BANC

#1715
Banc of California, Inc. Common Stock
18.7 7 USD
+0.03%
Market Price
Sektor: Finanzen
Basis: USD
Gewinnwährung: USD
Tagesspanne
18.72
18.77
Jahresspanne
15.33
21.93
Tagesänderung
+3.30%
Monatliche Änderung
-1.88%
6 month change
+6.71%
Jahresänderung
+12.40%
Vorheriger Schlusskurs
18.1 7
Open
18.7 3
Tief
18.7 2
Hoch
18.7 7
Volumen
273
Vollständige Grafik anzeigen

Financials

Übersicht Finanzbericht Statistik Dividenden Documents

2026

Current report, Q3 FY2026
BANC OF CALIFORNIA, INC. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
BANC OF CALIFORNIA, INC. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
BANC OF CALIFORNIA, INC. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
BANC OF CALIFORNIA, INC. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
BANC OF CALIFORNIA, INC. quarterly report, Q1 FY2026
10-Q
Current report, Q1 FY2026
BANC OF CALIFORNIA, INC. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
BANC OF CALIFORNIA, INC. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
BANC OF CALIFORNIA, INC. current report, Q1 FY2026
8-K

2025

Annual report, FY2025
BANC OF CALIFORNIA, INC. annual report, FY2025
10-K
Current report, Q4 FY2025
BANC OF CALIFORNIA, INC. current report, Q4 FY2025
8-K

BANC OF CALIFORNIA, INC. current report, Q3 FY2019

Full document

Business Context and Reporting Period

This Form 8-K Current Report was filed by Banc of California, Inc. on September 23, 2019. The report discloses a material event regarding the settlement of consolidated class action securities litigation.

Key Financial Metrics

The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial figure disclosed relates to a specific legal settlement:

  • Settlement Amount: $19.75 million.
  • Payer: The Company's insurance carriers.
  • Company Cash Contribution: $0 (The Company is not required to contribute cash).

Material Changes and Events

On September 16, 2019, the Company entered into a Memorandum of Understanding (MOU) to settle the In re Banc of California Securities Litigation (Case No. SACV 17-00118 AG). Key terms include:

  • Class Period: Shareholders who purchased stock between April 15, 2016, and January 20, 2017.
  • Dismissals: The action against the Company and its former CEO/Chairman, Steven Sugarman, will be dismissed with prejudice upon settlement approval.
  • Cost Avoidance: Management stated the settlement ends the costs and distraction of the litigation, despite the Company's belief that the claims were not meritorious.

Outlook, Risks, and Contingencies

The settlement is subject to several contingencies and risks:

  • Court Approval: The settlement and dismissals require preliminary and final approval by the United States District Court for the Central District of California. There is no assurance approval will be obtained.
  • Conditions: Certain conditions must be met, including the notice period for class members to object or opt out.
  • Forward-Looking Statements: The report includes standard disclaimers that actual results regarding the settlement could differ materially from expectations due to various risks and uncertainties.

Investor Verification Checklist

  • Verify the final approval status of the settlement by the Court.
  • Confirm the final distribution amount to shareholders after attorney fees and costs are deducted from the $19.75 million.
  • Review the complete text of the settlement stipulation filed with the Court for full terms.
  • Monitor for any opt-out activity by class members that could impact the settlement's finality.