Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 79

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 79
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 income taxes168,654 (2,211,338)567,568 Income tax expense (benefit)41,766 (312,201)143,955 Net earnings (loss)126,888 (1,899,137)423,613 Preferred stock dividends39,788 39,788 19,339 Net earnings (loss) available to common and equivalent stockholders$87,100 $(1,938,925)$404,274 Earnings (loss) per share:Basic$0.52 $(22.71)$5.14 Diluted$0.52 $(22.71)$5.14 

See accompanying Notes to Consolidated Financial Statements. 

113

 BANC OF CALIFORNIA, INC. AND SUBSIDIARIES 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) 

Year Ended December 31, 202420232022(In thousands)Net earnings (loss) $126,888 $(1,899,137)$423,613 Other comprehensive income (loss), net of tax:Unrealized net holding gains (losses) on securities available-for-sale arising during the year11,987 16,525 (952,391)Income tax (expense) benefit related to net unrealized holding gains (losses) arising during the year(3,057)(3,938)262,049 Unrealized net holding gains (losses) on securities available-for-sale, net of tax8,930 12,587 (690,342)Reclassification adjustment for net losses included in net earnings (1)60,400 442,413 50,321 Income tax benefit related to reclassification adjustment(17,143)(120,797)(12,397)Reclassification adjustment for net losses included in net earnings, net of tax43,257 321,616 37,924 Unrealized net loss on securities transferred fromavailable-for-sale to held-to-maturity— — (218,326)Amortization of unrealized net loss on securities transferred from available-for-sale to held-to-maturity32,815 31,895 18,191 Income tax expense related to amortization of unrealized net loss on securities transferred from available-for-sale to held-to-maturity(9,312)(8,835)(4,318)Amortization of unrealized net loss on securities transferred from available-for-sale