Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 133

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 133
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602 25,027 13,708    Leased equipment income31,336 — 40,379 —    (Loss) gain on sale of loans(133)— 625 —    Loss on sale of securities— — (59,946)—    Dividends and gains on equity investments4,500 — 7,964 —    Warrant income 1,365 — 65 — LOCOM HFS adjustment(9)— 218 —    Other income20,288 559 20,011 396       Total noninterest income 100,568 29,269 48,156 27,917 Total Revenue$1,360,273 $29,269 $1,436,342 $27,917 The following table presents revenue from contracts with customers based on the timing of revenue recognition for the periods indicated:  Nine Months EndedSeptember 30,20252024(In thousands)Products and services transferred at a point in time$12,053 $13,093 Products and services transferred over time17,216 14,824 Total revenue from contracts with customers$29,269 $27,917 Contract BalancesThe following table provides information about receivables, contract assets, and contract liabilities from contracts with customers as of the dates indicated:September 30, 2025December 31, 2024(In thousands)Receivables, which are included in "Other assets"$1,649 $1,679 Contract liabilities, which are included in "Accrued interest payable and other liabilities"$296 $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 nine months ended September 30, 2025 due to revenue recognized that was included in the contract liability balance at the beginning of the period was $52,000. 

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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 201