Banc of California Announces Quarterly Dividend

Rhea-AI Summary

Banc of California, Inc. (NYSE: BANC) has declared a quarterly cash dividend of $0.06 per share, payable on July 1, 2022, to stockholders of record as of June 15, 2022. This dividend reflects the company's commitment to returning value to shareholders. Additionally, Banc of California offers a Dividend Reinvestment Plan (DRIP), allowing shareholders to purchase shares at a 3% discount. As of March 31, 2022, the company held $9.6 billion in assets, with 36 banking offices across Southern California.

Positive

• Declared a quarterly cash dividend of $0.06 per share.
• Dividend payable on July 1, 2022, indicating shareholder returns.
• Offers a Dividend Reinvestment Plan (DRIP) at a 3% discount.
• Total assets of $9.6 billion as of March 31, 2022.

Negative

• None.

SANTA ANA, Calif.--(BUSINESS WIRE)--

Banc of California, Inc. (NYSE: BANC), today announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share on its outstanding common stock. The dividend will be payable on July 1, 2022 to stockholders of record as of June 15, 2022.

Banc of California maintains a Dividend Reinvestment Plan (DRIP) which allows stockholders to automatically acquire shares at a 3% discount from the applicable market price. All registered stockholders with holdings maintained at the Company's transfer agent, Computershare, are eligible to participate in the DRIP program. For more information on the Company's DRIP program, please contact Investor Relations at IR@bancofcal.com or (855) 361-2262.

About Banc of California, Inc.

Banc of California, Inc. (NYSE: BANC) is a bank holding company with $9.6 billion in assets at March 31, 2022 and one wholly-owned banking subsidiary, Banc of California, N.A. (the Bank). The Bank has 36 offices including 31 full-service branches located throughout Southern California. Through our dedicated professionals, we provide customized and innovative banking and lending solutions to businesses, entrepreneurs and individuals throughout California. We help to improve the communities where we live and work, by supporting organizations that provide financial literacy and job training, small business support and affordable housing. With a commitment to service and to building enduring relationships, we provide a higher standard of banking. We look forward to helping you achieve your goals. For more information, please visit us at www.bancofcal.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220513005096/en/

Investor Relations Inquiries:

Banc of California, Inc.

(855) 361-2262

Jared Wolff, (949) 385-8700

Lynn Hopkins, (949) 265-6599

Source: Banc of California, Inc.

FAQ

What is the dividend amount declared by Banc of California?

Banc of California declared a quarterly cash dividend of $0.06 per share.

When will the dividend be payable?

The dividend will be payable on July 1, 2022.

What is the record date for the dividend?

The record date for the dividend is June 15, 2022.

Does Banc of California have a Dividend Reinvestment Plan?

Yes, Banc of California offers a Dividend Reinvestment Plan (DRIP) that allows stockholders to acquire shares at a 3% discount.

What are the total assets of Banc of California?

As of March 31, 2022, Banc of California reported total assets of $9.6 billion.