Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 182

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 182
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. We had $0.2 million and $0.6 million accrued for the payment of interest and penalties as of December 31, 2024 and 2023.  We file federal and state income tax returns with the Internal Revenue Service (“IRS”) and various state and local jurisdictions and generally remain subject to examinations by these tax jurisdictions for tax years 2020 through 2023. We are currently under examination by the IRS and certain state and local jurisdictions for various tax years ranging between 2014 and 2022.

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BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements

NOTE 17.  EARNINGS (LOSS) PER SHARE The following tables present the computation of basic and diluted net earnings (loss) per share for the years indicated: Year Ended December 31, 2024(In thousands, except per share amounts)Non-VotingClass BCommon VotingNon-VotingStock CommonCommonEquivalentsTotalBasic Earnings Per Share: (1)Net earnings available to common and equivalent stockholders$81,619 $246 $5,235 $87,100 Less: Earnings allocated to unvested restricted stock (2)58 — — 58 Net earnings allocated to common and equivalent shares$81,677 $246 $5,235 $87,158 Weighted average basic shares and unvested restricted stock outstanding158,321 477 10,123 168,921 Less: weighted average unvested restricted stock outstanding(480)— — (480)Weighted average basic shares outstanding157,841 477 10,123 168,441 Basic earnings per share$0.52 $0.52 $0.52 $0.52 Diluted Earnings Per Share: (3)Net earnings allocated to common and equivalent shares$81,619 $246 $5,235 $87,100 Weighted average diluted shares outstanding158,084 477 10,123 168,684 Diluted earnings per share $0.52 $0.52 $0.52 $0.52 ______________________________(1)    Basic earnings per share is using the two-class method.(2)     Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings available to holders of unvested restricted stock, if