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03.07.25 - 22:33
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Banc of California Announces Schedule of Second Quarter 2025 Earnings Release and Conference Call (Business Wire)
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LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release 2025 second quarter financial results after market close on Wednesday, July 23, 2025. The Company will host a conference call to discuss its second quarter results the following day on Thursday, July 24, 2025 at 10:00 a.m. Pacific Time (PT).
Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 7565369. A link to the live audio webcast and the slide presentation for the call will be available on the Company's investor relations website prior to the call. An audio archive of the conference call will be available on the Company's investor relations website within 24 hours after the end of the call.
About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $33 billion in assets and the parent company of Banc of California. Banc of California is one of the nation's premier relationsh...
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25.06.25 - 17:42
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KBRA Assigns Preliminary Ratings to J.P. Morgan Seasoned Mortgage Trust 2025-1 (JPSMT 2025-1) (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns preliminary ratings to 31 classes of mortgage pass-through certificates from J.P. Morgan Seasoned Mortgage Trust 2025-1 (JPSMT 2025-1). The pool comprises 371 seasoned residential mortgages with an aggregate principal balance of approximately $268.1 million, as of the June 1, 2025, cut-off date. The top originators of this pool are Banc of California, National Association (23.8%) and United Wholesale Mortgage, LLC (18.5%). Approximately 51.0% of the pool has received a Qualified Mortgage (QM) designation.
KBRA's rating approach incorporated loan-level analysis of the mortgage pool through its Residential Asset Loss Model (REALM), an examination of the results from third-party loan file due diligence, cash flow modeling analysis of the transaction's payment structure, reviews of key transaction parties and an assessment of the transaction's legal structure and documentation. This analysis is further described in our U.S. RMBS Rating Methodolog...
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08.05.25 - 12:03
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Banc of California, Inc. Announces Quarterly Dividends (Business Wire)
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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 $0.10 per share on its outstanding common stock. The dividend will be payable July 1, 2025, to stockholders of record as of June 16, 2025.
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 June 2, 2025, to stockholders of record as of May 19, 2025. 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 mor...
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23.04.25 - 22:18
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Banc of California, Inc. Reports First Quarter Diluted Earnings per Share of $0.26 and Loan Growth of 6% Annualized in the First Quarter; Upsizes Stock Buyback Program to $300 Million (Business Wire)
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LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC):
$0.26
Earnings Per Share
$18.17
Book Value Per Share
$16.12
Tangible Book Value
Per Share(1)
10.43%
CET1 Ratio
6%
Annualized Loan Growth
Banc of California, Inc. (NYSE: BANC) (“Banc of California” or the “Company”), the parent company of wholly-owned subsidiary Banc of California (the “Bank”), today reported financial results for the first quarter ended March 31, 2025. The Company reported net earnings available to common and equivalent stockholders of $43.6 million, or $0.26 per diluted common share, for the first quarter of 2025. This compares to net earnings available to common and equivalent stockholders of $47.0 million, or $0.28 per diluted common share, for the fourth quarter of 2024.
The Company also announced today an upsize of its stock repurchase program, first announced on March 17, 2025, from $150 million to $300 million, inclusive of $150.0 million purchased through April 21, 2025, and expanded...
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