Banc of California Announces Quarterly Dividend for Series F Preferred Shares
Banc of California, Inc. has declared a quarterly dividend of $0.4845 per share for its Series F preferred stock (BANC.PR.F). The dividend carries a forward yield of 7.7%, with an ex-dividend date and record date set for November 19, and payment scheduled for December 1. This announcement follows the company's Q3 earnings report, which showed a non-GAAP EPS of $0.46, slightly beating analyst expectations by $0.01, despite a revenue miss of $2.5 million at $303.7 million. Looking ahead to Q4, the bank expects pretax pre-provision income between $125 million and $130 million, with Net Interest Margin (NIM) guidance projected in the 3.35% to 3.40% range.
Tickers: $BANC
Topics: dividend declaration earnings beat net interest margin guidance revenue miss