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Banc of California, Inc. – ‘10-K’ for 12/31/23 – ‘EX-23.1’

On:  Thursday, 2/29/24, at 3:30pm ET   ·   For:  12/31/23   ·   Accession #:  1628280-24-7933   ·   File #:  1-35522

Previous ‘10-K’:  ‘10-K’ on 2/27/23 for 12/31/22   ·   Latest ‘10-K’:  This Filing   ·   14 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/29/24  Banc of California, Inc.          10-K       12/31/23  178:41M                                    Workiva Inc Wde… FA01/FA

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   8.27M 
 2: EX-3.1      Articles of Incorporation/Organization or Bylaws    HTML    548K 
 4: EX-10.10    Material Contract                                   HTML     76K 
 3: EX-10.9     Material Contract                                   HTML    138K 
 5: EX-21.1     Subsidiaries List                                   HTML     44K 
 6: EX-23.1     Consent of Expert or Counsel                        HTML     44K 
11: EX-97       Clawback Policy re: Recovery of Erroneously         HTML     64K 
                Awarded Compensation                                             
 7: EX-31.1     Certification -- §302 - SOA'02                      HTML     48K 
 8: EX-31.2     Certification -- §302 - SOA'02                      HTML     48K 
 9: EX-32.1     Certification -- §906 - SOA'02                      HTML     46K 
10: EX-32.2     Certification -- §906 - SOA'02                      HTML     46K 
17: R1          Document and Entity Information                     HTML    118K 
18: R2          Consolidated Balance Sheets                         HTML    172K 
19: R3          Consolidated Balance Sheets (Parenthetical)         HTML     63K 
20: R4          Consolidated Statements of Earnings                 HTML    171K 
21: R5          Consolidated Statements of Comprehensive Income     HTML    105K 
22: R6          Consolidated Statements of Stockholders' Equity     HTML    100K 
23: R7          Consolidated Statements of Stockholders' Equity     HTML     62K 
24: R8          Consolidated Statements of Cash Flows               HTML    205K 
25: R9          Nature of Operations and Summary of Significant     HTML    168K 
                Accounting Policies                                              
26: R10         Business Combinations                               HTML    135K 
27: R11         Restricted Cash Balances                            HTML     48K 
28: R12         Investment Securities                               HTML    526K 
29: R13         Loans and Leases                                    HTML   1.36M 
30: R14         Premises and Equipment, Net                         HTML     59K 
31: R15         Goodwill and Other Intangible Assets                HTML     84K 
32: R16         Other Assets                                        HTML     68K 
33: R17         Leases                                              HTML     91K 
34: R18         Deposits                                            HTML     72K 
35: R19         Borrowings and Subordinated Debentures              HTML    151K 
36: R20         Derivatives                                         HTML     76K 
37: R21         Commitments and Contingencies                       HTML     61K 
38: R22         Fair Value Option                                   HTML     59K 
39: R23         Fair Value Measurements                             HTML    324K 
40: R24         Income Taxes                                        HTML    147K 
41: R25         Earnings (Loss) Per Share                           HTML    104K 
42: R26         Revenue From Contracts With Customers Revenue From  HTML    114K 
                Contracts With Customers (Notes)                                 
43: R27         Stock-Based Compensation                            HTML     81K 
44: R28         Benefit Plans                                       HTML     51K 
45: R29         Stockholders' Equity                                HTML     69K 
46: R30         Dividend Availability and Regulatory Matters        HTML    114K 
47: R31         Condensed Financial Information Of Parent Company   HTML    125K 
48: R32         Related Party Disclosures                           HTML     52K 
49: R33         Subsequent Events                                   HTML     48K 
50: R34         Nature of Operations and Summary of Significant     HTML   1.51M 
                Accounting Policies (Policies)                                   
51: R35         Business Combinations (Tables)                      HTML    128K 
52: R36         Investment Securities (Tables)                      HTML    538K 
53: R37         Loans and Leases (Tables)                           HTML   2.74M 
54: R38         Premises and Equipment, Net Premises and            HTML     57K 
                Equipment, Net (Tables)                                          
55: R39         Goodwill and Other Intangible Assets (Tables)       HTML     87K 
56: R40         Other Assets (Tables)                               HTML     63K 
57: R41         Leases Leases (Tables)                              HTML     92K 
58: R42         Deposits Deposits (Tables)                          HTML     72K 
59: R43         Borrowings and Subordinated Debentures (Tables)     HTML    142K 
60: R44         Derivatives (Tables)                                HTML     98K 
61: R45         Commitments and Contingencies (Tables)              HTML     56K 
62: R46         Fair Value Option (Tables)                          HTML     60K 
63: R47         Fair Value Measurements (Tables)                    HTML    313K 
64: R48         Income Taxes (Tables)                               HTML    145K 
65: R49         Earnings (Loss) Per Share (Tables)                  HTML    106K 
66: R50         Revenue From Contracts With Customers Revenue From  HTML    108K 
                Contracts With Customers (Tables)                                
67: R51         Stock-Based Compensation Stock-Based Compensation   HTML     70K 
                (Tables)                                                         
68: R52         Stockholders' Equity (Tables)                       HTML     54K 
69: R53         Dividend Availability and Regulatory Matters        HTML    102K 
                Dividend Availability and Regulatory Matters                     
                (Tables)                                                         
70: R54         Condensed Financial Information Of Parent Company   HTML    128K 
                Condensed Financial Information Of Parent Company                
                (Tables)                                                         
71: R55         Nature of Operations and Summary of Significant     HTML     79K 
                Accounting Policies (Details Textual)                            
72: R56         Ownership of Combined Company (Details)             HTML     62K 
73: R57         Hypothetical PACW issue to give BANC (Details)      HTML     56K 
