Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 128

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 128
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417 77,661 92,236 Customer related expense27,751 31,672 30,919 Insurance and assessments7,283 11,179 20,461 Occupancy15,010 15,678 17,968 Information technology and data processing15,099 14,546 15,418 Intangible asset amortization7,160 7,770 8,404 Leased equipment depreciation6,741 7,096 7,520 Other professional services4,513 5,498 5,075 Loan expense2,930 4,489 4,491 Acquisition, integration and reorganization costs— (1,023)— Other expense(1)10,749 6,804 8,026 Total noninterest expense183,653 181,370 210,518 Earnings before income taxes73,061 70,103 42,400 Income tax expense19,493 13,184 11,548 Segment net earnings(2)$53,568 $56,919 $30,852 _________________________(1)     Includes business development expense, communications expense, stationery and supplies, employee related expenses, operating and other losses, OREO expenses, and other corporate overhead and operating expenses. (2)     Segment earnings is the same as net earnings reported on the condensed consolidated statements of earnings.

59

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

The following presents our operating segment balance sheet information and the reconciliation of segment assets to consolidated total assets as of the dates indicated:Balance Sheet Data March 31,December 31,Commercial Banking Segment20252024(In thousands)Segment total assets (1)$33,779,918 $33,542,864 _________________________

(1)    Segment total assets is the same as total assets reported on the condensed consolidated balance sheets. 

NOTE 17. RELATED PARTY TRANSACTIONS

Certain of our executive officers and directors, and their related interests, are customers of, or have had transactions with, the Bank in the ordinary course of business, including deposits, loans, and other financial services-related transactions. From time to time, the Bank may make loans to executive officers and directors, and their related interests, in the ordinary course of business and on substantially the same terms and conditions, including