Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 480

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 480
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 (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 that were not included in the computation of diluted (loss) earnings per share because their effect would be anti-dilutive for the years ended December 31, 2024, 2023, and 2022:Year Ended December 31, 202420232022(In ones)Restricted stock awards and units 480 1,169,407 1,604,412 Warrants18,902 1,604,733 — 

189

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

 NOTE 18. REVENUE FROM CONTRACTS WITH CUSTOMERS

Revenue from contracts with customers is measured based on the consideration specified in the contract with a customer, and excludes