2015 First Quarter Earnings

April 30, 2015

Investor Presentation

Exhibit 99.2

1

1

Forward-looking Statements

When used in this presentation and in documents filed with or furnished to the Securities and Exchange Commission (the “SEC”), or other public shareholder

communications, or in oral statements made with the approval of an authorized executive officer, the words or phrases “believe,” “will,” “should,” “will likely result,”

“are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “plans,” or similar expressions are intended to identify “forward-looking statements” within

the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements, which speak

only as of the date made. These statements may relate to future financial performance, strategic plans or objectives, revenue, expense or earnings projections, or other

financial items of Banc of California Inc. and its affiliates (“BANC,” the “Company,” “we,” “us” or “our”). By their nature, these statements are subject to numerous 

uncertainties that could cause actual results to differ materially from those anticipated in the statements.

Factors that could cause actual results to differ materially from the results anticipated or projected include, but are not limited to, the following: (i) risks that the

Company’s recently completed acquisitions, including the acquisitions of branches from Banco Popular, The Private Bank of California, CS Financial, Inc., and The

Palisades Group, may disrupt current plans and operations, the potential difficulties in customer and employee retention as a result of those transactions and the

amount of the costs, fees, expenses and charges related to those transactions; (ii) the credit risks of lending activities, which may be affected by further deterioration in

real estate markets and the financial condition of borrowers, may lead to increased loan and lease delinquencies, losses and nonperforming assets in our loan portfolio,

and may result in our allowance for loan and lease losses not being adequate to cover actual losses and require us to materially increase our loan and lease loss

reserves; (iii) the quality and composition of our securities and loan portfolios; (iv) changes in general economic conditions, either nationally or in our market areas; (v)

continuation of the historically low short-term interest rate environment, changes in the levels of general interest rates, and the relative differences between short-

and long-term interest rates, deposit interest rates, our net interest margin and funding sources; (vi) fluctuations in the demand for loans and leases, the number of

unsold homes and other properties and fluctuations in commercial and residential real estate values in our market area; (vii) results of examinations of us by regulatory

authorities and the possibility that any such regulatory authority may, among other things, require us to increase our allowance for loan and lease losses, write-down

asset values, increase our capital levels, or affect our ability to borrow funds or maintain or increase deposits, which could adversely affect our liquidity and earnings;

(viii) legislative or regulatory changes that adversely affect our business, including changes in regulatory capital or other rules; (ix) our ability to control operating costs

and expenses; (x) staffing fluctuations in response to product demand or the implementation of corporate strategies that affect our work force and potential associated

charges; (xi) errors in our estimates in determining fair value of certain of our assets, which may result in significant declines in valuation; (xii) the network and

computer systems on which we depend could fail or experience a security breach; (xiii) our ability to attract and retain key members of our senior management team;

(xiv) costs and effects of litigation, including settlements and judgments; (xv) increased competitive pressures among financial services companies; (xvi) changes in

consumer spending, borrowing and saving habits; (xvii) adverse changes in the securities markets; (xviii) earthquake, fire or other natural disasters affecting the

condition of real estate collateral; (xix) the availability of resources to address changes in laws, rules or regulations or to respond to regulatory actions; (xx) inability of

key third-party providers to perform their obligations to us; (xxi) changes in accounting policies and practices, as may be adopted by the financial institution regulatory

agencies or the Financial Accounting Standards Board or their application to our business or final audit adjustments, including additional guidance and interpretation

on accounting issues and details of the implementation of new accounting methods; (xxii) war or terrorist activities; and (xxiii) other economic, competitive,

governmental, regulatory, and technological factors affecting our operations, pricing, products and services and the other risks described in this report and from time

to time in other documents that we file with or furnish to the SEC. You should not place undue reliance on forward-looking statements, and we undertake no obligation

to update any such statements to reflect circumstances or events that occur after the date on which the forward-looking statement is made.

2

2

2015 First Quarter Accomplishments

Net Income

Net

income

available

to

common

shareholders

of

$11.7

million,

or

$0.29

per

diluted

share,

up from $9.2 million, or $0.25 per diluted share from the prior quarter, and up from a net

loss to common shareholders of $(0.2) million, or $(0.01) per diluted share from a year ago

Return on average assets of 0.9% and return on average tangible common equity of 13.5%

Revenues

Total revenue of $98.0 million for the first quarter, up 12% quarter-over-quarter and 62%

year-over-year

Net interest income of $52.0 million for the first quarter, up 12% quarter-over-quarter and

48% year-over-year

Expenses

Total

expenses

of

$75.9

million

for

the

first

quarter,

down

$2.3

million

from

the

prior

quarter

Consolidated efficiency ratio improved to 77%, compared to 90% from the prior quarter and

95% from a year ago

Balance

Sheet

Total assets grew to $6.1 billion, up 2% quarter-over-quarter and 51% year-over-year

Deposit balances increased by $190 million, or 4% quarter-over-quarter and 56% year-over-year

Noninterest-bearing deposit balances increased by $87 million, or 13% quarter-over-quarter

and 74% year-over-year

Capital

Tangible equity to tangible assets (TE/TA) increased to 7.6%; 9.0%

pro-forma for April capital

raise

Tangible

book

value

per

share²

increased

to

$10.81

from

$10.53

from

the

prior

quarter

1

Pro-forma based on 3/31/15 balance sheet plus net proceeds of $111.4 million from April preferred stock offering & $172.8 million from April debt offering

2

Adjusted tangible book value per share including shares issuable under purchase contracts (TEUs) increased to $9.96 from $9.64.

