Banc of California, Inc. (BANC) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments373392388440156231110
Cash and cash equivalents373392388440156231110
Receivables      (1)
Disposal group, including discontinued operation     279 
Total current assets:373392388440156510109
Noncurrent Assets
Operating lease, right-of-use asset23
Property, plant and equipment1281291361441127966
Long-term investments and receivables29294926   
Long-term investments29294926   
Intangible assets, net (including goodwill)41434653585742
Goodwill37373739393230
Intangible assets, net (excluding goodwill)46914192512
Deferred income tax assets45
Amortization method qualified affordable housing project investments    4
Total noncurrent assets:266202231222174136109
Other undisclosed assets7,18910,0379,70910,3687,9055,3263,411
TOTAL ASSETS:7,82810,63010,32811,0308,2365,9723,628
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt6398401,270440780633 
Total current liabilities:6398401,270440780633 
Noncurrent Liabilities
Other undisclosed liabilities6,2828,8458,0469,6106,8034,8353,303
Total liabilities:6,9219,6859,31610,0507,5835,4683,303
Stockholders' equity
Stockholders' equity attributable to parent, including:9079461,012980652504325
Preferred stock190231269269   
Common stock      0
Treasury stock, value(29)(29)(29)(29)(29)(30)(28)
Additional paid in capital630626621614430423256
Accumulated other comprehensive income (loss)(12)(24)5(9)(3)0(1)
Retained earnings128141145135643017
Other undisclosed stockholders' equity attributable to parent11111918080
Total stockholders' equity:9079461,012980652504325
TOTAL LIABILITIES AND EQUITY:7,82810,63010,32811,0308,2365,9723,628

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues346347310525448326 
Net investment income343339289305246183 
Financial services revenue21219202143 
Cost of revenue(36)(30)(14)(5)(7)(11)(8)
Provision for loan, lease, and other losses(36)(30)
Financial services costs(14)(5)(7)(11)(8)
Gross profit:310316296520441315(8)
Operating expenses(65)(93)(234)(365)(295)(243)(115)
Other operating income, net
(Noninterest Income, Other Operating Income)
11071441 
Operating income (loss):2462346916914972(123)
Nonoperating income2229101
Investment income, nonoperating   6  1
Gains on sales of other real estate     00
Bank owned life insurance income2222100
Profit from real estate operations     0 
Interest and debt expense(143)(137)(85)(59)(43)(33)(23)
Income (loss) from continuing operations before equity method investments, income taxes:10599(14)11810840(145)
Loss from equity method investments (5)   (1)(1)
Other undisclosed income (loss) from continuing operations before income taxes(77)(47)4132(4)(13)153
Income from continuing operations before income taxes:284727149104267
Income tax expense (benefit)(4)(5)27(34)(42)5(7)
Income from continuing operations:24425311562300
Income from discontinued operations 34    
Net income attributable to parent:24455811562300
Preferred stock dividends and other adjustments(21)(22)(20)(20)(10)(4)(2)
Undistributed earnings (loss) allocated to participating securities, basic  (0)
Other undisclosed net loss available to common stockholders, basic(0)(1)(1)    
Net income (loss) available to common stockholders, basic:32336965227(2)
Other undisclosed net loss available to common stockholders, diluted   (3)(2)(1) 
Net income (loss) available to common stockholders, diluted:32336925026(2)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:24455811562300
Other comprehensive income (loss)    (3)1(2)
Comprehensive income (loss):2445581155931(2)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent12(30)14(6)   
Comprehensive income (loss), net of tax, attributable to parent:3616721095931(2)

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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