Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 498

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 498
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,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)$33,542,864 $38,534,064 _________________________

(1)    Segment total assets is the same as total assets reported on the Consolidated Statements of Financial Condition.

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BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements

NOTE 25. 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 businesses and on substantially the same terms and conditions