BANC OF CALIFORN

Earnings of Banc of California will most probably dip next year due to higher provisioning and operating expenses. Read why I''m upgrading BANC stock to a Buy.

Banc of California (BANC) promoted several senior executives and said Executive Vice President and Chief Risk Officer Lynn Sullivan is set to retire.

Banc of California, Inc. (NYSE: BANC) (the “Company”), the holding company for Banc of California, N.A. (the “Bank”), today announced the promotions of several senior executives effective January 1, 2023. The Company also announced the retirement of Lynn Sullivan as the Company’s Executive Vice President and Chief Risk Officer, effective as of year-end, following a distinguished career

Source: Shutterstock Winc (NYSEMKT: WBEV ) stock isn’t doing so hot on Thursday as investors react to the wine subscription service company filing for bankruptcy protection. Winc is filing for bankruptcy as the company has continued to struggle since going public late last year. That includes an ever-dropping share price, which is down 97.3% over the last 52-week period. Investors will also note that the company hasn’t been performing well in earnings . It last reported earnings on Nov. 15, which saw it miss earnings per share estimates by 9 cents and revenue estimates by $2.9 million. Details of the Winc Bankruptcy Winc points out in its bankruptcy filing that it’s already lined up a potential stalking horse bid. This would see that bidder acquire all of the company’s assets. As part of this agreement, an open auction will take place allowing others to bid on Winc’s assets. Winc is also working alongside Banc of California in its bankruptcy filing. It has a credit agreement signed with the company’s predecessor, Pacific Mercantile Bank, from Dec. 15, 2020.

Banc of California, Inc. (NYSE: BANC) today announced it will release 2022 third quarter financial results on Thursday, October 20, 2022. The Company will host a conference call to discuss its third quarter earnings at 10:00 a.m. Pacific Time (PT) on the same day. Interested parties are welcome to attend the conference call by dialing (888) 317-6003 and referencing event code 6394121. A live

NYSE-listed financial services provider, Banc of California recently confirmed that it has acquired the payments platform and technology of Global Payroll Gateway and its wholly owned subsidiary Deepstack Technologies. According to the details shared by Banc of California, the total value of the acquisition stands at around $24 million. The amount has been paid in cash and stock. Deepstack is headquartered in Florida. Banc of California noted that Jayme Amirie will continue as the President of Deepstack. 70% of the total consideration has been paid in cash while the remaining 30% has been paid through the company’s common stock. The entire staff of Deepstack has joined Banc of California. While highlighting the strategic and financial benefits of the latest acquisition of Deepstack, Banc of California mentioned that it will diversify the bank’s revenue mix. Commenting on the acquisition, Jared Wolff, President and Chief Executive Officer of the Banc of California, said : “The acquisition of Deepstack expands our business into payment processing and furthers our strategy to grow fee-based income in a scalable and meaningful way.

Banc of California, Inc. (NYSE: BANC) (the “Company”), the parent holding company of Banc of California, N.A. (the “Bank”), today announced that the Bank has acquired the payments platform and technology of Global Payroll Gateway, Inc. and its wholly-owned subsidiary, Deepstack Technologies, LLC (collectively, “Deepstack”) for $24 million in cash and stock.

Banc of California (BANC) the parent holding company of Banc of California, N.A. has acquired the payments platform and technology Global Payroll Gateway, Inc

Banc of California (NYSE:BANC) declares $0.06/share quarterly dividend, in line with previous.Forward yield 1.4%Payable Oct. 3; for shareholders of record Sept. 15; ex-div Sept.

Banc of California (NYSE:BANC) declares $0.06/share quarterly dividend, in line with previous.Forward yield 1.4%Payable Oct. 3; for shareholders of record Sept. 15; ex-div Sept.

A robust balance sheet and earnings profile make Banc of California attractive at current prices. Read why investors should carefully watch this West Coast bank.

Banc of California, Inc. (NYSE:NYSE:BANC) Q2 2022 Earnings Conference Call July 21, 2022 01:00 p.m.

The following slide deck was published by Banc of California, Inc.

Banc of California (NYSE: BANC ) reported its Q2 earnings results on Thursday, July 21, 2022 at 06:00 AM. Here''s what investors need to know about the announcement. Earnings Banc of California beat estimated earnings by 2.27%, reporting an EPS of $0.45 … Full story available on Benzinga.com