1

3

Income Statement

1Q 2015

4Q 2014

1Q 2014

Net Interest Income

$52.0

$46.3

$35.2

Noninterest Income

46.0

40.9

25.3

Total Revenue

98.0

87.2

60.5

Expenses

(75.9)

(78.2)

(57.6)

Pre-Tax, Pre-Provision Income

22.1

9.0

2.9

Provision

0.0

(4.2)

(1.9)

Pre-Tax Income

22.1

4.8

0.9

Tax Benefit (Expense)

(9.5)

5.3

(0.2)

Net Income

12.6

10.1

0.7

Preferred Dividends

(0.9)

(0.9)

(0.9)

Net Income Available to Common

$11.7

$9.2

$(0.2)

Diluted Earnings Per Share

$0.29

$0.25

$(0.01)

ROAA

0.9%

0.8%

0.1%

ROATCE

13.5%

11.1%

0.9%

Average shares outstanding (fully diluted EPS)

(1)

38.3

35.4

20.2

($ in millions except per share data)

*

Figures may not foot due to rounding.

1 Average shares outstanding include potential TEU conversions to common shares (in millions).

3

4

Business Segments

($ in millions)

* Figures may not foot due to rounding.

Pre-Tax Income

1Q 2015

4Q 2014

B/W

Banking

$15.9

$3.1

$12.8

Mortgage Banking

9.6

3.2

6.4

Financial Advisory / Asset

Management

0.6

3.9

(3.3)

Corporate / Other

(4.1)

(5.5)

1.4

Consolidated

$22.1

$4.8

$17.3

Banking segment represented:

Over 70% of consolidated

pre-tax profitability

Approximately 75% of

increase in quarter over

quarter pre-tax profits

Over 60% of consolidated

revenues

Mortgage Banking pre-tax profits

tripled quarter over quarter

4

5

Net Interest Income and Net Interest Margin

Net

Interest

Income

($

in

millions)

Cost of Deposits

Loan Yields

Net Interest Margin

Net interest income benefited from full quarter impact

of Popular acquisition

Stable loan yields compared to prior quarter driven by

pricing discipline

Consolidated net interest margin expanded due to

deposit repricing

Disciplined deposit repricing strategy drove the

favorable drop

+48% YoY

-8% YoY

-12% YoY

-30% YoY

5

$35.2

$35.6

$38.2

$46.3

$52.0

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

4.00%

3.70%

3.58%

3.65%

3.69%

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

5.12%

4.75%

4.62%

4.60%

4.59%

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

0.77%

0.74%

0.70%

0.60%

0.54%

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

6

Noninterest Income

Noninterest Income

($ in millions)

* Figures may not foot due to rounding.

6

$17.3

$26.1

$26.9

$25.0

$37.9

$2.6

$3.0

$10.3

$3.9

$4.5

$1.1

$1.8

$3.3

$6.7

$1.2

$4.2

$4.4

$3.6

$5.2

$2.4

$25.3

$35.4

$44.1

$40.9

$46.0

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

Mortgage Banking

Gain on Sale of Loans

Advisory Service Fees

All Other

7

Noninterest Expense

($ in millions)

Number of Employees

(Headcount)

Noninterest Expenses

$57.6

$60.3

1

$67.4

1 Includes Mortgage Banking-related commissions, bonus and loan-related expenses.    

2 Includes 149 employees acquired from BPOP; retail branches, business  banking, commercial real estate, and operations.

$78.2

$75.9

2

$48.9

$48.0

$51.8

$58.8

$58.3

$8.7

$12.3

$13.2

$13.5

$17.6

$2.4

$5.9

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

Base

Volume-Related

Acquisition/Non-core

690

647

658

662

728

527

573

634

813

805

1,217

1,220

1,292

1,475

1,533

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

Banc Home Loans

Bank / TPG / HoldCo

7

8

8

Balance Sheet

1Q 2015

4Q 2014

1Q 2014

Cash and All Deposits in Financial Institutions

$        267

$        233

$        335

Securities

394

346

108

Loans Held for Sale

1,241

1,187

1,000

Loans Held for Investment

3,934

3,949

2,397

ALLL

(29)

(29)

(20)

All Other Assets

291

286

210

Total Assets

$     6,097

$     5,971

$     4,030

Noninterest-bearing Deposits

$        749

$        662

$        431

Interest-bearing Deposits

4,113

4,010

2,678

Deposits

4,862

4,672

3,109

FHLB Advances / Other Borrowings

560

633

465

Notes Payable

93

94

82

All Other Liabilities

69

70

49

Total Liabilities

5,583

5,468

3,705

Equity

514

503

325

Total Liabilities and Equity

$     6,097

$     5,971

$     4,030

($ in millions, period ending balances)

* Figures may not foot due to rounding.

