Banc of California, Inc. (BANC) financial statements (2021 and earlier)

Company profile

Business Address 3 MACARTHUR PLACE
SANTA ANA, CA 92707
State of Incorp. MD
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments221292421436373527314
Cash and cash equivalents221292421436373527314
Total current assets:221292421436373527314
Noncurrent Assets
Operating lease, right-of-use asset20191921232424
Property, plant and equipment122124125127128129129
Long-term investments and receivables28282727292727
Long-term investments28282727292727
Intangible assets, net (including goodwill)40404041414242
Goodwill37373737373737
Intangible assets, net (excluding goodwill)3334455
Deferred income tax assets46444864454643
Total noncurrent assets:255254260280266268265
Other undisclosed assets7,4027,1917,0896,9467,1897,8318,781
TOTAL ASSETS:7,8777,7387,7707,6637,8288,6259,360
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt135   639  
Total current liabilities:135   639  
Noncurrent Liabilities
Other undisclosed liabilities6,8456,8646,9236,8286,2827,7248,396
Total liabilities:6,9806,8646,9236,8286,9217,7248,396
Stockholders' equity
Stockholders' equity attributable to parent, including:897874847835907901964
Preferred stock185185185188190190231
Treasury stock, value(41)(41)(41)(41)(29)(29)(29)
Additional paid in capital635633632631630629627
Accumulated other comprehensive income (loss)81(16)(54)(12)(10)(13)
Retained earnings1109586111128120146
Other undisclosed stockholders' equity attributable to parent1111111
Total stockholders' equity:897874847835907901964
TOTAL LIABILITIES AND EQUITY:7,8777,7387,7707,6637,8288,6259,360

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues67636767758294
Net investment income67636567768392
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1)(1)(12)(16)3(39) 
Gross profit:66625551784394
Operating expenses(10)(15)(15)(17)(17)(13)(9)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
412232(7)
Operating income:60494236653278
Nonoperating income (expense)11(26)1111
Loss on contract termination  (27)    
Bank owned life insurance income1111111
Interest and debt expense(12)(14)(17)(23)(27)(34)(39)
Income (loss) from continuing operations before equity method investments, income taxes:4935(2)1438(1)39
Income (loss) from equity method investments010(3)110
Other undisclosed loss from continuing operations before income taxes(21)(19)(22)(19)(22)(20)(19)
Income (loss) from continuing operations before income taxes:2918(24)(9)17(20)21
Income tax expense (benefit)(7)(2)52(3)6(4)
Net income (loss) attributable to parent:2216(18)(7)14(14)17
Preferred stock dividends and other adjustments(4)(3)(3)(3)(4)(8)(4)
Undistributed earnings (loss) allocated to participating securities, basic (0)    (0)
Other undisclosed net loss available to common stockholders, basic    (0)(0)(0)
Net income (loss) available to common stockholders, diluted:1812(22)(10)11(23)12

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):2216(18)(7)14(14)17
Comprehensive income (loss):2216(18)(7)14(14)17
Other undisclosed comprehensive income (loss), net of tax, attributable to parent61739(42)(2)35
Comprehensive income (loss), net of tax, attributable to parent:283320(49)12(11)22

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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