Banc Of California Inc Stock Price, News & Analysis

Banc of California (NYSE:BANC) announced its participation in the upcoming Barclays 23rd Annual Global Financial Services Conference in New York from September 8-10, 2025. Chairman and CEO Jared Wolff will engage with investors and participate in a fireside chat scheduled for September 9th at 10:30 a.m. ET. Investors can access the live audio webcast and replay of the fireside chat through the company's investor relations website.

Banc of California (NYSE: BANC) has announced its latest quarterly dividend payments. The company declared a quarterly cash dividend of $0.10 per share on common stock, payable on October 1, 2025, to stockholders of record as of September 15, 2025.

Additionally, a quarterly cash dividend of $0.4845 per depositary share was declared on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F, payable September 1, 2025, to stockholders of record as of August 21, 2025. The company also highlighted its Dividend Reinvestment Plan (DRIP), offering common stockholders the opportunity to acquire additional shares at a 3% discount from market price.

Banc of California (NYSE:BANC) has partnered with nonprofit Steadfast LA to launch a Small Business Initiative supporting wildfire-impacted businesses. The initiative, funded by a $1 million donation from Banc of California's Wildfire Relief & Recovery Fund, will provide grants of up to $50,000 to small businesses affected by the Eaton and Palisades Fires in Altadena, Malibu, and Pacific Palisades.

The program, announced by Steadfast LA founder Rick Caruso at CNBC's Small Business Playbook 2025 event, aims to help rebuild and support local businesses that represent over 90% of all businesses in LA County. Beyond financial support, the initiative includes a social media campaign to showcase business resilience and encourage consumer support. Eligible businesses can apply for grants through the Steadfast LA website, with applications reviewed on a rolling basis.

Banc of California (NYSE:BANC) reported Q2 2025 net earnings of $18.4 million, or $0.12 per diluted share, with adjusted earnings of $48.4 million ($0.31 per diluted share). Key highlights include 9% annualized loan growth to $24.7 billion and total deposits reaching $27.5 billion, up 1% from Q1.

The bank's performance featured strong revenue growth of $272.8 million (up 3%) and improved net interest margin of 3.10% (up 2 basis points). Notable actions included initiating a strategic sale of $506.7 million in loans and completing an $111.5 million share repurchase program. The quarter was impacted by a $20.2 million provision expense and a one-time $9.8 million tax expense due to California state tax changes.

Capital ratios remained robust with a 9.92% CET1 ratio, while book value per share increased to $18.58 (up 2%) and tangible book value reached $16.46 (up 2%) compared to Q1 2025.

Banc of California (NYSE:BANC) has scheduled its second quarter 2025 earnings release and conference call. The company will release its financial results after market close on Wednesday, July 23, 2025, followed by a conference call on Thursday, July 24, 2025 at 10:00 a.m. PT.

Investors can join the conference call by dialing (888) 317-6003 with event code 7565369. A live audio webcast and slide presentation will be available on the company's investor relations website, with an audio archive accessible within 24 hours after the call.

Banc of California (NYSE: BANC) has announced its quarterly dividend payments. The company declared a quarterly cash dividend of $0.10 per share on common stock, payable on July 1, 2025, to stockholders of record as of June 16, 2025. Additionally, a quarterly cash dividend of $0.4845 per depositary share was declared on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F, payable June 2, 2025, to stockholders of record as of May 19, 2025.

The company also highlighted its Dividend Reinvestment Plan (DRIP), which offers common stockholders the opportunity to acquire additional shares at a 3% discount from the market price through Computershare, the company's transfer agent.

Banc of California (NYSE: BANC) reported Q1 2025 net earnings of $43.6 million, or $0.26 per diluted share, compared to $47.0 million ($0.28/share) in Q4 2024. Key highlights include:

- Total loans grew 6% annualized to $24.1 billion
- Net interest margin increased to 3.08%, up 4 basis points from Q4
- Average cost of deposits declined by 14 basis points to 2.12%
- Strong capital position with 10.43% CET1 ratio

The company expanded its stock repurchase program from $150 million to $300 million, having already purchased $150 million worth of shares at $13.05 per share through April 21, 2025, representing 6.8% of outstanding shares. Credit quality remained strong with low net charge-offs at 0.24% of average loans, while maintaining an ACL ratio of 1.10%.

Banc of California (NYSE: BANC) announces its continued sponsorship of the 2025 Acura Grand Prix of Long Beach, marking the race's 50th anniversary. The event will run from April 11-13, 2025, celebrating five decades of motorsport excellence in Southern California.

As the official bank for 10 consecutive years since 2015, Banc of California's involvement highlights its commitment to community engagement. The Grand Prix, North America's longest-running major street circuit race, attracts approximately 200,000 attendees annually and generates around 700 regional jobs.

The event's impact extends beyond racing, with the Grand Prix Foundation contributing over $4.2 million to Southern California charities since 1991. The partnership between Banc of California, the third-largest California-based bank, and the Acura Grand Prix continues to enhance the event's prestige and community impact.

The Los Angeles Parks Foundation has received a $1 million donation from FireAid to restore the Pacific Palisades Playground, which was damaged in the Southern California wildfires in January. Additional support includes a $300,000 in-kind contribution from GameTime for equipment and a donation from Banc of California's Wildfire Relief & Recovery Fund, bringing total support to over $1.3 million.

The restoration project aims to modernize the playground by July 4th, 2025. The renovated facility will feature two adjacent playgrounds with rubber surfaces, catering to children aged 5-14. The new design will include integrated shade structures and a play fire truck honoring first responders. The Palisades Park and Recreation Center, located at 851 Alma Real Drive, has served the community for over 35 years.