Company: LAZ
Filing Date: 2025-10-27
Form Type: 10-Q
Source: 0001311370-25-000052
Chunk: 52

Company: Lazard, Inc.
Filing Date: 2025-10-27
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 - September 30, 2025112,746,606$1,127 $293,012 $1,493,261 $(272,950)17,868,792$(672,928)$841,522 $37,104 $878,626 $78,518 

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(a)In the third quarter of 2025, Lazard, Inc. purchased 19,485 shares of common stock which were immediately canceled by the Company and therefore were not included in treasury stock. There was no impact on total stockholders' equity as a result of the share cancellation.

See notes to condensed consolidated financial statements.8

LAZARD, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS

FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30, 2025

(UNAUDITED)

(dollars in thousands)

Common StockAdditional Paid-In- CapitalRetained EarningsAccumulatedOtherComprehensiveIncome (Loss), Net of TaxCommon StockHeld By SubsidiariesTotalLazardStockholders’ EquityNoncontrolling InterestsTotal Stockholders’ EquityRedeemableNoncontrollingInterestsShares$Shares$Balance - January 1, 2025112,766,091$1,128 $327,810 $1,472,113 $(326,742)22,467,315$(838,069)$636,240 $48,914 $685,154 $79,629 Comprehensive income:Net income 186,968 186,968 1,693 188,661 8,145 Other comprehensive income - net of tax53,792 53,792 67 53,859 Amortization of share-based incentive compensation275,674 275,674 4,574 280,248 Dividend equivalents25,913 (26,617)(704)(12,445)(13,149)Common stock dividends ($1.50 per share)(139,203)(139,203)(139,203)Purchase and cancellation of common    stock (a)(19,485)(1)(1,083)859,849 (39,928)(41,012)(41,012)Delivery of common stock in connection with share-based incentive compensation and related tax expense of $12,942(333,198