Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 374

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 374
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 and 156,790,349 outstanding at December 31, 2023) 1,586 1,577 Class B non-voting common stock ($0.01 par value, 477,321 shares issued at December 31, 2024  and 477,321 shares issued at December 31, 2023)5 5 Non-voting common stock equivalents ($0.01 par value, 9,790,600 shares issued atDecember 31, 2024 and 10,829,990 shares issued at December 31, 2023)98 108 Additional paid-in capital3,785,725 3,840,974 Retained deficit(431,201)(518,301)Accumulated other comprehensive loss, net(354,780)(432,114)Total stockholders' equity3,499,949 3,390,765 Total liabilities and stockholders' equity$33,542,864 $38,534,064 

See accompanying Notes to Consolidated Financial Statements.

112

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) 

 Year Ended December 31, 202420232022 (In thousands, except per share amounts)Interest income:Loans and leases$1,501,534 $1,496,357 $1,312,580 Investment securities140,794 174,996 209,751 Deposits in financial institutions170,377 299,647 34,158 Total interest income1,812,705 1,971,000 1,556,489 Interest expense:Deposits715,984 748,423 200,449 Borrowings 104,398 416,744 25,645 Subordinated debt66,273 58,705 39,633 Total interest expense886,655 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:Leased equipment income51,109 63,167 50,586 Other commissions and fees33,258 38,086 43,