Banc of California, Inc. announced the extension of its $300 million stock repurchase program until December 31, 2025, and disclosed its intention to fully redeem all outstanding fixed-to-floating rate subordinated notes due 2031.

This decision demonstrates the company's strategic move to strengthen its capital structure and optimize financial flexibility. By extending the stock repurchase program, the management expresses confidence in the outlook of its own share price; meanwhile, the early redemption of subordinated notes helps reduce long-term funding costs and enhances the efficiency of shareholder value returns. The coordinated implementation of these two initiatives is expected to further consolidate the market competitiveness of this financial institution.