PacWest Bancorp (PACW) financial statements (2022 and earlier)

Company profile

Business Address 130 S. STATE COLLEGE BLVD.
BREA, CA 92821
State of Incorp. DE
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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,9733,5435,6925,5283,0162,7671,750
Cash and cash equivalents3,9453,5255,6795,5183,0102,7661,747
Short-term investments29191310613
Total current assets:3,9733,5435,6925,5283,0162,7671,750
Noncurrent Assets
Finance lease, right-of-use asset 125121122120122125
Operating lease, right-of-use asset123125121122120122125
Property, plant and equipment47474040394142
Intangible assets, net (including goodwill)1,4511,2201,2231,2251,1021,1051,109
Goodwill1,4061,2041,2041,2041,0791,0791,079
Intangible assets, net (excluding goodwill)45161821242731
Deferred income tax assets     1 
Total noncurrent assets:1,6211,5171,5031,5101,3811,3911,402
Other undisclosed assets34,84930,82527,67325,81925,10124,26924,214
TOTAL ASSETS:40,44335,88634,86832,85729,49828,42727,366
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities36   59  
Taxes payable36   59  
Total current liabilities:36   59  
Noncurrent Liabilities
Other undisclosed liabilities36,40731,96731,02129,20225,84424,94023,913
Total liabilities:36,44431,96731,02129,20225,90324,94023,913
Stockholders' equity
Stockholders' equity attributable to parent4,0003,9183,8473,6543,5953,4863,453
Common stock1111111
Treasury stock, value(97)(97)(97)(91)(89)(89)(88)
Additional paid in capital3,0133,0353,0573,0773,1013,1263,148
Accumulated other comprehensive income6699146106173155145
Retained earnings1,016880740560409293247
Total stockholders' equity:4,0003,9183,8473,6543,5953,4863,453
TOTAL LIABILITIES AND EQUITY:40,44335,88634,86832,85729,49828,42727,366

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues372341321318312304313
Net investment income 290280273167266273
Cost of revenue(162)   (10)(97)(120)
Provision for loan, lease, and other losses    (10)(97)(120)
Gross profit:210341321318302207193
Operating expenses(38)(31)(31)(33)(32)(30)(30)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
(60)251421(21)107
Operating income:112336304307249187170
Nonoperating income (expense)(106)413430163034
Investment income, nonoperating(106)413430163034
Interest and debt expense(14)(14)(14)(12)(13)(15)(20)
Income (loss) from continuing operations before equity method investments, income taxes:(8)363324325252202184
Other undisclosed income (loss) from continuing operations before income taxes196(175)(81)(121)(99)(143)(138)
Income from continuing operations before income taxes:1881882432041535946
Income tax expense(52)(48)(62)(54)(37)(14)(13)
Net income attributable to parent:1361401811501174633
Other undisclosed net loss available to common stockholders, basic(2)(2)(3)(2)(0)(1)(0)
Net income available to common stockholders, diluted:1341381771481174533

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:1361401811501174633
Comprehensive income:1361401811501174633
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(33)(47)39(66)171054
Comprehensive income, net of tax, attributable to parent:10393220841345687

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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