---
schema_version: "secwatch.filing_event.v1"
accession: "0001169770-23-000015"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2023-02-13T23:59:59+00:00"
generated_at: "2026-06-19T15:39:25.091281+00:00"
event_type: "dividend"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001169770-23-000015
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2023-02-13T23:59:59+00:00
- event_type: dividend
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169770/000116977023000015/0001169770-23-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000116977023000015/banc-20230213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169770-23-000015
- JSON: https://secwatch.observer/filing/0001169770-23-000015.json
- Plain text: https://secwatch.observer/filing/0001169770-23-000015.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.