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Banc of California, Inc.

Banc of California, Inc. is the bank holding company for Banc of California, providing banking and treasury management services in the United States. It offers deposit products such as checking, savings, money market, demand, and retirement accounts, as well as time deposits, certificates of deposit, and safe deposit boxes. The company also provides real estate loans, commercial loans and leases, and consumer loans, along with electronic payment services and investment management services. Founded in 1941 and headquartered in Los Angeles, California, it serves small and middle-market businesses, venture capital and private equity firms, non-profit organizations, business owners, entrepreneurs, professionals, and high-net worth individuals through branches in California, Denver, Colorado, and Durham, North Carolina, and regional offices in the United States.

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Price · split & dividend adjusted
News & notes moving BANC-PF
BANC-PF2

Regional Banks Q2 Earnings: City Holding Beats, Banc of California Misses

City Holding reported second-quarter revenue of $81.73 million, up 3.8% year over year and 1.3% above analyst expectations, while its stock has risen 5.9% since the report to $142.92. Among the 95 regional banks tracked, OFG Bancorp was the best performer with revenue of $190.3 million, up 4.4% and beating estimates by 3.9%, while Banc of California was the weakest with revenue of $285.7 million, up 4.7% but missing estimates by 3.1% and seeing its stock fall 10.4% to $18.98. Wintrust Financial reported revenue of $739.5 million, up 9.9% and in line with expectations, but its stock is down 6.3% to $153.43, and FB Financial reported revenue of $175.9 million, up 27.5% but 0.7% below estimates, with its stock up 5.2% to $59.50.
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BANC-PF

Banc of California declares $0.12 quarterly dividend

Banc of California declared a quarterly dividend of $0.12 per share, in line with the previous payout. The dividend is payable on October 1 to shareholders of record as of September 15, with the ex-dividend date also set for September 15. The forward yield is 2.53%.
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BANC-PF

66-Year-Old With $1.3 Million: 3 Hidden Dividend Gems to Buy

A 66-year-old with $1.3 million seeks sustainable dividend income from overlooked mid-caps. Nexstar Media Group yields 4.54% with free cash flow covering its dividend 5.3 times despite a high GAAP payout ratio, though post-TEGNA debt rose to $12.2 billion. Amdocs trades at a 10 times price-to-earnings ratio with a 4.4% yield after a 42.69% drawdown, and its free cash flow covers the dividend 2.87 times following a 14th consecutive annual raise. Banc of California raised its quarterly dividend 20% to $0.12 per share, supported by $255.6 million in recovered operating cash flow and a conservative 32% earnings payout ratio.
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