Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 22

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 22
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 real estate values, and adverse conditions in borrowers’ businesses. See further discussion in “- Balance Sheet Analysis - Allowance for Credit Losses on Loans and Leases Held for Investment” contained herein.

89

Noninterest Income

The following table summarizes noninterest income by category for the periods indicated:

Three Months EndedNine Months EndedSeptember 30,June 30,September 30,Noninterest Income2025202520252024(In thousands)Leased equipment income$10,321 $10,231 $31,336 $40,379 Commissions and fees9,514 9,641 29,113 25,027 Service charges on deposit accounts5,109 4,456 14,108 13,813 (Loss) gain on sale of loans and leases(374)30 (133)625 Loss on sale of securities— — — (59,946)Dividends and gains (loss) on equity investments2,291 (114)4,500 7,964 Warrant income   433 1,227 1,365 65 LOCOM HFS adjustment— (9)(9)218 Other 6,991 7,171 20,288 20,011 Total noninterest income$34,285 $32,633 $100,568 $48,156 

Third Quarter of 2025 Compared to Second Quarter of 2025 

Noninterest income increased by $1.7 million to $34.3 million for the third quarter from $32.6 million for the second quarter due mainly to a $2.4 million increase in dividends and gains on equity investments, offset partially by a $0.8 million decrease in warrant income. The increase in dividends and gains on equity investments was primarily related to fair value gains in the third quarter on SBIC investments compared to fair value losses in the second quarter. The decrease in warrant income was driven by lower gains from warrant exercises.

Nine Months Ended September 30, 2025 Compared to Nine Months Ended September 30, 2024

Noninterest income increased by $52.4 million to $100.6 million for the nine months ended September 30, 2025  from $48.2 million for the nine months ended September 30, 2024 . The prior year period included a $59.9 million loss on the sale of $742 million of securities executed as part of