Banc of California, Inc. (BANC) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments228221373392388440156
Cash and cash equivalents228221373392388440156
Total current assets:228221373392388440156
Noncurrent Assets
Operating lease, right-of-use asset352023
Property, plant and equipment 122128129136144112
Long-term investments and receivables262829294926 
Long-term investments262829294926 
Intangible assets, net (including goodwill)101404143465358
Goodwill94373737373939
Intangible assets, net (excluding goodwill)634691419
Deferred income tax assets514645
Amortization method qualified affordable housing project investments      4
Total noncurrent assets:213255266202231222174
Other undisclosed assets8,9537,4027,18910,0379,70910,3687,905
TOTAL ASSETS:9,3947,8777,82810,63010,32811,0308,236
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt701356398401,270440780
Total current liabilities:701356398401,270440780
Noncurrent Liabilities
Other undisclosed liabilities8,2586,8456,2828,8458,0469,6106,803
Total liabilities:8,3286,9806,9219,6859,31610,0507,583
Stockholders' equity
Stockholders' equity attributable to parent, including:1,0658979079461,012980652
Preferred stock95185190231269269 
Treasury stock, value(41)(41)(29)(29)(29)(29)(29)
Additional paid in capital855635630626621614430
Accumulated other comprehensive income (loss)88(12)(24)5(9)(3)
Retained earnings14811012814114513564
Other undisclosed stockholders' equity attributable to parent111111191
Total stockholders' equity:1,0658979079461,012980652
TOTAL LIABILITIES AND EQUITY:9,3947,8777,82810,63010,32811,0308,236

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues264264346347310525448
Net investment income264262343339289305246
Financial services revenue21219202
Cost of revenue(7)(30)(36)(30)(14)(5)(7)
Provision for loan, lease, and other losses(7)(30)(36)(30)
Financial services costs(14)(5)(7)
Gross profit:257234310316296520441
Operating expenses(65)(56)(65)(93)(234)(365)(295)
Other operating income, net
(Noninterest Income, Other Operating Income)
791107144
Operating income:20018724623469169149
Nonoperating income (expense)3(24)22291
Investment income, nonoperating     6 
Loss on contract termination (27)     
Bank owned life insurance income3222221
Interest and debt expense(38)(66)(143)(137)(85)(59)(43)
Income (loss) from continuing operations before equity method investments, income taxes:1659610599(14)118108
Loss from equity method investments   (5)   
Other undisclosed income (loss) from continuing operations before income taxes(83)(82)(77)(47)4132(4)
Income from continuing operations before income taxes:8314284727149104
Income tax expense (benefit)(20)(2)(4)(5)27(34)(42)
Income from continuing operations:621324425311562
Income from discontinued operations   34  
Net income attributable to parent:621324455811562
Preferred stock dividends and other adjustments(8)(14)(21)(22)(20)(20)(10)
Undistributed earnings (loss) allocated to participating securities, basic(0)   (0)
Other undisclosed net loss available to common stockholders, basic  (0)(1)(1)  
Net income (loss) available to common stockholders, basic:54(1)323369652
Other undisclosed net loss available to common stockholders, diluted     (3)(2)
Net income (loss) available to common stockholders, diluted:54(1)323369250

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:621324455811562
Other comprehensive loss      (3)
Comprehensive income:621324455811559
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)2012(30)14(6) 
Comprehensive income, net of tax, attributable to parent:623236167210959

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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