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Banc of California Announces $150 Million Stock Repurchase Program

1. Banc of California authorized a $150 million stock repurchase program. 2. Repurchases can occur until March 2026, signaling confidence in stock value.

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FAQ

Why Bullish?

Stock buybacks often indicate management's confidence in the company's value, potentially driving up stock price, similar to previous successful buybacks in other firms. This suggests a proactive approach to shareholder value enhancement.

How important is it?

The announcement of a significant buyback program is likely to influence investor perception positively, enhancing demand for BANC shares and reflecting strong future performance expectations.

Why Long Term?

The repurchase program extends until March 2026, indicating sustained commitment and potential long-term gains for shareholders, akin to past programs that benefited companies in the long run.

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WALPACWFITB
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC), the parent company of wholly owned subsidiary Banc of California, today announced that its Board of Directors has authorized the repurchase of up to $150 million of the company's common stock. The repurchase authorization expires in March 2026. Purchases may be made 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 man.

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