases receivable as of the date indicated:

			September 30, 2026
			(In thousands)
Period ending December 31,
2026			$	14,839
2027			54,638
2028			39,483
2029			36,017
2030			11,794
Thereafter			14,621
Total undiscounted cash flows			171,392
Less: Unearned income			(19,578)
Present value of lease payments			$	151,814

Allowance for Credit Losses

The ACL is the combination of the ALLL and the reserve for unfunded loan commitments. The reserve for unfunded loan commitments is included within "Accrued interest payable and other liabilities" on the consolidated balance sheets.

36

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

The following tables present a summary of the activity in the ACL loans and leases HFI by loan portfolio segment for the periods indicated:

			Three Months Ended September 30, 2026
									Real Estate
			Real Estate						Construction
			Mortgage						and Land						Commercial						Consumer						Total
			(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period			$	147,021					$	9,264					$	74,268					$	12,766					$	243,319
Charge-offs			(13,145)						—						(5,254)						(755)						(19,154)
Recoveries			1,088						—						722						53						1,863
Net charge-offs			(12,057)						—						(4,532)						(702)						(17,291)
Provision			(2,103)						(687)						10,591						599						8,400
Balance, end of period			$	132,861					$	8,577					$	80,327					$	12,663					$	234,428
Reserve for Unfunded Loan Commitments:
Balance, beginning of period			$	933					$	7,656					$	24,321					$	11					$	32,921
Provision			15						(1,681)						3,665						1						2,000
Balance, end of period			$	948					$	5,975					$	27,986					$	12					$	34,921
Total ACL, end of period			$	133,809					$	14,552					$	108,313					$	12,675					$	269,349

			Nine Months Ended September 30, 2026
									Real Estate
			Real Estate						Construction
			Mortgage						and Land						Commercial						Consumer						Total
			(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period			$	137,401					$	8,849					$	86,087					$	13,275					$	245,612
Charge-offs			(96,352)						(75,608)						(22,095)						(2,813)						(196,868)
Recoveries			1,980						—						2,950						554						5,484
Net charge-offs			(94,372)						(75,608)						(19,145)						(2,259)						(191,384)
Provision			89,832						75,336						13,385						1,647						180,200
Balance, end of period			$	132,861					$	8,577					$	80,327					$	12,663					$	234,428
Reserve for Unfunded Loan Commitments:
Balance, beginning of period			$	998					$	8,755					$	25,156					$	12					$	34,921
Provision			(50)						(2,780)						2,830						—						—
Balance, end of period			$	948					$	5,975					$	27,986					$	12					$	34,921
Total ACL, end of period			$	133,809					$	14,552					$	108,313					$	12,675					$	269,349
Ending Allowance by Evaluation Methodology:
Individually evaluated			$	—					$	—					$	—					$	—					$	—
Collectively evaluated			$	132,861					$	8,577					$	80,327					$	12,663					$	234,428
Ending Loans and Leases by Evaluation Methodology:
Individually evaluated			$	157,159					$	2,385					$	14,725					$	—					$	174,269
Collectively evaluated			13,319,125						1,472,386						9,289,336						335,407						24,416,254
Ending balance			$	13,476,284					$	1,474,771					$	9,304,061					$	335,407					$	24,590,523

37

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

			Three Months Ended September 30, 2025
									Real Estate
			Real Estate						Construction
			Mortgage						and Land						Commercial						Consumer						Total
			(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period			$	134,945					$	7,063					$	73,330					$	14,006					$	229,344
Charge-offs			(2,455)						—						(3,052)						(958)						(6,465)
Recoveries			1,602						1,370						5,833						117						8,922
Net charge-offs			(853)						1,370						2,781						(841)						2,457
Provision			3,456						205						4,746						293						8,700
Balance, end of period			$	137,548					$	8,638					$	80,857					$	13,458					$	240,501
Reserve for Unfunded Loan Commitments:
Balance, beginning of period			$	1,108					$	2,990					$	25,112					$	11					$	29,221
Provision			(122)						3,880						(2,757)						(1)						1,000
Balance, end of period			$	986					$	6,870					$	22,355					$	10					$	30,221
Total ACL, end of period			$	138,534					$	15,508					$	103,212					$	13,468					$	270,722

			Nine Months Ended September 30, 2025
									Real Estate
			Real Estate						Construction
			Mortgage						and Land						Commercial						Consumer						Total
			(In thousands)
Allowance for Loan and Lease Losses:
Balance, beginning of period			$	145,754					$	10,940					$	67,833					$	14,833					$	239,360
Charge-offs			(24,324)						(21,536)						(21,227)						(2,877)						(69,964)
Recoveries			2,212						1,370						10,224						319						14,125
Net charge-offs			(22,112)						(20,166)						(11,003)						(2,558)						(55,839)
Provision			13,906						17,864						24,027						1,183						56,980
Balance, end of period			$	137,548					$	8,638					$	80,857					$	13,458					$	240,501
Reserve for Unfunded Loan Commitments:
Balance, beginning of period			$	1,404					$	4,643					$	23,010					$	15					$	29,072
Provision			(418)						2,227						(655)						(5)						1,149
Balance, end of period			$	986					$	6,870					$	22,355					$	10					$	30,221
Total ACL, end of period			$	138,534					$	15,508					$	103,212					$	13,468					$	270,722
Ending Allowance by Evaluation Methodology:
Individually evaluated			$	—					$	—					$	—					$	—					$	—
Collectively evaluated			$	137,548					$	8,638					$	80,857					$	13,458					$	240,501
Ending Loans and Leases by Evaluation Methodology:
Individually evaluated			$	166,678					$	—					$	4,981					$	331					$	171,990
Collectively evaluated			13,413,184						2,154,826						8,001,676						368,966						23,938,652
Ending balance			$	13,579,862					$	2,154,826					$	8,006,657					$	369,297					$	24,110,642

The ALLL decreased by $8.9 million in the third quarter of 2026 to $234.4 million compared to the second quarter, due primarily to net charge-offs of $17.3 million, of which $10.0 million had been specifically reserved as of June 30, 2026, offset partially by an $8.4 million provision.

38

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

For additional information regarding the calculation of the ALLL using the CECL methodology, including discussion of forecasts used to estimate the allowance, please see "Note 1. Nature of Operations and Summary of Significant Accounting Policies - Allowance for Credit Losses on Loans and Leases Held for Investment" of the Notes to Consolidated Financial Statements contained in "Item 8. Financial Statements and Supplementary Data" of the Form 10-K.

A loan is considered collateral-dependent, and is individually evaluated for reserve purposes, when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The following table summarizes collateral-dependent loans HFI by collateral type as of the following dates:

			September 30, 2026																		December 31, 2025
			Real						Business												Real						Business
			Property						Assets						Total						Property						Assets						Total
			(In thousands)
Real estate mortgage			$	159,873					$	—					$	159,873					$	155,233					$	—					$	155,233
Real estate construction and land			2,385						—						2,385						—						—						—
Commercial			—						14,398						14,398						—						625						625
Total			$	162,258					$	14,398					$	176,656					$	155,233					$	625					$	155,858

39

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

NOTE 5.  GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill represents the excess of purchase consideration over the fair value of identifiable net assets acquired in a business combination. Goodwill and other intangible assets with indefinite useful lives are not amortized but are assessed for impairment at least annually. The carrying amount of goodwill was $214.5 million as of September 30, 2026 and December 31, 2025. For additional information regarding the calculation of goodwill and other intangibles see "Note 1. Nature of Operations and Summary of Significant Accounting Policies - Goodwill and Other Intangible Assets" in Item 8 of the Form 10-K.

Our other intangible assets with definite lives are CDI and CRI. CDI and CRI are amortized on an accelerated basis over their respective estimated useful lives and reviewed for impairment at least quarterly. The amortization expense represents the estimated decline in the value of the underlying deposits or customer relationships acquired.

The following table presents the carrying amounts of CDI and CRI and the related accumulated amortization for the periods indicated:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2026						2025						2026						2025
			(In thousands)
Gross Amount of CDI and CRI:
Balance, beginning of period			$	178,500					$	178,764					$	178,764					$	178,764
CRI write-off			—						—						(264)						—
Balance, end of period			178,500						178,764						178,500						178,764
Accumulated Amortization:
Balance, beginning of period			(85,791)						(59,834)						(73,477)						(45,820)
Amortization expense			(6,188)						(7,007)						(18,580)						(21,021)
Elimination upon CRI write-off			—						—						78						—
Balance, end of period			(91,979)						(66,841)						(91,979)						(66,841)
Net CDI and CRI, end of period			$	86,521					$	111,923					$	86,521					$	111,923

The following table presents the estimated aggregate future amortization expense for our current CDI as of the date indicated:

			September 30, 2026
			(In thousands)
Period ending December 31,
2026			$	5,817
2027			21,136
2028			17,890
2029			14,645
2030			11,400
Thereafter			15,633
Net CDI			$	86,521

40

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

NOTE 6. OTHER ASSETS

The following table presents the details of our other assets as of the dates indicated:

Other Assets			September 30, 2026						December 31, 2025
			(In thousands)
Investments:
LIHTC investments			$	226,080					$	259,780
SBIC investments			131,097						121,072
Alternative energy partnerships (HLBV investments)			15,894						16,354
Other equity and CRA investments			153,281						150,048
Total investments			526,352						547,254
Interest receivable			130,205						131,429
Operating lease ROU assets, net (1)			98,847						99,205
Prepaid expenses			38,393						33,829
Taxes receivable			25,485						8,385
Foreclosed assets, net			21,460						17,115
Equity warrants (2)			3,302						3,437
Other receivables/assets			44,027						44,108
Total other assets			$	888,071					$	884,762

____________________

(1)    See "Note 7. Leases" for further details regarding the operating lease ROU assets.

(2)    See "Note 11. Fair Value Measurements and Fair Value of Financial Instruments" for information regarding equity warrants.

NOTE 7. LEASES

Operating Leases as a Lessee

Our lease expense is a component of "Occupancy expense" on our consolidated statements of earnings. The following table presents the components of lease expense for the periods indicated:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2026						2025						2026						2025
			(In thousands)
Operating lease expense:
Fixed costs			$	6,982					$	7,205					$	21,033					$	21,501
Variable costs			34						36						126						271
Short-term lease costs			226						233						715						679
Sublease income			(1,004)						(1,065)						(3,168)						(3,353)
Net lease expense			$	6,238					$	6,409					$	18,706					$	19,098

The following table presents supplemental cash flow information related to leases for the periods indicated:

			Nine Months Ended September 30,
			2026						2025
			(In thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases			$	23,799					$	24,064
ROU assets obtained in exchange for lease obligations:
Operating leases			$	19,122					$	22,540

41

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

The following table presents supplemental balance sheet and other information related to operating leases as of the dates indicated:

			September 30, 2026						December 31, 2025
			(Dollars in thousands)
Operating leases:
Operating lease ROU assets, net			$	98,847					$	99,205
Operating lease liabilities			119,245						120,587
Weighted average remaining lease term (in years)			5.6						5.8
Weighted average discount rate			3.99		%				3.79		%

The following table presents the maturities of operating lease liabilities as of the date indicated:

			September 30, 2026
			(In thousands)
Period ending December 31,
2026			$	7,882
2027			29,245
2028			25,393
2029			20,744
2030			16,883
Thereafter			33,766
Total operating lease liabilities			133,913
Less: Imputed interest			(14,668)
Present value of operating lease liabilities			$	119,245

Operating Leases as a Lessor

We provide equipment financing to our customers through operating leases where we facilitate the purchase of equipment leased to our customers. The equipment is shown on the consolidated balance sheets as "Equipment leased to others under operating leases" and is depreciated to its estimated residual value at the end of the lease term, shown as "Leased equipment depreciation" in the consolidated statements of earnings. Periodic lease payments received under the leases are recorded as "Leased equipment income" in the consolidated statements of earnings. The valuation of equipment is tested periodically for impairment. No impairment was recorded on "Equipment leased to others under operating leases" during the nine months ended September 30, 2026 and 2025.

The following table presents the contractual rental payments to be received on operating leases as of the date indicated:

			September 30, 2026
			(In thousands)
Period ending December 31,
2026			$	6,153
2027			34,157
2028			33,673
2029			31,742
2030			22,675
Thereafter			59,528
Total undiscounted cash flows			$	187,928

42

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

NOTE 8.  BORROWINGS AND SUBORDINATED DEBT

Borrowings

The following table summarizes our borrowings as of the dates indicated:

			September 30, 2026												December 31, 2025
									Weighted												Weighted
Borrowing Type			Balance						Average Rate						Balance						Average Rate
			(Dollars in thousands)
FHLB secured advances			$	2,300,000					4.21		%				$	1,710,185					3.90		%
Other short-term borrowings			—						—						240,000						3.69		%
Credit-linked notes			108,626						14.47		%				113,634						14.63		%
Total borrowings, net			$	2,408,626					4.67		%				$	2,063,819					4.47		%

The Bank has established secured and unsecured lines of credit under which it may borrow funds from time to time on a term or overnight basis from the FHLB, the FRBSF, and other financial institutions.

FHLB Secured Line of Credit. The Bank had secured financing capacity with the FHLB of $6.8 billion as of September 30, 2026, collateralized by a blanket lien on $9.8 billion of qualifying loans. As of September 30, 2026, there were $658.5 million in letters of credit pledged and a $2.3 billion balance outstanding. As of December 31, 2025, there were $514.1 million in letters of credit pledged and a $1.7 billion balance outstanding.

The following table presents the interest rates and maturity dates of FHLB secured advances as of the date indicated:

			September 30, 2026
FHLB Secured Advances			Balance						Rate						Maturity date
			(Dollars in thousands)
Term advance			$	250,000					4.12		%				10/15/2026
Term advance			200,000						3.91		%				10/30/2026
Term advance			150,000						4.33		%				11/02/2026
Term advance			100,000						4.32		%				11/03/2026
Term advance			150,000						4.32		%				11/05/2026
Term advance			250,000						4.27		%				11/16/2026
Term advance			100,000						4.19		%				11/23/2026
Term advance			250,000						4.33		%				12/16/2026
Term advance			100,000						3.79		%				02/01/2027
Term advance			100,000						3.79		%				03/01/2027
Term advance			100,000						3.78		%				04/01/2027
Term advance (1)			150,000						4.63		%				05/28/2027
Term advance (1)			150,000						4.39		%				06/03/2027
Term advance (1)			150,000						4.63		%				06/03/2027
Term advance			100,000						3.88		%				06/24/2027
Total FHLB secured advances			$	2,300,000					4.21		%

___________________

(1)    Represents FHLB term advances that include a put feature, which allows the FHLB to terminate the advance before its scheduled maturity date.

FRBSF Secured Line of Credit. The Bank has a secured line of credit with the FRBSF. As of September 30, 2026, the Bank had secured borrowing capacity of $4.9 billion collateralized by liens covering $6.1 billion of qualifying loans and $290.4 million of securities. As of September 30, 2026 and December 31, 2025, there were no balances outstanding.

Holding Company Line of Credit Arrangement. As of September 30, 2026, we have a $100.0 million unsecured revolving line of credit available. The rate is based on 1-month SOFR plus a spread of 2.25%. As of September 30, 2026 and December 31, 2025, there was no balance outstanding.

43

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

Credit-Linked Notes. On September 29, 2022, legacy Pacific Western Bank completed a credit-linked notes transaction. The notes were issued in five classes, each with an interest rate of SOFR plus a spread that ranges from 8.00% to 13.25%, with a weighted average spread of 10.77% at September 30, 2026. The notes are linked to the credit risk of a reference pool of previously purchased SFR mortgage loans with a principal balance of approximately $2.1 billion at September 30, 2026. The notes are due June 27, 2052. Principal payments on the notes are based only on principal that is actually collected on these loans. The notes are reported at fair value of $108.6 million at September 30, 2026. See "Note 2. Restricted Cash" for information regarding the collateral for the notes and "Note 11. Fair Value Measurements and Fair Value of Financial Instruments" for additional information.

Other Short-Term Borrowing Arrangements. As of September 30, 2026, the Bank had credit limits of $190.0 million in the aggregate with several commercial banks, as well as borrowing arrangements with unaffiliated financial institutions that provide for the purchase of overnight funds and other short-term borrowings. The availability of these unsecured borrowings fluctuates regularly and is subject to the discretion of the counterparties. These lines are renewable annually and have no unused commitment fees. As of September 30, 2026, there was no balance outstanding under these arrangements compared to $240.0 million outstanding as of December 31, 2025.

Subordinated Debt

On May 1, 2026, the Company redeemed all $385 million outstanding aggregate principal amount of its 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031 originally issued by Pacific Western Bank. The remaining unamortized discount and debt issuance costs were recorded as a loss on redemption of debt in noninterest income.

The following table summarizes the terms of each issuance of subordinated debt outstanding as of the dates indicated:

			September 30, 2026												December 31, 2025												Date						Maturity						Rate Index
Series			Balance						Rate (1)						Balance						Rate (1)						Issued						Date						(Quarterly Reset)
			(Dollars in thousands)
Subordinated notes, net (2)(3)			$	—					—						$	381,737					3.25		%				04/30/2021						05/01/2031						Fixed rate
Subordinated notes (4)			75,000						8.01		%				75,000						8.05		%				10/30/2020						10/30/2030						3-month Term SOFR + 4.195%
Trust V			10,310						7.34		%				10,310						7.07		%				08/15/2003						09/17/2033						3-month Term SOFR + 3.10
Trust VI			10,310						7.21		%				10,310						7.03		%				09/03/2003						09/15/2033						3-month Term SOFR + 3.05
Trust CII			5,155						7.19		%				5,155						6.92		%				09/17/2003						09/17/2033						3-month Term SOFR + 2.95
Trust VII			61,856						6.85		%				61,856						6.85		%				02/05/2004						04/23/2034						3-month Term SOFR + 2.75
Trust CIII			20,619						5.85		%				20,619						5.67		%				08/15/2005						09/15/2035						3-month Term SOFR + 1.69
Trust FCCI			16,495						5.76		%				16,495						5.58		%				01/25/2007						03/15/2037						3-month Term SOFR + 1.60
Trust FCBI			10,310						5.71		%				10,310						5.53		%				09/30/2005						12/15/2035						3-month Term SOFR + 1.55
Trust CS 2005-1			82,475						6.11		%				82,475						5.93		%				11/21/2005						12/15/2035						3-month Term SOFR + 1.95
Trust CS 2005-2			128,866						6.05		%				128,866						6.05		%				12/14/2005						01/30/2036						3-month Term SOFR + 1.95
Trust CS 2006-1			51,545						8.70		%				51,545						9.20		%				02/22/2006						04/30/2036						Prime + 1.95
Trust CS 2006-2			51,550						6.05		%				51,550						6.05		%				09/27/2006						10/30/2036						3-month Term SOFR + 1.95
Trust CS 2006-3 (5)			29,203						4.50		%				30,275						4.12		%				09/29/2006						10/30/2036						3-month EURIBOR + 2.05
Trust CS 2006-4			16,470						8.70		%				16,470						9.20		%				12/05/2006						01/30/2037						Prime + 1.95
Trust CS 2006-5			6,650						6.05		%				6,650						6.05		%				12/19/2006						01/30/2037						3-month Term SOFR + 1.95
Trust CS 2007-2			39,177						6.05		%				39,177						6.05		%				06/13/2007						07/30/2037						3-month Term SOFR + 1.95
PMB Statutory Trust III			7,217						7.74		%				7,217						7.35		%				09/16/2002						09/26/2032						3-month Term SOFR + 3.40
PMB Capital Trust III			10,310						5.99		%				10,310						6.15		%				10/04/2004						10/08/2034						3-month Term SOFR + 2.00
Total subordinated debt			633,518						6.63		%				1,016,327						5.35		%
Acquisition discount (6)			(58,494)												(63,587)
Total subordinated debt, net			$	575,024											$	952,740

___________________

(1)    Rates do not include the effects of discounts and issuance costs.

