BANC OF CALIFORNIA, INC. 8-K

What Happened
Banc of California, Inc. (BANC) filed an 8-K (press release dated Feb 5, 2026) announcing that its Board declared a quarterly cash dividend of $0.12 per share on outstanding common stock — a 20% increase versus the prior declaration. The common dividend is payable April 1, 2026, to shareholders of record as of March 16, 2026. The Board also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non‑Cumulative Perpetual Preferred Stock, Series F, payable March 2, 2026, to holders of record as of February 19, 2026. The Series F depositary shares trade on the NYSE under the symbol "Banc/PF." The company furnished the press release as Exhibit 99.1 to the 8-K.

Key Details

• Common dividend: $0.12 per share, representing a 20% increase; payable Apr 1, 2026; record date Mar 16, 2026.
• Series F preferred dividend: $0.4845 per depositary share; payable Mar 2, 2026; record date Feb 19, 2026.
• Series F depositary shares trade on NYSE as "Banc/PF."
• 8-K filed Feb 6, 2026; press release dated Feb 5, 2026 (Exhibit 99.1).

Why It Matters
A higher common dividend is a direct cash return to common shareholders and signals the Board’s willingness to distribute more capital. Investors should note the record and payable dates to be eligible for the payments. The declared preferred dividend maintains scheduled payments on the Series F issue; preferred holders receive the stated quarterly payout. This 8-K does not include earnings or operating results — it only reports dividend declarations and the related timing.