Welcome to our dedicated page for Banc Of California news (Ticker: BANC), a resource for investors and traders seeking the latest updates and insights on Banc Of California stock.
Banc of California, Inc. reports news on its commercial banking franchise, capital actions, and operating performance as the bank holding company for Banc of California. The bank provides banking, treasury management, lending, deposit, private banking, and payment processing services, with a focus on small-, middle-market, and venture-backed businesses.
Recurring updates cover quarterly earnings, net interest margin, loan production, deposit mix, credit metrics, capital ratios, book value, and operating leverage. Company announcements also include common and Series F preferred dividends, stock repurchase activity, subordinated debt actions, payments-business appointments, and services such as SmartStreet for the Community Association Management industry.
Banc of California (NYSE: BANC) declared a quarterly cash dividend of $0.12 per common share, payable October 1, 2026 to shareholders of record on September 15, 2026. The Board also declared a quarterly dividend of $0.4845 per depositary share on its 7.75% Series F preferred stock, payable September 1, 2026 to holders of record on August 20, 2026. The company additionally highlighted its Dividend Reinvestment Plan, allowing common shareholders to automatically buy shares at a 3% discount to market price.
Banc of California (NYSE: BANC) reported second quarter 2026 results featuring a strategic balance sheet repositioning and a net loss available to common and equivalent stockholders of $251.3 million, or $(1.61) per diluted share, reflecting large one-time charges from these actions.
The company sold $2.3 billion of lower-yielding securities, redeploying $1.7 billion into higher-yielding, shorter-duration assets, creating a 276 bps yield pickup but a $256.7 million pre-tax securities loss. It initiated the sale of $827.0 million of commercial real estate and multi-family construction loans and retired $385.0 million of subordinated debt ahead of a higher rate reset. Average loans grew $556.1 million (2.3%) and total deposits rose $799.0 million (2.9%), while net interest margin declined sequentially to 3.13%. Capital ratios remained above “well capitalized” levels, with an estimated Tier 1 ratio of 11.67% and CET1 of 9.25%, and book value and tangible book value per share were $18.38 and $16.44, respectively.
Banc of California (NYSE: BANC) will release its financial results for the quarter ended June 30, 2026 before the market opens on Wednesday, July 29, 2026. The company will hold a conference call the same day at 8:00 a.m. Pacific Time to discuss these results.
Investors can join by dialing (888) 317-6003 and using event code 9364475, or via a live audio webcast with slides on the investor relations website. An audio archive will be posted on the site within 24 hours after the call.
Allotera Therapeutics (NYSE:BANC), formerly Wugen, closed a $35 million financing round of equity and venture debt, bringing total capital raised to $150 million as an extension of its 2025 Series C.
Funds will mainly support the global pivotal T-RRex trial of Soficabtagene Geleucel (Sofi-cel) in relapsed or refractory T-ALL/T-LBL, expand platform capabilities, scale operations, and grow the team. Allotera also formed a strategic partnership with Blood Cancer United, whose TAP program will provide scientific expertise, clinical trial support, patient education, and community engagement resources.
Banc of California (NYSE: BANC) announced quarterly cash dividends: $0.12 per common share payable July 1, 2026 to holders of record June 15, 2026, and $0.4845 per depositary share on its 7.75% Non‑Cumulative Perpetual Preferred Stock, Series F, payable June 1, 2026 to holders of record May 21, 2026.
The Series F depositary shares trade under the Banc/PF symbol. The company maintains a Dividend Reinvestment Plan (DRIP) allowing eligible registered common stockholders to acquire shares at a 3% discount via Computershare.
Banc of California (NYSE: BANC) reported Q1 2026 diluted EPS of $0.39, a 50% increase year over year, with total revenue $286.9M (+8% YoY) and pre-tax, pre-provision income $105.6M (+28% YoY). Net interest margin widened to 3.24% and book value per share rose to $19.80.
The company repurchased $31.9M of common stock, extended a $300M buyback program through March 2027, and announced redemption plans for $385M of subordinated debt. Tangible book value per share was $17.77; estimated Tier 1 and CET1 ratios were 12.54% and 10.18%, respectively.
Banc of California (NYSE: BANC) will release first-quarter 2026 financial results for the period ended March 31, 2026 after market close on Wednesday, April 22, 2026. The company will host a conference call at 10:00 a.m. PT on Thursday, April 23, 2026 to discuss results.
Dial-in details, a live webcast, slide presentation, and an audio archive will be available on the company’s investor relations website; the audio archive will be posted within 24 hours after the call.
Banc of California (NYSE: BANC) extended its existing $300 million stock repurchase program through March 16, 2027, with approximately $83 million remaining available after repurchasing about $217 million to date (including $31 million in 2026).
The company also announced intent to redeem the entire outstanding $385 million aggregate principal amount of 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031, which reset to floating SOFR+252 bps on May 1, 2026 and are redeemable beginning that date at 100% of principal plus accrued interest.
Banc of California (NYSE: BANC) appointed Chris Healy as Executive Director, Head of Payments on February 17, 2026. Healy will lead expansion of the bank’s integrated payments solutions, including merchant acquiring, credit cards and the BancEdge processing platform, and will be based in Los Angeles.
Healy brings more than 20 years of payments and financial services leadership, most recently as Senior Vice President, Payments at Comerica, and will focus on scaling payments, deepening client engagement, and accelerating growth of BancEdge.
Banc of California (NYSE: BANC) announced a $0.12 per share quarterly cash dividend, a 20% increase versus the prior dividend. The common dividend is payable April 1, 2026 to holders of record on March 16, 2026.
The Board also declared a $0.4845 quarterly dividend on Series F depositary shares, payable March 2, 2026 to holders of record on February 19, 2026 (symbol "Banc/PF"). The company offers a Dividend Reinvestment Plan (DRIP) allowing registered common stockholders to buy shares at a 3% discount.