Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 186

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 186
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,991    Gain (loss) on sale of loans645 — (161,346)— 518 —    Loss sale of securities(60,400)— (442,413)— (50,321)— Dividends and gains (losses) on equity investments 7,982 — 15,731 — (3,389)— Warrant income (loss) 408 — (718)— 2,490 — LOCOM HFS adjustment215 — (8,461)— — —    Other income25,345 589 31,201 702 17,317 947       Total noninterest income (loss)77,145 37,224 (448,285)33,767 74,827 30,690 Total Revenue$1,889,850 $37,224 $1,522,715 $33,767 $1,631,316 $30,690 The following table presents revenue from contracts with customers based on the timing of revenue recognition for the year indicated:  Year Ended December 31, 202420232022(In thousands)Products and services transferred at a point in time$17,074 $15,761 $15,416 Products and services transferred over time20,150 18,006 15,274 Total revenue from contracts with customers$37,224 $33,767 $30,690 Contract BalancesThe following table provides information about receivables, contract assets and contract liabilities from contracts with customers as of the dates indicated:December 31, 20242023(In thousands)Receivables, which are included in "Other assets"$1,679 $1,615 Contract assets, which are included in "Other assets"$— $— Contract liabilities, which are included in "Accrued interest payable and other liabilities"$348 $418 

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 year ended December 31, 2024 due to revenue recognized that was included in the contract liability balance at the beginning of the year was $70,000. 

191

BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements

NOTE 19.  STOCK-BASED COMPENSATION