Company: BANC-PF
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001169770-25-000029
Chunk: 127

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Item 8
Chunk 127
---
763 Cash flow hedges1,442 1,442 — 1,442 — Interest rate and foreign exchange contracts7,031 7,031 — 7,031 — Servicing rights19,623 21,040 — — 21,040 Financial Liabilities:Demand, checking, money market, and savings deposits22,625,485 22,625,485 — 22,625,485 — Time deposits4,566,424 4,556,575 — 4,556,575 — Borrowings1,391,814 1,382,742 — 1,263,904 118,838 Subordinated debt941,923 901,532 — 901,532 — Interest rate and foreign exchange contracts7,562 7,562 — 7,562 — 

61

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

LimitationsFair value estimates are made at a specific point in time and are based on relevant market information and information about the financial instrument. These estimates do not reflect income taxes or any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a portion of the Company’s financial instruments, fair value estimates are based on what management believes to be reasonable judgments regarding expected future cash flows, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimated fair values are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Since the fair values have been estimated as of June 30, 2025, the amounts that will actually be realized or paid at settlement or maturity of the instruments could be significantly different.

NOTE 13.  EARNINGS PER SHARE 

The following tables present the computations of basic and diluted net earnings per share by class of common stock for the periods indicated:Three 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$17,243 $55 $1,140 $18,438 Less: Earnings allocated to