Banc of California (BANC) 10-K 2016 FY Annual report

Exhibit 12.0

BANC OF CALIFORNIA, INC.

FIXED CHARGE CALCULATION

(Dollars in thousands)

	Year Ended December 31,
	2016	2015	2014	2013	2012
Ratio of earnings to fixed charges:
Excluding interest on deposits	6.78x	5.43x	2.73x	1.55x	2.54x
Including interest on deposits	3.21x	3.05x	1.60x	1.21x	1.57x
Ratio of earnings to combined fixed charges and preferred stock dividends:
Excluding interest on deposits	2.85x	3.09x	1.83x	1.12x	1.53x
Including interest on deposits	2.10x	2.26x	1.36x	1.05x	1.26x

Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividend Requirement

	Year Ended December 31,
	2016		2015		2014		2013		2012
Earnings:
1. Income (loss) before income tax	$	149,406	$	104,266	$	26,466	$	7,908	$	6,475
2. Add: Interest expense	59,499		42,621		32,862		23,282		8,479
3. Earnings including interest on deposits	208,905		146,887		59,328		31,190		14,954
4. Less: Interest expense on deposits	40,220		25,783		24,411		16,051		5,960
5. Earnings excluding interest on deposits	$	168,685	$	121,104	$	34,917	$	15,139	$	8,994
Fixed charges:
6. Interest expense (Line 2)	$	59,499	$	42,621	$	32,862	$	23,282	$	8,479
7. Interest portion on rental expense	5,589		5,460		4,331		2,532		1,025
8. Including interest on deposits and capitalized interest	65,088		48,081		37,193		25,814		9,504
9. Less interest expense on deposits (Line 4)	40,220		25,783		24,411		16,051		5,960
10. Total fixed charges, excluding interest on deposits	$	24,868	$	22,298	$	12,782	$	9,763	$	3,544
Fixed charges and preferred stock dividends:
11. Interest expense (Line 2)	$	59,499	$	42,621	$	32,862	$	23,282	$	8,479
12. Interest portion on rental expense	5,589		5,460		4,331		2,532		1,025
13. Preferred stock dividends (1)	34,334		16,936		6,276		3,767		2,343
14. Including interest on deposits, capitalized interest and preferred stock dividends	99,422		65,017		43,469		29,581		11,847
15. Less interest expense on deposits (Line 4)	40,220		25,783		24,411		16,051		5,960
16. Total fixed charges and preferred stock dividends, excluding interest on deposits	$	59,202	$	39,234	$	19,058	$	13,530	$	5,887
Ratio of earnings to fixed charges:
Excluding interest on deposits (Line 5 divided by Line 10)	6.78		5.43		2.73		1.55		2.54
Including interest on deposits (Line 3 divided by Line 8)	3.21		3.05		1.60		1.21		1.57
Deficiency	$	—	$	—	$	—	$	—	$	—
Ratio of earnings to fixed charges and preferred stock dividends:
Excluding interest on deposits (Line 5 divided by Line 16)	2.85		3.09		1.83		1.12		1.53
Including interest on deposits (Line 3 divided by Line 14)	2.10		2.26		1.36		1.05		1.26
Deficiency	$	—	$	—	$	—	$	—	$	—

(1) Utilized a 42 percent effective tax rate