Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 482

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 482
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 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 13,991    Gain (loss) on sale of loans645 — (161,346)— 518 —    Loss sale of securities(60,400)— (442,413)— (50,321)— Dividends and gains (losses) on equity investments 7,982 — 15,731 — (3,389)— Warrant income (loss) 408 — (718)— 2,490 — LOCOM HFS adjustment215 — (8,461)— — —    Other income25,345 589 31,201 702 17,317 947       Total noninterest income (loss)77,145