On March 17, 2025, Banc of California, Inc. announced that its Board of Directors authorized a stock repurchase program of up to $150 million of the company’s common stock. The authorization is set to expire in March 2026. This program allows for repurchases through various means, including open-market and privately negotiated transactions.
The timing and volume of share repurchases will be determined by management based on factors such as price, trading volume, market conditions, and corporate and regulatory requirements. This initiative reflects the company's commitment to capital management and enhancing shareholder value.
A stock repurchase program can signal management's confidence in the company's financial health and future prospects. It also provides flexibility in capital allocation, allowing the company to return capital to shareholders.
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