(2)    Net of unamortized issuance costs of $3.3 million at December 31, 2025.

(3)    The subordinated notes, which were issued at the Bank level rather than the holding company level, carried a fixed interest rate until May 1, 2026. On that date, the Company redeemed the outstanding principal amount of $385 million. The balance reflected in the table above differs from the redemption amount due to the carrying value of the subordinated notes, which includes the impact of unamortized debt issuance discount at the reporting date.

(4)    Interest rate was fixed at 4.375% until October 30, 2025, when it changed to a floating rate equal to 3-month Term SOFR, plus a spread of 419.5 basis points.

(5)    Denomination is in Euros with a value of €25.8 million

(6)    Amount represents the fair value adjustment on subordinated debt assumed in acquisitions.

44

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

NOTE 9.  DERIVATIVES

We use derivative instruments and other risk management techniques to reduce our exposure to adverse fluctuations in interest rates and foreign currency exchange rates in accordance with our risk management policies and for certain loan clients to allow them to hedge the risk of rising interest rates on their variable rate loans.

Our derivatives are carried at fair value and recorded in "Other assets" or "Accrued interest payable and other liabilities," as appropriate, in the consolidated balance sheets. On the date we enter into a derivative contract, the derivative is designated as a fair value hedge, cash flow hedge, or a hedge designation is not made as it is a customer-related transaction. When a derivative is designated as a fair value hedge or cash flow hedge, the Company performs an assessment at inception, and at least quarterly thereafter, to determine the effectiveness of the derivative in offsetting changes in the fair value or cash flows of the hedged items.

The following table presents the U.S. dollar notional amounts and fair values of our derivative instruments included in the consolidated balance sheets as of the dates indicated:

			September 30, 2026																		December 31, 2025
			Notional						Fair Value												Notional						Fair Value
			Amount						Asset						Liability						Amount						Asset						Liability
			(In thousands)
Derivatives Designated as Cash Flow Hedges:
Interest rate swaps			$	680,000					$	4,061					$	19,474					$	300,000					$	—					$	4,043
Interest rate collars			1,000,000						—						—						1,000,000						—						22
Interest rate caps			380,000						10,345						—						—						—						—
Derivatives Not Designated as Hedging Instruments:
Interest rate contracts			133,805						5,170						5,115						150,652						4,124						4,079
Foreign exchange contracts			107,725						1,249						—						111,390						—						77
Equity warrant assets			12,969						3,302						—						14,086						3,437						—
Total contracts			$	2,314,499					$	24,127					$	24,589					$	1,576,128					$	7,561					$	8,221

Cash Flow Hedges

Cash flow hedges include interest rate swap contracts with an aggregate notional amount of $680.0 million, consisting of $300.0 million of pay-fixed, receive-floating and $380.0 million of forward-starting receive-fixed, pay-floating swaps. These contracts have terms of up to five years and mature at various dates through 2032. The Company entered into these swaps with institutional counterparties to hedge against variability in cash flows attributable to IRR on a portion of the Company’s borrowings and forecasted interest income on cash balances indexed to the interest on reserve balances rate. Cash flow hedges also included interest rate collars, which are option contracts designed to limit the Company's exposure to increases in short-term interest rates while foregoing some of the upside if short-term interest rates decrease significantly. The interest rate collars have notional amounts aggregating to $1.0 billion, with eighteen month terms, and maturing on October 31, 2026. These collars were entered into with institutional counterparties to hedge against variability in cash flows attributable to IRR on a portion of the Company's floating rate deposits. Additionally, cash flow hedges also included forward-starting purchased interest rate caps, which are option contracts designed to limit the Company's exposure to increases in short-term interest rates. The interest rate caps have notional amounts aggregating to $380.0 million, with five year terms, and maturing in March 2032. These caps were entered into with institutional counterparties to hedge against variability in cash flows attributable to IRR on a portion of the Company's floating rate deposits.

The cash flow hedges were deemed highly effective at inception and as of September 30, 2026. For derivatives designated as cash flow hedges, the portion of changes in fair value considered to be highly effective is reported as a component of AOCI on the consolidated balance sheets until the related cash flows from the hedged items are recognized in earnings. As of September 30, 2026, the fair value of the cash flow hedges represented a net liability of $5.1 million, related to which a loss of $7.8 million (net of tax) was included in AOCI. The estimated amount to be reclassified in the next 12 months out of AOCI into earnings is $1.6 million.

45

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

Other Interest Rate Swaps, Foreign Exchange Contracts, and Equity Warrant Assets Not Designated for Hedge Accounting

The Company offers borrowers interest rate swaps under a "back-to-back" loan hedging program and offsets these "pay floating/receive fixed" contracts with borrowers with "receive floating/pay fixed" swaps with counterparty banks. The total notional balance of these offsetting hedging contracts was $133.8 million at September 30, 2026.

The Company has also hedged the IRR and foreign currency risk on €25.8 million of subordinated debt utilizing a cross-currency swap. Under the current terms of the swap, the Company receives three-month Euribor plus 205 basis points and pays a fixed rate of 5.92% with ultimate principal exchanged at maturity. For the three and nine months ended September 30, 2026, changes in fair value and fees recorded to "Noninterest income" in the consolidated statements of earnings were immaterial.

See "Note 11. Fair Value Measurements and Fair Value of Financial Instruments" for additional information regarding equity warrant assets.

NOTE 10.  COMMITMENTS AND CONTINGENCIES

The following table presents a summary of commitments described below as of the dates indicated:

			September 30, 2026						December 31, 2025
			(In thousands)
Loan commitments to extend credit			$	5,565,774					$	5,433,357
Standby letters of credit			259,844						244,895
Total			$	5,825,618					$	5,678,252

The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement that the Company has in particular classes of financial instruments.

Commitments to extend credit are contractual agreements to lend to our customers when customers are in compliance with their contractual credit agreements and when customers have contractual availability to borrow under such agreements. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The estimated exposure to loss from these commitments is included in the reserve for unfunded loan commitments, which amounted to $34.9 million at September 30, 2026 and December 31, 2025.

Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third-party. We provide standby letters of credit in conjunction with several of our lending arrangements and property lease obligations. Most guarantees expire within one year from the date of issuance. If a borrower defaults on its commitments subject to any letter of credit issued under these arrangements, we would be required to meet the borrower's financial obligation but would seek repayment of that financial obligation from the borrower. In some cases, borrowers have pledged cash and investment securities as collateral under these arrangements.

Additionally, we have commitments to invest in SBICs that call for capital contributions up to an amount specified in the partnership agreements, affordable housing investments, and in CRA-related loan pools. As of September 30, 2026 and December 31, 2025, such commitments totaled $115.6 million and $122.1 million.

Legal Matters

In the ordinary course of our business, we are party to various legal actions, which we believe are incidental to the operation of our business. The outcome of such legal actions and the timing of ultimate resolution are inherently difficult to predict. In the opinion of management, based upon information currently available to us, any resulting liability, in addition to amounts already accrued, and taking into consideration insurance which may be applicable, would not have a material adverse effect on the Company’s financial statements or operations.

46

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

NOTE 11.  FAIR VALUE MEASUREMENTS AND FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair Value Option

The Company may elect to report financial instruments and certain other items at fair value on an instrument-by-instrument basis with changes in fair value reported in earnings. The election is made upon the initial recognition of an eligible financial asset, financial liability, or firm commitment or when certain specified reconsideration events occur. The fair value election may not otherwise be revoked once an election is made. The changes in fair value are recorded in "Noninterest income" on the consolidated statements of earnings. However, movements in debt valuation adjustments are reported as a component of "Accumulated other comprehensive loss, net" on the consolidated balance sheets. Debt valuation adjustments represent the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk.

Fair Value Option for Certain Debt Liabilities

The Company has elected the fair value option for the credit-linked notes issued in September 2022. The Company elected the fair value option because these exposures are considered to be structured notes, which are financial instruments that contain embedded derivatives. The notes are linked to the credit risk of an approximately $2.1 billion reference pool of previously purchased SFR mortgage loans. The principal balance of the credit-linked notes was $109.9 million at September 30, 2026. The carrying value of the credit-linked notes at September 30, 2026 was the estimated fair value of $108.6 million. Interest expense on the credit-linked notes totaled $4.1 million and $12.3 million for the three and nine months ended September 30, 2026, and $4.5 million and $13.5 million for the three and nine months ended September 30, 2025, respectively, and was recorded in "Interest expense - borrowings" on the consolidated statements of earnings.

The following table presents the changes in fair value of the credit-linked notes for which the fair value option has been elected for the periods indicated:

			Three Months Ended September 30,												Nine Months Ended September 30,
Credit-Linked Notes			2026						2025						2026						2025
			(In thousands)
Changes in fair value - gains included in earnings			$	210					$	14					$	416					$	(141)
Changes in fair value - other comprehensive (loss) income			$	(96)					$	1,361					$	(313)					$	990

The following table provides information about the credit-linked notes carried at fair value as of the dates indicated:

Credit-Linked Notes			September 30, 2026						December 31, 2025
			(In thousands)
Carrying value reported on the consolidated balance sheets			$	108,626					$	113,634
Aggregate unpaid principal balance in excess of fair value			$	1,323					$	1,220

Fair Value Measurements

The Company uses fair value to measure certain assets and liabilities on a recurring basis, primarily AFS securities, derivatives, and certain debt liabilities. For assets measured at the lower of cost or fair value, the fair value measurement criteria may or may not be met during a reporting period and such measurements are therefore considered “nonrecurring” for purposes of disclosing our fair value measurements. Fair value is used on a nonrecurring basis to adjust carrying values for individually evaluated loans and leases and OREO and also to record impairment on certain assets, such as goodwill, CDI, and other long-lived assets.

For information regarding the valuation methodologies used to measure our assets recorded at fair value (under ASC Topic 820), and for estimating fair value for financial instruments not recorded at fair value, see "Note 1. Nature of Operations and Summary of Significant Accounting Policies" and "Note 15. Fair Value Measurements" to the Consolidated Financial Statements of the Form 10-K.

The Company also holds SBIC investments measured at fair value using the net asset value per share practical expedient that are not required to be classified in the fair value hierarchy. At September 30, 2026, the fair value of these investments was $131.1 million.

47

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

The following tables present information on the assets and liabilities measured and recorded at fair value on a recurring basis as of the dates indicated:

			Fair Value Measurements as of September 30, 2026
Measured on a Recurring Basis			Total						Level 1						Level 2						Level 3
			(In thousands)
Securities AFS:
Agency residential MBS			$	718,355					$	—					$	718,355					$	—
U.S. Treasury securities			219,509						219,509						—						—
Agency commercial MBS			343,613						—						343,613						—
Agency residential CMOs			3,067,819						—						3,067,819						$	—
Corporate debt securities			193,846						—						186,946						6,900
Private label residential CMOs			393,765						—						393,765
Collateralized loan obligations			107,928						—						107,928						—
Private label commercial MBS			6,822						—						6,822
Asset-backed securities			11,633						—						11,633						—
SBA securities			2,549						—						2,549						—
Total securities AFS			$	5,065,839					$	219,509					$	4,839,430					$	6,900
Equity investments with readily determinable fair values			$	564					$	564					$	—					$	—
Derivatives: (1)
Derivative assets
Cash flow hedges			14,406						—						14,406						—
Interest rate and foreign exchange contracts			6,419						—						6,419						—
Equity warrants			3,302						—						—						3,302
Derivative liabilities
Cash flow hedges			19,474						—						19,474						—
Interest rate and foreign exchange contracts			5,115						—						5,115						—
Credit-linked notes			108,626						—						—						108,626

___________________

(1)    For information regarding derivative instruments, see "Note 9. Derivatives".

48

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

			Fair Value Measurements as of December 31, 2025
Measured on a Recurring Basis			Total						Level 1						Level 2						Level 3
			(In thousands)
Securities AFS:
Agency residential MBS			$	834,085					$	—					$	834,085					$	—
Agency commercial MBS			50,966						—						50,966						—
Agency residential CMOs			871,624						—						871,624						—
Corporate debt securities			241,596						—						239,226						2,370
Private label residential CMOs			228,975						—						228,975						—
Collateralized loan obligations			200,822						—						200,822						—
Private label commercial MBS			9,279						—						9,279						—
Asset-backed securities			13,249						—						13,249						—
SBA securities			3,462						—						3,462						—
Total securities AFS			$	2,454,058					$	—					$	2,451,688					$	2,370
Equity investments with readily determinable fair values			$	2					$	2					$	—					$	—
Derivatives: (1)
Derivative assets
Interest rate and foreign exchange contracts			4,124						—						4,124						—
Equity warrants			3,437						—						—						3,437
Derivative liabilities
Cash flow hedges			4,065						—						4,065						—
Interest rate and foreign exchange contracts			4,156						—						4,156						—
Credit-linked notes			113,634						—						—						113,634

____________________

(1)    For information regarding derivative instruments, see "Note 9. Derivatives".

During the nine months ended September 30, 2026, there were $1.6 million in transfers from Level 3 equity warrants to Level 1 equity investments with readily determinable fair values measured on a recurring basis. There were no transfers of AFS corporate debt securities from Level 3 to Level 2 during the nine months ended September 30, 2026, while $4.5 million of AFS corporate debt securities were transferred from Level 2 to Level 3 during the same period.

The following table presents information about quantitative inputs and assumptions used to determine the fair values provided by our third-party pricing service for our Level 3 corporate debt securities AFS measured at fair value on a recurring basis as of the date indicated:

			Corporate Debt Securities as of September 30, 2026
			Range						Weighted Average
Unobservable Inputs			of Inputs						Input (1)
Spread to 10 Year Treasury			1.9% - 42.3%						10.5%
Discount rates			7.2% - 47.5%						15.7%

____________________

(1)    Unobservable inputs for corporate debt securities were weighted by the relative fair values of the instruments.

The following table presents information about quantitative inputs and assumptions used in the modified Black-Scholes option pricing model to determine the fair value for our Level 3 equity warrants measured at fair value on a recurring basis as of the date indicated:

			Equity Warrants as of September 30, 2026
			Range						Weighted Average
Unobservable Inputs			of Inputs						Input (1)
Volatility			15.3% - 1,757.1%						24.2%
Risk-free interest rate			4.0% - 5.1%						5.0%
Remaining life assumption (in years)			0.08 - 4.95						3.15

____________________

(1)    Unobservable inputs for equity warrants were weighted by the relative fair values of the instruments.

49

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

The following table summarizes activity for our Level 3 corporate debt securities AFS, equity warrants, and credit-linked notes measured at fair value on a recurring basis for the period indicated:

			Corporate						Equity						Credit-Linked
			Debt Securities						Warrants						Notes
			(In thousands)
Balance, December 31, 2025			$	2,370					$	3,437					$	113,634
Total included in earnings			—						2,055						(416)
Total included in other comprehensive income			30						—						313
Issuances			—						281						—
Principal payments			—						—						(4,905)
Transfer from Level 2			4,500						—						—
Exercises and settlements			—						(909)						—
Transfers to Level 1 (equity investments with readily determinable fair values)			—						(1,562)						—
Balance, September 30, 2026			$	6,900					$	3,302					$	108,626
Unrealized net gain for the period included in other
comprehensive income for securities held at quarter-end			$	30

The following tables present assets measured at fair value on a non-recurring basis as of the dates indicated:

			Fair Value Measurement as of September 30, 2026
Measured on a Nonrecurring Basis			Total						Level 1						Level 2						Level 3
			(In thousands)
Individually evaluated loans and leases			$	52,013					$	—					$	52,013					$	—
OREO			193						—						193						—
Total non-recurring			$	52,206					$	—					$	52,206					$	—

			Fair Value Measurement as of December 31, 2025
Measured on a Nonrecurring Basis			Total						Level 1						Level 2						Level 3
			(In thousands)
Individually evaluated loans and leases			$	52,443					$	—					$	48,401					$	4,042
OREO			248						—						248						—
Total non-recurring			$	52,691					$	—					$	48,649					$	4,042

In addition to individually evaluated loans and leases and OREO, loans HFS are carried at the LOCOM and may be measured at fair value on a nonrecurring basis when fair value is less than cost. Fair value is based on active bids and other observable market inputs, such as appraised value of the underlying collaterals, adjusted for specific attributes of that loan or other available market data for similar loans. Loans HFS are classified as Level 2 in the fair value hierarchy.

The following table presents losses recognized on assets measured on a nonrecurring basis for the periods indicated:

			Three Months Ended September 30,												Nine Months Ended September 30,
Loss on Assets Measured on a Non‑Recurring Basis			2026						2025						2026						2025
			(In thousands)
Individually evaluated loans and leases			$	2,687					$	827					$	8,165					$	1,743
OREO			61						123						61						274
Total losses			$	2,748					$	950					$	8,226					$	2,017

50

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

The following tables present carrying amounts and estimated fair values of certain financial instruments as of the dates indicated:

			September 30, 2026
			Carrying						Estimated Fair Value
			Amount						Total						Level 1						Level 2						Level 3
			(In thousands)
Financial Assets:
Cash and due from banks			$	293,680					$	293,680					$	293,680					$	—					$	—
Interest-earning deposits in financial institutions			1,875,027						1,875,027						1,875,027						—						—
Securities AFS			5,065,839						5,065,839						219,509						4,839,430						6,900
Investment in FRB and FHLB stock			175,691						175,691						—						175,691						—
Loans HFS			498,759						498,848						—						498,848						—
Loans and leases HFI, net			24,356,095						22,983,748						—						52,013						22,931,735
Equity investments with readily determinable fair values			564						564						564						—						—
Equity warrants			3,302						3,302						—						—						3,302
Cash flow hedges			14,406						14,406						—						14,406						—
Interest rate and foreign exchange contracts			6,419						6,419						—						6,419						—
Servicing rights			181						181						—						—						181
Financial Liabilities:
Demand, checking, money market, and savings deposits			24,296,138						24,296,138						—						24,296,138						—
Time deposits			3,964,171						3,945,706						—						3,945,706						—
Borrowings			2,408,626						2,407,129						—						2,298,503						108,626
Subordinated debt			575,024						572,854						—						572,854						—
Cash flow hedges			19,474						19,474						—						19,474						—
Interest rate and foreign exchange contracts			5,115						5,115						—						5,115						—

			December 31, 2025
			Carrying						Estimated Fair Value
			Amount						Total						Level 1						Level 2						Level 3
			(In thousands)
Financial Assets:
Cash and due from banks			$	181,103					$	181,103					$	181,103					$	—					$	—
Interest-earning deposits in financial institutions			2,126,862						2,126,862						2,126,862						—						—
Securities AFS			2,454,058						2,454,058						—						2,451,688						2,370
Securities HTM			2,308,636						2,246,526						185,088						2,057,189						4,249
Investment in FRB and FHLB stock			160,442						160,442						—						160,442						—
Loans HFS			182,936						183,083						—						183,083						—
Loans and leases HFI, net			24,787,067						23,871,794						—						48,401						23,823,393
Equity investments with readily determinable fair values			2						2						2						—						—
Equity warrants			3,437						3,437						—						—						3,437
Interest rate and foreign exchange contracts			4,124						4,124						—						4,124						—
Servicing rights			17,480						19,427						—						—						19,427
Financial Liabilities:
Demand, checking, money market, and savings deposits			23,156,094						23,156,094						—						23,156,094						—
Time deposits			4,687,263						4,684,099						—						4,684,099						—
Borrowings			2,063,819						2,069,076						275,185						1,680,257						113,634
Subordinated debt			952,740						934,819						—						934,819						—
Cash flow hedges			4,065						4,065						—						4,065						—
Interest rate and foreign exchange contracts			4,156						4,156						—						4,156						—

51

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

Limitations

Fair value estimates are made at a specific point in time and are based on relevant market information and information about the financial instrument. These estimates do not reflect income taxes or any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a portion of the Company’s financial instruments, fair value estimates are based on what management believes to be reasonable judgments regarding expected future cash flows, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimated fair values are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Since the fair values have been estimated as of September 30, 2026, the amounts that will actually be realized or paid at settlement or maturity of the instruments could be significantly different.

