Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 122

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 122
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ARIESNotes to Condensed Consolidated Financial Statements (Unaudited)

NOTE 14.  REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Revenue  The following table presents interest income and noninterest income, the components of total revenue, as disclosed in the condensed consolidated statements of earnings and the related amounts which are from contracts with customers within the scope of ASC Topic 606, "Revenue from Contracts with Customers," for the periods indicated. As illustrated here, substantially all of our revenue is specifically excluded from the scope of ASC Topic 606.Three Months Ended March 31,20252024TotalRevenue fromTotalRevenue fromRecordedContracts withRecordedContracts withRevenueCustomersRevenueCustomers(In thousands)Total Interest Income$406,655 $— $478,704 $— Noninterest Income:   Service charges on deposit accounts4,543 4,543 4,705 4,705    Other commissions and fees9,958 5,403 8,142 4,983    Leased equipment income10,784 — 11,716 —    Gain (loss) on sale of loans211 — (448)—    Dividends and gains on equity investments2,323 — 3,068 —    Warrant (loss) income(295)— 178 — LOCOM HFS adjustment— — 330 —    Other income6,126 246 6,125 93       Total noninterest income (loss)33,650 10,192 33,816 9,781 Total Revenue$440,305 $10,192 $512,520 $9,781 The following table presents revenue from contracts with customers based on the timing of revenue recognition for the periods indicated:  Three Months EndedMarch 31,20252024(In thousands)Products and services transferred at a point in time$4,553 $4,878 Products and services transferred over time5,639 4,903 Total revenue from contracts with customers$10,192 $9,781 Contract BalancesThe following table provides information about receivables, contract assets, and contract liabilities from contracts with customers as of the dates indicated:March 31, 2025December 31, 2024(In thousands)Receivables, which are included in "Other assets"$1,718 $1,679 Contract liabilities,