Company: BANC-PF
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-050892
Chunk: 131

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 131
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Non-VotingStock TotalCommonCommonEquivalentsCommon(In thousands, except per share amounts)Basic Earnings Per Share:Net earnings available to common and equivalent stockholders$37,575 $114 $2,439 $40,128 Less: Earnings allocated to unvested restricted stock (1)27 — — 27 Net earnings allocated to common and equivalent shares$37,602 $114 $2,439 $40,155 Weighted average basic shares and unvested restrictedstock outstanding158,242 477 10,234 168,953 Less: weighted average unvested restricted stock outstanding(567)— — (567)Weighted average basic shares outstanding157,675 477 10,234 168,386 Basic earnings per share$0.24 $0.24 $0.24 $0.24 Diluted Earnings Per Share:Net earnings allocated to common and equivalent shares$37,602 $114 $2,439 $40,155 Weighted average diluted shares outstanding157,675 477 10,234 168,386 Diluted earnings per share$0.24 $0.24 $0.24 $0.24 ________________________(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.The terms of each class of the Company’s capital stock are described in Note 15. Stockholders’ Equity to the accompanying condensed consolidated financial statements.The following table presents the weighted average outstanding restricted shares and warrants that were not included in the computation of diluted earnings per share because their effect would be anti-dilutive for the periods indicated: Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024(In thousands)Restricted stock awards and units 81 300 144 567 Warrants— 18,902 — 18,902 

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

NOTE 14.  REVENUE FROM CONTRACTS WITH CUSTOMERS

Disaggregation of Revenue  The following table presents interest income and noninterest income, the components of total revenue, as disclosed in the condensed consolidated statements of earnings and the related