Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 185

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 185
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 timing of revenue recognition, from which the Company generates its revenue from contracts with customers:•Revenue earned at a point in time.  Examples of revenue earned at a point in time are ATM transaction fees, wire transfer fees, NSF fees, and credit and debit card interchange fees. Revenue is generally derived from transactional information accumulated by our systems and is recognized as revenue immediately as the transactions occur or upon providing the service to complete the customer's transaction. The Company is the principal in each of these contracts with the exception of credit and debit card interchange fees, in which case the Company is acting as the agent and records revenue net of expenses paid to the principal.   •Revenue earned over time.  The Company earns certain revenue from contracts with customers monthly. Examples of this type of revenue are deposit account service fees, investment management fees, merchant referral services, MasterCard marketing incentives, and safe deposit box fees. Account service charges, management fees, and referral fees are recognized on a monthly basis while any transaction-based revenue is recorded as the activity occurs. Revenue is primarily based on the number and type of transactions and is generally derived from transactional information accumulated by our systems. Revenue is recorded in the same period as the related transactions occur or services are rendered to the customer.

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

Disaggregation of Revenue The following table presents "Interest income" and "Noninterest income," the components of total revenue, as disclosed in the consolidated statements of earnings (loss) and the related amounts which are from contracts with customers within the scope of ASC Topic 606. As illustrated here, substantially all of our revenue is specifically excluded from the scope of ASC Topic 606.Year Ended December 31, 202420232022TotalRevenue fromTotalRevenue fromTotalRevenue fromRecordedContracts withRecordedContracts withRecordedContracts withRevenueCustomersRevenueCustomersRevenueCustomers(In thousands)Total Interest Income$1,812,705 $— $1,971,000 $— $1,556,489 $— Noninterest Income:   Other commissions and fees33,258 18,052 38,086 16,597 43,635 15,752    Leased equipment income51,109 — 63,167 — 50,586 —    Service charges on deposit accounts18,583 18,583 16,468 16,468 13,991 13