Banc of California, Inc. (BANC) Q2 2023 Earnings Call Transcript

Banc of California, Inc. (NYSE:BANC) Q2 2023 Earnings Call Transcript July 26, 2023 12:00 PM ET

Company Participants

Jared Wolff – President and Chief Executive Officer

Joseph Kauder – Chief Financial Officer

Paul Taylor – President and Chief Executive Officer of PacWest

Kevin Thompson – EVP, Chief Financial Officer of PacWest

Conference Call Participants

Matthew Clark – Piper Sandler

Christopher McGratty – KBW

Andrew Terrell – Stephens

Gary Tenner – D.A. Davidson

Timothy Coffey – Janney

Kelly Motta – KBW

Timur Braziler – Wells Fargo

David Feaster – Raymond James


Hello, and welcome to the conference call to discuss Banc of California and PacWest Merger and Second Quarter Earnings. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation there will be an opportunity to ask questions. [Operator Instructions] Please note, this call is being recorded.

Today’s presentation will include non-GAAP measures. The reconciliation for these and additional required information is available in the earnings press releases, which are available on each company’s Investor Relations website. The reference presentation is also available on each company’s Investor Relations website.

Before we begin, we would like to direct everyone to the safe harbor statement on forward-looking statements included in both the press releases and investor presentations published today.

I would now like to turn the conference call over to Mr. Jared Wolff, Banc of California’s Chairman, President and Chief Executive Officer.

Jared Wolff

Good afternoon, and thank you for joining us. With me on the call today is Joe Kauder, the new CFO of Banc of California and Paul Taylor, Kevin Thompson and Bill Back from PacWest. Each company is going to provide a brief review of their second quarter financial results with more limited commentary than usual so that we can spend the majority of the call discussing the merger that was announced

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