BANC News and Press, Banc of California Inc. From 08/03/23

2023-08-03 09:08:46 ET Banc of California ( NYSE: BANC ) declares $0.10/share quarterly dividend , in line with previous. Forward yield 2.88% Payable Oct. 2; for shareholders of record Sept. 15; ex-div Sept. 14. See BANC Dividend Scorecard, Yield Chart, &...

PHOENIX, July 31, 2023 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living® , the rental division of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, and EJF Capital have announced a joint venture to develop Henri in downtown Phoenix, Ariz. The pro...

2023-07-31 15:29:13 ET D.A. Davidson upgraded PacWest Bancorp ( NASDAQ: PACW ) stock to Buy from Neutral on Monday to align it with the same rating as Banc of California ( NYSE: BANC ), which had agreed to buy PacWest last week. "We think that transaction is benefici...

2023-07-29 13:18:07 ET Banc of California, Inc. (BANC) Q2 2023 Earnings Call Transcript July 26, 2023 12:00 PM ET Company Participants Jared Wolff - President and Chief Executive Officer Joseph Kauder - Chief Financial Officer Paul Taylor - President and Chief Ex...

2023-07-26 20:57:06 ET Summary Three areas related to the merger worry me: high deposit costs, brand loyalty, and high unrealized losses. Benefits of the merger for BANC include balance sheet growth, cost savings, and loan quality improvement. The December 2024 target price is...

2023-07-26 18:09:36 ET Summary The PacWest Bancorp and Banc of California, Inc. merger is a well-crafted deal that creates a win-win for all involved parties. The master move of the deal is to unload 7B assets from Banc of California and pay down $13Bn high-cost borrowing from Pac...

2023-07-26 15:45:13 ET Regional bank PacWest Bancorp (NASDAQ: PACW) reported its second-quarter results Tuesday after the bell, with adjusted profits coming in 10% ahead of expectations at $0.22 per share. That wasn't, however, the main reason why PacWest shares soared Wednesday, up...

2023-07-26 15:42:39 ET Summary Shares of PacWest Bancorp fell by 27% on July 25th on rumors of a merger with Banc of California but later rose by over 30% after the market closed. The merger will create the fourth-largest mid-sized bank in California, with $36.1 billion of assets,...

2023-07-26 15:04:30 ET JPMorgan Chase ( NYSE: JPM ) has agreed to acquire $1.8B of single-family residential loans at a discount, people familiar with the matter told Bloomberg on Wednesday, to facilitate PacWest Bancorp's ( NASDAQ: PACW ) sale to Banc of California ( NYSE...

2023-07-26 11:48:45 ET PacWest Bancorp ( NASDAQ: PACW ) opened 30% up today after Bank of California Inc ( NYSE: BANC ) said it will buy the commercial banking company for $1.10 billion. Details of PacWest-Banc of California merger The all-stock merger will replace each ...