Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 129

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 129
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 Net earnings for diluted earnings per share$59,503 $179 $3,522 $59,682 Weighted average diluted shares outstanding149,188 477 9,386 159,051 Conversion of NVCE to Voting Common9,386 — — — Shares used in computation of diluted earnings per share158,574 477 9,386 159,051 Diluted earnings per share$0.38 $0.38 $0.38 $0.38  ________________________(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.

64

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

Nine Months Ended September 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$114,387 $360 $6,994 $121,741 Less: Earnings allocated to unvested restricted stock (1)(89)— — (89)Net earnings allocated to common and equivalent shares$114,298 $360 $6,994 $121,652 Weighted average basic shares and unvested restrictedstock outstanding151,677 477 9,266 161,420 Less: weighted average unvested restricted stock outstanding(144)— — (144)Weighted average basic shares outstanding151,533 477 9,266 161,276 Basic earnings per share$0.75 $0.75 $0.75 $0.75 Diluted Earnings Per Share:Net earnings available to common and equivalent stockholders$114,387 $360 $6,994 $121,741 Reallocation of net earnings as a result of conversion ofNVCE to Voting Common6,994 — — — Reallocation of net earnings2 (2)188 — Net earnings for diluted earnings per share$121,383 $358 $7,182 $121,741 Weighted average diluted shares outstanding151,959 477 9,557 161,993