74: R58         Purchase Price Based on Hypothetical Numbers        HTML     54K 
                (Details)                                                        
75: R59         Ownership Distribution Post Close (Details)         HTML     57K 
76: R60         Purchase Price Consideration (Details)              HTML    101K 
77: R61         PCD Loans at Acquisition (Details)                  HTML     51K 
78: R62         Merger Expenses for BANC (Details)                  HTML     60K 
79: R63         Unaudited Pro Forma Interest Net Earnings           HTML     58K 
                (Details)                                                        
80: R64         Business Combinations (Details Textual)             HTML    103K 
81: R65         Restricted Cash Balances (Details)                  HTML     61K 
82: R66         Investment Securities - Securities Available for    HTML    110K 
                Sale (Details)                                                   
83: R67         Investment Securities - Realized Gains and Losses   HTML     54K 
                on Securities Available-for-Sale (Details)                       
84: R68         Investment Securities - Unrealized Losses on        HTML    105K 
                Securities Available-for-Sale (Details)                          
85: R69         Investment Securities - Contractual Maturities of   HTML    135K 
                Securities Available-for-Sale (Details)                          
86: R70         Investment Securities - Held-to-Maturity (Details)  HTML     93K 
87: R71         Investment Securities - Allowance for Credit        HTML     67K 
                Losses on Held-to-Maturity (Details)                             
88: R72         Investment Securities - Credit Quality Indicators   HTML    131K 
                (Details)                                                        
89: R73         Investment Securities - Contractual Maturities of   HTML    118K 
                Securities Held-to-Maturity (Details)                            
90: R74         Investment Securities - Interest Income on          HTML     54K 
                Investment Securities (Details)                                  
91: R75         Investment Securities - Narrative (Details)         HTML     66K 
92: R76         Loans and Leases Composition of Loans and Leases    HTML     80K 
                Held for Investment (Details)                                    
93: R77         Loans and Leases Aging Analysis of Loans and        HTML    137K 
                Leases Held for Investment (Details)                             
94: R78         Loans and Leases Nonaccrual and Performing Loans    HTML    100K 
                and Leases Held for Investment (Details)                         
95: R79         Loans and Leases Credit Risk Rating Categories      HTML    148K 
                (Details)                                                        
96: R80         Loans and Leases Nonaccrual Loans and Leases by     HTML     98K 
                Loan Portfolio Segment and Class (Details)                       
97: R81         Loans and Leases Credit Quality Indicator and Year  HTML    782K 
                of Origination (Details)                                         
98: R82         Loans and Leases Loan Modifications by Type         HTML     81K 
                (Details)                                                        
99: R83         Loans and Leases Financial Effect of Loan           HTML     73K 
                Modification (Details)                                           
100: R84         Loans and Leases Modified Loan Payment Status       HTML     84K  
                (Details)                                                        
101: R85         Subsequently Defaulted Loans Modified (Details)     HTML     51K  
102: R86         Loans and Leases TDRs (Details)                     HTML    104K  
103: R87         Loans and Leases Receivable Income - Leases         HTML     47K  
                (Details)                                                        
104: R88         Loans and Leases Receivable - Leases (Details)      HTML     53K  
105: R89         Loans and Leases Maturities of Lease Receivables    HTML     66K  
                (Details)                                                        
106: R90         Loans and Leases Allowance for Loan and Leases      HTML    104K  
                Held for Investment (Details)                                    
107: R91         Loans and Leases Collateral-Dependent (Details)     HTML     65K  
108: R92         Loans and Leases Allowance for Credit Losses        HTML     90K  
                (Details)                                                        
109: R93         Loans and Leases Textual (Details)                  HTML     83K  
110: R94         Premises and Equipment, Net (Details)               HTML     63K  
111: R95         Premises and Equipment, Net (Details Textual)       HTML     47K  
112: R96         Goodwill and Other Intangible Assets (Details)      HTML     62K  
113: R97         Goodwill and Other Intangible Assets (Details 1)    HTML     67K  
114: R98         Goodwill and Other Intangible Assets (Details 2)    HTML     61K  
115: R99         Goodwill and Other Intangible Assets (Details       HTML     64K  
                Textual)                                                         
116: R100        Other Assets Other Assets (Details)                 HTML     71K  
117: R101        Components of Lease Expense (Details)               HTML     56K  
118: R102        Supplemental Cash Flow (Details)                    HTML     49K  
119: R103        Supplemental Balance Sheet (Details)                HTML     58K  
120: R104        Maturities of Operating Leases (Details)            HTML     64K  
121: R105        Contractual Rental Payments (Details)               HTML     80K  
122: R106        Leases Leases (Details Textuals)                    HTML     52K  
123: R107        Deposits Deposits (Details)                         HTML     56K  
124: R108        Deposits Deposits (Details 1)                       HTML     68K  
125: R109        Deposits (Details Textual)                          HTML     51K  
126: R110        Borrowings and Subordinated Debentures (Details)    HTML     94K  
127: R111        Borrowings and Subordinated Debentures (Details 1)  HTML    145K  
128: R112        Borrowings and Subordinated Debentures (Details     HTML    116K  
                Textual)                                                         
129: R113        Derivatives (Details)                               HTML     85K  
130: R114        Derivatives Narrative (Details)                     HTML     67K  
131: R115        Commitments and Contingencies (Details)             HTML     50K  
132: R116        Commitments and Contingencies Commitments and       HTML     51K  
                Contingencies (Details 1)                                        
