Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 23

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 2
Chunk 23
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 a balance sheet repositioning initiative, which was partially offset by a $9.0 million decrease in leased equipment income, as the prior year benefited from higher gains from early lease terminations and sale of leased assets. 

90

Noninterest Expense

The following table summarizes noninterest expense by category for the periods indicated:

Three Months EndedNine Months EndedSeptember 30,June 30,September 30,Noninterest Expense2025202520252024(In thousands)Compensation$88,865 $88,362 $263,644 $263,735 Customer related expense26,227 26,577 80,555 97,799 Occupancy15,415 15,473 45,898 52,315 Information technology and data processing13,535 13,073 41,707 45,872 Insurance and assessments8,994 9,403 25,680 59,600 Intangible asset amortization7,160 7,159 21,479 25,373 Leased equipment depreciation6,750 6,700 20,191 22,175 Other professional services5,394 6,406 16,313 15,359 Loan expense4,947 4,050 11,927 12,817 Other8,397 8,666 27,812 28,485 Total operating expense185,684 185,869 555,206 623,530 Acquisition, integration and reorganization costs— — — (13,160)Total noninterest expense$185,684 $185,869 $555,206 $610,370 

Third Quarter of 2025 Compared to Second Quarter of 2025 

Noninterest expense remained relatively flat at $185.7 million for the third quarter compared to $185.9 million for the second quarter.

Nine Months Ended September 30, 2025 Compared to Nine Months Ended September 30, 2024

Noninterest expense decreased by $55.2 million to $555.2 million for the nine-month period ended September 30, 2025 due mainly to decreases of $33.9 million in insurance and assessments, $17.2 million in customer related expenses, $6.4 million in occupancy, and $10.7 million in all of the other expense categories, offset partially by an increase of $13.2 million in acquisition, integration and reorganization