BANC OF CALIFORNIA, INC.
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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.
Mar 31, 2026 · Filed May 8, 2026
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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 March 31, 2026:
| Total · Total Number of · Approximate Dollar | ||||
|---|---|---|---|---|
| Number of | Average | Shares Purchased | Value of Shares That | |
| Shares | Price Paid | as Part of Publicly | May Yet Be Purchased | |
| Period | Purchased (1) | Per Share | Announced Program (2) | Under the Program (2) |
| (Dollars in thousands, except per share amounts) | ||||
| January 1 - January 31, 2026 | — | $— | — | $114,502 |
| February 1 - February 28, 2026 | 1,286,001 | $19.80 | 1,000,000 | $94,502 |
| March 1 - March 31, 2026 | 715,863 | $16.84 | 709,935 | $82,559 |
| Total | 2,001,864 | $18.74 | 1,709,935 | |
(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 23, 2026, the Company announced that its Board of Directors extended its $300.0 million stock repurchase program through March 16, 2027. Pursuant to this program, the Company may repurchase common stock, common equivalent stock and depository shares representing its preferred stock from time to time in open market transactions, in block transactions on or off an exchange, in privately negotiated transactions, or by other means as determined by the Company's management and in accordance with the regulations of the SEC. The program may be changed, suspended, or discontinued at any time.
None.
Not applicable.
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