Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 77

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 77
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,909 30,401,769 Borrowings (including $118,838 and $123,116 at fair value, respectively)1,391,814 2,911,322 Subordinated debt941,923 936,599 Accrued interest payable and other liabilities517,269 893,609 Total liabilities30,042,915 35,143,299 Commitments and contingencies (Note 13)STOCKHOLDERS' EQUITY:Preferred stock498,516 498,516 Common stock ($0.01 par value, 158,557,735 shares issued and 158,346,529 outstanding at December 31, 2024; 157,651,752 shares issued and 156,790,349 outstanding at December 31, 2023) 1,586 1,577 Class B non-voting common stock ($0.01 par value, 477,321 shares issued at December 31, 2024  and 477,321 shares issued at December 31, 2023)5 5 Non-voting common stock equivalents ($0.01 par value, 9,790,600 shares issued atDecember 31, 2024 and 10,829,990 shares issued at December 31, 2023)98 108 Additional paid-in capital3,785,725 3,840,974 Retained deficit(431,201)(518,301)Accumulated other comprehensive loss, net(354,780)(432,114)Total stockholders' equity3,499,949 3,390,765 Total liabilities and stockholders' equity$33,542,864 $38,534,064 

See accompanying Notes to Consolidated Financial Statements.

112

BANC OF CALIFORNIA, INC. AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) 

 Year Ended December 31, 202420232022 (In thousands, except per share amounts)Interest income:Loans and leases$1,501,534 $1,496,357 $1,312,580 Investment securities140,794 174,996 209,751 Deposits in financial institutions170,377 299,647 34,158 Total interest income1,812,705 1,971,000 1,556,489 Interest expense