BANC Stock Recent News

LOS ANGELES & LONG BEACH, Calif.--(BUSINESS WIRE)-- #AutoRacing--Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), is proud to announce its continued sponsorship of the 2025 Acura Grand Prix of Long Beach. The weekend-long event kicks off April 11 and runs through April 13. This is the 50th anniversary of the iconic race, which is a remarkable celebration of speed, precision and Southern California's motorsport culture. Banc of California has served as the official bank.

Banc of California (BANC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Banc of California (BANC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Funds Allocated for the Restoration of the Playground at Palisades Park Affected by the Fires LOS ANGELES , April 9, 2025 /PRNewswire/ -- The LA Parks Foundation, which works to support the Los Angeles City Department of Recreation and Parks, is pleased to announce a $1 million donation from FireAid to restore the Pacific Palisades Playground, damaged in the Southern California wildfires in January. The LA Parks foundation, which will oversee the entire project, has also secured a $300,000 in-kind contribution from GameTime—the company stepping up to supply all the equipment for the project—along with an additional donation from Banc of California's Wildfire Relief & Recovery Fund, bringing support for the playground to more than $1.3 million.

LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) today announced it will release 2025 first quarter financial results after market close on Wednesday, April 23, 2025. The Company will host a conference call to discuss its first quarter results the following day on Thursday, April 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 8785621. A link to the live.

Banc of California stock remains a buy due to its TBV being below historical averages and potential for profitability expansion through reduced deposit costs. Despite dividend weaknesses, the bank shows potential for capital gains, with a fair value estimate suggesting a 24% upside. Improvements in the funding mix and high-quality assets are key growth drivers, though loan portfolio expansion remains a challenge.

LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC), the parent company of wholly owned subsidiary Banc of California, today announced that its Board of Directors has authorized the repurchase of up to $150 million of the company's common stock. The repurchase authorization expires in March 2026. Purchases may be made in open-market transactions, in block transactions on or off an exchange, in privately negotiated transactions or by other means as determined by the company's man.

LOS ANGELES--(BUSINESS WIRE)-- #Accounting--Banc of California Welcomes Karen Hon as Chief Accounting Officer.

LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today that Jared Wolff, President and Chief Executive Officer, will meet with investors at the Raymond James & Associates' 46th Annual Institutional Investors Conference in Orlando, Florida, on March 3, 2025. In addition to meeting with investors, Mr. Wolff will participate in a fireside chat on March 3, 2025, at 1:40 p.m. Eastern Time. The live audio webcast and replay of the fireside chat will be.

TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.14975 for each Class A share and $0.05583 for each Preferred share. Distributions are payable March 10, 2025 to shareholders on record as at February 28, 2025.