NOTE 12.  EARNINGS (LOSS) PER SHARE

The following tables present the computations of basic and diluted net earnings (loss) per share by class of common stock for the periods indicated:

			Three Months Ended September 30, 2026
									Class B						Non-Voting
			Voting						Non-Voting						Common Stock
			Common						Common						Equivalents						Total
			(In thousands, except per share amounts)
Basic Earnings Per Share: (1)
Net earnings available to common and equivalent stockholders			$	72,890					$	220					$	—					$	73,110
Less: Earnings and dividends allocated to unvested restricted stock (2)			(2)						—						—						(2)
Net earnings allocated to common and equivalent shares			$	72,888					$	220					$	—					$	73,108
Weighted average basic shares and unvested restricted stock outstanding			157,969						477						—						158,446
Less: weighted average unvested restricted stock outstanding			(5)						—						—						(5)
Weighted average basic shares outstanding			157,964						477						—						158,441
Basic earnings per share			$	0.46					$	0.46					$	—					$	0.46
Diluted Earnings Per Share: (3)
Net earnings allocated to common and equivalent shares			$	72,890					$	220					$	—					$	73,110
Reallocation of net earnings			2						(2)						148						—
Net earnings for diluted earnings per share			$	72,892					$	218					$	148					$	73,110
Weighted average diluted shares outstanding			159,505						477						325						160,307
Conversion of NVCE to Voting Common			325						—						—						—
Shares used in computation of diluted earnings per share			159,830						477						325						160,307
Diluted earnings per share			$	0.46					$	0.46					$	0.46					$	0.46

________________________

(1)    Basic earnings per share is using the two-class method.

(2)    Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.

(3)    Diluted earnings per share is using the treasury method.

52

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

			Nine Months Ended September 30, 2026
									Class B						Non-Voting
			Voting						Non-Voting						Common Stock
			Common						Common						Equivalents						Total
			(In thousands, except per share amounts)
Basic Loss Per Share: (1)
Net loss available to common and equivalent stockholders			$	(115,354)					$	(354)					$	(471)					$	(116,179)
Less: Earnings and dividends allocated to unvested restricted stock (2)			(2)						—						—						(2)
Net loss allocated to common and equivalent shares			$	(115,356)					$	(354)					$	(471)					$	(116,181)
Weighted average basic shares and unvested restricted stock outstanding			155,296						477						633						156,406
Less: weighted average unvested restricted stock outstanding			(38)						—						—						(38)
Weighted average basic shares outstanding			155,258						477						633						156,368
Basic loss per share			$	(0.74)					$	(0.74)					$	(0.74)					$	(0.74)
Diluted Loss Per Share: (1)
Net loss allocated to common and equivalent shares			$	(115,356)					$	(354)					$	(471)					$	(116,181)
Weighted average diluted shares outstanding			155,258						477						633						156,368
Diluted loss per share			$	(0.74)					$	(0.74)					$	(0.74)					$	(0.74)

_____________________

(1)    Basic and diluted loss per share are using the two-class method.

(2)    Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.

53

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

			Three Months Ended September 30, 2025
									Class B						Non-Voting
			Voting						Non-Voting						Common Stock
			Common						Common						Equivalents						Total
			(In thousands, except per share amounts)
Basic Earnings Per Share: (1)
Net earnings available to common and equivalent stockholders			$	56,374					$	181					$	3,127					$	59,682
Less: Earnings allocated to unvested restricted stock (2)			(31)						—						—						(31)
Net earnings allocated to common and equivalent shares			$	56,343					$	181					$	3,127					$	59,651
Weighted average basic shares and unvested restricted stock outstanding			148,477						477						8,231						157,185
Less: weighted average unvested restricted stock outstanding			(82)						—						—						(82)
Weighted average basic shares outstanding			148,395						477						8,231						157,103
Basic earnings per share			$	0.38					$	0.38					$	0.38					$	0.38
Diluted Earnings Per Share: (3)
Net earnings allocated to common and equivalent shares			$	56,374					$	181					$	3,127					$	59,682
Reallocation of net earnings as a result of conversion of
NVCE to Voting Common			3,127						—						—						—
Reallocation of net earnings			2						(2)						395						—
Net earnings for diluted earnings per share			$	59,503					$	179					$	3,522					$	59,682
Weighted average diluted shares outstanding			149,188						477						9,386						159,051
Conversion of NVCE to Voting Common			9,386						—						—						—
Shares used in computation of diluted earnings per share			158,574						477						9,386						159,051
Diluted earnings per share			$	0.38					$	0.38					$	0.38					$	0.38

________________________

(1)    Basic earnings per share is using the two-class method.

(2)    Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.

(3)    Diluted earnings per share is using the treasury method.

54

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

			Nine Months Ended September 30, 2025
									Class B						Non-Voting
			Voting						Non-Voting						Common Stock
			Common						Common						Equivalents						Total
			(In thousands, except per share amounts)
Basic Earnings Per Share: (1)
Net earnings available to common and equivalent stockholders			$	114,387					$	360					$	6,994					$	121,741
Less: Earnings allocated to unvested restricted stock (2)			(89)						—						—						(89)
Net earnings allocated to common and equivalent shares			$	114,298					$	360					$	6,994					$	121,652
Weighted average basic shares and unvested restricted stock outstanding			151,677						477						9,266						161,420
Less: weighted average unvested restricted stock outstanding			(144)						—						—						(144)
Weighted average basic shares outstanding			151,533						477						9,266						161,276
Basic earnings per share			$	0.75					$	0.75					$	0.75					$	0.75
Diluted Earnings Per Share: (3)
Net earnings allocated to common and equivalent shares			$	114,387					$	360					$	6,994					$	121,741
Reallocation of net earnings as a result of conversion of
NVCE to Voting Common			6,994						—						—						—
Reallocation of net earnings			2						(2)						188						—
Net earnings for diluted earnings per share			$	121,383					$	358					$	7,182					$	121,741
Weighted average diluted shares outstanding			151,959						477						9,557						161,993
Conversion of NVCE to Voting Common			9,557						—						—						—
Shares used in computation of diluted earnings per share			161,516						477						9,557						161,993
Diluted earnings per share			$	0.75					$	0.75					$	0.75					$	0.75

________________________

(1)    Basic earnings per share is using the two-class method.

(2)    Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.

(3)    Diluted earnings per share is using the treasury method.

The terms of each class of the Company’s capital stock are described in "Note 14. Stockholders' Equity".

The following table presents the weighted average outstanding restricted shares and warrants that were not included in the computation of diluted earnings per share because their effect would be anti-dilutive for the periods indicated:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2026						2025						2026						2025
			(In thousands)
Restricted stock awards and units			36						81						2,861						144
Warrants			—						—						11,854						—

55

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

NOTE 13. REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Revenue

The following table presents "Interest income" and "Noninterest income," the components of total revenue, as disclosed in the consolidated statements of earnings and the related amounts which are from contracts with customers within the scope of ASC Topic 606. As illustrated here, substantially all of our revenue is specifically excluded from the scope of ASC Topic 606.

			Three Months Ended September 30,
			2026												2025
			Total						Revenue from						Total						Revenue from
			Recorded						Contracts with						Recorded						Contracts with
			Revenue						Customers						Revenue						Customers
			(In thousands)
Total Interest Income			$	442,736					$	—					$	432,541					$	—
Noninterest Income:
Service charges on deposit accounts			4,881						4,881						5,109						5,109
Commissions and fees			9,307						7,015						9,514						4,605
Leased equipment income			9,812						—						10,321						—
Loss on loans and leases HFS			(4,199)						—						(374)						—
Gain on securities AFS			728						—						—						—
Dividends and gains on equity investments			2,675						—						2,291						—
Warrant income			221						—						433						—
Other income			7,931						3						6,991						54
Total noninterest income			31,356						11,899						34,285						9,768
Total Revenue			$	474,092					$	11,899					$	466,826					$	9,768

The following table presents revenue from contracts with customers based on the timing of revenue recognition for the periods indicated:

			Three Months Ended September 30,
			2026						2025
			(In thousands)
Products and services transferred at a point in time			$	6,428					$	3,802
Products and services transferred over time			5,471						5,966
Total revenue from contracts with customers			$	11,899					$	9,768

56

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

			Nine Months Ended September 30,
			2026												2025
			Total						Revenue from						Total						Revenue from
			Recorded						Contracts with						Recorded						Contracts with
			Revenue						Customers						Revenue						Customers
			(In thousands)
Total Interest Income			$	1,264,774					$	—					$	1,259,705					$	—
Noninterest Income:
Service charges on deposit accounts			14,622						14,622						14,108						14,108
Commissions and fees			29,321						23,033						29,113						14,602
Leased equipment income			26,162						—						31,336						—
Loss on loans and leases HFS			(16,733)						—						(142)						—
Loss on securities AFS			(256,021)						—						—						—
Dividends and gains on equity investments			8,003						—						4,500						—
Warrant income			2,055						—						1,365						—
Other income			25,179						23						20,288						559
Total noninterest (loss) income			(167,412)						37,678						100,568						29,269
Total Revenue			$	1,097,362					$	37,678					$	1,360,273					$	29,269

The following table presents revenue from contracts with customers based on the timing of revenue recognition for the periods indicated:

			Nine Months Ended September 30,
			2026						2025
			(In thousands)
Products and services transferred at a point in time			$	20,713					$	12,053
Products and services transferred over time			16,965						17,216
Total revenue from contracts with customers			$	37,678					$	29,269

Contract Balances

The following table provides information about receivables, contract assets, and contract liabilities from contracts with customers as of the dates indicated:

			September 30, 2026						December 31, 2025
			(In thousands)
Receivables, which are included in "Other assets"			$	1,534					$	2,147
Contract liabilities, which are included in "Accrued interest payable and other liabilities"			$	226					$	279

Contract liabilities relate to advance consideration received from customers for which revenue is recognized over the life of the contract. The change in contract liabilities for the nine months ended September 30, 2026 due to revenue recognized that was included in the contract liability balance at the beginning of the period was $52,000.

57

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

NOTE 14.  STOCKHOLDERS' EQUITY

Stock-Based Compensation

At the annual meeting of stockholders held on May 6, 2026, the Company's stockholders approved the Second Amended and Restated Banc of California, Inc. 2018 Stock Incentive Plan (the “Second Amended and Restated 2018 Plan”). The Company’s Second Amended and Restated 2018 Plan permits stock-based compensation awards to officers, directors, employees, and consultants and will remain in effect until November 30, 2033. The Second Amended and Restated 2018 Plan authorizes grants of stock-based compensation instruments covering up to 12,917,882 shares. As of September 30, 2026, there were 4,765,019 shares available for grant under the Second Amended and Restated 2018 Plan. In addition to the Second Amended and Restated 2018 Plan, in connection with the Merger, the Company assumed the Amended and Restated PacWest Bancorp 2017 Stock Incentive Plan (the "PacWest 2017 Plan") with respect to PacWest's outstanding stock-based awards.

Restricted Stock (RSUs, TRSAs, and PSUs)

Restricted stock amortization totaled $5.8 million and $5.9 million for the three months ended September 30, 2026 and 2025, and $15.7 million and $17.3 million for the nine months ended September 30, 2026 and 2025. Such amounts are included in "Compensation expense" on the consolidated statements of earnings. The amount of unrecognized compensation expense related to all unvested RSUs, TRSAs, and PSUs as of September 30, 2026 totaled $48.1 million.

Restricted Stock Units and Time-Based Restricted Stock Awards

At September 30, 2026, there were 2,724,418 shares of unvested RSUs outstanding pursuant to the Second Amended and Restated 2018 Plan. At September 30, 2026, there were 4,670 shares of unvested TRSAs outstanding pursuant to the PacWest 2017 Plan. The RSUs and TRSAs generally vest over a service period of three or four years from the date of the grant or immediately upon death of an employee. Compensation expense related to RSUs and TRSAs is based on the fair value of the underlying stock on the award date and is recognized over the vesting period using the straight‑line method. TRSAs were assumed by the Company in connection with the Merger and continue to vest in accordance with the original vesting schedule of the awards.

Performance Stock Units

At September 30, 2026, there were 2,260,136 units of unvested PSUs outstanding. Compensation expense related to the PSUs is based on the fair value of the underlying stock on the award date and is amortized over the vesting period using the straight-line method unless it is determined that: (1) attainment of the financial metrics is less than probable, in which case a portion of the amortization is suspended, or (2) attainment of the financial metrics is improbable, in which case a portion of the previously recognized amortization is reversed and also suspended. Annual PSU expense may vary during the performance period based upon changes in management's estimate of the number of shares that may ultimately vest. In the case where the performance target for the PSUs is based on a market condition (such as total shareholder return), the amortization is neither reversed nor suspended if it is subsequently determined that the attainment of the performance target is less than probable or improbable and the employee continues to meet the service requirement of the award.

Classes of Stock and Equity Instruments

Preferred Stock

Depositary shares each representing 1/40th of a share of 7.75% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F (“Series F Preferred Stock”) are listed on the NYSE under the symbol “BANC/PF.” The Series F Preferred Stock ranks senior to our common stock and common stock equivalents both as to dividends and liquidation preference but generally has no voting rights. There are 50,000,000 total preferred shares authorized, of which 27,000,000 were authorized for the NVCE and 513,250 were authorized and outstanding for the Series F Preferred Stock at September 30, 2026 and December 31, 2025.

Common Stock

Our voting common stock is listed on the NYSE under the symbol “BANC” and there were 446,863,844 shares authorized at September 30, 2026 and December 31, 2025, and 157,977,644 shares outstanding at September 30, 2026 and 149,963,520 shares outstanding at December 31, 2025.

58

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

Class B Non-Voting Common Stock

Our Class B non-voting, non-convertible common stock is not listed or traded on any national securities exchange or automated quotation system, and there currently is no established trading market for such stock. The Class B non-voting common stock ranks equally with, and has identical rights, preferences, and privileges as the voting common stock with respect to dividends and liquidation preference but generally has no voting rights. There were 3,136,156 shares authorized at September 30, 2026 and December 31, 2025 and 477,321 shares outstanding at September 30, 2026 and at December 31, 2025.

Non-Voting Common Stock Equivalents

In conjunction with the Merger, the Company issued a new class of NVCE from authorized preferred stock, which were issued under the Investment Agreements (as defined below). Our NVCE stock is not listed or traded on any national securities exchange or automated quotation system, and there currently is no established trading market for such stock. The NVCE stock does not have voting rights and ranks equally with, and has identical rights, preferences, and privileges as, the voting common stock with respect to dividends or distributions (including regular quarterly dividends) declared by the Board and rights upon any liquidation, dissolution, winding up or similar proceeding of the Company. The NVCE stock is convertible into shares of voting common stock on a one-for-one basis, generally upon transfer to an eligible holder or the occurrence of other specified events in accordance with the terms of the Warburg Investment Agreement (as defined below) with affiliates of funds managed by Warburg Pincus LLC (the "Warburg Investors"). There were 27,000,000 shares of NVCE stock authorized at September 30, 2026 and December 31, 2025 and there were no shares of NVCE stock outstanding at September 30, 2026 and 5,017,064 at December 31, 2025.

During the nine months ended September 30, 2026, the Company repurchased 1,000,000 shares of its NVCE stock from the Warburg Investors at $20.00 per share, which represented a slight discount to the market price at the time of sale. The repurchased shares were retired upon settlement and recorded as a reduction to stockholders’ equity.

Warrants

In conjunction with the Merger and per the terms of the investment agreements, each dated July 25, 2023, entered into by Banc of California, Inc. with the Warburg Investors (such agreement, the "Warburg Investment Agreement") and the Centerbridge Investor (together with the Warburg Investment Agreement, the "Investment Agreements"), respectively, the Warburg Investors received warrants to purchase 15,853,659 shares of NVCE stock (the "Warburg Warrants"), and the Centerbridge Investor received warrants to purchase 3,048,780 shares of voting common stock (the “Centerbridge Warrants”), each with an initial exercise price of $15.375 per share, subject to customary anti-dilution adjustments provided for under the warrant agreements. The warrants carry a term of seven years but are subject to mandatory exercise when the market price of the voting common stock reaches or exceeds $24.60 for 20 or more trading days during any 30-consecutive trading day period. These warrants are being accounted for as equity. The exercise price of the Centerbridge Warrants will be adjusted downward, per the terms of their warrant agreement, and the exercise price of the Warburg Warrants will also be adjusted, per the terms of their warrant agreement and the NVCE Articles Supplementary, for cash distributions to stockholders of the Company’s voting common stock, including the Company’s quarterly cash dividend.

During the nine months ended September 30, 2026, holders exercised 14,634,146 Warburg Warrants and 620,631 Centerbridge Warrants. As of September 30, 2026, 3,647,661 warrants remained outstanding.

Stock Repurchase Program

On March 23, 2026, we announced that our Board of Directors approved an extension of the Company's existing stock repurchase program, which was originally announced on March 17, 2025 and subsequently upsized from $150.0 million to $300.0 million on April 23, 2025. The stock repurchase program, which was previously scheduled to expire in March 2026, has been extended through March 16, 2027.

During the nine months ended September 30, 2026, common and common equivalent stock repurchased under the program totaled 1,709,935 shares at a weighted average price per share of $18.68, or $31.9 million in the aggregate. As of September 30, 2026, the Company had $82.6 million remaining under the stock repurchase authorization.

Purchases may be made in open-market transactions, in block transactions on or off an exchange, in privately negotiated transactions or by other means as determined by our management and in accordance with the regulations of the SEC. The timing of purchases and the number of shares repurchased under the program will depend on a variety of factors including price, trading volume, corporate and regulatory requirements, and market conditions. The program may be changed, suspended, or discontinued at any time.

59

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

NOTE 15. SEGMENT REPORTING

The Company provides banking and treasury management services to small, middle-market, and venture-backed businesses. The principal business activities of the Company are gathering deposits, originating and servicing loans and leases, and investing in investment securities. The Company's CODM is the Chief Executive Officer.

The Company operates as one reportable segment, Commercial Banking, based on how the CODM manages the business activities. The CODM uses net earnings to evaluate income generated from segment assets, assess performance, decide how to allocate resources, determine dividend availability, establish management's compensation, and guide other strategic decisions. The accounting policies of the Commercial Banking segment are the same as those described in "Note 1. Nature of Operations and Summary of Significant Accounting Policies" in our Form 10-K. Additionally, the Company does not have intra-entity sales or transfers.

