Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 26

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 26
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4 million in the year ended December 31, 2023. The Company also sold $2.5 billion of loans for a net gain of $0.6 million in the year ended December 31, 2024, compared to $8.7 billion of loans for a net loss of $161.3 million in the year ended December 31, 2023.

75

Noninterest Expense

The following table summarizes noninterest expense by category for the years indicated:

Year Ended December 31, IncreaseIncreaseNoninterest Expense2024(Decrease)2023(Decrease)2022(In thousands)Compensation$341,396 $9,043 $332,353 $(74,486)$406,839 Customer related expense129,471 5,367 124,104 68,831 55,273 Insurance and assessments70,779 (64,887)135,666 110,180 25,486 Occupancy67,993 6,325 61,668 704 60,964 Information technology and data processing60,418 8,613 51,805 6,009 45,796 Intangible asset amortization33,143 21,724 11,419 (2,157)13,576 Leased equipment depreciation29,271 (4,972)34,243 (1,415)35,658 Other professional services20,857 (3,766)24,623 (5,655)30,278 Loan expense17,306 (3,152)20,458 (4,114)24,572 Other35,289 (107,184)142,473 102,097 40,376 Total operating expense805,923 (132,889)938,812 199,994 738,818 Acquisition, integration and reorganization costs(14,183)(156,816)142,633 136,930 5,703 Goodwill impairment— (1,376,736)1,376,736 1,347,736 29,000 Total noninterest expense$791,740 $(1,666,441)$2,458,181 $1,684,660 $773,521 

2024 Compared to 2023 

Noninterest expense decreased by $1.7 billion to $791.7 million for the year ended December