Company: BANC-PF
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001628280-25-009438
Chunk: 479

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1B
Chunk 479
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 and diluted net earnings (loss) per share for the years indicated: Year Ended December 31, 2024(In thousands, except per share amounts)Non-VotingClass BCommon VotingNon-VotingStock CommonCommonEquivalentsTotalBasic Earnings Per Share: (1)Net earnings available to common and equivalent stockholders$81,619 $246 $5,235 $87,100 Less: Earnings allocated to unvested restricted stock (2)58 — — 58 Net earnings allocated to common and equivalent shares$81,677 $246 $5,235 $87,158 Weighted average basic shares and unvested restricted stock outstanding158,321 477 10,123 168,921 Less: weighted average unvested restricted stock outstanding(480)— — (480)Weighted average basic shares outstanding157,841 477 10,123 168,441 Basic earnings per share$0.52 $0.52 $0.52 $0.52 Diluted Earnings Per Share: (3)Net earnings allocated to common and equivalent shares$81,619 $246 $5,235 $87,100 Weighted average diluted shares outstanding158,084 477 10,123 168,684 Diluted earnings per share $0.52 $0.52 $0.52 $0.52 ______________________________(1)    Basic earnings per share is using the two-class method.(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 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)— — — —