Banc of California, Inc. (BANC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
3 MACARTHUR PLACE SANTA ANA, CA 92707 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6021 - National Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 310,985 | 283,729 | 1,010,951 | 228,896 | 256,058 | 243,064 | |||
| Cash and cash equivalents | 310,985 | 283,729 | 1,010,951 | 228,896 | 256,058 | 243,064 | |||
| Short-term investments | |||||||||
| Financing receivable, accrued interest, after allowance for credit loss | 39,494 | 35,821 | 39,850 | 37,942 | |||||
| Total current assets: | 350,479 | 319,550 | 1,050,801 | 266,838 | 256,058 | 243,064 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 23,104 | 26,630 | 27,502 | 28,780 | 30,321 | 32,632 | |||
| Property, plant and equipment | 109,141 | 108,235 | 108,087 | 107,728 | 108,523 | ||||
| Long-term investments and receivables | 94,273 | 94,703 | 92,637 | 90,295 | 22,401 | 23,531 | |||
| Long-term investments | 94,273 | 94,703 | 92,637 | 90,295 | 22,401 | 23,531 | |||
| Intangible assets, net (including goodwill) | 126,596 | 127,518 | 128,442 | 129,364 | 130,474 | 99,804 | |||
| Goodwill | 114,312 | 114,312 | 114,312 | 114,312 | 114,312 | 95,127 | |||
| Intangible assets, net (excluding goodwill) | 12,284 | 13,206 | 14,130 | 15,052 | 16,162 | 4,677 | |||
| Deferred income tax assets | 51,461 | 64,001 | 54,450 | 50,518 | 56,376 | 54,455 | |||
| Total noncurrent assets: | 404,575 | 421,087 | 411,118 | 298,957 | 347,300 | 318,945 | |||
| Other undisclosed assets | 8,492,018 | 8,629,628 | 8,576,982 | 8,631,221 | 8,765,220 | 8,940,104 | |||
| TOTAL ASSETS: | 9,247,072 | 9,370,265 | 10,038,901 | 9,197,016 | 9,368,578 | 9,502,113 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | |||||||||
| Accrued liabilities | |||||||||
| Debt | 20,000 | ||||||||
| Total current liabilities: | 20,000 | ||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 12,000 | 7,000 | |||||||
| Investment program, proportional amortization method, elected, commitment | 12,000 | 7,000 | |||||||
| Total noncurrent liabilities: | 12,000 | 7,000 | |||||||
| Other undisclosed liabilities | 8,245,352 | 8,413,211 | 9,079,994 | 8,217,398 | 8,404,588 | 8,545,983 | |||
| Total liabilities: | 8,245,352 | 8,413,211 | 9,079,994 | 8,237,398 | 8,416,588 | 8,552,983 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,001,720 | 957,054 | 958,907 | 959,618 | 951,990 | 949,130 | |||
| Preferred stock | |||||||||
| Treasury stock, value | (137,269) | (137,270) | (121,092) | (115,907) | (96,978) | (84,013) | |||
| Additional paid in capital | 869,565 | 867,994 | 866,306 | 866,478 | 864,806 | 856,079 | |||
| Accumulated other comprehensive loss | (43,453) | (49,758) | (50,489) | (40,597) | (47,579) | (34,059) | |||
| Retained earnings (accumulated deficit) | 312,219 | 275,430 | 263,524 | 248,988 | 231,084 | 210,471 | |||
| Other undisclosed equity, attributable to parent | 658 | 658 | 658 | 656 | 657 | 652 | |||
| Total equity: | 1,001,720 | 957,054 | 958,907 | 959,618 | 951,990 | 949,130 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,247,072 | 9,370,265 | 10,038,901 | 9,197,016 | 9,368,578 | 9,502,113 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 99,887 | 100,347 | 92,010 | 83,499 | 85,784 | 80,294 | ||
| Net investment income | 99,887 | 100,347 | 92,010 | 91,207 | 85,784 | 80,294 | ||
| Cost of revenue | (5,000) | (1,900) | (2,000) | |||||
| Provision for loan, lease, and other losses | (5,000) | (1,900) | (2,000) | |||||
| Gross profit: | 94,887 | 98,447 | 90,010 | 83,499 | 85,784 | 80,294 | ||
| Operating expenses | (20,867) | (11,752) | (11,622) | (14,210) | (17,331) | (14,078) | ||
| Other operating income (expense), net (Noninterest Income, Other Operating Income) | 949 | 2,477 | 4,433 | 2,731 | 1,710 | 3,689 | ||
| Operating income (loss): | 74,969 | 89,172 | 82,821 | 72,020 | 70,163 | 69,905 | ||
| Nonoperating income (expense) | 47,152 | 951 | 900 | 923 | 873 | 810 | ||
| Investment income, nonoperating | 46,186 | |||||||
| Bank owned life insurance income | 966 | 951 | 900 | 923 | 873 | 810 | ||
| Interest and debt expense | (47,004) | (46,519) | (33,866) | (23,895) | (16,565) | (10,119) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 75,117 | 43,604 | 49,855 | 49,048 | 54,471 | 60,596 | ||
| Income (loss) from equity method investments | 34 | 36 | (1,618) | (608) | (504) | (1,043) | ||
| Other undisclosed loss from continuing operations before income taxes | (16,319) | (19,016) | (20,564) | (17,853) | (19,840) | (22,680) | ||
| Income (loss) from continuing operations before income taxes: | 58,832 | 24,624 | 27,673 | 30,587 | 34,127 | 36,873 | ||
| Income tax expense (benefit) | (16,258) | (6,745) | (7,395) | (9,068) | (9,931) | (10,161) | ||
| Income (loss) from continuing operations: | 42,574 | 17,879 | 20,278 | 21,519 | 24,196 | 26,712 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 24,196 | 26,712 | |
| Net income (loss) attributable to parent: | 42,574 | 17,879 | 20,278 | 21,519 | 24,196 | 26,712 | ||
| Preferred stock dividends and other adjustments | 3,747 | |||||||
| Other undisclosed net loss available to common stockholders, basic | ||||||||
| Net income (loss) available to common stockholders, diluted: | 42,574 | 17,879 | 20,278 | 25,266 | 24,196 | 26,712 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 42,574 | 17,879 | 20,278 | 21,519 | 24,196 | 26,712 | ||
| Comprehensive income (loss): | 42,574 | 17,879 | 20,278 | 21,519 | 24,196 | 26,712 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 6,305 | 731 | (9,892) | 6,982 | (13,520) | (14,887) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 48,879 | 18,610 | 10,386 | 28,501 | 10,676 | 11,825 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.