secwatch.observer — SEC 8-K summary
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Issuer:     BANC OF CALIFORNIA, INC. (BANC)
CIK:        0001169770
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001169770-23-000015
Event type: dividend
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169770/000116977023000015/0001169770-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169770/000116977023000015/banc-20230213.htm
  HTML page:      https://secwatch.observer/filing/0001169770-23-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer