Cobiz Financial Inc (COBZ) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1401 LAWRENCE ST. DENVER, CO 80202 |
| State of Incorp. | CO |
| 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)
| 6/30/2018 MRQ | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 80,180 | 96,050 | 67,312 | 91,565 | 76,028 | 65,893 | |||
| Cash and cash equivalents | 80,180 | 96,050 | 67,312 | 91,565 | 76,028 | 65,893 | |||
| Restricted cash and investments | 700 | ||||||||
| Total current assets: | 80,180 | 96,050 | 67,312 | 91,565 | 76,028 | 66,593 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 10,827 | 11,019 | 6,122 | 7,250 | 6,034 | 7,091 | |||
| Long-term investments and receivables | 10,119 | 11,365 | 12,461 | 2,172 | 2,172 | 2,172 | |||
| Long-term investments | 10,119 | 11,365 | 12,461 | 2,172 | 2,172 | 2,172 | |||
| Intangible assets, net (including goodwill) | 726 | 1,326 | 1,926 | 2,526 | 2,798 | 3,573 | |||
| Intangible assets, net (excluding goodwill) | 726 | 1,326 | 1,926 | 2,526 | 2,798 | 3,573 | |||
| Total noncurrent assets: | 21,672 | 23,710 | 20,509 | 11,948 | 11,004 | 12,836 | |||
| Other undisclosed assets | 3,744,420 | 3,510,553 | 3,263,946 | 2,958,653 | 2,713,659 | 2,574,212 | |||
| TOTAL ASSETS: | 3,846,272 | 3,630,313 | 3,351,767 | 3,062,166 | 2,800,691 | 2,653,641 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 130,599 | 133,869 | 179,459 | 162,445 | |||||
| Total current liabilities: | 130,599 | 133,869 | 179,459 | 162,445 | |||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 3,386,389 | 3,194,134 | 2,898,772 | 2,590,952 | 2,519,606 | 2,396,590 | |||
| Total liabilities: | 3,516,988 | 3,328,003 | 3,078,231 | 2,753,397 | 2,519,606 | 2,396,590 | |||
| Equity | |||||||||
| Equity, attributable to parent | 329,284 | 302,310 | 273,536 | 308,769 | 281,085 | 257,051 | |||
| Preferred stock | 1 | 1 | 1 | ||||||
| Common stock | 418 | 411 | 406 | 401 | 397 | 391 | |||
| Additional paid in capital | 202,111 | 197,758 | 192,768 | 245,020 | 240,660 | 236,384 | |||
| Accumulated other comprehensive income (loss) | (141) | 566 | 3,283 | 4,328 | 2,730 | 4,838 | |||
| Retained earnings | 126,896 | 103,575 | 77,079 | 59,019 | 37,297 | 15,437 | |||
| Total equity: | 329,284 | 302,310 | 273,536 | 308,769 | 281,085 | 257,051 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,846,272 | 3,630,313 | 3,351,767 | 3,062,166 | 2,800,691 | 2,653,641 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 174,627 | 157,680 | 149,267 | 140,722 | ||||
| Net investment income | 143,187 | 127,782 | 121,266 | 114,317 | ||||
| Financial services revenue | 31,440 | 29,898 | 28,001 | 26,405 | ||||
| Cost of revenue (Financial Services Costs) | (3,285) | (6,420) | ||||||
| Gross profit: | 171,342 | 157,680 | 142,847 | 140,722 | ||||
| Operating expenses | (107,091) | (103,148) | (97,542) | (102,165) | (73,407) | (60,659) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 136 | 137 | 20 | 72 | 56 | 7,940 | ||
| Operating income (loss): | 64,387 | 54,669 | 45,325 | 38,629 | (64,547) | (47,986) | ||
| Nonoperating income | 1,312 | 3,916 | 1,295 | 989 | ||||
| Investment income, nonoperating | 1,312 | 1,186 | (297) | |||||
| Gains on sales of other real estate | 1,459 | |||||||
| Bank owned life insurance income | 1,271 | 1,295 | 1,286 | |||||
| Interest and debt expense | (12,613) | (11,731) | (9,590) | (8,429) | (10,426) | (12,750) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 1,622 | 4,143 | (1,301) | 10,038 | 114,467 | 97,251 | ||
| Income from continuing operations before equity method investments, income taxes: | 53,396 | 47,081 | 35,746 | 44,154 | 40,789 | 37,504 | ||
| Income from equity method investments | 900 | |||||||
| Income from continuing operations before income taxes: | 53,396 | 47,081 | 35,746 | 44,154 | 41,689 | 37,504 | ||
| Income tax expense | (20,478) | (12,182) | (9,606) | (15,147) | (13,351) | (13,258) | ||
| Income from continuing operations: | 32,918 | 34,899 | 26,140 | 29,007 | 28,338 | 24,246 | ||
| Income before gain (loss) on sale of properties: | 32,918 | 34,899 | 26,069 | 29,007 | 28,511 | 24,570 | ||
| Income (loss) from discontinued operations | (71) | 173 | 324 | |||||
| Net income: | 32,918 | 34,899 | 26,069 | 29,007 | 28,511 | 24,570 | ||
| Other undisclosed net loss attributable to parent | (900) | |||||||
| Net income attributable to parent: | 32,918 | 34,899 | 26,069 | 29,007 | 27,611 | 24,570 | ||
| Preferred stock dividends and other adjustments | (320) | (574) | (944) | (2,815) | ||||
| Net income available to common stockholders, diluted: | 32,918 | 34,899 | 25,749 | 28,433 | 26,667 | 21,755 | ||
Comprehensive Income ($ in thousands)
| 6/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 32,918 | 34,899 | 26,069 | 29,007 | 28,511 | 24,570 | ||
| Other comprehensive income (loss) | (707) | (2,717) | (1,045) | 1,598 | ||||
| Comprehensive income: | 32,211 | 32,182 | 25,024 | 30,605 | 28,511 | 24,570 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (3,008) | 3,754 | ||||||
| Comprehensive income, net of tax, attributable to parent: | 32,211 | 32,182 | 25,024 | 30,605 | 25,503 | 28,324 | ||
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.