Since the Company operates as a single reportable segment and is managed on a consolidated basis, the consolidated statements of earnings reflect the segment results. Therefore, a separate segment income statement is not presented. The Company has reviewed the information provided to the CODM and determined that no further disaggregated expense disclosures are necessary beyond those in the consolidated statements of earnings.

The following table presents our operating segment balance sheet information and the reconciliation of segment assets to consolidated total assets as of the dates indicated:

Balance Sheet Data
Commercial Banking Segment			September 30, 2026						December 31, 2025
			(In thousands)
Segment total assets (1)			$	34,965,495					$	34,797,442

_________________________

(1)    Segment total assets is the same as total assets reported on the consolidated balance sheets.

NOTE 16. RELATED PARTY TRANSACTIONS

Certain of our executive officers and directors, and their related interests, are customers of, or have had transactions with, the Bank in the ordinary course of business, including deposits, loans, and other financial services-related transactions. From time to time, the Bank may make loans to executive officers and directors, and their related interests, in the ordinary course of business and on substantially the same terms and conditions, including interest rates and collateral, as those of comparable transactions with non-insiders prevailing at the time, in accordance with the Bank's underwriting guidelines, and do not involve more than the normal risk of collectability or present other unfavorable features. As of September 30, 2026, no related party loans were categorized as nonaccrual, past due, restructured, or potential problem loans.

Transactions with Related Parties

The Company and the Bank have engaged in the transaction described below with certain of the Company's directors, executive officers, and beneficial owners of more than five percent of the outstanding shares of the Company's voting common stock and certain persons related to them.

The Company is a party to a services agreement with IntraFi Network LLC (“IntraFi”) whereby IntraFi provides the Bank with certain insured cash sweep services from time to time. Affiliates of funds managed by Warburg Pincus LLC, which was a principal shareholder of the Company during the first quarter of 2026, hold a material investment interest in IntraFi. Additionally, Todd Schell, a principal of Warburg Pincus LLC, who served as a member of the Company's Board of Directors until his retirement during the second quarter of 2026, is a member of the board of directors of IntraFi. Accordingly, transactions with IntraFi constituted related-party transactions during the first quarter of 2026. For the nine months ended September 30, 2026 and 2025, the amounts paid to IntraFi constituting related party transactions for certain insured cash sweep services were $1.8 million and $5.6 million.

During the nine months ended September 30, 2026, the Company repurchased 1,000,000 shares of its NVCE stock from the Warburg Investors. See "Note 14. Stockholders' Equity", for additional information regarding this transaction.

60

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES

Notes to Unaudited Consolidated Financial Statements

NOTE 17.  SUBSEQUENT EVENTS

Common Stock Dividend

On November 6, 2026, the Company announced that the Board of Directors had declared a quarterly cash dividend of $0.12 per common share. The cash dividend is payable on January 4, 2027, to stockholders of record at the close of business on December 15, 2026.

Preferred Stock Dividend

On November 6, 2026, the Company announced that the Board of Directors had declared a quarterly cash dividend of $0.4845 per Depositary Share. The cash dividend is payable on December 1, 2026 to stockholders of record at the close of business on November 19, 2026.

Loan Sale Transactions

During the third quarter of 2026, the Company entered into agreements to sell $827.0 million of CRE and construction loans. The majority of these loan sales closed during the third quarter and the remainder closed October 21, 2026.

61

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following is management's discussion and analysis of the major factors that influenced our results of operations and financial condition as of and for the nine months ended September 30, 2026. This analysis should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2025 and with the unaudited consolidated financial statements and notes thereto set forth in this Quarterly Report on Form 10-Q.

Forward-Looking Information

This Quarterly Report on Form 10-Q contains certain forward-looking statements within the meaning of the “Safe-Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, profitability, liquidity and capital; anticipated benefits of our securities repositioning and other strategic balance sheet actions including, among others, a strengthened credit risk profile, increased capital efficiency, and an enhanced earnings profile; and other non-historical statements. Words or phrases such as “believe,” “will,” “should,” “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “plans,” “strategy,” or similar expressions are intended to identify these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements. These statements are necessarily subject to risk and uncertainty and actual results could differ materially from those anticipated due to various factors, including those set forth from time to time in the documents filed or furnished by the Company with the SEC. The Company undertakes no obligation to revise or publicly release any revision or update to these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made, except as required by law.

Factors that could cause actual results to differ materially from the results anticipated or projected include, but are not limited to: (i) changes in general economic conditions, either nationally or in our market areas, including the impact of tariffs and retaliatory tariffs, supply chain disruptions, and the risk of recession or an economic downturn; (ii) changes in the interest rate environment, including the recent and potential future changes in the FRB benchmark rate, which could adversely affect our revenue and expenses, the value of assets and obligations, the realization of deferred tax assets, the availability and cost of capital and liquidity, and the impacts of continuing or renewed inflation; (iii) the credit risks of lending activities, which may be affected by deterioration in real estate markets and the financial condition of borrowers, and the operational risk of lending activities, including the effectiveness of our underwriting practices and the risk of fraud, any of which may lead to increased loan delinquencies, losses, and non-performing assets, and may result in our allowance for credit losses not being adequate; (iv) fluctuations in the demand for loans, and fluctuations in commercial and residential real estate values in our market area; (v) the quality and composition of our securities portfolio; (vi) our ability to develop and maintain a strong core deposit base, including among our venture banking and private banking clients, or other low cost funding sources necessary to fund our activities particularly in a rising or high interest rate environment; (vii) the rapid withdrawal of a significant amount of demand deposits over a short period of time; (viii) our ability to achieve or maintain the anticipated benefits of our securities repositioning and other strategic balance sheet actions due to one or more of the other factors described herein or otherwise; (ix) our ability to successfully implement new business initiatives, such as our private banking service, and to realize their anticipated benefits; (x) our ability to raise capital or incur debt on reasonable terms; (xi) the costs and effects of litigation; (xii) risks related to the Company’s acquisitions, including disruption to current plans and operations; difficulties in customer and employee retention; fees, expenses and charges related to these transactions being significantly higher than anticipated; and our inability to achieve expected revenues, cost savings, synergies, and other benefits; (xiii) the competitive and other impacts on our business of emerging technologies, including stablecoins and other digital currencies, tokenized deposits, blockchain, artificial intelligence, quantum computing, and related innovations affecting both the Company and the banking industry; (xiv) results of examinations by regulatory authorities of the Company and the possibility that any such regulatory authority may, among other things, limit our business activities, restrict our ability to invest in certain assets, refrain from issuing an approval or non-objection to certain capital or other actions, increase our allowance for credit losses, result in write-downs of asset values, restrict our ability or that of our bank subsidiary to pay dividends, or impose fines, penalties or sanctions; (xv) legislative or regulatory changes that adversely affect our business, including changes in tax laws and policies, accounting policies and practices, privacy laws, and regulatory capital or other rules; (xvi) the risk that our enterprise risk management framework may not be effective in mitigating risk and reducing the potential for losses; (xvii) errors in estimates of the fair values of certain of our assets and liabilities, as well as the value of collateral supporting our loans, which may result in significant changes in valuation or recoveries; (xviii) cybersecurity threats and failures or security breaches with respect to the network, applications, vendors and computer systems on which we depend; (xix) our ability to attract and retain key members of our senior management team; (xx) the effects of climate change, severe weather events, natural disasters such as earthquakes and wildfires, pandemics, epidemics and other public health crises, military activity (including the ongoing Iran war) or acts of terrorism, and other external events on our business; (xxi) the impact of bank failures or other adverse developments at other banks on general depositor and investor sentiment regarding the stability and liquidity of banks; (xxii) the possibility that our recorded goodwill could become impaired, which may have an adverse impact on our earnings and capital; (xxiii) our existing indebtedness, together with

62

any future incurrence of additional indebtedness, could adversely affect our ability to raise additional capital and to meet our debt obligations; (xxiv) changes in market conditions or strategic balance sheet actions, which may result in realized losses on investment securities or other assets; (xxv) the effects of any damage to our reputation resulting from developments related to any of the items identified above; and (xxvi) other economic, competitive, governmental, regulatory, and technological factors affecting our operations, pricing, products and services and the other risks described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and from time to time in other documents that we file with or furnish to the SEC.

All forward-looking statements included in this Quarterly Report on Form 10-Q are based on information available at the time the statement is made. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise except as required by law.

Overview

Banc of California, Inc., a Maryland corporation, was incorporated in March 2002 and serves as the holding company for its wholly owned subsidiary, Banc of California (the “Bank”), a California state-chartered bank and a member of the FRB. When we refer to the "parent" or the “holding company," we are referring to Banc of California, Inc., the parent company, on a stand-alone basis. When we refer to “we,” “us,” “our,” or the “Company,” we are referring to Banc of California, Inc. and its consolidated subsidiaries including the Bank, collectively. The Bank is one of the nation’s premier relationship-based business banks, providing banking and treasury management services to small, middle-market, and venture-backed businesses. Through its Private Banking division, the Bank also serves individuals and families with personalized banking solutions, dedicated relationship management, and exceptional service. The Bank offers a broad range of loan and deposit products and services through 76 full-service branches located throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The Bank also provides full-service payment processing solutions to its clients and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The Bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more.

Recent Events

Strategic Balance Sheet Actions

During the second quarter of 2026, the Company executed several strategic balance sheet actions, including (i) the repositioning of $2.3 billion of lower-yielding HTM securities, (ii) the transfer of $827.0 million of selected commercial real estate and multi-family construction loans from HFI to HFS as part of a targeted loan sale process, and (iii) the redemption of $385.0 million of subordinated debt.

As part of the securities repositioning, the Company transferred $2.3 billion of HTM securities to AFS, subsequently sold substantially all of the transferred securities, and redeployed the proceeds into higher-yielding, shorter-duration AFS securities. In connection with the targeted loan sale process, the Company transferred $827.0 million of loans to HFS during the second quarter of 2026. The majority of the targeted loan sales closed during the third quarter of 2026, and the Company completed the remaining targeted loan sales on October 21, 2026. In addition, the Company redeemed $385.0 million of subordinated debt prior to a higher interest rate reset during the second quarter of 2026.

Stock Repurchase Program

On March 23, 2026, we announced the extension of the Company’s existing $300 million stock repurchase program, which had been scheduled to expire in March 2026, through March 16, 2027. During the nine months ended September 30, 2026, the Company repurchased a total of approximately 1.7 million shares of common and common equivalent stock for $31.9 million, at a weighted-average price of $18.68 per share. As of September 30, 2026, the Company had $82.6 million remaining under the stock repurchase authorization. For further information on the stock repurchase program, see "Note 14. Stockholders' Equity" in Item 1 of this Form 10-Q.

63

Critical Accounting Policies and Estimates

The following discussion and analysis of financial condition and results of operations are based upon our consolidated financial statements and related notes, which have been prepared in accordance with U.S. GAAP. The preparation of the consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts and disclosure. We evaluate these estimates and assumptions on an ongoing basis based on historical experience and other relevant factors and circumstances; however, actual results may differ significantly from these estimates and assumptions, which could have a material adverse effect on our financial condition and results of operations.

Our accounting policies and estimates are fundamental to understanding the following discussion and analysis of financial condition and results of operations. We identify critical accounting estimates as those that involve the most significant judgments, uncertainties, and subjective decisions, and that could result in materially different outcomes under different assumptions or conditions. Our critical accounting policies and estimates include those related to the ACL on loans and leases HFI and the realization of deferred tax assets and liabilities. Our critical accounting policies and estimates are described in "Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations" included in the Form 10-K.

64

Non-GAAP Financial Measures

We use certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company’s operational performance and to enhance investors’ overall understanding of such financial performance. This disclosure should not be viewed as a substitute for results determined in accordance with GAAP. The methodology for determining these non-GAAP measures may differ among companies and may not be comparable. Accordingly, we refer to the following non‑GAAP measures in this Quarterly Report on Form 10‑Q.

Return on average tangible common equity, tangible common equity, tangible book value per common share, efficiency ratio, and pre-tax pre-provision income are presented because the use of these measures is prevalent among banking regulators, investors, and analysts. These measures are disclosed in addition to the related GAAP measures of return on average equity, book value per common share, and noninterest expense to total revenue, respectively. Reconciliations of these non‑GAAP measures to the most directly comparable GAAP measures are presented in the following tables for and as of the periods presented.

			Three Months Ended												Nine Months Ended
Return on Average Tangible			September 30,						June 30,												September 30,
Common Equity ("ROATCE")			2026						2026												2026						2025
			(Dollars in thousands)
Net earnings (loss)			$	83,057					$	(241,347)											$	(86,338)					$	151,582
Adjustments:
Intangible asset amortization			6,188						6,349												18,885						21,479
Tax impact of adjustment above (1)			(1,431)						(1,778)												(6,481)						(5,872)
Adjustment to net earnings (loss)			4,757						4,571												12,404						15,607
Adjusted net earnings (loss) for ROATCE			87,814						(236,776)												(73,934)						167,189
Less: Preferred stock dividends			9,947						9,947												29,841						29,841
Adjusted net earnings (loss) available to common and
equivalent stockholders for ROATCE			$	77,867					$	(246,723)											$	(103,775)					$	137,348
Average stockholders' equity			$	3,392,012					$	3,545,141											$	3,494,710					$	3,463,568
Less: Average goodwill and intangible assets			304,652						311,068												310,932						337,361
Less: Average preferred stock			498,516						498,516												498,516						498,516
Average tangible common equity			$	2,588,844					$	2,735,557											$	2,685,262					$	2,627,691
Return on average equity (2)			9.71		%				(27.31)		%										(3.30)		%				5.85		%
ROATCE (3)			11.93		%				(36.18)		%										(5.17)		%				6.99		%

___________________________________

(1)     Annual effective tax rates of 23.12% and 28.00% used for the three months ended September 30, 2026 and June 30, 2026. Annual effective tax rates of 34.32% and 27.34% used for the nine months ended September 30, 2026 and 2025.

(2)     Annualized net earnings (loss) divided by average stockholders' equity.

(3)     Annualized adjusted net earnings (loss) available to common and equivalent stockholders for ROATCE divided by average tangible common equity.

65

Tangible Common Equity and
Tangible Book Value Per Common Share			September 30, 2026						December 31, 2025
			(Dollars in thousands, except per share data)
Stockholders' equity			$	3,348,829					$	3,541,277
Less: Preferred stock			498,516						498,516
Total common equity			2,850,313						3,042,761
Less: Goodwill and intangible assets			301,042						319,808
Tangible common equity			$	2,549,271					$	2,722,953
Book value per common share (1)			$	17.99					$	19.56
Tangible book value per common share (2)			$	16.09					$	17.51
Common and equivalent shares outstanding (3)			158,459,635						155,533,403

_______________________________________ 

(1)    Total common equity divided by common and equivalent shares outstanding.

(2)    Tangible common equity divided by common and equivalent shares outstanding.

(3)    Common and equivalent shares outstanding include NVCE that are participating securities. There was no NVCE outstanding as of September 30, 2026.

			Three Months Ended												Nine Months Ended
			September 30,						June 30,												September 30,
Efficiency Ratio			2026						2026												2026						2025
			(Dollars in thousands)
Noninterest expense (1)			$	185,370					$	189,867											$	556,628					$	555,206
Less: Intangible asset amortization			(6,188)						(6,349)												(18,885)						(21,479)
Noninterest expense used for efficiency ratio			$	179,182					$	183,518											$	537,743					$	533,727
Net interest income			$	272,442					$	250,501											$	774,560					$	726,024
Noninterest income (loss)			31,356						(234,096)												(167,412)						100,568
Total revenue			303,798						16,405												607,148						826,592
Add: (Gain) loss on securities AFS			(728)						256,749												256,021						—
Total revenue used for efficiency ratio			$	303,070					$	273,154											$	863,169					$	826,592
Noninterest expense to total revenue			61.02		%				1157.37		%										91.68		%				67.17		%
Efficiency ratio (2)			59.12		%				67.18		%										62.30		%				64.57		%

_______________________________________ 

(1)    Includes customer related expense of $24.8 million and $24.1 million for the three months ended September 30, 2026 and June 30, 2026, and $72.7 million and $80.6 million for nine months ended September 30, 2026 and 2025.

(2)    Noninterest expense used for efficiency ratio divided by total revenue used for efficiency ratio.

			Three Months Ended												Nine Months Ended
			September 30,						June 30,												September 30,
Pre-Tax Pre-Provision Income (Loss)			2026						2026												2026						2025
			(Dollars in thousands)
Net interest income (GAAP)			$	272,442					$	250,501											$	774,560					$	726,024
Add: Noninterest income (loss) (GAAP)			31,356						(234,096)												(167,412)						100,568
Total revenues (GAAP)			303,798						16,405												607,148						826,592
Less: Noninterest expense (GAAP)			185,370						189,867												556,628						555,206
Pre-tax pre-provision income (loss) (Non-GAAP)			$	118,428					$	(173,462)											$	50,520					$	271,386

66

Results of Operations

The Company reported net earnings available to common and equivalent stockholders of $73.1 million, or $0.46 per diluted common share, for the third quarter of 2026, compared to $59.7 million, or $0.38 per diluted common share for the third quarter of 2025. For the second quarter of 2026, the Company reported a net loss available to common and equivalent stockholders of $251.3 million, or $(1.61) per diluted common share, reflecting the previously announced strategic balance sheet repositioning.

Third Quarter 2026 Financial Highlights:

•The second quarter strategic balance sheet repositioning contributed to increased third quarter earnings, with diluted earnings per share of $0.46, up 21% from $0.38 for the third quarter of 2025.

•Total revenue of $303.8 million, up 6% from the third quarter of 2025, and pre-tax pre-provision income(1) of $118.4 million, up 16% from the third quarter of 2025, while noninterest expense of $185.4 million remained flat from the third quarter of 2025.

•NII increased $21.9 million, or 9%, from the second quarter of 2026, to $272.4 million, and net interest margin expanded 21 basis points to 3.34%, reflecting higher yields on investment securities following the Company's second quarter strategic balance sheet repositioning activities and continued execution across the business.

•Loans and leases HFI increased $379.7 million, or 6% on an annualized basis, driven by $2.6 billion of loan production and disbursements with a weighted average interest rate on production of 6.58%.

•Average deposits increased $565.3 million, or 8% on an annualized basis, supporting reduced wholesale funding.

•Credit quality trends were favorable, as nonperforming and classified loans and leases as a percentage of total loans and leases HFI declined by 12 basis points and 35 basis points, respectively.

•Capital ratios increased from the second quarter of 2026 and exceeded the regulatory thresholds for "well capitalized" banks, including a 12.10% Tier 1 capital ratio, up 43 basis points, and 9.70% CET1 capital ratio, up 45 basis points, reflecting capital generation following the balance sheet repositioning.

___________________________________

(1)    See "Non-GAAP Financial Measures."

