Banc of California Insider Plans to Sell $50.61 Million in Common Stock via Form 144
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
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Should l Buy BANC?
Source: moomoo
Stock Sale Announcement: Warburg Pincus LLC plans to sell 2.64 million shares of its common stock in Banc of California (BANC.U.S) on May 7, with a market value of approximately $50.61 million.
Shareholding Reduction: Warburg Pincus has reduced its shareholding in Banc of California by 4.25 million shares since February 13, 2026, with a total value of around $85 million.
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Analyst Views on BANC
Wall Street analysts forecast BANC stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 19.170
Low
23.00
Averages
24.20
High
25.00
Current: 19.170
Low
23.00
Averages
24.20
High
25.00
About BANC
Banc of California, Inc. is a bank holding company for its subsidiary, Banc of California (the Bank), a California state-chartered bank. The Bank offers a broad range of loan and deposit products and services through 79 full-service branches located throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The Bank also provides full-service payment processing solutions to its clients. The Bank is organized into four business groups, such as commercial & community banking (CCB), specialty banking, deposit and transaction services, and payment solutions. Specialty Banking is focused on serving clients in niche verticals by industry, including homeowner associations, venture banking, SBA lending, mortgage warehouse lending, media and entertainment and equipment finance. Deposit and Transaction Services provide services through tailored cash management and treasury management solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Banc of California Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Banc of California's Board of Directors declared a cash dividend of $0.12 per share on its common stock, payable on July 1, 2026, which aims to enhance shareholder returns and attract more investor interest.
- Preferred Stock Dividend: Additionally, the Board announced a cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, payable on June 1, 2026, further solidifying the company's appeal in capital markets.
- Dividend Reinvestment Plan: The company offers a Dividend Reinvestment Plan (DRIP) that allows common stockholders to automatically acquire shares at a 3% discount from the market price, aimed at increasing long-term investment value and shareholder engagement.
- Company Overview: Banc of California, with over $34 billion in assets, is the largest independent bank headquartered in Los Angeles, providing a diverse range of loan and deposit products while supporting small and middle-market businesses, thereby enhancing its market position in California and nationwide.
See More
Banc of California Insider Plans to Sell $50.61 Million in Common Stock via Form 144
Stock Sale Announcement: Warburg Pincus LLC plans to sell 2.64 million shares of its common stock in Banc of California (BANC.U.S) on May 7, with a market value of approximately $50.61 million.
Shareholding Reduction: Warburg Pincus has reduced its shareholding in Banc of California by 4.25 million shares since February 13, 2026, with a total value of around $85 million.
See More
Banc of California Q1 2026 Earnings Call Highlights
- Sustained Earnings Growth: Banc of California reported net income of $62 million or $0.39 per diluted share in Q1 2026, reflecting year-over-year growth that reinforces confidence in the company's earnings trajectory moving forward.
- Capital Buyback Program: The bank repurchased 1.7 million shares this quarter and extended its buyback program through March 2027, while increasing its dividend from $0.10 to $0.12 per share, indicating a strong commitment to shareholder returns and proactive capital management.
- Strong Loan Production: Loan production and disbursements remained robust at $2.1 billion, with new production rates at 6.65%, which not only enhances the company's competitive position in the market but also lays a solid foundation for future revenue growth.
- Optimistic Outlook: The bank reaffirmed its guidance for pretax pre-provision income growth of 20% to 25% for 2026, while projecting continued net interest margin expansion, demonstrating management's confidence in future performance and adaptability to market changes.
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Banc of California (BANC) Q1 2026 Transcript
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Banc of California Reports Strong Q1 2026 Financial Results
- Profitability Improvement: Banc of California reported net earnings of $62 million for Q1 2026, translating to $0.39 per diluted share, reflecting a strong year-over-year growth despite a decrease from $67.4 million in Q4 2025, indicating sustained strength in core earnings.
- Enhanced Capital Flexibility: The company extended its $300 million stock repurchase program through March 2027 and announced plans to redeem $385 million of subordinated debt, demonstrating its commitment to capital management and shareholder value creation.
- Net Interest Margin Expansion: The net interest margin increased to 3.24% in Q1 2026, up 4 basis points from Q4 2025, primarily driven by a decline in deposit costs, which enhances the company's profitability and competitive position in the market.
- Loan Production Growth: Total loan production and disbursements reached $2.1 billion in Q1 2026, with a weighted average interest rate of 6.65%, supporting the optimization of the balance sheet and providing potential upside for future earnings growth.
See More
Banc of California to Announce Q1 Earnings on April 22
- Earnings Announcement: Banc of California (BANC) is set to release its Q1 2023 earnings report on April 22 after market close, with consensus EPS estimates at $0.38, reflecting a significant year-over-year increase of 46.2%, indicating strong profitability improvements.
