BANC News and Press, Banc of California Inc. From 03/11/22

Banc of California (NYSE:BANC) had declared $0.06/share quarterly dividend, in line with previous. Payable April 1; for shareholders of record March 15; ex-div March 14. See BANC Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: Banc of California goe...

Hawke Ventures, Venture Capital Arm to Hawke Media, Raises a Total of $25M in Second Venture Fund With Banc of California as one of their anchor investors, Hawke Ventures raised over $25M for their next venture fund, aiming to continue assisting companies in the Martech space. ...

Banc of California, Inc. (NYSE: BANC) today announced that its wholly-owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired Matthew Grimes in the new position of SVP, ABL Leader. In this position, Grimes will be respons...

Banc of California, Inc. (NYSE: BANC) today announced that it will redeem on March 15, 2022 all of its outstanding 7.00% Non-Cumulative Perpetual Preferred Stock, Series E, par value $0.01 per share (the “ Series E Preferred Stock ”), and the corresponding deposita...

Turnaround story took high gear with the acquisition of Pacific Mercantile Bank. 2022’s EPS is expected to improve significantly. Valuation multiples are on par with industry averages. For further details see: Banc Of California: Conservatism Optimistic

Banc of California, Inc. (NYSE: BANC) today announced that its wholly-owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired John Helgeson in the new position of Senior Director, Specialty Banking to focus on banking and...

Banc of California, Inc. (NYSE: BANC) today reported net income of $5.8 million and net income available to common stockholders for the fourth quarter of 2021 of $4.0 million, or $0.07 per diluted common share. This compares to net income of $23.2 million and net income available to com...

Banc of California, Inc. (NYSE: BANC) today announced that its wholly-owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired Guillaume de Chalendar in the new position of SVP, Head of Media & Entertainment. In this p...

Banc of California, Inc. (NYSE: BANC) today announced it will release financial results for the fourth quarter and fiscal year ended December 31, 2021 on Tuesday, January 25, 2022. The Company will host a conference call to discuss these financial results at 10:00 a.m. Pacific Time ...

Banc of California seems to be flying under the radar despite its decent size with over $8B in assets. The 9M 2021 profit was boosted by a reversal of loan loss provisions, although the total amount of loans past due is increasing. The valuation isn't cheap, and Banc of California...