PacWest Bancorp (PACW) financial statements (2021 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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments641741611557386382452
Cash and cash equivalents638736608557386382452
Short-term investments353    
Assets held-for-sale, not part of disposal group   25   
Total current assets:641741611582386382452
Noncurrent Assets
Finance lease, right-of-use asset129134119 
Operating lease, right-of-use asset129134119 
Property, plant and equipment39383838353435
Intangible assets, net (including goodwill)2,5872,5912,5962,6012,6062,6112,616
Goodwill2,5492,5492,5492,5492,5492,5492,549
Intangible assets, net (excluding goodwill)38434752576268
Total noncurrent assets:2,8842,8972,8722,6392,6402,6452,651
Other undisclosed assets23,24623,08722,86123,10322,70521,75621,427
TOTAL ASSETS:26,77126,72526,34426,32425,73124,78224,530
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31   39  
Taxes payable31   39  
Total current liabilities:31   39  
Noncurrent Liabilities
Other undisclosed liabilities21,78521,80521,49221,53320,86720,04019,752
Total liabilities:21,81621,80521,49221,53320,90620,04019,752
Stockholders' equity
Stockholders' equity attributable to parent4,9554,9204,8524,7914,8264,7424,778
Common stock1111111
Treasury stock, value(83)(82)(82)(80)(75)(73)(73)
Additional paid in capital3,3063,3713,4363,5363,7233,7903,921
Accumulated other comprehensive income (loss)79967337(6)(44)(22)
Retained earnings1,6521,5341,4241,2961,1831,068951
Total stockholders' equity:4,9554,9204,8524,7914,8264,7424,778
TOTAL LIABILITIES AND EQUITY:26,77126,72526,34426,32425,73124,78224,530

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues321341365336336330328
Net investment income179307314275273265261
Cost of revenue(3)(7)(8)(4)(12)(12)(18)
Provision for loan, lease, and other losses(3)(7)(8)    
Financial services costs(4)(12)(12)(18)
Gross profit:318334357332324318311
Operating expenses(9)(30)(31)(102)(135)(105)(101)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
(16)84    
Operating income:292311330230189213209
Nonoperating income6305130302828
Investment income, nonoperating3305130302828
Gains on sales of other real estate3  01  
Interest and debt expense(47)(55)(54)(50)(41)(32)(26)
Income from continuing operations before equity method investments, income taxes:251286328210178209211
Other undisclosed loss from continuing operations before income taxes(104)(134)(150)(54)(24)(52)(53)
Income from continuing operations before income taxes:147152178156154158158
Income tax expense(29)(42)(50)(43)(39)(41)(42)
Net income attributable to parent:118110128113115116116
Other undisclosed net loss available to common stockholders, basic(1)(1)(1)(1)(1)(1)(1)
Net income available to common stockholders, diluted:116109127111114115114

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:118110128113115116116
Comprehensive income:118110128113115116116
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(17)23364338(22)(10)
Comprehensive income, net of tax, attributable to parent:10113316415615395105

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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