Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 132

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 132
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687 —    Dividends and gains on equity investments2,209 — 4,234 —    Warrant income (loss)932 — (146)— LOCOM HFS adjustment(9)— 292 —    Other income13,297 505 9,322 226       Total noninterest income 66,283 19,501 63,608 18,857 Total Revenue$893,447 $19,501 $1,004,901 $18,857 The following table presents revenue from contracts with customers based on the timing of revenue recognition for the periods indicated:  Six Months EndedJune 30,20252024(In thousands)Products and services transferred at a point in time$8,251 $9,081 Products and services transferred over time11,250 9,776 Total revenue from contracts with customers$19,501 $18,857 Contract BalancesThe following table provides information about receivables, contract assets, and contract liabilities from contracts with customers as of the dates indicated:June 30, 2025December 31, 2024(In thousands)Receivables, which are included in "Other assets"$1,729 $1,679 Contract liabilities, which are included in "Accrued interest payable and other liabilities"$313 $348 

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 six months ended June 30, 2025 due to revenue recognized that was included in the contract liability balance at the beginning of the period was $35,000. 

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BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements (Unaudited)

NOTE 15.  STOCKHOLDERS' EQUITY

Stock-Based CompensationAt the special meeting of stockholders held on November 22, 2023, the Company's stockholders approved the Amended and Restated Banc of California, Inc. 2018 Stock Incentive Plan (the “Amended and Restated 2018 Plan”). The Company’s 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 Amended and Restated 2018 Plan authorizes grants of stock