Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 497

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 497
---
 Net (decrease) increase in cash and cash equivalents(93,503)(65,423)174,258 Cash and cash equivalents, beginning of year285,758 351,181 176,923 Cash and cash equivalents, end of year$192,255 $285,758 $351,181 

NOTE 24. SEGMENT REPORTING

The Company provides banking and treasury management services to small-, middle-market, and venture-backed businesses. The principal business activities of the Company are gathering deposits, originating and servicing loans and leases and investing in investment securities. The Company's CODM is the Chief Executive Officer.The Company operates as one reportable segment - Commercial Banking - based on how the CODM manages the business activities, which are described above. The CODM uses net earnings (loss) to evaluate income (loss) generated from segment assets, assess performance, 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. Additionally, the Company does not have intra-entity sales or transfers.

200

BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements

The following presents our operating segment income statement, including significant expense categories, regularly reviewed by the CODM, and the reconciliation of segment net earnings (loss) to consolidated net earnings (loss) for the year indicated:

 Year Ended December 31, 202420232022 (In thousands)Total interest income$1,812,705 $1,971,000 $1,556,489 Total interest expense886,655 1,223,872 265,727 Net interest income926,050 747,128 1,290,762 Provision for credit losses42,801 52,000 24,500 Net interest income after provision for credit losses883,249 695,128 1,266,262 Noninterest income (loss)77,145 (448,285)74,827 Noninterest expense:Compensation341,396 332,353 406,839 Insurance and assessments70,779 135,666 25,486 Customer related expense129,471 124,104 55,273 Occupancy67,993 61,668 60,964 Information technology and data processing60