|Bid||14.58 x 800|
|Ask||14.62 x 1400|
|Day's Range||14.17 - 14.69|
|52 Week Range||6.44 - 19.12|
|Beta (5Y Monthly)||1.84|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.24 (1.71%)|
|Ex-Dividend Date||Dec 14, 2020|
|1y Target Est||N/A|
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 4, 2021 to stockholders of record as of December 15, 2020.
Banc of California, Inc. (the "Company") (NYSE: BANC), the holding company of Banc of California, N.A., today announced the pricing of its public offering of $85,000,000 aggregate principal amount of its 4.375% Fixed-to-Floating Rate Subordinated Notes due 2030 (the "Notes"). The price to the public for the Notes is 100% of the principal amount of the Notes. The Notes will mature on October 30, 2030. Interest on the Notes initially will accrue at a rate equal to 4.375% per annum from and including October 30, 2020 to, but excluding, October 30, 2025, payable semiannually in arrears. From and including October 30, 2025 to, but excluding, October 30, 2030 or the earlier redemption date, interest will accrue at a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term Secured Overnight Financing Rate (SOFR) (as defined in the Notes), plus a spread of 419.5 basis points, payable quarterly in arrears. The Notes are intended to qualify as Tier 2 capital for regulatory purposes.
Banc of California, Inc. (NYSE: BANC) today reported net income available to common stockholders for the third quarter of 2020 of $12.1 million, or diluted earnings per common share of $0.24.