BANC OF CALIFORNIA, INC.
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 8, 2025
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Item 1A. RISK FACTORS
For information regarding factors that could affect the Company's results of operations, financial condition, and liquidity, see the risk factors disclosed in the "Risk Factors" section of our Form 10-K. See also "Forward-Looking Information" disclosed in Part I, Item 2 of this Quarterly Report on Form 10-Q. There have been no material changes to the risk factors previously disclosed in our Form 10-K.
The following table sets forth information regarding repurchases of shares of our common stock during the three months ended June 30, 2025:
| Total Number of · Approximate Dollar | ||||
|---|---|---|---|---|
| Shares Purchased · Value of Shares | ||||
| Total · as Part of · That May Yet | ||||
| Number of | Average | Publicly | Be Purchased | |
| Shares | Price Paid | Announced | Under the | |
| Period | Purchased (1) | Per Share | Program (2) | Program (2) |
| (Dollars in thousands, except per share amounts) | ||||
| April 1 - April 30, 2025 | 8,811,011 | $12.65 | 8,809,814 | $150,000 |
| May 1 - May 31, 2025 | 48,759 | $13.77 | — | $150,000 |
| June 1 - June 30, 2025 | 119 | $13.97 | — | $150,000 |
| Total | 8,859,889 | $12.66 | 8,809,814 | |
(1) Includes shares repurchased pursuant to net settlement by employees in satisfaction of income tax withholding obligations incurred through the vesting of Company stock awards, and shares repurchased pursuant to the Company's publicly announced Stock Repurchase Program described in (2) below.
(2) On March 17, 2025, the Company announced that its Board of Directors authorized a Stock Repurchase Program to purchase up to $150.0 million of its common stock. On April 23, 2025, the Company announced an upsize of its stock repurchase program from $150.0 million to $300.0 million and expanded the program to cover both the Company's common stock and depositary shares representing its preferred stock. The repurchase authorization expires in March 2026. The program may be changed, suspended, or discontinued at any time.
None.
Not applicable.
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