67

Earnings Performance

The following table presents financial results and performance ratios for the periods indicated:

			Three Months Ended												Nine Months Ended
			September 30,						June 30,						September 30,
			2026						2026						2026						2025
			(Dollars in thousands, except per share data)
Earnings Summary:
Interest income			$	442,736					$	414,596					$	1,264,774					$	1,259,705
Interest expense			(170,294)						(164,095)						(490,214)						(533,681)
Net interest income			272,442						250,501						774,560						726,024
Provision for credit losses			(10,400)						(161,780)						(181,980)						(58,100)
Noninterest income (loss)			31,356						(234,096)						(167,412)						100,568
Noninterest expense			(185,370)						(189,867)						(556,628)						(555,206)
Earnings (loss) before income taxes			108,028						(335,242)						(131,460)						213,286
Income tax (expense) benefit			(24,971)						93,895						45,122						(61,704)
Net earnings (loss)			83,057						(241,347)						(86,338)						151,582
Preferred stock dividends			(9,947)						(9,947)						(29,841)						(29,841)
Net earnings (loss) available to common and equivalent stockholders			$	73,110					$	(251,294)					$	(116,179)					$	121,741
Per Common Share Data:
Diluted earnings (loss) per share (1)			$	0.46					$	(1.61)					$	(0.74)					$	0.75
Performance Ratios:
Return on average assets (3)			0.94		%				(2.79)		%				(0.33)		%				0.60		%
Return on average equity (3)			9.71		%				(27.31)		%				(3.30)		%				5.85		%
Return on average tangible common equity (2)(3)			11.93		%				(36.18)		%				(5.17)		%				6.99		%
Net interest margin (3)			3.34		%				3.13		%				3.24		%				3.13		%
Yield on average loans and leases (3)			5.69		%				5.63		%				5.69		%				5.96		%
Cost of average total deposits (3)			1.83		%				1.80		%				1.81		%				2.11		%
Noninterest expense to total revenue (4)			61.02		%				1157.37		%				91.68		%				67.17		%
Efficiency ratio (2)(5)			59.12		%				67.18		%				62.30		%				64.57		%
Capital Ratios (consolidated):
Common equity tier 1 capital ratio			9.70		%				9.25		%
Tier 1 capital ratio			12.10		%				11.67		%
Total capital ratio			14.71		%				14.31		%
Tier 1 leverage capital ratio			9.14		%				8.89		%
Risk-weighted assets			$	26,221,857					$	26,061,398

_____________________________

(1)    Common shares include NVCE that are participating securities. There was no NVCE outstanding as of September 30, 2026 and June 30, 2026.

(2)    See "Non-GAAP Financial Measures" in Item 2 of this Form 10-Q.

(3)    Annualized.

(4)    Total revenue equals the sum of NII and noninterest income.

(5)    Ratio calculated by dividing noninterest expense (less intangible asset amortization and acquisition, integration and reorganization costs) by total revenue (less gain/loss on securities). See "Non-GAAP Financial Measures" in Item 2 of this Form 10-Q. Noninterest expense includes customer related expense of $24.8 million and $24.1 million for the three months ended September 30, 2026 and June 30, 2026, and $72.7 million and $80.6 million for nine months ended September 30, 2026 and 2025.

68

Net Interest Income and Net Interest Margin

The following tables summarize the distribution of average assets, liabilities, and stockholders’ equity, as well as interest income and yields earned on average interest-earning assets and interest expense and rates paid on average interest-bearing liabilities, presented on a tax equivalent basis, for the periods indicated:

			Three Months Ended
			September 30, 2026																		June 30, 2026
															Average																		Average
			Average												Yield/						Average												Yield/
			Balance						Interest						Rate						Balance						Interest						Rate
			(Dollars in thousands)
ASSETS:
Loans and leases (1)			$	25,274,927					$	362,549					5.69		%				$	25,266,712					$	354,832					5.63		%
Investment securities			4,912,701						60,125						4.86		%				4,938,232						42,407						3.44		%
Deposits in financial institutions			2,166,626						20,062						3.67		%				1,912,585						17,357						3.64		%
Total interest‑earning assets			32,354,254						442,736						5.43		%				32,117,529						414,596						5.18		%
Other assets			2,666,216																		2,527,401
Total assets			$	35,020,470																	$	34,644,930
LIABILITIES AND
STOCKHOLDERS' EQUITY:
Interest checking			$	8,878,491					$	53,397					2.39		%				$	8,313,161					$	47,694					2.30		%
Money market			5,252,893						28,127						2.12		%				4,736,107						23,429						1.98		%
Savings			1,865,962						10,024						2.13		%				1,883,240						9,575						2.04		%
Time			4,301,532						38,700						3.57		%				4,820,101						43,572						3.63		%
Total interest‑bearing deposits			20,298,878						130,248						2.55		%				19,752,609						124,270						2.52		%
Borrowings			2,461,168						27,623						4.45		%				2,399,546						26,568						4.44		%
Subordinated debt			574,612						12,423						8.58		%				699,159						13,257						7.61		%
Total interest‑bearing liabilities			23,334,658						170,294						2.90		%				22,851,314						164,095						2.88		%
Noninterest‑bearing demand deposits			7,885,157																		7,866,139
Other liabilities			408,643																		382,336
Total liabilities			31,628,458																		31,099,789
Stockholders’ equity			3,392,012																		3,545,141
Total liabilities and stockholders' equity			$	35,020,470																	$	34,644,930
Net interest income									$	272,442																	$	250,501
Net interest rate spread															2.53		%																2.30		%
Net interest margin															3.34		%																3.13		%
Total deposits (2)			$	28,184,035					$	130,248					1.83		%				$	27,618,748					$	124,270					1.80		%
Total funds (3)			$	31,219,815					$	170,294					2.16		%				$	30,717,453					$	164,095					2.14		%

_____________________

(1)    Total loans are net of deferred fees, related direct costs, and premiums and discounts, but exclude the allowance for loan losses. Includes net loan discount accretion of $8.7 million and $11.2 million for the three months ended September 30, 2026 and June 30, 2026.

(2)    Total deposits is the sum of interest-bearing deposits and noninterest-bearing demand deposits. The cost of total deposits is calculated as annualized interest expense on total deposits divided by average total deposits.

(3)    Total funds is the sum of total interest-bearing liabilities and noninterest-bearing demand deposits. The cost of total funds is calculated as annualized total interest expense divided by average total funds.

69

			Nine Months Ended
			September 30, 2026																		September 30, 2025
															Average																		Average
			Average												Yield/						Average												Yield/
			Balance						Interest						Rate						Balance						Interest						Rate
			(Dollars in thousands)
ASSETS:
Loans and leases (1)			$	25,086,150					$	1,067,324					5.69		%				$	24,252,860					$	1,081,129					5.96		%
Investment securities			4,955,926						144,405						3.90		%				4,745,530						113,769						3.21		%
Deposits in financial institutions			1,942,176						53,045						3.65		%				1,972,486						64,807						4.39		%
Total interest‑earning assets			31,984,252						1,264,774						5.29		%				30,970,876						1,259,705						5.44		%
Other assets			2,575,510																		2,665,623
Total assets			$	34,559,762																	$	33,636,499
LIABILITIES AND
STOCKHOLDERS' EQUITY:
Interest checking			$	8,458,185					$	147,973					2.34		%				$	7,661,200					$	154,751					2.70		%
Money market			4,926,608						74,382						2.02		%				5,326,554						97,079						2.44		%
Savings			1,902,008						29,371						2.06		%				1,958,289						38,323						2.62		%
Time			4,543,252						123,025						3.62		%				4,567,443						138,391						4.05		%
Total interest‑bearing deposits			19,830,053						374,751						2.53		%				19,513,486						428,544						2.94		%
Borrowings			2,211,339						74,368						4.50		%				1,578,462						58,903						4.99		%
Subordinated debt			741,114						41,095						7.41		%				946,441						46,234						6.53		%
Total interest‑bearing liabilities			22,782,506						490,214						2.88		%				22,038,389						533,681						3.24		%
Noninterest‑bearing demand deposits			7,880,575																		7,660,504
Other liabilities			401,971																		474,038
Total liabilities			31,065,052																		30,172,931
Stockholders’ equity			3,494,710																		3,463,568
Total liabilities and stockholders' equity			$	34,559,762																	$	33,636,499
Net interest income									$	774,560																	$	726,024
Net interest rate spread															2.41		%																2.20		%
Net interest margin															3.24		%																3.13		%
Total deposits (2)			$	27,710,628					$	374,751					1.81		%				$	27,173,990					$	428,544					2.11		%
Total funds (3)			$	30,663,081					$	490,214					2.14		%				$	29,698,893					$	533,681					2.40		%

_____________________

(1)    Total loans are net of deferred fees, related direct costs, and premiums and discounts, but exclude the allowance for loan losses. Includes net loan discount accretion of $32.2 million and $51.5 million for the nine months ended September 30, 2026 and 2025.

(2)    Total deposits is the sum of total interest-bearing deposits and noninterest-bearing demand deposits. The cost of total deposits is calculated as annualized interest expense on total deposits divided by average total deposits.

(3)    Total funds is the sum of total interest-bearing liabilities and noninterest-bearing demand deposits. The cost of total funds is calculated as annualized total interest expense divided by average total funds.

Third Quarter of 2026 Compared to Second Quarter of 2026

NII increased by $21.9 million to $272.4 million for the third quarter, from $250.5 million in the second quarter. This increase was primarily driven by the $17.7 million increase in interest income on investment securities resulting from the strategic balance sheet repositioning during the second quarter and reinvestment into higher-yielding assets, including a $2.8 million special dividend received on FHLB stock. In addition, interest income on loans increased by $7.7 million primarily driven by lower interest reversals associated with nonaccrual loans compared to the second quarter of 2026 and one additional day in the quarter. These increases were offset partially by a $6.0 million increase in interest expense on deposits primarily due to increased market interest rates, one additional day in the quarter, as well as higher average balances.

70

Net interest margin was 3.34% for the third quarter, up 21 basis points from 3.13% for the second quarter. The increase was primarily driven by the higher yield on average interest earning assets, which increased to 5.43% from 5.18%, reflecting a 142 basis point increase in the average yield on investment securities to 4.86%. The increase in investment securities yield reflects earnings from the strategic balance sheet repositioning and reinvestment activities.

The average total cost of funds increased to 2.16% from 2.14%, primarily due to a 3 basis point increase in the average total cost of deposits to 1.83%. Average total deposits increased by $565.3 million, with a $546.3 million increase in average interest-bearing deposits. The increase in average yield on total interest-bearing deposits reflects the impact of the federal funds rate increases during the quarter. Average noninterest-bearing deposits represented 28.0% of average total deposits in the third quarter, down from 28.5% in the second quarter.

Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025

NII increased $48.5 million to $774.6 million for the nine months ended September 30, 2026, from $726.0 million for the nine months ended September 30, 2025. The increase was primarily driven by a $53.8 million decrease in interest expense on deposits due to lower interest rates following federal funds rate cuts in the second half of 2025, and a $30.6 million increase in interest income from investment securities reflecting the benefits of prior strategic balance sheet repositioning and reinvestment activities, including $4.1 million of special dividends received on FHLB stock. These benefits were offset partially by a $15.5 million increase in borrowing costs associated with funding loan growth and the subordinated debt redemption prior to higher repricing in the second quarter of 2026, a $13.8 million decrease in loan interest income primarily attributable to a reversal of previously accrued interest on loans placed on nonaccrual status offset partially by the benefit of higher average loan balances, and an $11.8 million decrease in interest income from deposits in financial institutions due to lower balances and lower market interest rates.

The net interest margin was 3.24% for the nine months ended September 30, 2026, up 11 basis points from 3.13% for the nine months ended September 30, 2025. The year-over-year improvement was primarily driven by a 26 basis point decrease in the average total cost of funds due mainly to lower market interest rates and a 69 basis point increase in the average yield on investment securities.

The average total cost of funds decreased by 26 basis points to 2.14%, driven primarily by the decline in average cost of deposits of 30 basis points to 1.81%, reflecting the impact of lower market interest rates. Average total deposits increased by $536.6 million year-over-year, as a result of a $316.6 million increase in average interest-bearing deposits and a $220.1 million increase in average noninterest-bearing deposits. Average noninterest-bearing deposits represented 28.4% of average total deposits for the nine months ended September 30, 2026, up from 28.2% for the comparable period in 2025. The average cost of borrowings also decreased by 49 basis points to 4.50%, reflecting the paydown of higher-cost borrowings in the prior year and their replacement with lower-cost short-term FHLB advances.

The average yield on interest-earning assets declined by 15 basis points to 5.29%. The decrease was primarily driven by a 27 basis point decline in average yield on loans and leases to 5.69% and a 74 basis point decline in average yield on deposits in financial institutions, primarily consisting of reserves held at the Federal Reserve Bank, to 3.65%, reflecting lower market rates. These decreases were offset partially by a 69 basis point increase in the average yield on investment securities to 3.90%, reflecting a benefit from the strategic balance sheet repositioning and reinvestment activities.

71

Provision for Credit Losses

The following table sets forth the details of the provision for credit losses on loans and leases HFI and securities and information regarding credit quality metrics for the periods indicated:

			Three Months Ended												Nine Months Ended
			September 30,						June 30,												September 30,
			2026						2026												2026						2025
			(Dollars in thousands)
Provision for Credit Losses:
Addition to allowance for loan and lease losses			$	8,400					$	162,000											$	180,200					$	56,980
Addition to (Reduction in) reserve for unfunded loan commitments			2,000						(2,000)												—						1,150
Total loan-related provision			10,400						160,000												180,200						58,130
(Reduction in) addition to allowance for HTM securities			—						(695)												(695)						(805)
Addition to allowance for AFS securities			—						2,475												2,475						775
Total securities-related provision			—						1,780												1,780						(30)
Total provision for credit losses			$	10,400					$	161,780											$	181,980					$	58,100
Credit Quality Metrics:
Net charge-offs on loans and leases HFI (1)			$	17,291					$	160,281											$	191,384					$	55,839
Annualized net charge-offs to average loans and leases			0.27		%				2.54		%										1.02		%				0.31		%
At quarter-end:
Allowance for credit losses			$	269,349					$	276,240
Allowance for credit losses to loans and leases HFI			1.10		%				1.14		%
Allowance for credit losses to nonaccrual loans and leases HFI			151.97		%				135.60		%
Nonaccrual loans and leases HFI			$	177,233					$	203,712
Nonaccrual loans and leases HFI to loans and leases HFI			0.72		%				0.84		%

______________________

(1)    See "Balance Sheet Analysis - Allowance for Credit Losses on Loans and Leases Held for Investment" in Item 2 of this Form 10-Q for detail of charge-offs and recoveries by loan portfolio segment, class, and subclass for the periods presented.

Provisions for credit losses are charged to earnings for both on and off‑balance sheet credit exposures. The provisions for credit losses on our loans and leases HFI, AFS debt securities, and HTM debt securities are based on our allowance methodologies and are expenses that, in our judgment, are required to maintain an appropriate ACL for these assets.

Third Quarter of 2026 Compared to Second Quarter of 2026

The provision for credit losses was $10.4 million for the third quarter compared to $161.8 million for the second quarter.

The third quarter provision included an $8.4 million provision for loan losses and a $2.0 million provision for unfunded commitments. The provision was primarily driven by net charge-off activity experienced in the quarter and growth in the HFI loan portfolio, offset partially by lower specific reserves and changes in the economic factors used in the provision estimate.

The second quarter provision was elevated by the strategic balance sheet repositioning activities related to the targeted loan sale process, the impact of loan growth and higher loss given default rates on CRE and multi-family construction loans, offset partially by improved risk ratings in our HFI portfolio.

Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025

The provision for credit losses was $182.0 million for the nine months ended September 30, 2026, compared to $58.1 million for the nine months ended September 30, 2025. The provision for the 2026 period included a provision for loan losses of $180.2 million, reflecting the impact of the targeted loan sale process and the impact of loan growth, offset partially by improved risk ratings for our HFI portfolio.

The provision for the nine months ended September 30, 2025 included the impact of $506.7 million of loans transferred to HFS during the second quarter of 2025 and recorded at the LOCOM. The remaining increase in the provision for credit losses was primarily driven by net charge-off activity experienced in the first half of the year, with additional impacts from changes in loan risk ratings. These were offset partially by lower specific reserves and a favorable shift in the portfolio mix due to growth in loan segments with lower expected credit losses.

72

Certain circumstances may lead to increased provisions for credit losses on loans and leases in the future. Examples of such circumstances include an increased amount of classified and/or nonaccrual loans and leases, net loan and lease and unfunded commitment growth, and changes in economic conditions and forecasts. Changes in economic conditions and forecasts include the rate of economic growth, the unemployment rate, the rate of inflation, changes in the general level of interest rates, changes in real estate values, and adverse conditions in borrowers’ businesses.

For information regarding the ACL on loans and leases HFI and HTM securities, see “Balance Sheet Analysis - Allowance for Credit Losses on Loans and Leases” and “Critical Accounting Policies and Estimates” in Item 2 Management's Discussion and Analysis, and "Note 4. Loans and Leases" in Item 1 of this Form 10-Q.

Noninterest Income (Loss)

The following table summarizes noninterest income by category for the periods indicated:

			Three Months Ended												Nine Months Ended
			September 30,						June 30,						September 30,
Noninterest Income (Loss)			2026						2026						2026						2025
			(In thousands)
Leased equipment income			$	9,812					$	7,820					$	26,162					$	31,336
Commissions and fees			9,307						9,034						29,321						29,113
Service charges on deposit accounts			4,881						4,763						14,622						14,108
Loss on loans and leases HFS			(4,199)						(12,544)						(16,733)						(142)
Gain (loss) on securities AFS			728						(256,749)						(256,021)						—
Dividends and gains on equity investments			2,675						3,326						8,003						4,500
Warrant income			221						896						2,055						1,365
Other			7,931						9,358						25,179						20,288
Total noninterest income (loss)			$	31,356					$	(234,096)					$	(167,412)					$	100,568

Third Quarter of 2026 Compared to Second Quarter of 2026

Noninterest income increased by $265.5 million to $31.4 million for the third quarter, compared to a loss of $234.1 million for the second quarter. The increase was primarily driven by a $257.5 million decrease in loss on securities and an $8.3 million decrease in loss on loans and leases HFS, both of which were a result of the strategic balance sheet repositioning actions taken in the second quarter. Also included in noninterest income was a $2.0 million increase in operating lease income, primarily due to new lease fundings and higher lease renewal income, offset partially by a $1.4 million decrease in other income. The decrease in other income was primarily due to the second quarter gain recognized on the sale of the Company's single-family mortgage servicing rights portfolio, offset partially by the second quarter loss on the redemption of the $385 million subordinated notes.

Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025

Noninterest income decreased by $268.0 million to a loss of $167.4 million for the nine months ended September 30, 2026, compared to income of $100.6 million for the same period in 2025. The decrease was primarily attributable to the $256.0 million pre-tax loss recognized as part of the securities repositioning and a $16.6 million increase in the loss on loans and leases HFS resulting primarily from LOCOM adjustments recorded during the second quarter in connection with the strategic balance sheet repositioning actions.

