TORONTO, June 19, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.13925 for each Class A share and $0.06667 for each Preferred share. Distributions are payable July 10, 2024 to shareholders on record as at June 28, 2024. Under the distribution policy announced in November 2021, the monthly dividend payable on the Class A shares is determined by applying a 15% annualized rate on the volume weighted average market price (VWAP) of the Class A shares over the ...

Richard Drury Banc of California (BANC) acquired PacWest Bancorp on November 30, 2023. The bank subsequently implemented a number of changes to the loan and securities portfolio, realizing losses along the way, and eliminating less desirable assets. In the acquisition, Banc of California also assumed the preferred shares of PacWest, which we’d previously identified as a compelling opportunity based on the underlying strength of PacWest during the recent banking panic. The combination has since caused us ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ______ Commission File No. 001-35522 BANC OF CALIFORNIA, INC. (Exact name of registrant as specified in its charter) Maryland 04-3639825 (State of Incorporati ...

Banc of California Inc (NYSE:BANC) Q1 2024 Results Conference Call April 23, 2024 1:00 PM ET Company Participants Jared Wolff - Vice Chairman, President & CEO Joseph Kauder - Executive VP & CFO Conference Call Participants Jared Shaw - Barclays Matthew Clark - Piper Sandler Chris McGratty - KBW Timur Braziler - Wells Fargo Gary Tenner - D.A. Davidson Andrew Terrell - Stephens Timothy Coffey - Janney Brandon King - Truist Securities David Feaster - Raymond James Operator Hello, and welcome to Banc of Califor ...

Banc of California (BANC) reported $272.96 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 237.4%. EPS of $0.19 for the same period compares to $0.37 a year ago.The reported revenue represents a surprise of -7.79% over the Zacks Consensus Estimate of $296.02 million. With the consensus EPS estimate being $0.26, the EPS surprise was -26.92%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

Exhibit 99.1 1 First Quarter 2024 Results Press Release Banc of California, Inc. Reports First Quarter 2024 Financial Results with Improved Profitability and Strengthened Balance Sheet Company Release - 4/23/2024 LOS ANGELES, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) ("Banc of California"), the parent company of wholly-owned subsidiary Banc of California (the "Bank"), today reported financial results for the first quarter ended March 31, 2024. The Company recorded net earnings available ...

The market expects Banc of California (BANC) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rel ...

bluejayphoto Banc of California (NYSE:BANC) makes an attractive valuable position for bank investors as shares provide an attractive 3% dividend yield and the regional lender keeps selling for an attractive discount to its long term average P/B ratio. Banc of California owns a well-performing core loan portfolio with a very strong asset quality profile and the bank has upside revaluation potential related to an improvement in its net interest margin. With shares continuing to trade well below book value, I ...

Core Insights - Banc of California has appointed Greg Smith as senior vice president of Digital Strategy to enhance its client-centric digital experience [1][2] - Smith's previous experience includes leading digital initiatives at City National Bank and Transamerica, focusing on improving digital banking tools [2][3] - The bank aims to strengthen client relationships and market position through enhanced digital offerings [2] Company Overview - Banc of California, Inc. is a bank holding company headquartered in Los Angeles, operating as a relationship-based business bank [4] - The bank provides a wide range of banking and treasury management services to small, middle-market, and venture-backed businesses [4] - Banc of California operates over 90 full-service branches across California, Denver, and Durham, and offers full-stack payment processing solutions through its subsidiary, Deepstack Technologies [4]

LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today announced that its wholly owned subsidiary and premier relationship-focused business bank, Banc of California, has been recognized by Newsweek and Plant-A Insights Group as one of America’s Greatest Workplaces for Women 2024. The list recognizes the top 1,000 companies in the United States based on their performance across various metrics crucial to women in the workforce including compensation, work-life balance and proactive managem ...