Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 128

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 128
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 unvested restricted stock (1)(5)— — (5)Net earnings allocated to common and equivalent shares$17,238 $55 $1,140 $18,433 Weighted average basic shares and unvested restrictedstock outstanding148,236 477 9,791 158,504 Less: weighted average unvested restricted stock outstanding(150)— — (150)Weighted average basic shares outstanding148,086 477 9,791 158,354 Basic earnings per share$0.12 $0.12 $0.12 $0.12 Diluted Earnings Per Share:Net earnings allocated to common and equivalent shares$17,243 $55 $1,140 $18,438 Weighted average diluted shares outstanding148,194 477 9,791 158,462 Diluted earnings per share$0.12 $0.12 $0.12 $0.12  ________________________(1)    Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.

62

BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements (Unaudited)

Six Months Ended June 30, 2025Non-VotingClass BCommon VotingNon-VotingStock TotalCommonCommonEquivalentsCommon(In thousands, except per share amounts)Basic Earnings Per Share:Net earnings available to common and equivalent stockholders$58,159 $181 $3,719 $62,059 Less: Earnings allocated to unvested restricted stock (1)(49)— — (49)Net earnings allocated to common and equivalent shares$58,110 $181 $3,719 $62,010 Weighted average basic shares and unvested restrictedstock outstanding153,304 477 9,791 163,572 Less: weighted average unvested restricted stock outstanding(176)— — (176)Weighted average basic shares outstanding153,128 477 9,791 163,396 Basic earnings per share$0.38 $0.38 $0.38 $0.38 Diluted Earnings Per Share:Net earnings allocated to common and equivalent shares$58,159