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

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 7
Chunk 25
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 Credit Losses on Held-to-Maturity Debt Securities, and Note 4. Investment Securities of the Notes to Consolidated Financial Statements contained in “Item 8. Financial Statements and Supplementary Data.”

Noninterest Income (Loss) 

The following table summarizes noninterest income (loss) by category for the years indicated:

Year Ended December 31, IncreaseIncreaseNoninterest Income (Loss) 2024(Decrease)2023(Decrease)2022(In thousands)Leased equipment income$51,109 $(12,058)$63,167 $12,581 $50,586 Other commissions and fees33,258 (4,828)38,086 (5,549)43,635 Service charges on deposit accounts18,583 2,115 16,468 2,477 13,991 Gain (loss) on sale of loans and leases645 161,991 (161,346)(161,864)518 Loss on sale of securities(60,400)382,013 (442,413)(392,092)(50,321)Dividends and gains (losses) on equity investments7,982 (7,749)15,731 19,120 (3,389)Warrant income (loss) 408 1,126 (718)(3,208)2,490 LOCOM HFS adjustment215 8,676 (8,461)(8,461)— Other income25,345 (5,856)31,201 13,884 17,317 Total noninterest income (loss) $77,145 $525,430 $(448,285)$(523,112)$74,827 

2024 Compared to 2023 

Noninterest income increased by $525.4 million to $77.1 million for the year ended December 31, 2024 compared to a loss of $448.3 million for the year ended December 31, 2023 due mainly to lower losses from the sale of securities of $382.0 million and from the sale of loans and leases of $162.0 million, offset partially by lower leased equipment income of $12.1 million. The Company sold $753.7 million in securities for a net loss of $60.4 million in the year ended December 31, 2024, compared to $2.7 billion in securities for a net loss of $442.