Company: BANC-PF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001169770-25-000024
Chunk: 121

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 8
Chunk 121
---
.26 $0.26 $0.25 $0.26  ________________________(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.

54

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

Three Months Ended March 31, 2024Non-VotingClass BCommon VotingNon-VotingStock TotalCommonCommonEquivalentsCommon(In thousands, except per share amounts)Basic Earnings Per Share:Net earnings available to common and equivalent stockholders$19,521 $59 $1,325 $20,905 Less: Earnings allocated to unvested restricted stock (1)(53)— — (53)Net loss allocated to common and equivalent shares$19,468 $59 $1,325 $20,852 Weighted average basic shares and unvested restrictedstock outstanding157,838 477 10,658 168,973 Less: weighted average unvested restricted stock outstanding(830)— — (830)Weighted average basic shares outstanding157,008 477 10,658 168,143 Basic earnings per share$0.12 $0.12 $0.12 $0.12 Diluted Earnings Per Share:Net earnings allocated to common and equivalent shares$19,468 $59 $1,325 $20,852 Weighted average diluted shares outstanding157,008 477 10,658 168,143 Diluted earnings per share$0.12 $0.12 $0.12 $0.12  ________________________(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 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 EndedMarch 31,20252024(In thousands)Restricted stock awards and units (1)202 830 Warrants18,902 18,902 

55

BANC OF CALIFORNIA, INC. AND SUBSIDI