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No summary available.
Shares of Banc of California (NYSE: BANC ) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share were up 172.73% over the past year to $0.32, which beat the estimate of $0.27. Revenue of $59,847,000 higher by 8.19% from the same period last year, which beat the estimate of $58,930,000. Looking Ahead Earnings guidance hasn''t been issued Full story available on Benzinga.com
SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) today reported net income of $19.1 million and net income available to common stockholders for the second quarter of 2021 of $17.3 million, or diluted earnings per common share of $0.34. Highlights for the second quarter included: Return on average assets of 0.98% Total loan production of $904.1 million, including loan fundings of $847.0 million Period-end total cost of deposits of 0.20% and average cost of total deposits
Banc of California, Inc. (NYSE: BANC) today announced it will release 2021 second quarter financial results on Thursday, July 22, 2021. The Company will host a conference call to discuss its second quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day. Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 7494802. A live audio
LOS ANGELES, July 01, 2021 (GLOBE NEWSWIRE) -- The Los Angeles Urban League (LAUL) Board of Directors met recently and appointed six new members to its board. The diverse stellar new board members include: Richard Barragan, Managing Director and Banker in the Private Bank at J.P. Morgans Los Angeles office; Michelle A. Avan Senior Vice President, Head of Global Womens and Under-represented Talent Strategy Global Human Resources; Dhananjay Manthripragada is a partner in the Los Angeles office of Gibson, Dunn & Crutcher and was formerly with the firms Washington, D.C. office; Janice Bryant Howroyd is an entrepreneur, educator, author, mentor, Presidential special appointee, Founder, and Chief Executive Officer of the ActOne Group; Duncan Hughes V is Senior Vice President, Market Manager for Banc of California. He is an accomplished professional with proven success managing sales, marketing, and strategic responsibilities within high profile financial institutions and Andrea Ambrose Lobato, Chief Legal Officer, Corporate Secretary at Eaze.
Major League Soccer announced Wednesday that its 2021 All-Star Game will feature the MLS All-Stars against the Liga MX All-Stars on Aug. 25 in Los Angeles. The match, slated for Banc of California St
Major League Soccer will play its midseason all-star game at Banc of California in August after being forced to postpone the match last summer because of COVID-19.
NEW YORK , May 18, 2021 /PRNewswire/ -- In its recently completed internal community impact assessment, Pembrook Capital Management LLC ("Pembrook"), a real estate investment management company focused on affordable housing investments, confirmed significant impact from investing approximately $700 million into affordable/workforce multifamily rental housing, equating to over 12,000 units housing an estimated 31,000 tenants, 70% of which were located in predominantly minority neighborhoods. The assessment was conducted to identify past successful efforts and identify areas for further improvement. Based on these results and the firm''s ability to make such investments on a competitive, non-concessionary basis over the past 14 years, Pembrook is renewing its commitment to the sector with an eye toward increasing its investment impact even further in the future. Stuart Boesky , CEO of Pembrook, made the announcement. "Pembrook has always allocated a majority of its capital to what we believe to be socially responsible, community related investments, and we also believe it is important to self-assess and reflect upon the actual impact we are making," Mr.
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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, 2021 to stockholders of record as of June 15, 2021. 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 stockhold
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Banc of California, Inc. (NYSE: BANC) and Pacific Mercantile Bancorp is fair to Banc of California shareholders. Under the terms of the agreement, Pacific Mercantile shareholders will receive 0.5 shares of Banc of California common stock for each share of Pacific Mercantile common stock they own. Halper Sadeh encourages Banc of California shareholders to click here to learn mor
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating Pacific Mercantile Bancorp (NASDAQ: PMBC) for potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Banc of California, Inc. Under the terms of the agreement, Pacific Mercantile shareholders will receive 0.5 shares of Banc of California common stock for each share of Pacific Mercantile common stock they own. Halper Sadeh encourages Pacific Me
SANTA ANA, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC) (the “Company”, “Banc of California”, “we”, “us” or “our”), the holding company of Banc of California, N.A., and Pacific Mercantile Bancorp (NASDAQ: PMBC) (“Pacific Mercantile”), the holding company of Pacific Mercantile Bank, today announced they have entered into a definitive agreement and plan of merger under which Pacific Mercantile will merge into Banc of California in an all-stock transaction valued at approximately
Banc of California Incorporated shares closed 1.8% higher than its previous 52 week high, giving the company a market cap of $1B. The stock is currently up 42.5% year-to-date, up 79.8% over the past 12 months, and up 46.6% over the past five years. This week, the Dow Jones Industrial Average rose 5.1%, and the S&P 500 rose 4.5%. Trading Activity Trading volume this week was 1.3% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.6. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 58.8% The company's stock price performance over the past 12 months beats the peer average by 45.4% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to firstname.lastname@example.org. © 2020 Kwhen Inc.