Banc of California (NYSE: BANC) boosts quarterly dividend 20% to $0.12

Rhea-AI Filing Summary

Banc of California, Inc. announced that its board raised the quarterly cash dividend on common stock by 20% to $0.12 per share. The dividend is payable on April 1, 2026 to stockholders of record as of March 16, 2026.

The board also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F, payable on March 2, 2026 to holders of record on February 19, 2026. The company highlighted this increase as a reflection of strong financial performance and confidence in its earnings outlook.

The company maintains a Dividend Reinvestment Plan that allows common stockholders to acquire additional shares at a 3% discount to the applicable market price.

Positive

• 20% common dividend increase to $0.12 per share, explicitly attributed to strong financial performance and confidence in the company’s earnings outlook.
• Ongoing capital return programs through both higher cash dividends and a Dividend Reinvestment Plan offering a 3% discount to market price for participating common stockholders.

Negative

• None.

Insights

Banking equity analyst

Dividend hike signals confidence in earnings and capital strength.

Banc of California increased its quarterly common dividend to $0.12 per share, a 20% boost versus the prior payout. Management explicitly links this move to strong financial performance and confidence in the earnings outlook, suggesting comfortable capital and earnings capacity.

The bank also reaffirmed its preferred dividend of $0.4845 per Series F depositary share and highlighted a Dividend Reinvestment Plan offering a 3% discount. Overall, this represents a step-up in regular capital return while preserving flexibility, with future sustainability dependent on ongoing performance discussed in its 2024 Form 10-K risk factors.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 5, 2026

BANC OF CALIFORNIA, INC.

(Exact name of registrant as specified in its charter)

Maryland			001-35522			04-3639825
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

11611 San Vicente Boulevard, Suite 500
Los Angeles, California						90049
(Address of principal executive offices)						(Zip Code)

Registrant’s telephone number, including area code: (855) 361-2262

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

BANC

New York Stock Exchange

Depositary Shares, each representing a 1/40th interest in a share of 7.75% fixed rate reset non-cumulative perpetual preferred stock, Series F

BANC/PF

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 8.01 Other Events.

On February 5, 2026, Banc of California, Inc. (the “Company”) issued a press release announcing that its Board of Directors declared a quarterly cash dividend of $0.12 per share on its outstanding common stock, representing a 20% increase to the most recent dividend declaration. The dividend will be payable April 1, 2026, to stockholders of record as of March 16, 2026.

The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F. The dividend will be payable March 2, 2026, to stockholders of record as of February 19, 2026. The Series F depositary shares are traded on the New York Stock Exchange under the “Banc/PF” symbol.

A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1        Banc of California, Inc. Press Release dated February 5, 2026

104     Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BANC OF CALIFORNIA, INC.

/s/ Joseph Kauder

Joseph Kauder

Executive Vice President and
Chief Financial Officer

Date: February 5, 2026

Banc of California, Inc. Increases Quarterly Common Stock Dividend 20% to $0.12 Per Share Company Release – 2/5/2026 LOS ANGELES--(BUSINESS WIRE)– Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today that its Board of Directors declared a quarterly cash dividend of $0.12 per share on its outstanding common stock, representing a 20% increase to the most recent dividend declaration. The dividend will be payable April 1, 2026, to stockholders of record as of March 16, 2026. “The increase in our quarterly dividend reflects the strength of our financial performance and the confidence we have in our earnings outlook,” said Jared Wolff, Chairman and CEO of Banc of California. “We are pleased to return additional capital and reward our valued shareholders, while we continue to deliver strong financial results. As we look ahead, we remain committed to executing on our strategy to deliver sustainable, high quality profitable growth and long-term value for our shareholders.” The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non- Cumulative Perpetual Preferred Stock, Series F. The dividend will be payable March 2, 2026, to stockholders of record as of February 19, 2026. The Series F depositary shares are traded on the New York Stock Exchange under the “Banc/PF” symbol. The Company maintains a Dividend Reinvestment Plan (DRIP) which allows common stockholders to automatically acquire common shares at a 3% discount from the applicable market price. All registered common stockholders with holdings maintained at the Company’s transfer agent, Computershare, are eligible to participate in the DRIP program. For more information on the Company’s DRIP program, please contact Investor Relations at IR@bancofcal.com or (855) 361-2262. Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements related to the Company’s expectations regarding use of its stock repurchase program, confidence in its earnings outlook and other non-historical statements. Words or phrases such as “believe,” “will,” “should,” “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimate,” “project,” “plans,” “strategy,” or similar expressions are intended to identify these forward-looking statements. Such statements are based on current beliefs and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated, including factors described in “Part I—Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, which is filed with the Securities and Exchange Commission ("SEC"), as such factors may be updated from time to time in the Company’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. The Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made, except as required by law. About Banc of California, Inc. Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $34 billion in assets and the parent company of Banc of California. Banc of California is one of the nation’s premier relationship-based business banks, providing banking and treasury management services to small-, middle-market, and venture-backed businesses. Banc of California is the largest independent bank headquartered in Los Angeles and the third largest bank headquartered in California and offers a broad range of loan and deposit products and services through 79 full-service branches located throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The bank also provides full-service payment processing solutions to its clients and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The bank is committed to its local communities through the Banc of California

Charitable Foundation, and by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more. Member FDIC. For more information, please visit us at www.bancofcal.com. Investor Relations Inquiries: Banc of California, Inc. (855) 361-2262 Jared Wolff, (310) 424-1230 Joe Kauder, (310) 844-5224 Ann DeVries, (646) 376-7011 Media Contact: Debora Vrana, Banc of California (213) 999-4141 Deb.Vrana@bancofcal.com Source: Banc of California, Inc.

FAQ

What dividend changes did Banc of California (BANC) announce?

Banc of California raised its quarterly common dividend to $0.12 per share, a 20% increase from the prior level. The board also declared a $0.4845 quarterly dividend per depositary share on its 7.75% Series F preferred stock.

When will Banc of California’s new common stock dividend be paid?

The increased $0.12 per share common dividend will be paid on April 1, 2026. Stockholders must be on record by March 16, 2026 to receive this higher quarterly cash dividend from Banc of California.

What are the record and payment dates for BANC’s Series F preferred dividend?

For the 7.75% Series F preferred depositary shares, Banc of California set a record date of February 19, 2026 and a payment date of March 2, 2026 for the $0.4845 quarterly cash dividend per depositary share.

How does Banc of California’s Dividend Reinvestment Plan (DRIP) work?

Banc of California’s DRIP lets eligible common stockholders automatically reinvest dividends into additional shares at a 3% discount to market price. Registered holders through transfer agent Computershare can participate to steadily increase ownership over time.

Why did Banc of California increase its common dividend by 20%?

Management stated the 20% increase to $0.12 per share reflects the strength of financial performance and confidence in its earnings outlook. The company also emphasized its strategy of delivering sustainable, high-quality, profitable growth and long-term shareholder value.

What securities of Banc of California are affected by this dividend announcement?

The announcement covers common stock dividends, now $0.12 per share, and 7.75% Series F preferred depositary shares, with a $0.4845 quarterly dividend. The Series F depositary shares trade on the NYSE under the symbol BANC/PF.