Banc of California Announces $150 Million Stock Repurchase Program
Banc of California (NYSE: BANC) has announced a significant stock repurchase program authorized by its Board of Directors. The program allows for the repurchase of up to $150 million of the company's common stock, with an expiration date set for March 2026.
The implementation of the buyback will be executed through various means, including open-market transactions, block transactions both on and off exchanges, and privately negotiated transactions. The actual timing and volume of share repurchases will be determined by multiple factors, including stock price, trading volume, market conditions, and corporate and regulatory requirements.
Banc of California (NYSE: BANC) ha annunciato un significativo programma di riacquisto di azioni autorizzato dal suo Consiglio di Amministrazione. Il programma prevede il riacquisto di fino a 150 milioni di dollari delle azioni ordinarie della società, con una data di scadenza fissata per marzo 2026.
L'attuazione del riacquisto sarà eseguita attraverso vari mezzi, inclusi transazioni sul mercato aperto, transazioni in blocco sia su che fuori dai mercati, e transazioni negoziate privatamente. Il momento e il volume effettivo dei riacquisti di azioni saranno determinati da molteplici fattori, tra cui il prezzo delle azioni, il volume degli scambi, le condizioni di mercato e i requisiti aziendali e normativi.
Banc of California (NYSE: BANC) ha anunciado un programa significativo de recompra de acciones autorizado por su Junta Directiva. El programa permite la recompra de hasta 150 millones de dólares de las acciones ordinarias de la compañía, con una fecha de vencimiento establecida para marzo de 2026.
La implementación de la recompra se llevará a cabo a través de varios medios, incluidas transacciones en el mercado abierto, transacciones en bloque tanto en mercados como fuera de ellos, y transacciones negociadas de manera privada. El momento y el volumen real de las recompras de acciones serán determinados por múltiples factores, incluidos el precio de las acciones, el volumen de operaciones, las condiciones del mercado y los requisitos corporativos y regulatorios.
캘리포니아 은행 (NYSE: BANC)은 이사회에서 승인한 중요한 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 회사의 보통주 최대 1억 5천만 달러를 매입할 수 있도록 하며, 만료일은 2026년 3월로 설정되어 있습니다.
매입의 실행은 공개 시장 거래, 거래소 내외의 블록 거래 및 개인 협상 거래를 포함한 다양한 수단을 통해 이루어질 것입니다. 실제 주식 매입의 시기와 양은 주가, 거래량, 시장 상황 및 기업 및 규제 요구 사항을 포함한 여러 요인에 의해 결정됩니다.
Banc of California (NYSE: BANC) a annoncé un programme de rachat d'actions significatif autorisé par son Conseil d'Administration. Le programme permet le rachat de jusqu'à 150 millions de dollars d'actions ordinaires de la société, avec une date d'expiration fixée à mars 2026.
L'exécution du rachat sera réalisée par divers moyens, y compris des transactions sur le marché ouvert, des transactions en bloc tant sur les marchés que hors des marchés, et des transactions négociées de manière privée. Le moment et le volume réels des rachats d'actions seront déterminés par plusieurs facteurs, y compris le prix des actions, le volume des échanges, les conditions du marché et les exigences corporatives et réglementaires.
Banc of California (NYSE: BANC) hat ein bedeutendes Aktienrückkaufprogramm angekündigt, das von seinem Vorstand genehmigt wurde. Das Programm erlaubt den Rückkauf von bis zu 150 Millionen Dollar der Stammaktien des Unternehmens, mit einem Ablaufdatum, das auf März 2026 festgelegt ist.
Die Umsetzung des Rückkaufs wird durch verschiedene Mittel erfolgen, einschließlich Transaktionen am offenen Markt, Blocktransaktionen sowohl an als auch außerhalb von Börsen und privat verhandelten Transaktionen. Der tatsächliche Zeitpunkt und das Volumen der Aktienrückkäufe werden durch mehrere Faktoren bestimmt, einschließlich Aktienkurs, Handelsvolumen, Marktbedingungen sowie Unternehmens- und regulatorische Anforderungen.
- $150 million stock buyback program demonstrates strong commitment to shareholder value
- Extended program duration until March 2026 provides flexibility in execution
- Multiple repurchase methods available for optimal implementation
- Large cash allocation to buyback could limit funds for other strategic investments
- Program execution dependent on market conditions and regulatory requirements
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 management and in accordance with the regulations of the Securities and Exchange Commission. The timing of purchases and the number of shares repurchased under the program will depend on a variety of factors including price, trading volume, market conditions, and corporate and regulatory requirements.
About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) is a bank holding company with over
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the “Safe-Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are necessarily subject to risk and uncertainty and actual results could differ materially from those anticipated due to various factors, including those set forth from time to time in the documents filed or furnished by Banc of California, Inc. with the Securities and Exchange Commission. You should not place undue reliance on forward-looking statements and Banc of California, Inc. undertakes no obligation to update any such statements to reflect circumstances or events that occur after the date on which the forward-looking statement is made.
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Investor Relations Inquiries:
Banc of California, Inc.
(855) 361-2262
Jared Wolff, (310) 424-1230
Joe Kauder, (310) 844-5224
Ann DeVries, (646) 376-7011
Media Contact:
Debora Vrana, Banc of California
(213) 533-3122
Deb.Vrana@bancofcal.com
Source: Banc of California, Inc.
FAQ
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