- Revenue Expectations: The anticipated revenue for Q1 is $290.57 million, representing a 9.2% year-over-year growth, which will help the company maintain stable revenue growth in a competitive market and bolster investor confidence.
- Performance Beat Record: Over the past two years, Banc of California has beaten EPS estimates 63% of the time and revenue estimates 13% of the time, demonstrating the company's financial stability and effective management.
- Dividend and Buyback Plans: Banc of California has raised its dividend by 20% to $0.12 per share and extended its $300 million stock buyback program, which not only enhances shareholder returns but also reflects the company's confidence in future cash flows.
See More
Banc of California Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Banc of California's Board of Directors declared a cash dividend of $0.12 per share on its common stock, payable on July 1, 2026, which aims to enhance shareholder returns and attract more investor interest.
- Preferred Stock Dividend: Additionally, the Board announced a cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, payable on June 1, 2026, further solidifying the company's appeal in capital markets.
- Dividend Reinvestment Plan: The company offers a Dividend Reinvestment Plan (DRIP) that allows common stockholders to automatically acquire shares at a 3% discount from the market price, aimed at increasing long-term investment value and shareholder engagement.
- Company Overview: Banc of California, with over $34 billion in assets, is the largest independent bank headquartered in Los Angeles, providing a diverse range of loan and deposit products while supporting small and middle-market businesses, thereby enhancing its market position in California and nationwide.
See More
Banc of California Insider Plans to Sell $50.61 Million in Common Stock via Form 144
Stock Sale Announcement: Warburg Pincus LLC plans to sell 2.64 million shares of its common stock in Banc of California (BANC.U.S) on May 7, with a market value of approximately $50.61 million.
Shareholding Reduction: Warburg Pincus has reduced its shareholding in Banc of California by 4.25 million shares since February 13, 2026, with a total value of around $85 million.
See More
Banc of California Q1 2026 Earnings Call Highlights
- Sustained Earnings Growth: Banc of California reported net income of $62 million or $0.39 per diluted share in Q1 2026, reflecting year-over-year growth that reinforces confidence in the company's earnings trajectory moving forward.
- Capital Buyback Program: The bank repurchased 1.7 million shares this quarter and extended its buyback program through March 2027, while increasing its dividend from $0.10 to $0.12 per share, indicating a strong commitment to shareholder returns and proactive capital management.
- Strong Loan Production: Loan production and disbursements remained robust at $2.1 billion, with new production rates at 6.65%, which not only enhances the company's competitive position in the market but also lays a solid foundation for future revenue growth.
- Optimistic Outlook: The bank reaffirmed its guidance for pretax pre-provision income growth of 20% to 25% for 2026, while projecting continued net interest margin expansion, demonstrating management's confidence in future performance and adaptability to market changes.
See More
Banc of California (BANC) Q1 2026 Transcript
See More
Banc of California Reports Strong Q1 2026 Financial Results
- Profitability Improvement: Banc of California reported net earnings of $62 million for Q1 2026, translating to $0.39 per diluted share, reflecting a strong year-over-year growth despite a decrease from $67.4 million in Q4 2025, indicating sustained strength in core earnings.
- Enhanced Capital Flexibility: The company extended its $300 million stock repurchase program through March 2027 and announced plans to redeem $385 million of subordinated debt, demonstrating its commitment to capital management and shareholder value creation.
- Net Interest Margin Expansion: The net interest margin increased to 3.24% in Q1 2026, up 4 basis points from Q4 2025, primarily driven by a decline in deposit costs, which enhances the company's profitability and competitive position in the market.
- Loan Production Growth: Total loan production and disbursements reached $2.1 billion in Q1 2026, with a weighted average interest rate of 6.65%, supporting the optimization of the balance sheet and providing potential upside for future earnings growth.
See More
Banc of California to Announce Q1 Earnings on April 22
- Earnings Announcement: Banc of California (BANC) is set to release its Q1 2023 earnings report on April 22 after market close, with consensus EPS estimates at $0.38, reflecting a significant year-over-year increase of 46.2%, indicating strong profitability improvements.
- Revenue Expectations: The anticipated revenue for Q1 is $290.57 million, representing a 9.2% year-over-year growth, which will help the company maintain stable revenue growth in a competitive market and bolster investor confidence.
- Performance Beat Record: Over the past two years, Banc of California has beaten EPS estimates 63% of the time and revenue estimates 13% of the time, demonstrating the company's financial stability and effective management.
- Dividend and Buyback Plans: Banc of California has raised its dividend by 20% to $0.12 per share and extended its $300 million stock buyback program, which not only enhances shareholder returns but also reflects the company's confidence in future cash flows.
See More