73

Noninterest Expense

The following table summarizes noninterest expense by category for the periods indicated:

			Three Months Ended												Nine Months Ended
			September 30,						June 30,						September 30,
Noninterest Expense			2026						2026						2026						2025
			(In thousands)
Compensation			$	87,318					$	85,120					$	263,538					$	263,644
Customer related expense			24,834						24,114						72,685						80,555
Occupancy			14,733						14,714						44,339						45,898
Information technology and data processing			13,133						13,769						41,241						41,707
Insurance and assessments			12,211						14,500						33,475						25,680
Intangible asset amortization			6,188						6,349						18,885						21,479
Leased equipment depreciation			6,078						5,168						16,550						20,191
Other professional services			5,914						5,599						15,749						16,313
Loan expense			4,709						5,170						14,171						11,927
Other			10,252						15,364						35,995						27,812
Total noninterest expense			$	185,370					$	189,867					$	556,628					$	555,206

Third Quarter of 2026 Compared to Second Quarter of 2026

Noninterest expense decreased by $4.5 million to $185.4 million for the third quarter from $189.9 million for the second quarter. The decrease was primarily due to a $5.1 million decrease in other expense due to a non-recurring software obsolescence charge taken during the second quarter and a $2.3 million decrease in insurance and assessments due to a lower FDIC assessment rate resulting from favorable mix. These decreases were offset partially by a $2.2 million increase in compensation expense primarily driven by one-time incentive plan adjustments in the second quarter and a $1.6 million increase in operating lease and customer related expenses.

Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025

Noninterest expense increased by $1.4 million to $556.6 million for the nine months ended September 30, 2026 from $555.2 million for the nine months ended September 30, 2025. The increase is primarily due to an $8.2 million increase in other expense related mainly to software obsolescence charges, a $7.8 million increase in insurance and assessments due to the higher assessment rate resulting from the balance sheet repositioning and its effect on assessment related metrics, and a $2.2 million increase in loan expense related to legal fees. These increases were offset partially by a $7.9 million decrease in customer related expenses primarily due to federal funds rate cuts in the fourth quarter of 2025 and a $3.6 million decrease in leased equipment depreciation.

Income Taxes

Third Quarter of 2026 Compared to Second Quarter of 2026

Income tax expense of $25.0 million was recorded for the third quarter, resulting in an effective tax rate of 23.1%, compared to an income tax benefit of $93.9 million and an effective tax rate of 28.0% for the second quarter. The second quarter tax rate reflects the effects of the Company's balance sheet repositioning actions. Due to the significant impact of these actions on projected annual earnings, in the second quarter, the Company began calculating its tax provision using a year-to-date effective tax rate approach rather than the estimated annual effective tax rate method. The decrease in the effective tax rate from the second quarter is due primarily to the tax benefits from LIHTC investments resulting from return-to-provision adjustments.

Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025

Income tax benefit of $45.1 million was recorded for the nine months ended September 30, 2026, resulting in an effective tax rate of 34.3%, compared to income tax expense of $61.7 million and effective tax rate of 28.9% for the same period in 2025. The increase in the effective tax rate from 2025 to 2026 is due primarily to the effects of the Company's balance sheet repositioning actions taken in the second quarter of 2026.

74

Balance Sheet Analysis

The following table provides a summary of our balance sheet highlights as of the dates indicated:

Balance Sheet Highlights			September 30, 2026						December 31, 2025						Increase (Decrease)
			(In thousands)
Cash and cash equivalents			$	2,168,707					$	2,307,965					$	(139,258)
Securities AFS			5,065,839						2,454,058						2,611,781
Securities HTM			—						2,308,636						(2,308,636)
Loans HFS			498,759						182,936						315,823
Loans and leases HFI			24,590,523						25,032,679						(442,156)
Total loans and leases			25,089,282						25,215,615						(126,333)
Total assets			34,965,495						34,797,442						168,053
Noninterest-bearing deposits			7,690,767						7,822,787						(132,020)
Total deposits			28,260,309						27,843,357						416,952
Borrowings			2,408,626						2,063,819						344,807
Subordinated debt			575,024						952,740						(377,716)
Total liabilities			31,616,666						31,256,165						360,501
Total stockholders' equity			3,348,829						3,541,277						(192,448)

The Company's September 30, 2026 balance sheet reflects the effects of several strategic balance sheet actions that occurred in the second quarter of 2026, including the repositioning of $2.3 billion of lower-yielding HTM securities, the transfer of $827.0 million of loans from HFI to HFS as part of the targeted loan sale process, and the retirement of $385.0 million of subordinated debt.

Securities Available-for-Sale

The following table presents the composition and durations of our AFS securities as of the dates indicated:

			September 30, 2026																		December 31, 2025
			Fair						% of						Duration						Fair						% of						Duration
Security Type			Value						Total						(in years)						Value						Total						(in years)
			(Dollars in thousands)
Agency residential CMOs			$	3,067,819					61		%				3.5						$	871,624					36		%				2.3
Agency residential MBS			718,355						14		%				7.2						834,085						34		%				7.6
Private label residential CMOs			393,765						8		%				4.7						228,975						9		%				4.4
Collateralized loan obligations			107,928						2		%				—						200,822						8		%				—
Corporate debt securities			193,846						4		%				0.9						241,596						10		%				1.0
Agency commercial MBS			343,613						7		%				3.1						50,966						2		%				3.2
Asset-backed securities			11,633						—		%				—						13,249						1		%				0.1
Private label commercial MBS			6,822						—		%				2.7						9,279						—		%				3.1
SBA securities			2,549						—		%				3.9						3,462						—		%				3.0
U.S. Treasury securities			219,509						4		%				2.3						—						—		%				—
Total securities AFS			$	5,065,839					100		%				3.9						$	2,454,058					100		%				4.0

AFS securities increased by $2.6 billion to $5.1 billion at September 30, 2026 compared to $2.5 billion at December 31, 2025, due primarily to the transfer of HTM securities to AFS of $2.3 billion in the second quarter of 2026 and purchases of $3.3 billion, offset partially by the sale of $2.3 billion, as part of the securities repositioning, $446.7 million of principal paydowns, $54.3 million of maturities, $177.6 million decrease in the fair value of AFS securities, and $3.5 million of net amortization. As of September 30, 2026, AFS securities had aggregate unrealized net after-tax losses in AOCI of $261.4 million, up from $136.6 million at December 31, 2025, driven by higher interest rates.

75

Securities Held-to-Maturity

The Company did not hold any securities classified as HTM as of September 30, 2026. The following table presents the composition and duration of our HTM securities as of December 31, 2025.

									December 31, 2025
																					Amortized						% of						Duration
Security Type																					Cost						Total						(in years)
																					(Dollars in thousands)
Municipal securities																					$	1,237,792					54		%				7.5
Agency commercial MBS																					447,283						19		%				5.1
Private label commercial MBS																					360,382						16		%				4.8
U.S. Treasury securities																					193,022						8		%				5.0
Corporate debt securities																					70,852						3		%				4.0
Total securities HTM																					$	2,309,331					100		%				6.3

Loans Held for Sale

As part of our management of the loans held in our portfolio, on occasion we will transfer loans from HFI to HFS. Total loans and leases HFS increased by $315.8 million to $498.8 million at September 30, 2026 compared to $182.9 million at December 31, 2025. The increase was primarily driven by the transfer of $827.0 million of CRE and multi-family construction loans from HFI to HFS in the second quarter of 2026 as part of the Company's targeted loan sale process, offset partially by $615.2 million of loan sales during the nine months ended September 30, 2026, including a majority of the targeted loan sales that closed during the period. The remaining targeted loan sales closed on October 21, 2026.

76

Loans and Leases Held for Investment

The following table presents the composition of our loans and leases HFI by loan portfolio segment, class, and subclass as of the dates indicated:

			September 30, 2026												December 31, 2025
									% of												% of
			Balance						Total						Balance						Total
			(Dollars in thousands)
Real Estate Mortgage:
Commercial real estate			$	3,086,685					12		%				$	3,259,164					13		%
SBA program			625,161						3		%				666,424						3		%
Hotel			286,837						1		%				389,049						1		%
Total commercial real estate mortgage			3,998,683						16		%				4,314,637						17		%
Multi-family			5,376,885						22		%				6,089,417						24		%
Residential mortgage			4,081,067						17		%				3,307,427						14		%
Investor-owned residential			14,943						—		%				32,567						—		%
Residential renovation			4,706						—		%				6,739						—		%
Total other residential real estate			4,100,716						17		%				3,346,733						14		%
Total real estate mortgage			13,476,284						55		%				13,750,787						55		%
Real Estate Construction and Land:
Commercial			358,696						1		%				379,387						2		%
Residential			1,116,075						5		%				1,568,240						6		%
Total real estate construction and land (1)			1,474,771						6		%				1,947,627						8		%
Commercial:
Lender finance			2,189,659						9		%				1,623,474						6		%
Equipment finance			622,418						3		%				674,714						3		%
Premium finance			277,704						1		%				447,939						2		%
Other asset-based			303,219						1		%				204,883						1		%
Total asset-based			3,393,000						14		%				2,951,010						12		%
Equity fund loans			1,375,284						6		%				1,320,297						5		%
Venture lending			994,267						4		%				901,800						4		%
Total venture capital			2,369,551						10		%				2,222,097						9		%
Warehouse lending			1,814,318						7		%				2,100,075						8		%
Secured business loans			610,778						2		%				806,597						3		%
Other lending			1,116,414						5		%				897,427						4		%
Total other commercial			3,541,510						14		%				3,804,099						15		%
Total commercial			9,304,061						38		%				8,977,206						36		%
Consumer			335,407						1		%				357,059						1		%
Total loans and leases HFI			$	24,590,523					100		%				$	25,032,679					100		%
Total unfunded loan commitments			$	5,565,774											$	5,433,357

 ________________________________

(1)    Includes land and acquisition and development loans of $182.4 million at September 30, 2026 and $214.5 million at December 31, 2025.

Our NDFI lending for loans HFI totaled $5.4 billion or 22.1% of total loans HFI, as of September 30, 2026, compared to $5.1 billion, or 20.5% of total loans HFI as of December 31, 2025, and is diversified across multiple asset classes, including warehouse lending, equity fund loans, and lender finance. The NDFI portfolio has a history of strong asset quality performance with no delinquencies, nonperforming loans, or classified loans for these respective periods.

77

The following table presents a roll forward of loans and leases HFI for the period indicated:

Roll Forward of Loans and Leases Held for Investment			Nine Months Ended September 30, 2026
			(In thousands)
Balance, beginning of period			$	25,032,679
Additions:
Production			3,272,697
Disbursements			4,285,259
Total production and disbursements			7,557,956
Reductions:
Payoffs			(2,521,464)
Paydowns			(4,322,464)
Total payoffs and paydowns			(6,843,928)
Sales			(85,011)
Transfers to foreclosed assets			(7,429)
Charge-offs			(196,868)
Transfers to loans HFS			(866,876)
Total reductions			(8,000,112)
Net decrease			(442,156)
Balance, end of period			$	24,590,523

Loan Concentrations

We mitigate loan concentration risk through disciplined underwriting and approval processes that consider borrower, industry, and collateral characteristics. All loan originations and renewals are individually reviewed, with larger exposures subject to credit committee oversight. Credit risk is actively managed through ongoing borrower monitoring, covenant compliance, independent credit review, and portfolio reviews designed to identify emerging credit risks.

Total real estate loans HFI were $15.0 billion, or 61%, of our loan portfolio at September 30, 2026 and consisted of $13.5 billion of real estate mortgage loans and $1.5 billion of real estate construction and land loans, compared to $15.7 billion, or 63%, of our total loan portfolio at December 31, 2025 and consisted of $13.8 billion of real estate mortgage loans and $1.9 billion of real estate construction and land loans. At September 30, 2026 and December 31, 2025, 70% and 71% of our real estate loans were collateralized by property in California, reflecting the concentration of our community banking operations within the state.

Allowance for Credit Losses on Loans and Leases Held for Investment

The ACL represents our estimate of CECL for loans and leases HFI and unfunded loan commitments as of the reporting date. The ACL is estimated under the CECL methodology, which incorporates historical credit loss experience, current conditions, and reasonable and supportable forecasts.

In estimating the ACL, we consider multiple forward‑looking economic scenarios, with scenario selection and weighting reflecting current economic conditions and downside risk over the reasonable and supportable forecast period. Expected losses revert to a through‑the‑cycle basis thereafter, and assumptions are reassessed quarterly based on portfolio composition, credit quality trends, and macroeconomic factors. Quantitative model outputs are supplemented by qualitative adjustments for risks not fully captured in the models, primarily related to CRE exposure, portfolio concentrations, and levels of adversely classified loans. As part of our ACL governance framework, we perform sensitivity analyses to assess the reasonableness of the allowance; however, due to the interrelated nature of key assumptions, the impact of changes in individual inputs cannot be isolated.

We believe the ACL appropriately reflects expected credit losses inherent in the portfolio as of the reporting date. Actual results may differ due to changes in economic conditions, portfolio mix, or borrower performance. For additional information regarding our ACL methodology and accounting policies, see "Note 1 – Nature of Operations and Summary of Significant Accounting Policies" in Item 8 of the Form 10‑K.

78

The following table presents information regarding the ACL on loans and leases HFI as of the dates indicated:

Allowance for Credit Losses Data			September 30, 2026						December 31, 2025
			(Dollars in thousands)
Allowance for loan and lease losses			$	234,428					$	245,612
Reserve for unfunded loan commitments			34,921						34,921
Total ACL			$	269,349					$	280,533
ACL to loans and leases HFI			1.10		%				1.12		%
ACL to nonaccrual loans and leases HFI			151.97		%				176.30		%

The following table presents the changes in our ACL on loans and leases HFI for the periods indicated:

			Three Months Ended												Nine Months Ended
Roll Forward of Allowance for Credit Losses			September 30,						June 30,						September 30,
on Loans and Leases Held for Investment			2026						2026						2026						2025
			(Dollars in thousands)
Balance, beginning of period			$	276,240					$	276,521					$	280,533					$	268,431
Provision for credit losses:
Addition to allowance for loan and lease losses			8,400						162,000						180,200						56,980
Addition to reserve for unfunded loan commitments			2,000						(2,000)						—						1,150
Total provision for credit losses			10,400						160,000						180,200						58,130
Loans and leases charged off:
Real estate mortgage			(13,145)						(77,833)						(96,352)						(24,324)
Real estate construction and land			—						(67,531)						(75,608)						(21,536)
Commercial			(5,254)						(15,104)						(22,095)						(21,227)
Consumer			(755)						(1,149)						(2,813)						(2,877)
Total loans and leases charged off			(19,154)						(161,617)						(196,868)						(69,964)
Recoveries on loans and leases charged off:
Real estate mortgage			1,088						90						1,980						2,212
Real estate construction and land			—						—						—						1,370
Commercial			722						921						2,950						10,224
Consumer			53						325						554						319
Total recoveries on loans and leases charged off			1,863						1,336						5,484						14,125
Net charge-offs			(17,291)						(160,281)						(191,384)						(55,839)
Balance, end of period			$	269,349					$	276,240					$	269,349					$	270,722
Annualized net charge-offs to average loans and leases			0.27		%				2.54		%				1.02		%				0.31		%

79

The following table presents charge-offs by loan portfolio segment, class, and subclass for the periods indicated:

			Three Months Ended												Nine Months Ended
			September 30,						June 30,						September 30,
Allowance for Credit Losses Charge-offs			2026						2026						2026						2025
			(In thousands)
Real Estate Mortgage:
Commercial real estate			$	11,055					$	2,542					$	13,597					$	17,411
SBA program			65						5						70						634
Hotel			—						6,404						11,504						—
Total commercial real estate mortgage			11,120						8,951						25,171						18,045
Multi-family			1,752						68,249						70,001						3,275
Residential mortgage			—						—						71						849
Investor-owned residential			14						619						647						1,698
Residential renovation			259						14						462						457
Total other residential real estate			273						633						1,180						3,004
Total real estate mortgage			13,145						77,833						96,352						24,324
Real Estate Construction and Land:
Commercial			—						—						8,077						21,536
Residential			—						67,531						67,531						—
Total real estate construction and land			—						67,531						75,608						21,536
Commercial:
Venture lending			—						14,400						14,400						5,257
Total venture capital			—						14,400						14,400						5,257
Secured business loans			4,041						—						5,467						4,265
Other lending			1,213						704						2,228						11,705
Total other commercial			5,254						704						7,695						15,970
Total commercial			5,254						15,104						22,095						21,227
Consumer			755						1,149						2,813						2,877
Total charge-offs			$	19,154					$	161,617					$	196,868					$	69,964

80

The following table presents recoveries by portfolio segment, class, and subclass for the periods indicated:

			Three Months Ended												Nine Months Ended
			September 30,						June 30,						September 30,
Allowance for Credit Losses Recoveries			2026						2026						2026						2025
			(In thousands)
Real Estate Mortgage:
Commercial real estate			$	14					$	14					$	500					$	1,843
SBA program			336						62						488						252
Total commercial real estate mortgage			350						76						988						2,095
Multi-family			692						—						692						—
Residential mortgage			8						7						176						22
Investor-owned residential			36						7						92						9
Residential renovation			2						—						32						86
Total other residential real estate			46						14						300						117
Total real estate mortgage			1,088						90						1,980						2,212
Real Estate Construction and Land:
Commercial			—						—						—						1,370
Total real estate construction and land			—						—						—						1,370
Commercial:
Premium finance			—						—						2						15
Other asset-based			50						100						708						1,488
Total asset-based			50						100						710						1,503
Venture lending			14						23						50						283
Total venture capital			14						23						50						283
Secured business loans			191						458						892						2,711
Other lending			467						340						1,298						5,727
Total other commercial			658						798						2,190						8,438
Total commercial			722						921						2,950						10,224
Consumer			53						325						554						319
Total recoveries			$	1,863					$	1,336					$	5,484					$	14,125

81

Credit Quality

Nonperforming Assets, Classified Loans and Leases, and Special Mention Loans and Leases

The following table presents information on our nonperforming assets, classified loans and leases, and special mention loans and leases as of the dates indicated:

			September 30, 2026						December 31, 2025
			(Dollars in thousands)
Nonaccrual loans and leases HFI			$	177,233					$	159,168
Accruing loans contractually past due 90 days or more			—						—
Total nonperforming loans and leases			177,233						159,168
Foreclosed assets, net			21,460						17,115
Total nonperforming assets			$	198,693					$	176,283
Classified loans and leases HFI			$	507,368					$	800,330
Special mention loans and leases HFI			352,144						458,683
Criticized loans and leases HFI			$	859,512					$	1,259,013
Nonaccrual loans and leases HFI to loans and leases HFI			0.72		%				0.64		%
Nonperforming assets to loans and leases HFI and foreclosed assets, net			0.81		%				0.70		%
ACL to nonaccrual loans and leases HFI			151.97		%				176.25		%
Classified loans and leases HFI to loans and leases HFI			2.06		%				3.20		%
Special mention loans and leases HFI to loans and leases HFI			1.43		%				1.83		%

Nonaccrual Loans and Leases Held for Investment

The following table presents our nonaccrual loans and leases HFI and accruing loans and leases past due between 30 and 89 days by loan portfolio segment and class as of the dates indicated:

			September 30, 2026												December 31, 2025												Increase (Decrease)
									Accruing												Accruing												Accruing
									and 30-89												and 30-89												and 30-89
			Nonaccrual						Days Past Due						Nonaccrual						Days Past Due						Nonaccrual						Days Past Due
			(In thousands)
Real estate mortgage:
Commercial			$	88,083					$	—					$	93,334					$	1,124					$	(5,251)					$	(1,124)
Multi-family			6,755						—						3,358						32,887						3,397						(32,887)
Other residential			62,613						22,948						57,984						28,614						4,629						(5,666)
Total real estate mortgage			157,451						22,948						154,676						62,625						2,775						(39,677)
Real estate construction and land:
Residential			2,385						—						—						26,540						2,385						(26,540)
Total real estate construction and land			2,385						—						—						26,540						2,385						(26,540)
Commercial:
Asset-based			—						54						—						1,142						—						(1,088)
Venture capital			14,398						—						625						—						13,773						—
Other commercial			1,961						1,233						2,510						788						(549)						445
Total commercial			16,359						1,287						3,135						1,930						13,224						(643)
Consumer			1,038						2,212						1,357						1,933						(319)						279
Total HFI			$	177,233					$	26,447					$	159,168					$	93,028					$	18,065					$	(66,581)

82

Nonperforming loans and leases HFI increased by $18.1 million to $177.2 million at September 30, 2026 compared to $159.2 million at December 31, 2025, due mainly to additions of $515.5 million, offset partially by transfers to loans HFS of $303.0 million, charge-offs of $114.9 million, principal and other reductions of $64.2 million, and transfers to accrual status of $15.3 million. As of September 30, 2026, three of our largest loan relationships on nonaccrual status had an aggregate carrying value of $54.8 million and represented 31% of total nonaccrual loans and leases.