133: R117        Commitments and Contingencies (Details Textual)     HTML     48K  
134: R118        Changes in Fair Value Credit-linked Notes           HTML     50K  
                (Details)                                                        
135: R119        Fair Value Option - Changes in Fair Value           HTML     52K  
                (Details)                                                        
136: R120        Fair Value Option (Details Textual)                 HTML     54K  
137: R121        Fair Value Measurements Assets and Liabilities      HTML    152K  
                Measured and Recorded (Details)                                  
138: R122        Fair Value Measurements Assets and Liabilities      HTML     69K  
                Measured and Recorded Assumptions (Details)                      
139: R123        Fair Value Measurements Quantitative Inputs and     HTML     59K  
                Assumptions Leve 3 Corporate Debt Securities                     
                (Details)                                                        
140: R124        Fair Value Measurements Level 3 Equity Warrants     HTML     64K  
                Quantitative inputs and Assumptions (Details)                    
141: R125        Fair Value Measurements Level 3 Private Label       HTML     55K  
                Residential CMOs (Details)                                       
142: R126        Fair Value Measurements Level 3 Private Label       HTML     63K  
                Commerical MBS and Corporate Debt Securities                     
                (Details)                                                        
143: R127        Fair Value Measurements Level 3 Equity Warrants at  HTML     60K  
                Fair Value (Details)                                             
144: R128        Fair Value Measurements - Credit Link Level 3       HTML     61K  
                (Details)                                                        
145: R129        Fair Value Measurements Assets at Fair Value on     HTML     68K  
                Non-Recurring (Details)                                          
146: R130        Fair Value Measurements Losses Recognized on        HTML     54K  
                Assets Measured (Details)                                        
147: R131        Fair Value Measurements Valuation Methodology and   HTML     75K  
                Unobservable Inputs for Level 3 (Details)                        
148: R132        Fair Value Measurements Carrying Amounts and        HTML    174K  
                Estimated Fair Values (Details)                                  
149: R133        Fair Value Measurements Narrative (Details)         HTML     56K  
150: R134        Income Taxes (Details)                              HTML     67K  
151: R135        Income Taxes (Details 1)                            HTML     80K  
152: R136        Income Taxes (Details 2)                            HTML    117K  
153: R137        Income Taxes (Details 3)                            HTML     58K  
154: R138        Income Taxes (Details Textual)                      HTML     69K  
155: R139        Earnings (Loss) Per Share (Details)                 HTML    134K  
156: R140        Earnings (Loss) Per Share (Details 1)               HTML     58K  
157: R141        Revenue From Contracts With Customers Revenue From  HTML    106K  
                Contracts With Customers (Details)                               
158: R142        Revenue From Contracts With Customers Revenue From  HTML     53K  
                Contracts With Customers (Details 1)                             
159: R143        Revenue From Contracts With Customers Revenue From  HTML     51K  
                Contracts With Customers (Details 2)                             
160: R144        Revenue From Contracts With Customers Revenue From  HTML     47K  
                Contracts With Customers (Details Textuals)                      
161: R145        Stock-Based Compensation Stock-Based Compensation   HTML     84K  
                (Details)                                                        
162: R146        Stock-Based Compensation Stock-Based Compensation   HTML    104K  
                (Details Textual)                                                
163: R147        Benefit Plans Benefit Plans (Details Textual)       HTML     48K  
164: R148        Shareholders' Equity (Details)                      HTML     51K  
165: R149        Stockholders' Equity Narrative (Details)            HTML    163K  
166: R150        Dividend Availability and Regulatory Matters        HTML     98K  
                Dividend Availability and Regulatory Matters                     
                (Details)                                                        
167: R151        Dividend Availability and Regulatory Matters        HTML    101K  
                Dividend Availability and Regulatory Matters                     
                (Details Textual)                                                
168: R152        Condensed Financial Information Of Parent Company   HTML     97K  
                Condensed Financial Information Of Parent Company                
                (Details)                                                        
169: R153        Condensed Financial Information Of Parent Company   HTML    103K  
                Condensed Financial Information Of Parent Company                
                (Details 1)                                                      
170: R154        Condensed Financial Information Of Parent Company   HTML    110K  
                Condensed Financial Information Of Parent Company                
                (Details 2)                                                      
171: R155        Related Party Disclosures (Details Textual)         HTML     57K  
172: R156        Subsequent Events Subsequent Events (Details        HTML     53K  
                Textual)                                                         
173: R9999       Uncategorized Items - banc-20231231.htm             HTML     99K  
175: XML         IDEA XML File -- Filing Summary                      XML    335K  
178: XML         XBRL Instance -- banc-20231231_htm                   XML  13.03M  
174: EXCEL       IDEA Workbook of Financial Report Info              XLSX    500K  
13: EX-101.CAL  XBRL Calculations -- banc-20231231_cal               XML    460K 
14: EX-101.DEF  XBRL Definitions -- banc-20231231_def                XML   2.43M 
15: EX-101.LAB  XBRL Labels -- banc-20231231_lab                     XML   3.85M 
16: EX-101.PRE  XBRL Presentations -- banc-20231231_pre              XML   3.05M 
12: EX-101.SCH  XBRL Schema -- banc-20231231                         XSD    458K 
176: JSON        XBRL Instance as JSON Data -- MetaLinks              986±  1.55M  
177: ZIP         XBRL Zipped Folder -- 0001628280-24-007933-xbrl      Zip   1.46M  


