Banc of California, Inc. (BANC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments221373392388440156231
Cash and cash equivalents221373392388440156231
Disposal group, including discontinued operation      279
Total current assets:221373392388440156510
Noncurrent Assets
Operating lease, right-of-use asset2023
Property, plant and equipment12212812913614411279
Long-term investments and receivables2829294926  
Long-term investments2829294926  
Intangible assets, net (including goodwill)40414346535857
Goodwill37373737393932
Intangible assets, net (excluding goodwill)3469141925
Deferred income tax assets4645
Amortization method qualified affordable housing project investments     4
Total noncurrent assets:255266202231222174136
Other undisclosed assets7,4027,18910,0379,70910,3687,9055,326
TOTAL ASSETS:7,8777,82810,63010,32811,0308,2365,972
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1356398401,270440780633
Total current liabilities:1356398401,270440780633
Noncurrent Liabilities
Other undisclosed liabilities6,8456,2828,8458,0469,6106,8034,835
Total liabilities:6,9806,9219,6859,31610,0507,5835,468
Stockholders' equity
Stockholders' equity attributable to parent, including:8979079461,012980652504
Preferred stock185190231269269  
Treasury stock, value(41)(29)(29)(29)(29)(29)(30)
Additional paid in capital635630626621614430423
Accumulated other comprehensive income (loss)8(12)(24)5(9)(3)0
Retained earnings1101281411451356430
Other undisclosed stockholders' equity attributable to parent1111119180
Total stockholders' equity:8979079461,012980652504
TOTAL LIABILITIES AND EQUITY:7,8777,82810,63010,32811,0308,2365,972

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues264346347310525448326
Net investment income262343339289305246183
Financial services revenue21219202143
Cost of revenue(30)(36)(30)(14)(5)(7)(11)
Provision for loan, lease, and other losses(30)(36)(30)
Financial services costs(14)(5)(7)(11)
Gross profit:234310316296520441315
Operating expenses(56)(65)(93)(234)(365)(295)(243)
Other operating income, net
(Noninterest Income, Other Operating Income)
911071441
Operating income:1872462346916914972
Nonoperating income (expense)(24)222910
Investment income, nonoperating    6  
Loss on contract termination(27)      
Gains on sales of other real estate      0
Bank owned life insurance income2222210
Profit from real estate operations      0
Interest and debt expense(66)(143)(137)(85)(59)(43)(33)
Income (loss) from continuing operations before equity method investments, income taxes:9610599(14)11810840
Loss from equity method investments  (5)   (1)
Other undisclosed income (loss) from continuing operations before income taxes(82)(77)(47)4132(4)(13)
Income from continuing operations before income taxes:1428472714910426
Income tax expense (benefit)(2)(4)(5)27(34)(42)5
Income from continuing operations:132442531156230
Income from discontinued operations  34   
Net income attributable to parent:132445581156230
Preferred stock dividends and other adjustments(14)(21)(22)(20)(20)(10)(4)
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:(1)32336965227
Other undisclosed net loss available to common stockholders, diluted    (3)(2)(1)
Net income (loss) available to common stockholders, diluted:(1)32336925026

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:132445581156230
Other comprehensive income (loss)     (3)1
Comprehensive income:132445581155931
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2012(30)14(6)  
Comprehensive income, net of tax, attributable to parent:323616721095931

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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