Loans and leases accruing and 30-89 days past due decreased by $66.6 million to $26.4 million as of September 30, 2026 compared to $93.0 million at December 31, 2025, due mainly to decreases of $32.9 million in multi-family real estate mortgage delinquent loans and $26.5 million in residential real estate construction and land delinquent loans.

Foreclosed Assets, Net

The following table presents foreclosed assets (primarily OREO), net of the valuation allowance, by property type as of the dates indicated:

Property Type			September 30, 2026						December 31, 2025
			(In thousands)
Commercial real estate			$	2,231					$	—
Single-family residential			19,209						17,095
Total OREO, net			21,440						17,095
Other foreclosed assets			20						20
Total foreclosed assets, net			$	21,460					$	17,115

Foreclosed assets increased by $4.3 million to $21.5 million at September 30, 2026 compared to $17.1 million at December 31, 2025, due mainly to transfers from loans of $7.6 million, offset partially by sales of $3.1 million and a provision for losses on OREO of $0.1 million.

Classified and Special Mention Loans and Leases Held for Investment

The following table presents the credit risk ratings of our loans and leases HFI as of the dates indicated:

Loan and Lease Credit Risk Ratings			September 30, 2026						December 31, 2025
			(In thousands)
Pass			$	23,731,011					$	23,773,666
Special mention			352,144						458,683
Classified			507,368						800,330
Total loans and leases HFI			$	24,590,523					$	25,032,679

Special mention and classified loans and leases were impacted by the transfer of $827.0 million of loans from HFI to HFS in the second quarter of 2026 as part of the Company's targeted loan sale process.

83

The following table presents the classified and special mention credit risk rating categories for loans and leases HFI by loan portfolio segment and class and the related net changes as of the dates indicated:

			September 30, 2026												December 31, 2025												Increase (Decrease)
									Special												Special												Special
			Classified						Mention						Classified						Mention						Classified						Mention
			(In thousands)
Real estate mortgage:
Commercial			$	202,087					$	101,960					$	297,606					$	126,998					$	(95,519)					$	(25,038)
Multi-family			148,748						83,573						166,385						216,286						(17,637)						(132,713)
Other residential			62,613						—						58,202						—						4,411						—
Total real estate mortgage			413,448						185,533						522,193						343,284						(108,745)						(157,751)
Real estate construction and land:
Commercial			—						—						52,828						—						(52,828)						—
Residential			2,385						48,565						2,982						10,714						(597)						37,851
Total real estate construction and land			2,385						48,565						55,810						10,714						(53,425)						37,851
Commercial:
Asset-based			5,155						7,227						36,732						7,180						(31,577)						47
Venture capital			75,950						85,196						171,847						64,577						(95,897)						20,619
Other commercial			9,392						22,008						12,143						27,689						(2,751)						(5,681)
Total commercial			90,497						114,431						220,722						99,446						(130,225)						14,985
Consumer			1,038						3,615						1,605						5,239						(567)						(1,624)
Total			$	507,368					$	352,144					$	800,330					$	458,683					$	(292,962)					$	(106,539)

Classified loans and leases decreased by $293.0 million to $507.4 million at September 30, 2026 compared to $800.3 million at December 31, 2025, primarily reflecting the transfer of certain loans to HFS in the second quarter of 2026 as part of the Company's targeted loan sale process. The decline was concentrated in venture capital loans, CRE mortgage loans, CRE construction and land loans, and asset-based loans, which decreased by $95.9 million, $95.5 million, $52.8 million, and $31.6 million, respectively.

Special mention loans and leases decreased by $106.5 million to $352.1 million at September 30, 2026 compared to $458.7 million at December 31, 2025, primarily reflecting the targeted loan sale transfer in the second quarter of 2026. The largest decreases occurred in multi-family real estate mortgage loans, which declined by $132.7 million.

84

Deposits

The following table presents the composition of our deposits portfolio by account type as of the dates indicated:

			September 30, 2026												December 31, 2025
Deposit Type			Balance						% of Total						Balance						% of Total						Increase (Decrease)
			(Dollars in thousands)
Noninterest-bearing checking			$	7,690,767					27		%				$	7,822,787					28		%				$	(132,020)
Interest-bearing:
Checking			9,024,086						32		%				8,509,587						30		%				514,499
Money market			5,718,773						20		%				4,917,857						18		%				800,916
Savings			1,862,512						7		%				1,905,863						7		%				(43,351)
Time:
Non-brokered			2,006,617						7		%				2,254,293						8		%				(247,676)
Brokered			1,957,554						7		%				2,432,970						9		%				(475,416)
Total time deposits			3,964,171						14		%				4,687,263						17		%				(723,092)
Total interest-bearing			20,569,542						73		%				20,020,570						72		%				548,972
Total deposits			$	28,260,309					100		%				$	27,843,357					100		%				$	416,952

Total deposits increased by $417.0 million to $28.3 billion at September 30, 2026 compared to $27.8 billion at December 31, 2025. The increase in total deposits was due primarily to higher balances in money market accounts of $800.9 million and higher checking accounts of $514.5 million, offset partially by lower brokered and non-brokered time deposits of $723.1 million, lower noninterest-bearing checking accounts of $132.0 million, and lower savings accounts of $43.4 million. At September 30, 2026, noninterest-bearing deposits totaled $7.7 billion, or 27%, of total deposits, and interest-bearing deposits totaled $20.6 billion, or 73%, of total deposits, compared to noninterest-bearing deposits of $7.8 billion, or 28% of total deposits, and interest-bearing deposits of $20.0 billion, or 72% of total deposits, at December 31, 2025.

The following table presents time deposits based on the $250,000 FDIC insured limit as of the dates indicated:

			September 30, 2026												December 31, 2025
									% of Total												% of Total
Time Deposits			Balance						Deposits						Balance						Deposits
			(Dollars in thousands)
Time deposits $250,000 and under			$	3,078,694					11		%				$	3,669,523					13		%
Time deposits over $250,000			885,477						3		%				1,017,740						4		%
Total time deposits			$	3,964,171					14		%				$	4,687,263					17		%

As of September 30, 2026, FDIC-insured deposits represented approximately 72% of total deposits, up from 71% as of December 31, 2025.

85

The following table summarizes the maturities of time deposits as of the date indicated:

			Time Deposits
September 30, 2026			$250,000 and Under						Over $250,000						Total
			(In thousands)
Maturities:
Due in three months or less			$	1,483,081					$	295,421					$	1,778,502
Due in over three months through six months			838,402						254,498						1,092,900
Due in over six months through 12 months			677,190						270,917						948,107
Total due within 12 months			2,998,673						820,836						3,819,509
Due in over 12 months through 24 months			75,057						60,756						135,813
Due in over 24 months			4,964						3,885						8,849
Total due over 12 months			80,021						64,641						144,662
Total			$	3,078,694					$	885,477					$	3,964,171

Client Investment Funds

In addition to deposit products, we also offer alternative, non-depository corporate treasury solutions for clients to invest excess liquidity. These off-balance sheet client funds totaled $1.0 billion at September 30, 2026 and $1.2 billion at December 31, 2025.

Borrowings

The following table summarizes our borrowings as of the dates indicated:

			September 30, 2026												December 31, 2025
									Weighted Average												Weighted Average
			Balance						Rate						Balance						Rate
			(Dollars in thousands)
FHLB secured advances			$	2,300,000					4.21		%				$	1,710,185					3.90		%
Other short-term borrowings			—						—		%				240,000						3.69		%
Credit-linked notes			108,626						14.47		%				113,634						14.63		%
Total borrowings, net			$	2,408,626					4.67		%				$	2,063,819					4.47		%

Borrowings increased by $344.8 million to $2.4 billion at September 30, 2026 compared to $2.1 billion at December 31, 2025, due to higher FHLB secured advances. We utilized these borrowings to manage liquidity needs, including, but not limited to, funding asset growth, accommodating liability maturities and deposit withdrawals, and supporting business operations.

Subordinated Debt

Subordinated debt decreased to $575.0 million at September 30, 2026 compared to $952.7 million at December 31, 2025, driven primarily by the redemption of the $385 million subordinated debt in the second quarter of 2026. At September 30, 2026, $131.0 million of subordinated debt was included in the Company's Tier 1 capital and $413.8 million was included in Tier 2 capital.

86

Regulatory Matters

Capital

Bank regulatory agencies measure capital adequacy through standardized risk-based capital guidelines that compare different levels of capital (as defined by such guidelines) to risk-weighted assets and off-balance sheet obligations.

Regulatory capital requirements limit the amount of DTAs that may be included when determining the amount of regulatory capital. DTA amounts in excess of the calculated limit are disallowed from regulatory capital. At September 30, 2026, such disallowed amounts were $293.9 million for the Company and $264.3 million for the Bank. No assurance can be given that the regulatory capital DTA limitation will not increase in the future or that the Company and the Bank will not have increased DTAs that are disallowed.

Basel III currently requires all banking organizations to maintain a 2.50% capital conservation buffer above the minimum risk-based capital requirements to avoid certain limitations on capital distributions, stock repurchases and discretionary bonus payments to executive officers. The capital conservation buffer is exclusively comprised of CET1 capital, and it applies to each of the three risk-based capital ratios but not to the leverage ratio. Effective January 1, 2019, the CET1, Tier 1, and Total capital ratio minimums inclusive of the capital conservation buffer were 7.00%, 8.50%, and 10.50%. At September 30, 2026, the Company and the Bank were in compliance with the capital conservation buffer requirements.

The following tables present a comparison of our actual capital ratios to the minimum required ratios and well capitalized ratios as of the dates indicated:

															Minimum Required
															For Capital Adequacy						For Capital Conservation						For Well Capitalized
			September 30, 2026						December 31, 2025						Purposes						Buffer						Classification
Banc of California, Inc.:
Tier 1 leverage capital ratio			9.14%						9.99%						4.00%						N/A						N/A
CET1 capital ratio			9.70%						10.01%						4.50%						7.00%						N/A
Tier 1 capital ratio			12.10%						12.34%						6.00%						8.50%						6.00%
Total capital ratio			14.71%						16.31%						8.00%						10.50%						10.00%
Banc of California:
Tier 1 leverage capital ratio			9.77%						10.65%						4.00%						N/A						5.00%
CET1 capital ratio			12.94%						13.15%						4.50%						7.00%						6.50%
Tier 1 capital ratio			12.94%						13.15%						6.00%						8.50%						8.00%
Total capital ratio			13.97%						15.61%						8.00%						10.50%						10.00%

The Company's consolidated risk-based capital ratios and Tier 1 leverage ratio decreased during the nine months ended September 30, 2026 due mainly to the effect of the strategic balance sheet actions taken during the second quarter of 2026.

Dividends on Common Stock and Interest on Subordinated Debt

As a bank holding company, Banc of California, Inc. is required to notify and receive approval from the FRB prior to declaring and paying a dividend to common stockholders during any period in which quarterly and/or cumulative twelve-month net earnings are insufficient to fund the dividend amount, among other requirements. Interest payments made on subordinated debt are considered dividend payments under FRB regulations. We may not pay a dividend if the FRB objects or until such time as we receive approval from the FRB or we no longer need to provide notice under applicable regulations. The Company currently is required to receive FRB approval to declare or pay a dividend to stockholders. Further, if the Company defaults or elects to defer the interest payments on its subordinated debt, it is restricted from paying dividends on its Series F preferred and common stock.

87

Dividends on Preferred Stock

The Company's ability to pay dividends on the Series F preferred stock depends on the ability of the Bank to pay dividends to the holding company. The ability of the Company and the Bank to pay dividends in the future is subject to bank regulatory requirements, including capital regulations and policies established by the FRB and the DFPI, as applicable. Dividends on the Series F preferred stock will not be declared, paid, or set aside for payment to the extent such act would cause us to fail to comply with applicable laws and regulations, including applicable FRB capital adequacy regulations and policies.

Dividends on the Series F preferred stock are not cumulative or mandatory. If the Company's Board of Directors does not declare a dividend on the Series F preferred stock in respect of a dividend period, then no dividend shall be deemed to be payable for such dividend period or be cumulative, and the Company will have no obligation to pay any dividend for that dividend period, whether or not the Board of Directors declares a dividend on the Series F preferred stock or any other class or series of its capital stock for any future dividend period. However, if dividends on the Series F preferred stock have not been declared or paid for the equivalent of six dividend payments, whether or not for consecutive dividend periods, holders of the outstanding shares of Series F preferred stock, together with holders of any other series of the Company's preferred stock ranking equal with the Series F preferred stock with similar voting rights, will generally be entitled to vote for the election of two additional directors. Additionally, so long as any share of Series F preferred stock remains outstanding, unless dividends on all outstanding shares of Series F preferred stock for the most recently completed dividend period have been paid in full or declared and a sum sufficient for the payment thereof has been set aside for payment, no dividend shall be declared or paid or set aside for payment and no distribution shall be declared or made or set aside for payment on the Company's common stock.

Liquidity

Liquidity Management

Liquidity is the ongoing ability to accommodate liability maturities and deposit withdrawals, fund asset growth and business operations, and meet contractual obligations through unconstrained access to funding at reasonable market rates. Liquidity management involves forecasting funding requirements and maintaining sufficient capacity to meet the needs and accommodate fluctuations in asset and liability levels due to changes in the Company’s business operations or unanticipated events.

We have a Management Finance Committee ("MFC") that is comprised of members of senior management and is responsible for managing commitments to meet the needs of customers while achieving our financial objectives. MFC meets regularly to review funding capacities, current and forecasted loan demand, and investment opportunities.

We manage our liquidity by maintaining pools of liquid assets on-balance sheet, consisting of cash and receivables due from banks, interest-earning deposits in other financial institutions, and unpledged AFS securities, which we refer to as our primary liquidity. We also maintain available borrowing capacity under secured credit lines with the FHLB and the FRBSF, which we refer to as our secondary liquidity.

As a member of the FHLB, the Bank had secured borrowing capacity with the FHLB of $6.8 billion at September 30, 2026, offset partially by $658.5 million pledged for letters of credit and a balance outstanding of $2.3 billion as of that date. The FHLB secured credit line was collateralized by a blanket lien on $9.8 billion of certain qualifying loans. The Bank also had secured borrowing capacity with the FRBSF under the Discount Window program totaling $4.9 billion at September 30, 2026, all of which was unused and available. The FRBSF Discount Window secured credit line was collateralized by liens on $6.1 billion of qualifying loans and $290.4 million of pledged securities.

In addition to its secured lines of credit with the FHLB and FRBSF, the Bank also had credit limits of $190.0 million in the aggregate with several commercial banks, as well as borrowing arrangements with unaffiliated financial institutions that provide for the purchase of overnight funds or other short-term borrowings. The availability of these unsecured borrowings fluctuates regularly and is subject to the discretion of the counterparties. As of September 30, 2026, the Bank had no balance outstanding under these arrangements. Additionally, the holding company has a $100.0 million unsecured revolving line of credit. As of September 30, 2026, there was no balance outstanding.

88

The following tables provide a summary of the Company's primary and secondary liquidity levels at the dates indicated:

Primary Liquidity - On-Balance Sheet			September 30, 2026						December 31, 2025
			(Dollars in thousands)
Cash and due from banks			$	293,680					$	181,103
Interest-earning deposits in financial institutions			1,875,027						2,126,862
Total cash, cash equivalents, and restricted cash			2,168,707						2,307,965
Less: Restricted cash			(175,293)						(170,229)
Add: Securities AFS, at fair value			5,065,839						2,454,058
Less: Pledged securities AFS, at fair value			(943,055)						(3,463)
Less: Haircut on securities AFS			(210,503)						(183,265)
Total primary liquidity			$	5,905,695					$	4,405,066
Ratio of primary liquidity to total assets			16.9		%				12.7		%

Secondary Liquidity - Off-Balance Sheet
Available Secured Borrowing Capacity			September 30, 2026						December 31, 2025
			(In thousands)
Total secured borrowing capacity with the FHLB			$	6,773,723					$	6,949,898
Less: Letters of credit			(658,492)						(514,091)
Less: Secured advances outstanding			(2,300,000)						(1,710,185)
Available secured borrowing capacity with the FHLB			3,815,231						4,725,622
Available secured borrowing capacity with the FRBSF			4,870,871						5,044,040
Total secondary liquidity			$	8,686,102					$	9,769,662

The Company's primary liquidity increased by $1.5 billion to $5.9 billion at September 30, 2026 compared to $4.4 billion at December 31, 2025, due mainly to an increase of $2.6 billion in AFS securities, offset partially by a decrease of $139.3 million in total cash and cash equivalents. Prior to the strategic balance sheet actions that occurred in the second quarter of 2026, we also included certain unencumbered HTM securities in our internal liquidity stress test buffer which are not included in our primary liquidity. The Company's secondary liquidity decreased by $1.1 billion to $8.7 billion at September 30, 2026 compared to $9.8 billion at December 31, 2025, due to a decrease in the available secured borrowing capacity with the FRB of $173.2 million and a decrease in available borrowing capacity at the FHLB of $910.4 million. At September 30, 2026, total available liquidity was $14.6 billion, which exceeded uninsured and uncollateralized deposits of $7.3 billion.

Obtaining new customer deposits or having existing customers increase their deposit balances with us, are primary sources of funding for our operations and is one of the highest priorities of the Company. See "Balance Sheet Analysis - Deposits" for additional information and detail of our deposits. Additionally, we fund our operations with cash flows from our loan and securities portfolios.

Our deposit balances may decrease if customers withdraw funds from the Bank. In order to address the Bank’s liquidity risk from fluctuating deposit balances, the Bank maintains adequate levels of available liquidity on and off the balance sheet.

We use brokered deposits, the availability of which is uncertain and subject to competitive market forces and regulations, for liquidity management purposes. At September 30, 2026, brokered deposits totaled $2.4 billion, consisting of $2.0 billion of brokered time deposits and $485.2 million of non-maturity brokered accounts. At December 31, 2025, brokered deposits totaled $2.9 billion, consisting of $2.4 billion of brokered time deposits and $480.0 million of non-maturity brokered accounts.

Our Liquidity Management Policy establishes guidelines aligned with the Company's Risk Appetite Framework and includes a range of liquidity and funding concentration metrics designed to monitor balance sheet strength, funding stability, and available liquidity resources. These measures incorporate assessments of on-balance sheet liquidity, contingent funding capacity, and the composition of funding sources. As of September 30, 2026, the Bank maintained liquidity resources designed to support its ongoing funding needs and balance sheet objectives.

