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.
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Banc of California (NYSE: BANC) signed an 11-year lease for 40,000 square feet in a landmark downtown Los Angeles building at 865 S. Figueroa St., with the bank's name and logo to be placed on the north and south sides of the building early next year.
The move strengthens the bank's Los Angeles footprint after relocating its headquarters to the city two years ago and follows recent expansions in Beverly Hills and New York City; the bank says it remains the largest independent bank headquartered in Los Angeles.
Banc of California (NYSE: BANC) will release its 2025 third quarter financial results after market close on Wednesday, October 22, 2025.
The company will host a conference call to review Q3 results on Thursday, October 23, 2025 at 10:00 a.m. Pacific Time. Participants may dial (888) 317-6003 and use event code 5396883. A live audio webcast and slide presentation will be posted on the company’s investor relations website prior to the call, and an audio archive will be available within 24 hours after the call ends.
Banc of California (NYSE:BANC) and Steadfast LA have distributed their first small business recovery grants totaling $125,000 to three Altadena businesses affected by the Eaton Fire: Webster's Community Pharmacy, Fair Oaks Burger, and Altadena Cookie Co.
The initiative, launched through Banc of California's $1 million Wildfire Relief & Recovery Fund, offers grants up to $50,000 to small businesses in wildfire-impacted communities across Altadena, Malibu, Pasadena, and the Pacific Palisades. Over 500 grant applications have been submitted, with additional distributions planned for businesses in the Palisades and Malibu.
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.