Banc of California, Inc. (NYSE:BANC) Q2 2022 Earnings Conference Call July 21, 2022 1:00 PM ET
Company Representatives
Jared Wolff - President, Chief Executive Officer
Lynn Hopkins - Chief Financial Officer
Conference Call Participants
Timur Braziler - Wells Fargo
David Feaster - Raymond James
Matthew Clark - Piper Sandler
Kelly Motta - KBW
Gary Tenner - D.A. Davidson
Operator
Hello! And welcome to Banc of California's Second Quarter Earnings Conference call. All participants will be in listen-only mode. [Operator Instructions]. Today's call is being recorded and a copy of the recording will be available later today on the company's Investor Relations website.
Today's presentation will also include non-GAAP measures. The reconciliation for these and additional required information is available in the earnings press release, which is available on the company's Investor Relations website. The reference presentation is also available on the company's Investor Relations website.
Before we begin, we would like to direct everyone to the company's Safe-Harbor Statement on forward-looking statements included in both the Earnings Release and the Earnings Presentation.
I would like to now turn the conference over to Mr. Jared Wolff, Banc of California's President and Chief Executive Officer. Please go ahead.
Jared Wolff
Good morning! And welcome to Banc of California's second quarter earnings call. Joining me on today's call is Lynn Hopkins, our Chief Financial Officer, who will talk in more detail about our quarterly results.
Our performance in the second quarter was highlighted by a 7% increase in adjusted pre-tax, pre-provision income and a 10 basis point increase in adjusted pre-tax, pre-provision return on average assets. The quarter was a good representation of the strong commercial banking franchise that we have built over the past three years. 25% annualized commercial loan growth, excluding warehouse and PPP loans, funded with a low cost deposit base, disciplined expense control, and solid asset quality in our
- Read more current BANC analysis and news
- View all earnings call transcripts