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home / news releases / banc of california preferred remains attractive for

BANC - Banc of California: Preferred Remains Attractive For Income

Banc of California Inc.

2024-05-14 07:16:10 ET

Summary

  • Banc of California inherited PacWest's preferred shares in its acquisition in late 2023.
  • Banc of California has a different asset mix than PacWest but our assessment is that it has similarly robust adjusted capital levels.
  • The majority of appreciation has already occurred by the preferred shares remain attractive from an income and total return perspective.

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For further details see:

Banc of California: Preferred Remains Attractive For Income
Stock Information
Company Name: Banc of California Inc.
Stock Symbol: BANC
Market: NYSE
Website: bancofcal.com
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