Banc of California Announces Quarterly Dividend

Rhea-AI Summary

Banc of California, Inc. (NYSE: BANC) announced a quarterly cash dividend of $0.06 per share, payable on January 3, 2023, to stockholders of record as of December 15, 2022. The company offers a Dividend Reinvestment Plan (DRIP) that allows eligible stockholders to purchase shares at a 3% discount from the market price. As of September 30, 2022, Banc of California reported $9.4 billion in assets and operates 34 offices throughout Southern California.

Positive

• Declaration of a quarterly cash dividend of $0.06 per share.
• Dividend Reinvestment Plan (DRIP) offering shares at a 3% discount.
• Strong asset base of $9.4 billion as of September 30, 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 January 3, 2023 to stockholders of record as of December 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 $9.4 billion in assets at September 30, 2022 and one wholly-owned banking subsidiary, Banc of California, N.A. (the Bank). The Bank has 34 offices including 29 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, and full stack payment processing solutions through our subsidiary Deepstack Technologies. 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/20221103005290/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 for Banc of California in 2023?

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

When will Banc of California's dividend be paid?

The dividend will be payable on January 3, 2023.

What is the record date for Banc of California's dividend?

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

How does Banc of California's Dividend Reinvestment Plan work?

The DRIP allows stockholders to automatically acquire shares at a 3% discount from the market price.

What are the total assets of Banc of California?

As of September 30, 2022, Banc of California reported total assets of $9.4 billion.