Banc of California Announces Quarterly Dividend of $0.12 Per Share
Banc of California (NYSE: BANC) has declared a quarterly dividend of $0.12 per share, maintaining its previous payout level. The dividend carries a forward yield of 2.67%, with an ex-dividend date set for December 15 and payment scheduled for January 4. In recent financial performance, the company reported a Non-GAAP EPS of $0.46, slightly exceeding expectations by $0.01, though revenue of $303.7 million fell short of estimates by $2.5 million. Looking ahead to Q4, management expects pretax pre-provision income to fall between $125 million and $130 million, with Net Interest Margin (NIM) guidance projected at 3.35% to 3.40%.
Tickers: $BANC
Topics: dividend declaration earnings beat net interest margin guidance revenue miss