Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 139

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 139
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 our Form 10-K. Additionally, the Company does not have intra-entity sales or transfers.The following presents our operating segment income statement, including significant expense categories, regularly reviewed by the CODM, and the reconciliation of segment net earnings to consolidated net earnings for the periods indicated:Three Months EndedNine Months EndedIncome Statement September 30,September 30,Commercial Banking Segment2025202420252024 (In thousands)Total interest income$432,541 $446,893 $1,259,705 $1,388,186 Total interest expense179,097 214,718 533,681 697,421 Net interest income253,444 232,175 726,024 690,765 Provision for credit losses9,700 9,000 58,100 30,000 Net interest income after provision for credit losses243,744 223,175 667,924 660,765 Noninterest income34,285 (15,452)100,568 48,156 Noninterest expense:Compensation88,865 85,585 263,644 263,735 Customer related expense26,227 34,475 80,555 97,799 Occupancy15,415 16,892 45,898 52,315 Information technology and data processing13,535 14,995 41,707 45,872 Insurance and assessments8,994 12,708 25,680 59,600 Intangible asset amortization7,160 8,485 21,479 25,373 Leased equipment depreciation6,750 7,144 20,191 22,175 Other professional services5,394 5,101 16,313 15,359 Loan expense4,947 3,994 11,927 12,817 Acquisition, integration and reorganization costs— (510)— (13,160)Other expense(1)8,397 7,340 27,812 28,485 Total noninterest expense185,684 196,209 555,206 610,370 Earnings before income taxes92,345 11,514 213,286 98,551 Income tax expense22,716 2,730 61,704 28,582 Segment net earnings(2)$69,629 $8,784 $151,582 $