Preferred Stock Channel
Banc Of California Inc | 7.000% Non-Cumulative Perpetual Preferred Stock, Series E (BANC.PRE)

Prospectus excerpt:  We are selling 5,000,000 depositary shares each representing a 1/40th ownership interest in a share of 7.000% Non-Cumulative Perpetual Preferred Stock, Series E, $0.01 par value, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share), referred to herein as the Preferred Stock. As a holder of depositary shares, you will be entitled to all proportional rights and preferences of the Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise such rights through the depositary.

Full Prospectus PDF », BANC Page »

Series:E
Alternate symbology:BANC-E, BANC-PE, BANCprE
Redeemable?:Yes
Call Date:3/15/2021 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Shares Offered:5,000,000
Liquidation Preference:$25
Recent Market Price:$25.75
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.75 (3.00%)
Annualized Dividend:1.75
Recent Ex-Date:5/28/2021
Current Yield:6.80%
Original Coupon:7.00%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
Banc of California is a bank holding company. Through its subsidiary, Co. is engaged in providing products and solutions for businesses, business owners, and individuals through its branches extending from San Diego to Santa Barbara. Co.'s products include: Commercial and Industrial Loans, Commercial Real Estate and Multifamily Loans, Small Business Administration Loans, Construction Loans, Single Family Residential Mortgage Loans, and Other Consumer Loans. Co. also provides a variety of deposit products consisting of interest-bearing and noninterest-bearing demand accounts, savings accounts, money market deposit accounts, and certificates of deposit.

Preferreds: BANCP, BANC.PRC, BANC.PRD, BANC.PRE


Open the BANC Information Page »
Name:  Banc Of California Inc
Website:  www.bancofcal.com
Sector:  Banking & Savings
Number of ETFs Holding BANC:  41 (see which ones)
Total Market Value Held by ETFs:  $157,498,660.2
Total Market Capitalization:  $886,000,000
% of Market Cap. Held by ETFs:  17.78%

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