Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 201

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 201
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 1,223,872 265,727 Net interest income926,050 747,128 1,290,762 Provision for credit losses42,801 52,000 24,500 Net interest income after provision for credit losses883,249 695,128 1,266,262 Noninterest income (loss)77,145 (448,285)74,827 Noninterest expense:Compensation341,396 332,353 406,839 Insurance and assessments70,779 135,666 25,486 Customer related expense129,471 124,104 55,273 Occupancy67,993 61,668 60,964 Information technology and data processing60,418 51,805 45,796 Leased equipment depreciation29,271 34,243 35,658 Other professional services20,857 24,623 30,278 Loan expense17,306 20,458 24,572 Intangible asset amortization33,143 11,419 13,576 Acquisition, integration and reorganization costs(14,183)142,633 5,703 Goodwill impairment— 1,376,736 29,000 Other expense (1)35,289 142,473 40,376 Total noninterest expense791,740 2,458,181 773,521 Earnings (loss) before income taxes168,654 (2,211,338)567,568 Income tax expense (benefit)41,766 (312,201)143,955 Segment net earnings (loss) (2)$126,888 $(1,899,137)$423,613 _________________________

(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. Other expense also included unfunded commitments fair value loss adjustments related to loan sales for the year ended December 31, 2023.

(2)    Segment earnings is the same as net earnings (loss) reported on the Consolidated Statements of Earnings (Loss).

The following presents our operating segment balance sheet information and the reconciliation of segment assets to consolidated total assets as of the date indicated:

December 31, Balance Sheet Data - Commercial Banking Segment:20242023(In thousands)Segment total assets (1)$