Below are the financial statements of Banc of California, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Interest income | — | — | — |
| Loans and leases | 1,501.53a | 1,496.36a | 1,312.58a |
| Investment securities | 140.79a | 175a | 209.75a |
| Deposits in financial institutions | 170.38a | 299.65a | 34.16a |
| Total interest income | 1,812.71a | 1,971a | 1,556.49a |
| Interest expense | — | — | — |
| Deposits | -715.98a | -748.42a | -200.45a |
| Borrowings | -104.4a | -416.74a | -25.65a |
| Subordinated debt | -66.27a | -58.71a | -39.63a |
| Total interest expense | -886.66a | -1,223.87a | -265.73a |
| Net interest income | 926.05a | 747.13a | 1,290.76a |
| Provision for credit losses | -42.8a | -52a | -24.5a |
| Net interest income after provision for credit losses | 883.25a | 695.13a | 1,266.26a |
| Noninterest income | — | — | — |
| Leased equipment income | 51.11a | 63.17a | 50.59a |
| Other commissions and fees | 33.26a | 38.09a | 43.64a |
| Service charges on deposit accounts | 18.58a | 16.47a | 13.99a |
| Gain (loss) on sale of loans and leases | 0.65a | -161.35a | 0.52a |
| Loss on sale of securities | -60.4a | -442.41a | -50.32a |
| Dividends and gains (losses) on equity investments | 7.98a | 15.73a | -3.39a |
| Warrant income (loss) | 0.41a | -0.72a | 2.49a |
| LOCOM HFS adjustment | 0.22a | -8.46a | 0a |
| Other income | 25.35a | 31.2a | 17.32a |
| Total noninterest income (loss) | 77.15a | -448.29a | 74.83a |
| Noninterest expense | — | — | — |
| Compensation | -341.4a | -332.35a | -406.84a |
| Insurance and assessments | -70.78a | -135.67a | -25.49a |
| Customer related expense | -129.47a | -124.1a | -55.27a |
| Occupancy | -67.99a | -61.67a | -60.96a |
| Information technology and data processing | -60.42a | -51.81a | -45.8a |
| Leased equipment depreciation | -29.27a | -34.24a | -35.66a |
| Other professional services | -20.86a | -24.62a | -30.28a |
| Loan expense | -17.31a | -20.46a | -24.57a |
| Intangible asset amortization | -33.14a | -11.42a | -13.58a |
| Acquisition, integration and reorganization costs | -14.18a | -142.63a | -5.7a |
| Goodwill impairment | 0a | -1,376.74a | -29a |
| Other expense | -35.29a | -142.47a | -40.38a |
| Total noninterest expense | -791.74a | -2,458.18a | -773.52a |
| Earnings (loss) before income taxes | 168.65a | -2,211.34a | 567.57a |
| Income tax expense (benefit) | -41.77a | -312.2a | -143.96a |
| Net earnings (loss) | 126.89a | -1,899.14a | 423.61a |
| Preferred stock dividends | 39.79a | 39.79a | 19.34a |
| Net earnings (loss) available to common and equivalent stockholders | 87.1a | -1,938.93a | 404.27a |
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