‘EX-23.1’   —   Consent of Expert or Counsel


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  Document  

Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the registration statements (Nos. 333-218010 and 333-256041) on Form S-8 and (No. 333-253712) on Form S-3 of our report dated February 29, 2024, with respect to the consolidated financial statements of Banc of California, Inc. and the effectiveness of internal control over financial reporting.



/s/ KPMG LLP
Irvine, California
February 29, 2024


Dates Referenced Herein

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/29/24None on these Dates
For Period end:12/31/23
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/10/24  Banc of California, Inc.          10-Q        3/31/24  122:27M                                    Workiva Inc Wde… FA01/FA
 3/01/24  Banc of California, Inc.          424B7                  2:647K                                   Broadridge Fin’l So… Inc


12 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/01/23  Banc of California, Inc.          8-K:1,2,3,411/28/23   21:1.8M                                   Broadridge Fin’l So… Inc
10/19/23  Banc of California, Inc.          S-4/A                  7:11M                                    Broadridge Fin’l So… Inc
 8/08/23  Banc of California, Inc.          10-Q        6/30/23  116:22M
 7/28/23  Banc of California, Inc.          8-K:1,3,9   7/25/23   14:2.1M                                   Broadridge Fin’l So… Inc
 5/15/23  Banc of California, Inc.          8-K:5,8,9   5/11/23   11:378K
 2/08/22  Banc of California, Inc.          8-K:5,9     2/07/22   12:7.9M
11/06/20  Banc of California, Inc.          10-Q        9/30/20  116:24M
 8/07/20  Banc of California, Inc.          10-Q        6/30/20  115:29M
 5/02/19  Banc of California, Inc.          8-K:5       5/01/19    2:49K
 8/17/18  Banc of California, Inc.          S-8         8/17/18   14:416K                                   Donnelley … Solutions/FA
 2/08/17  Banc of California, Inc.          8-K:1,5,8,9 2/07/17    5:120K                                   Donnelley … Solutions/FA
 2/18/16  Banc of California, Inc.          10-K       12/31/15  198:42M
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Filing Submission 0001628280-24-007933   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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