Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 137

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 137
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, decide how to allocate resources, determine dividend availability, establish management's compensation, and guide other strategic decisions. The accounting policies of the Commercial Banking segment are the same as those described in Note 1. Nature of Operations and Summary of Significant Accounting Policies, of our audited consolidated financial statements included in our Form 10-K. Additionally, the Company does not have intra-entity sales or transfers.The following presents our operating segment income statement, including significant expense categories, regularly reviewed by the CODM, and the reconciliation of segment net earnings to consolidated net earnings for the periods indicated:Three Months EndedSix Months EndedIncome Statement June 30,June 30,Commercial Banking Segment2025202420252024(Unaudited) (In thousands)Total interest income$420,509 $462,589 $827,164 $941,293 Total interest expense180,293 233,101 354,584 482,703 Net interest income240,216 229,488 472,580 458,590 Provision for credit losses39,100 11,000 48,400 21,000 Net interest income after provision for credit losses201,116 218,488 424,180 437,590 Noninterest income32,633 29,792 66,283 63,608 Noninterest expense:Compensation88,362 85,914 174,779 178,150 Customer related expense26,577 32,405 54,328 63,324 Occupancy15,473 17,455 30,483 35,423 Information technology and data processing13,073 15,459 28,172 30,877 Insurance and assessments9,403 26,431 16,686 46,892 Intangible asset amortization7,159 8,484 14,319 16,888 Leased equipment depreciation6,700 7,511 13,441 15,031 Other professional services6,406 5,183 10,919 10,258 Loan expense4,050 4,332 6,980 8,823 Acquisition, integration and reorganization costs— (12,650)— (12,650)Other expense(1)8,666 13,119 19,415 21,145 Total noninterest expense185,869 203,643 369,522 414,161