Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 80

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 80
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 to held-to-maturity, net of tax23,503 23,060 13,873 Change in fair value of credit-linked notes(2,589)7,794 — Income tax benefit (expense) related to change in fair value ofcredit-linked notes760 (2,211)— Change in fair value of credit-linked notes,net of tax(1,829)5,583 — Unrealized gain (loss) on cash flow hedges arising during the year4,897 (5,714)— Income tax (expense) benefit related to unrealized (loss) gain on cash flow hedges arising during the year(1,424)1,657 — Unrealized gain (loss) on cash flow hedges, net of tax3,473 (4,057)— Other comprehensive income (loss), net of tax77,334 358,789 (856,871)Comprehensive income (loss) $204,222 $(1,540,348)$(433,258)

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(1)    Entire amount recognized in "(Loss) gain on sale of securities" on the Consolidated Statements of Earnings (Loss). 

See accompanying Notes to Consolidated Financial Statements.  

114

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

Non-Common StockVotingAccumulatedClass BCommonAdditionalRetainedOtherPreferredNon-StockPaid-inEarningsComprehensive StockVotingVotingEquivalentsCapital(Deficit)Income (Loss) Total (In thousands, except per share amount)Balance, December 31, 2021$— $1,221 $— $— $2,916,091 $1,016,350 $65,968 $3,999,630 Net earnings— — — — — 423,613 — 423,613 Other comprehensive loss, net of tax— — — — — — (856,871)(856,871)Issuance of preferred stock,net of offering costs498,516 — — — — — — 498,516 Restricted stock awarded and earned stock compensation, net of shares forfeited— 9 — — 34,760 — — 34