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Banc Of California Inc | 7.75% Dep Shares Rate Reset Non-Cumul Preferred Stock, Series A (BANC.PRF)
Prospectus excerpt: We are offering 20,000,000 of our depositary shares, or the depositary shares, each representing a 1/40th ownership interest in a share of our 7.75% fixed rate reset non-cumulative perpetual preferred stock, Series A, par value $0.01 per share, or the Series A Preferred Stock, with a liquidation preference of $1,000 per share of Series A Preferred Stock (equivalent to $25.00 per depositary share). As a holder of the depositary shares, you will be entitled to all proportional rights and preferences of the Series A Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise any such rights through the depositary. Full Prospectus PDF », Secondary Prospectus PDF », BANC Page »
| Series: | A | | Alternate symbology: | BANC-F, BANC-PF, BANCprF | | Redeemable?: | Yes | | Call Date: | 9/1/2027 | | Perpetual?: | Yes | | Cumulative?: | No | | Shares Offered: | 20,000,000 | | Overallotment: | 3,000,000 | | Liquidation Preference: | $25.00 | | Recent Market Price: | $22.70 | Discount to Liquidation Preference:
(More Preferreds Trading at a Discount ») | $-2.30 (-9.20%) | | Annualized Dividend: | 1.938 | | Recent Ex-Date: | 2/16/2024 | | Current Yield: | 8.54% | | Original Coupon: | 7.75% | | Pay Period: | Quarterly | | Pay Dates: | 1-Mar, 1-Jun, 1-Sep, 1-Dec | | CDx3 Compliance Rating: |
Learn BANC.PRF's Rating
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Banc of California is a bank holding company. Through its subsidiary, Banc of California, National Association, Co. is engaged in providing products and solutions for businesses, business owners, and individuals within California. Co. provides a number of loan products including commercial and industrial loans; commercial real estate loans and multifamily loans; small business administration loans; and construction loans. Co. provides a variety of deposit products to its clients with a range of interest rates and terms. Deposits consist of interest-bearing and noninterest-bearing demand accounts, savings accounts, money market deposit accounts, and certificates of deposit. Preferreds: BANC.PRC, BANCP, BANC.PRD, BANC.PRE, BANC.PRF
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| Name: |
Banc Of California Inc |
| Website: |
www.bancofcal.com |
| Sector: |
Banking & Savings |
| Number of ETFs Holding BANC: |
48 (see which ones) |
| Total Market Value Held by ETFs: |
$456,943,059.5 |
| Total Market Capitalization: |
$2,209,000,000 |
| % of Market Cap. Held by ETFs: |
20.69% |
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