Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 380

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 380
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321 9,790,600 

See accompanying Notes to Consolidated Financial Statements.

116

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF CASH FLOWS

 Year Ended December 31, 202420232022 (In thousands)Cash flows from operating activities:  Net earnings (loss)   $126,888 $(1,899,137)$423,613 Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:Goodwill impairment— 1,376,736 29,000 Depreciation and amortization  54,593 52,691 53,595 Amortization of net premiums on investment securities 23,809 37,488 52,749 Accretion of net purchased loan discounts and deferred loan fees(105,089)— — Amortization of intangible assets33,143 11,419 13,576 Amortization of operating lease ROU assets33,666 27,176 30,228 Provision for credit losses 42,801 52,000 24,500 Gain on sale of foreclosed assets, net(819)(586)(3,470)Provision for losses on foreclosed assets1,885 1,992 29 (Gain) loss on sale of loans and leases, net(645)161,346 (518)Loss (gain) on disposal of premises and equipment 647 (571)104 Loss on sale of securities, net60,400 442,413 50,321 Gain on BOLI death benefits(1,100)(416)— Unrealized (gain) loss on derivatives, foreign currencies, and credit-linked notes, net(276)5,629 (1,089)LOCOM HFS adjustment(215)8,461 — Earned stock compensation 15,448 28,697 34,769 Decrease (increase) in other assets167,973 (214,614)(83,666)(Decrease) increase in accrued interest payable and other liabilities(375,735)45,044 78,231 Net cash provided by operating activities77,374 135,768 701,972 Cash flows from investing activities:Cash acquired in acquisitions, net of cash consideration paid— 335,319 — Net (increase) decrease in