89

Holding Company Liquidity

Banc of California, Inc. acts as a source of financial strength for the Bank which can also include being a source of liquidity. The primary sources of liquidity for the holding company include dividends from the Bank, intercompany tax payments from the Bank, and Banc of California, Inc.'s ability to raise capital, issue subordinated and senior debt, and secure outside borrowings. Banc of California, Inc.'s ability to obtain funds for the payment of dividends to our stockholders, the repurchase of shares of common stock and preferred stock, and other cash requirements is largely dependent upon the Bank’s earnings. The Bank is subject to restrictions under certain federal and state laws and regulations that limit its ability to transfer funds to the holding company through intercompany loans, advances, or cash dividends. Banc of California, Inc.'s ability to pay dividends is also subject to the restrictions set forth by the FRB, and by certain covenants contained in our subordinated debt. See "Regulatory Matters - Dividends on Preferred Stock" for information regarding the payment of dividends on the Series F preferred stock.

On December 23, 2024, Banc of California, Inc. entered into an unsecured revolving line of credit agreement as a borrower for $50.0 million. On March 17, 2025, the Company executed an amendment to the credit agreement that increased the Company's unsecured revolving line of credit to $100.0 million. As of September 30, 2026 and December 31, 2025, there was no balance outstanding.

On March 23, 2026, we announced the extension of the Company’s existing $300 million stock repurchase program, which had been scheduled to expire in March 2026, through March 16, 2027. During the first quarter of 2026, the Company repurchased a total of approximately 1.7 million shares of common and common equivalent stock for $31.9 million, at a weighted-average price of $18.68 per share. There were no additional repurchases during the second or third quarters of 2026. As of September 30, 2026, the Company had $82.6 million remaining under the stock repurchase authorization. For further information on the stock repurchase program, see "Note 14. Stockholders' Equity", in Item 1 of this Form 10-Q.

At September 30, 2026, Banc of California, Inc. had $164.4 million in cash and cash equivalents, of which a substantial amount was on deposit at the Bank. We believe this amount of cash, along with anticipated future dividends from the Bank, will be sufficient to fund the holding company’s cash flow needs over the next 12 months.

Commitments and Contingencies

Our obligations also include off-balance sheet arrangements consisting of loan commitments, of which only a portion is expected to be funded, and standby letters of credit. At September 30, 2026, our loan commitments and standby letters of credit were $5.6 billion and $259.8 million. The loan commitments, a portion of which will eventually result in funded loans, increase our profitability through NII when drawn and unused commitment fees prior to being drawn. We manage our overall liquidity taking into consideration funded and unfunded commitments as a percentage of our liquidity sources. Our liquidity sources, as described in "Liquidity - Liquidity Management," have been and are expected to be sufficient to meet the cash requirements of our lending activities. For further information on loan commitments, see "Note 10. Commitments and Contingencies", in Item 1 of this Form 10-Q.

90

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

This analysis should be read in conjunction with text under the caption "Quantitative and Qualitative Disclosures About Market Risk" in our Annual Report on Form 10-K for the year ended December 31, 2025, which text is incorporated herein by reference. Our analysis of market risk and market-sensitive financial information contains forward-looking statements and is subject to the disclosure at the beginning of Item 2 regarding such forward-looking information.

Market Risk - Foreign Currency Exposure

We enter into foreign exchange contracts with our clients and counterparty banks primarily for the purpose of offsetting or hedging clients' foreign currency exposures arising out of commercial transactions, and we enter into cross currency swaps and foreign exchange forward contracts to hedge exposures to loans and debt instruments denominated in foreign currencies. We have experienced and will continue to experience fluctuations in our net earnings as a result of transaction gains or losses related to revaluing certain asset and liability balances that are denominated in currencies other than the U.S. Dollar and the derivatives that hedge those exposures. As of September 30, 2026, the U.S. Dollar notional amounts of loans receivable and subordinated debt payable denominated in foreign currencies were $72.9 million and $29.2 million, and the U.S. Dollar notional amounts of derivatives outstanding to hedge these foreign currency exposures were $74.1 million and $29.9 million. We recognized a foreign currency translation net gain of $1.9 million for the nine months ended September 30, 2026 and a foreign currency translation net gain of $18 thousand for the nine months ended September 30, 2025.

Asset/Liability Management and Interest Rate Sensitivity

Interest Rate Risk - Company Governance. On at least a quarterly basis, we measure our IRR position using two methods: (i) NII simulation analysis and (ii) EVE modeling. The Management Finance Committee ("MFC") and the Finance Committee of the Company's Board of Directors review the results of these analyses at least quarterly. As discussed in more detail below, if projected changes to interest rates cause changes to our simulated net present value of equity and/or NII to be outside our pre-established IRR limits, we may adjust our asset and liability mix in an effort to bring our IRR exposure within our established limits.

The pre-established IRR limits are recommended by management, determined based on analytical review and available peer data published by regulatory agencies about the IRR limits utilized by other regional banks, and documented in the Company's Asset Liability Management Policy. The policy is approved by MFC and the Finance Committee of the Board of Directors annually. We believe our IRR limits are consistent with prevailing practice in the regional banking industry.

We use a balance sheet simulation model (the "IRR Model") to estimate changes in NII and EVE that would result from immediate and sustained changes in interest rates as of the measurement date. This IRR Model assesses the changes in NII and EVE that would occur in response to an instantaneous and sustained increase and decrease in market interest rates of +-100, +-200, +-300, and +-400 basis points. This model is an IRR management tool, and the results are not necessarily an indication of our future NII. The IRR Model has inherent limitations and the model's results are based on a given set of rate changes and assumptions at a single point in time.

The IRR Model is updated at least quarterly, and the IRR Model results are reported to MFC and the Finance Committee of the Company's Board of Directors at each monthly or quarterly meeting, as applicable.

Our Risk When Interest Rates Change. The rates of interest we earn on assets and pay on liabilities generally are established contractually for a period of time, except for non-maturity deposits. Market interest rates change over time. Accordingly, our results of operations, like those of other financial institutions, are impacted by changes in interest rates and the interest rate sensitivity of our assets and liabilities. The risk associated with changes in interest rates and our ability to adapt to these changes is known as IRR and is our most significant market risk.

How We Measure Our Risk of Interest Rate Changes. As part of our attempt to manage our exposure to changes in interest rates and comply with applicable regulations, we have established asset/liability committees to monitor our IRR. In monitoring IRR, we continually analyze and manage assets and liabilities based on their payment streams and interest rates, the timing of their maturities and/or prepayments, and their sensitivity to actual or potential changes in market interest rates.

91

The MFC is comprised of select members of senior management. The Company also has a Finance Committee of the Boards of Directors of the Company and the Bank (together with MFC, the “ALCOs”). In order to manage the risk of potential adverse effects of material and prolonged or volatile changes in interest rates on our results of operations, we have adopted asset/liability management policies to align maturities and repricing terms of interest-earning assets to interest-bearing liabilities. The asset/liability management policies establish guidelines for the volume and mix of assets and funding sources taking into account relative costs and spreads, interest rate sensitivity and liquidity needs, while management monitors adherence to those guidelines with oversight by the ALCOs. The objectives are to manage assets and funding sources to produce results that are consistent with liquidity, capital adequacy, growth, risk, and profitability goals. The ALCOs meet no less than quarterly to review, among other things, economic conditions and interest rate outlook, current and projected liquidity needs and capital position, anticipated changes in the volume and mix of assets and liabilities and IRR exposure limits versus current projections pursuant to our EVE analysis.

In order to manage our assets and liabilities and achieve the desired liquidity, credit quality, IRR, profitability, and capital targets, we evaluate various strategies. These include complementing our current loan origination platform through strategic acquisitions of whole loans, strategically managing multiple warehouse relationships, and originating shorter-term consumer loans. We also actively manage the level of investments and duration of investment securities and focus on establishing stable deposit relationships. Additionally, we utilize certain derivatives such as interest rate swaps and collars as hedges to align maturities and repricing terms.

At times, depending on the level of general interest rates, the relationship between long- and short-term interest rates, market conditions and competitive factors, the ALCOs may decide to increase our IRR position within the asset/liability tolerance set forth by our Board of Directors. As part of their procedures, the ALCOs regularly review IRR by forecasting the impact of alternative interest rate environments on NII and our EVE.

Interest Rate Sensitivity of Economic Value of Equity and Net Interest Income

IRR results from our banking activities and is the primary market risk for us. IRR is caused by the following factors:

•Repricing risk - timing differences in the repricing and maturity of interest-earning assets and interest-bearing liabilities;

•Option risk - changes in the expected maturities of assets and liabilities, such as borrowers’ ability to prepay loans and depositors’ ability to redeem certificates of deposit before maturity;

•Yield curve risk - changes in the yield curve where interest rates increase or decrease in a nonparallel fashion; and

•Basis risk - changes in spread relationships between different yield curves, such as U.S. Treasuries, U.S. Prime Rate, and SOFR.

Since our earnings are primarily dependent on our ability to generate NII, we focus on actively monitoring and managing the effects of adverse changes in interest rates on our NII. Management of our IRR is overseen by the Finance Committee of the Boards of Directors of the Company and Bank, which delegates the day-to-day management of IRR to the MFC. MFC ensures that the Bank is following the appropriate and current regulatory guidance in the formulation and implementation of our IRR program. The Finance Committee of the Boards of Directors of the Company and the Bank reviews the results of our IRR modeling at least quarterly to ensure that we have appropriately measured our IRR, mitigated our exposures appropriately and any residual risk is acceptable. In addition to our annual review of our Asset Liability Management policy, our Board of Directors periodically reviews the IRR policy limits.

IRR management is an ongoing process that monitors loan and deposit flows, along with investment and funding activities. Effective IRR management begins with understanding the repricing characteristics of our assets and liabilities and estimating an appropriate risk posture based on forecasts, objectives, market expectations, and policy constraints.

IRR exposure is measured using several tools, including a simulation model that performs interest rate sensitivity under multiple scenarios. The model reflects the actual maturities and re-pricing characteristics of interest rate-sensitive assets and liabilities and includes instantaneous parallel interest rate shocks. Results are evaluated using two metrics: NII at Risk and EVE. NII at Risk estimates the impact of rate changes on NII using assumptions for assets, liabilities, and derivatives.

The NII simulation estimates changes in NII over the next twelve months from immediate and sustained rate changes as of September 30, 2026. The analysis assumes a static balance sheet with no growth or product mix changes. This model is a risk management tool and does not necessarily predict future NII.

EVE measures the present value of assets minus liabilities and assesses changes in the economic value under various interest rate scenarios. Unlike the NII approach, EVE captures the impact of all anticipated cash flows and provides a longer-term perspective.

92

A balance sheet is considered “asset sensitive” when an increase in short-term interest rates is expected to expand our NII, as rates earned on our interest-earning assets reprice higher at a pace faster than rates paid on our interest-bearing liabilities. Conversely, the balance sheet is considered “liability sensitive” when an increase in short-term interest rates is expected to compress our NII, as rates paid on our interest-bearing liabilities reprice higher at a pace faster than rates earned on our interest-earning assets.

At both September 30, 2026 and December 31, 2025, our IRR profile remained close to "neutral." This position reflects our balanced composition of repricing assets and beta-adjusted repricing deposits and other interest-bearing liabilities over the course of the next twelve months. Given the uncertainty of the magnitude, timing, and direction of future interest rate movements, as well as the shape of the yield curve, actual results may vary materially from those predicted by our model.

The following table presents the projected change in the Company’s EVE at September 30, 2026 and NII over the next twelve months, which would occur upon an immediate change in interest rates, but without giving effect to any steps that management might take to counteract that change:

			Change in Interest Rates in Basis Points (bps) (1)
			Economic Value of Equity																		Net Interest Income
									Amount						Percentage												Amount						Percentage
September 30, 2026			Amount						Change						Change						Amount						Change						Change
			(Dollars in millions)
+200 bps			$	4,868					$	(529)					(9.8)		%				$	1,135					$	1					0.1		%
+100 bps			$	5,210					$	(186)					(3.5)		%				$	1,137					$	4					0.3		%
0 bps			$	5,396																	$	1,134
-100 bps			$	5,515					$	118					2.2		%				$	1,129					$	(4)					(0.4)		%
-200 bps			$	5,510					$	114					2.1		%				$	1,128					$	(6)					(0.5)		%

____________________

(1)Assumes an instantaneous uniform change in interest rates at all maturities and no rate shock has a rate lower than zero percent.

Earnings-at-Risk

In addition to IRR associated with NII, certain noninterest expense items are also sensitive to changes in market interest rates. One such item is the cost of ECRs provided on certain deposit accounts, primarily those associated with our Homeowners Association business. ECRs comprise most of our customer related expense and fluctuate in response to changes in short-term rates and can therefore influence the Company's overall earnings sensitivity profile. We expect that a declining interest rate environment would reduce ECR costs and thereby reduce noninterest expense, conversely, when interest rates rise, ECR costs would also rise, thereby increasing noninterest expense. The Company's Earnings-at-Risk modeling incorporates the impact of these rate-sensitive noninterest expenses, in addition to interest income and expense, to assess the effect of interest rate movements on projected earnings over a twelve-month horizon.

As of September 30, 2026, client deposits eligible for ECRs totaled approximately $3.8 billion. Taking into account the rate sensitivity of ECRs, which are primarily attributable to such deposits, the Company's overall earnings profile would be considered neutral. ECRs generally reprice on a one-quarter lag following changes in short-term interest rates.

93

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Our Chief Executive Officer and Chief Financial Officer have evaluated our disclosure controls and procedures as of September 30, 2026 and have concluded that these disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports that we file or submit under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), is recorded, processed, summarized, and reported within the time periods specified in the SEC's rules and forms. These disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports we file or submit is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting that occurred during the third quarter of 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The information set forth in "Note 10. Commitments and Contingencies" in Item 1 of this Form 10-Q is incorporated herein by reference.

In addition, in the ordinary course of our business, we are party to various legal actions, which we believe are incidental to the operation of our business. The outcome of such legal actions and the timing of ultimate resolution are inherently difficult to predict. In the opinion of management, based upon information currently available to us, any resulting liability, in addition to amounts already accrued, and taking into consideration insurance which may be applicable, would not have a material adverse effect on the Company’s financial statements or operations.

ITEM 1A. RISK FACTORS

For information regarding factors that could affect the Company's results of operations, financial condition, and liquidity, see the risk factors disclosed in the "Risk Factors" section of our Form 10-K. See also "Forward-Looking Information" disclosed in Part I, Item 2 of this Quarterly Report on Form 10-Q. There have been no material changes to the risk factors previously disclosed in our Form 10-K.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The following table sets forth information regarding repurchases of shares of our common stock during the three months ended September 30, 2026:

															Total Number of						Approximate Dollar
															Shares Purchased as						Value of Shares That
			Total Number of						Average Price Paid						Part of Publicly						May Yet Be Purchased
Purchase Dates			Shares Purchased (1)						Per Share						Announced Program(2)						Under the Program (2)
			(Dollars in thousands, except per share amounts)
July 1 - July 31, 2026			—						$	—					—						$	82,559
August 1 - August 31, 2026			13,271						$	19.12					—						$	82,559
September 1 - September 30, 2026			—						$	—					—						$	82,559
Total			13,271						$	19.12					—

__________________________

(1)    Includes shares repurchased pursuant to net settlement by employees in satisfaction of income tax withholding obligations incurred through the vesting of Company stock awards, and shares repurchased pursuant to the Company's publicly announced Stock Repurchase Program described in (2) below.

(2)    On March 23, 2026, the Company announced that its Board of Directors extended its $300.0 million stock repurchase program through March 16, 2027. Pursuant to this program, the Company may repurchase common stock, common equivalent stock and depository shares representing its preferred stock from time to time in open market transactions, in block transactions on or off an exchange, in privately negotiated transactions, or by other means as determined by the Company's management and in accordance with the regulations of the SEC. The program may be changed, suspended, or discontinued at any time.

94

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

Trading Arrangements

During the quarter ended September 30, 2026, none of our directors or executive officers adopted or terminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (in each case, as defined in Item 408 of Regulation S-K) for the purchase or sale of the Company’s securities.

ITEM 6. EXHIBITS

Exhibit Number			Description
2.1			Agreement and Plan of Merger, dated as of July 25, 2023, by and among PacWest Bancorp, Banc of California, Inc. and Cal Merger Sub, Inc. (Exhibit 2.1 to the Registrant's Current Report on Form 8-K filed on July 28, 2023 and incorporated herein by reference).
3.1			Third Articles of Restatement of Banc of California, Inc., restated as of February 27, 2024 (Exhibit 3.1 to the Registrant's Annual Report on Form 10-K filed on February 29, 2024 and incorporated herein by reference).
3.2			Sixth Amended and Restated Bylaws of Banc of California, Inc. (Exhibit 3.1 to the Registrant's Current Report on Form 8-K filed on May 15, 2023 and incorporated herein by reference).
31.1			Section 302 Certification of Chief Executive Officer (Filed herewith).
31.2			Section 302 Certification of Chief Financial Officer (Filed herewith).
32.1+			Section 906 Certification of Chief Executive Officer (Furnished herewith).
32.2+			Section 906 Certification of Chief Financial Officer (Furnished herewith).
101			Interactive data files pursuant to Rule 405 of Regulation S-T formatted in Inline XBRL: (i) the Consolidated Balance Sheets as of September 30, 2026, and December 31, 2025, (ii) the Consolidated Statements of Earnings for the three months ended September 30, 2026, June 30, 2026, and September 30, 2025, and nine months ended September 30, 2026 and 2025, (iii) the Consolidated Statements of Comprehensive Income for the three months ended September 30, 2026, June 30, 2026 and September 30, 2025, and nine months ended September 30, 2026 and 2025, (iv) the Consolidated Statement of Changes in Stockholders’ Equity for the nine months ended September 30, 2026 and 2025, (v) the Consolidated Statements of Cash Flows for the nine months ended September 30, 2026 and 2025, and (vi) the Notes to Consolidated Financial Statements. (Filed herewith).
104			Cover page of Banc of California, Inc.'s Quarterly Report on Form 10-Q formatted as Inline XBRL and contained in Exhibit 101.

__________________

+    This exhibit shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liability of that Section. Such exhibit shall not be deemed incorporated into any filing under the Securities Act of 1933, as amended, or the Exchange Act.

The agreements and other documents filed as exhibits to this report are not intended to provide factual information or other disclosure other than with respect to the terms of the agreements or other documents themselves, and you should not rely on them for that purpose. In particular, any representations and warranties made by us in these agreements or other documents were made solely within the specific context of the relevant agreement or document and may not describe the actual state of affairs as of the date they were made or at any other time.

95

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

						BANC OF CALIFORNIA, INC.
Date:			November 6, 2026			/s/ Jared M. Wolff
						Jared M. Wolff
						Chairman of the Board of Directors,
						Chief Executive Officer and President
						(Principal Executive Officer)

Date:			November 6, 2026			/s/ Joseph Kauder
						Joseph Kauder
						Executive Vice President, and Chief Financial Officer
						(Principal Financial Officer)

Date:			November 6, 2026			/s/ Karen Hon
						Karen Hon
						Executive Vice President, Deputy Chief Financial Officer
						and Chief Accounting Officer
						(Principal Accounting Officer)

96