BANC increases quarterly dividend 67% to $0.10/share and authorizes $35M buyback

BANC OF CALIFORNIA, INC.

Quarterly dividend raised 66.7% to $0.10/share; payable Apr 3, 2023 to holders of record Mar 15, 2023.
Board authorized up to $35M common stock repurchase; program expires Feb 2024.
Repurchases may be made via open market, block trades, or private transactions depending on market conditions.
CEO cites strong financial and capital position as rationale for returning capital to shareholders.

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