Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 183

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 183
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 any.(3)      Diluted earnings per share is using the treasury method.

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BANC OF CALIFORNIA, INC. AND SUBSIDIARIESNotes to Consolidated Financial Statements

Year EndedDecember 31,Year Ended December 31, 20232022(In thousands, except per share amounts)Non-VotingClass BCommon VotingNon-VotingStock Total CommonCommonEquivalentsTotalCommon (1)Basic (Loss) Earnings Per Share:Net (loss) earnings available to common and equivalentstockholders$(1,917,121)$(920)$(20,884)$(1,938,925)$404,274 Less: Earnings allocated to unvested restricted stock (2)— — — — (7,474)Net (loss) earnings allocated to common and equivalentshares$(1,917,121)$(920)$(20,884)$(1,938,925)$396,800 Weighted average basic shares and unvested restrictedstock outstanding85,603 40 920 86,563 78,875 Less: weighted average unvested restricted stock outstanding(1,169)— — (1,169)(1,604)Weighted average basic shares outstanding84,434 40 920 85,394 77,271 Basic (loss) earnings per share$(22.71)$22.71 $22.71 $(22.71)$5.14 Diluted (Loss) Earnings Per Share: (3)Net (loss) earnings allocated to common and equivalentshares$(1,917,121)$(920)$(20,884)$(1,938,925)$396,800 Weighted average diluted shares outstanding84,434 40 920 85,394 77,271 Diluted (loss) earnings per share$(22.71)$22.71 $22.71 $(22.71)$5.14 ______________________________(1)    Share amounts for 2022 have been restated by multiplying historical amounts by the Merger exchange ratio of 0.6569. (2)    Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings available to holders of unvested restricted stock, if any.(3)       Diluted earnings per share is using the two-class method.The following table presents the weighted average outstanding restricted shares and warrants