Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 376

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 376
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ANC OF CALIFORNIA, INC. AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) 

Year Ended December 31, 202420232022(In thousands)Net earnings (loss) $126,888 $(1,899,137)$423,613 Other comprehensive income (loss), net of tax:Unrealized net holding gains (losses) on securities available-for-sale arising during the year11,987 16,525 (952,391)Income tax (expense) benefit related to net unrealized holding gains (losses) arising during the year(3,057)(3,938)262,049 Unrealized net holding gains (losses) on securities available-for-sale, net of tax8,930 12,587 (690,342)Reclassification adjustment for net losses included in net earnings (1)60,400 442,413 50,321 Income tax benefit related to reclassification adjustment(17,143)(120,797)(12,397)Reclassification adjustment for net losses included in net earnings, net of tax43,257 321,616 37,924 Unrealized net loss on securities transferred fromavailable-for-sale to held-to-maturity— — (218,326)Amortization of unrealized net loss on securities transferred from available-for-sale to held-to-maturity32,815 31,895 18,191 Income tax expense related to amortization of unrealized net loss on securities transferred from available-for-sale to held-to-maturity(9,312)(8,835)(4,318)Amortization of unrealized net loss on securities transferred from available-for-sale 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)