9

Loan Portfolio

Total Loans (HFS/HFI)

($ in millions)

1

1 Includes C&I, SBA & Leasing

* All Balances Period-End.

9

$374

$455

$464

$613

$639

$586

$567

$548

$1,042

$1,014

$155

$234

$367

$956

$940

$1,159

$1,213

$1,191

$1,172

$1,169

$1,000

$1,096

$1,127

$1,187

$1,241

$123

$134

$142

$167

$171

$3,397

$3,698

$3,839

$5,136

$5,175

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

Business

Commercial Real Estate & Construction

Multifamily

Single Family Residential

Held for sale

Other

10

Deposit Portfolio

$4.9

$3.1

$3.3

$3.6

* All Balances March 31, 2015 Period-End.

$4.7

Total Deposits

($ in billions)

Deposit Mix

(3/31/15 period end balance)

0.60%

0.70%

0.74%

0.77%

Cost of

Deposits:

0.54%

10

$0.43

$0.41

$0.46

$0.66

$0.75

$2.7

$2.9

$3.2

$4.0

$4.1

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

Noninterest-bearing Deposits

Interest-bearing Deposits

DDA /

NOW

37%

Savings

18%

Money

Market

23%

CDs

22%

11

11

Capital Position

1Q

2014

2Q

2014

3Q

2014

4Q

2014

1Q

2015

Pro

Forma

Regulatory

Well-Capitalized

Ratio

Banc of California, Inc.

Tangible Equity to Tangible Assets (TE/TA)

7.1%

9.1%

9.0%

7.5%

7.6%

9.0%

Tier 1 Leverage Ratio

7.6%

9.9%

9.3%

8.6%

8.0%

9.9%

Tier 1 Risk-based Capital Ratio

10.9%

14.1%

14.0%

10.5%

10.9%

13.2%

Total Risk-based Capital Ratio

12.0%

15.2%

15.0%

11.3%

11.6%

14.0%

Tangible Book Value per share, non-GAAP

$9.93

$11.44

$11.33

$10.53

$10.81

Tangible Book Value per share, adjusted

2

$9.93

$9.66

$9.88

$9.64

$9.96

Banc of California, N.A.

Tier 1 Leverage Ratio

9.4%

9.7%

9.8%

9.2%

9.5%

5.0%

Tier 1 Risk-based Capital Ratio

13.5%

13.8%

14.8%

11.3%

12.9%

8.0%

Total Risk-based Capital Ratio

14.5%

14.9%

15.8%

12.0%

13.6%

10.0%

1

1

Pro-forma based on 3/31/15 balance sheet plus net proceeds of $111.4 million from April preferred stock offering & $172.8 million from April debt offering

2

Tangible equity per common stock and shares issuable under purchase contracts. Represents the effect on TBV/share including conversion of TEUs to common shares

12

12

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

Total Loans (HFI + HFS)

$3.4 bln

$3.7 bln

$3.8 bln

$5.1 bln

$5.2 bln

Delinquent non-PCI loans to total non-PCI loans

2.21%

2.69%

2.08%

1.55%

1.66%

Non-performing Loans, excluding PCI loans

$32.4

$41.6

$38.3

$38.4

$42.8

NPLs / Loans (HFI)

1.35%

1.60%

1.41%

0.97%

1.09%

NPAs / Assets

0.81%

0.96%

0.86%

0.65%

0.71%

NPAs / Equity

10.0%

9.6%

8.7%

7.7%

8.4%

Net Charge Offs (recoveries)

$(0.2)

$(0.3)

$0.2

n/m

$0.1

Provision for Loan Losses

$1.9

$2.1

$2.8

$4.2

$0.0

ALLL ($)

$20.0

$22.6

$25.3

$29.5

$29.3

ALLL to Originated Loans

1.43%

1.34%

1.33%

1.38%

1.35%

ALLL & Discount / Loans

6.32%

5.65%

4.45%

3.34%

3.27%

ALLL / NPLs

62%

54%

66%

77%

69%

Asset Quality

($ in millions unless otherwise noted)

13

1%

3.75 –

4.00%

Financial Performance Targets

15%

70 –

75%

1 Net Interest Margin shown for Banc of California, N.A. subsidiary. Excludes Holding Company debt interest expense.

Stated Year-End 2015 Run Rate Targets

ROAA

ROATCE

Net Interest Margin

Efficiency Ratio

13

4.19%

3.88%

3.78%

3.82%

3.84%

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

95%

85%

82%

90%

77%

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

0.1%

0.8%

1.0%

0.8%

0.9%

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

0.9%

12.0%

13.3%

11.2%

13.5%

1Q 2014

2Q 2014

3Q 2014

4Q 2014

1Q 2015

1