Banc of California Extends Stock Repurchase Program to 2027

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Mar 23 2026

0mins

Should l Buy BANC?

Banc of California announced that its Board of Directors approved an extension of the Company's existing stock repurchase program, which was originally announced on March 17, 2025 and subsequently upsized from $150M to $300M on April 23, 2025. Since inception of the program, the Company has repurchased approximately $217M of its common stock, $31M of which was repurchased in 2026, leaving approximately $83 million available for future repurchases. The stock repurchase program, which was previously scheduled to expire in March 2026, has been extended through March 16, 2027. The Company also announced Banc of California's intent to redeem the entire outstanding $385M aggregate principal amount of 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031 originally issued by Pacific Western Bank, which are scheduled to reset to a floating rate equal to three-month term SOFR plus 252 bps beginning on May 1, 2026. The Notes are redeemable in whole or in part beginning on May 1, 2026 at a redemption price equal to 100% of principal amount of the Notes redeemed, plus any accrued and unpaid interest.

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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: 18.900

Low

23.00

Averages

24.20

High

25.00

Current: 18.900

Low

23.00

Averages

24.20

High

25.00

Barclays

NULL

Overweight

maintain

$25 -> $23

2026-04-07

Reason

Barclays

Price Target

$25 -> $23

AI Analysis

2026-04-07

maintain

NULL

Overweight

Reason

Barclays lowered the firm's price target on Banc of California to $23 from $25 and keeps an Overweight rating on the shares. The firm adjusted targets in the mid-cap bank group as part of a Q1 preview. Loan growth and net interest income trends "look strong" but Barclays has more questions around credit relative to the start of the year as energy prices, AI disruption, and layoff activity "inject uncertainty," the analyst tells investors in a research note.

Piper Sandler

NULL

Overweight

maintain

$25 -> $22

2026-04-02

Reason

Piper Sandler

Price Target

$25 -> $22

2026-04-02

maintain

NULL

Overweight

Reason

Piper Sandler lowered the firm's price target on Banc of California to $22 from $25 and keeps an Overweight rating on the shares. The firm is making some estimate and price target changes for its Western bank coverage in conjunction with the Regional & Community Banks Q1 Preview.

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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 80 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-stack payment processing solutions through its subsidiary, Deepstack Technologies, LLC (Deepstack). The Bank is organized into four business groups, such as Community Banking, Specialty Banking, Deposit 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 Services provide valuable services to clients in the Community and Specialty Banking groups.

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.

Market Recovery Boosts Investment Banking Stocks

2 days agoYahoo Finance

Market Sentiment Recovery: As geopolitical risks subside, the outlook for investment banking and lending activities improves, leading to afternoon stock gains, with NBT Bancorp rising 3.2% and Banc of California up 2.4%, reflecting optimistic expectations for M&A activity.
Increased M&A Activity: The resurgence of risk-on sentiment typically triggers a rise in merger and acquisition (M&A) activity and initial public offerings (IPOs), allowing banks to benefit from increased fee-based revenues as corporate clients regain confidence to pursue previously shelved strategic deals.
Reduced Credit Risk: Falling energy prices diminish the risk of credit defaults in energy-sensitive sectors, enhancing the overall quality of bank loan portfolios, enabling banks to manage their capital reserves more effectively in a stable economic environment, alleviating fears of a sharp recession.
Investment Opportunities Arise: The market often overreacts to news, and significant price drops can present good opportunities for investors to buy high-quality stocks, with NBT Bancorp up 10.1% year-to-date and trading near its 52-week high, indicating strong long-term investment potential.

BANC OF CALIFORNIA, INC.: BARCLAYS LOWERS TARGET PRICE FROM $25 TO $23

Apr 07 2026moomoo

Company Overview: Banc of California, Inc. is a financial institution that has recently been in the news.
Target Price Adjustment: Barclays has reduced the target price for Banc of California's stock from $25 to $23.

Banc of California to Release Q1 2026 Financial Results

Apr 03 2026Newsfilter

Earnings Release Schedule: Banc of California plans to release its Q1 2026 financial results after market close on April 22, 2026, demonstrating the company's commitment to transparency and investor communication.
Conference Call Timing: The company will host a conference call on April 23, 2026, at 10:00 a.m. PT to discuss the financial results, which is expected to attract significant attention from investors and analysts.
Investor Participation Method: Interested parties can join the call by dialing (888) 317-6003 and referencing event code 5670833, indicating the company's dedication to providing accessible communication channels for investors.
Company Background Information: Banc of California is a bank holding company with over $34 billion in assets, offering a diverse range of banking and treasury management services, highlighting its significant position in the small and middle-market business sector.

Banc of California Extends Stock Buyback Program

Mar 23 2026seekingalpha

Stock Buyback Extension: Banc of California has extended its $300 million stock repurchase program to March 16, 2027, from the previously set March 2026, indicating strong confidence in future stock performance and likely enhancing investor trust.
Bond Redemption Plan: The company intends to redeem its entire outstanding $385 million of 3.25% fixed-to-floating rate subordinated notes, which will be redeemed at par plus accrued interest, expected to reduce future interest expenses and improve financial health.
Positive Market Reaction: Following the announcement, Banc of California's stock rose 3.6% in pre-market trading on Monday, reflecting market optimism regarding the company's financial stability and growth potential, which may attract more investor interest.
Future Growth Targets: Banc of California is targeting a 10% to 12% growth in net interest income for 2026 while expanding loan production, a strategy that will enhance the company's profitability and competitive position in the market.