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Banc of California Inc - BANC STOCK NEWS

Welcome to our dedicated news page for Banc of California (Ticker: BANC), a resource for investors and traders seeking the latest updates and insights on Banc of California.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Banc of California's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Banc of California's position in the market.

News
Banc of California, Inc. Reports First Quarter 2024 Financial Results with Improved Profitability and Strengthened Balance Sheet
Rhea-AI Summary
Banc of California, Inc. reported improved profitability and a strengthened balance sheet in the first quarter of 2024. Net earnings available to common stockholders increased to $28.2 million, or $0.17 per diluted common share. The company saw a significant increase in net interest income and a decrease in noninterest expenses. Highlights include a 58% increase in net interest income, a 109 basis point increase in net interest margin, and a decrease in noninterest expenses by over $41 million. The company also reported strong capital ratios well above regulatory thresholds, with a total risk-based capital ratio of 16.43% and a CET1 ratio of 10.12%. Book value per share increased to $17.18, and tangible book value per share increased to $15.07.
Rhea-AI Impact
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End-of-Day
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earnings
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Banc of California Announces New Community Banking Leaders
Rhea-AI Summary
Banc of California promotes key executives to lead community banking operations in California and Colorado, enhancing relationship-based lending and treasury management solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
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Banc of California Announces Schedule of First Quarter 2024 Earnings Release and Conference Call
Rhea-AI Summary
Banc of California, Inc. (BANC) will release its 2024 first quarter financial results on April 23, 2024. A conference call will be held at 10:00 a.m. PT on the same day for discussing earnings. Interested parties can join the call or access the live webcast on the Company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
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earnings
News
Banc of California Names Greg Smith to Lead Digital Strategy
Rhea-AI Summary
Banc of California appoints Greg Smith as senior vice president of Digital Strategy to enhance client-centric digital experience, focusing on online and mobile banking tools. Smith's expertise from City National Bank and Transamerica adds value to the bank's tech-forward approach, aiming to strengthen client relationships and market position.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.87%
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Banc of California Named by Newsweek as One of America’s Greatest Workplaces for Women 2024
Rhea-AI Summary
Banc of California, Inc. (NYSE: BANC) achieves a perfect score in the small-size company category, being recognized as one of America’s Greatest Workplaces for Women 2024 by Newsweek and Plant-A Insights Group. The company's commitment to diversity, inclusion, and support for women in the workforce is highlighted, with Banc of California earning five out of five stars, making it one of only four companies in the banks category to receive this top rating.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.39%
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News
Banc of California Names Venture Banking Leader Michael David to New Role as Head of Technology Banking-West
Rhea-AI Summary
Banc of California, Inc. (BANC) appoints Michael David as the executive vice president for Technology Banking-West, enhancing its venture banking capabilities. With over 25 years of experience in banking and finance, David aims to expand the bank's venture banking relationships and drive new technology business opportunities on the West Coast and beyond.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.81%
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News
Banc of California, Inc. Announces Quarterly Dividends
Rhea-AI Summary
Banc of California, Inc. (BANC) declares quarterly cash dividends for common stock and preferred stock. The common stock dividend is $0.10 per share, payable on April 1, 2024, to stockholders of record as of March 15, 2024. The preferred stock dividend is $0.4845 per depositary share, payable on March 1, 2024, to stockholders of record as of February 20, 2024. The company also offers a Dividend Reinvestment Plan (DRIP) at a 3% discount for common stockholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.16%
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dividends
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Banc of California, Inc. Reports Fourth Quarter 2023 Financial Results Following Completion of Transformational Merger with PacWest Bancorp
Rhea-AI Summary
Banc of California, Inc. reported financial results for Q4 and year-end 2023 after merging with PacWest Bancorp, increasing total assets to $38.5 billion. The company's strong capital ratios and high liquidity levels position it as California's premier business bank.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.88%
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acquisition earnings
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Banc of California Announces Schedule of Fourth Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Banc of California, Inc. (NYSE: BANC) to release Q4 and fiscal year 2023 financial results on January 25, 2024. Conference call scheduled for 10:00 a.m. PT on the same day. Interested parties can attend by dialing (888) 317-6003 and referencing event code 4864870. Live webcast and slide presentation available on the investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
earnings
News
KBRA Affirms Ratings for Banc of California, Inc. and Withdraws Ratings for PacWest Bancorp
Rhea-AI Summary
KBRA affirms ratings for Banc of California, Inc. (NYSE: BANC) and Pacific Western Bank, now operating as Banc of California, following their merger. The merger, including a $400 million equity raise, is seen as strategically favorable, with the company's leadership team largely retained. The combined entity is expected to improve its funding profile and capital ratios, positively impacting bondholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.92%
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Stock BANC logo
Banc of California Inc

NYSE:BANC

BANC Rankings

#1806 Ranked by Market Cap
#4106 Ranked by Stock Gains
#1154 Ranked by Dividends

BANC Stock Data

2.18B
139.94M
1.07%
88.84%
5.83%
Commercial Banking
Finance and Insurance
Link
US
Santa Ana

About BANC

since 1941, banc of california has provided full-service banking to private businesses, entrepreneurs and homeowners throughout california. today, with over $7 billion in assets and over 100 banking and lending locations, we are large enough to meet your banking needs yet small enough to serve you well. banc of california’s strong balance sheet, deep community roots and commitment to lasting and meaningful relationships are the foundation for its long record of success. banc of california is committed to building the top full-service bank serving california’s diverse private businesses, entrepreneurs, and homeowners with innovative banking products and exceptional service that simplifies financial lives and benefits the communities where our clients live and work. our simple and fair approach to full-service banking is designed to eliminate the complexity of everyday banking and save you time so that you can focus on what’s important to you–growing your business, looking after fa