Cu Bancorp (CUNB) Financial Statements (2024 and earlier)

Company Profile

Business Address 15821 VENTURA BOULEVARD, SUITE 100
ENCINO, CA 91436
State of Incorp. CA
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2017
MRQ
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 209,070222,063132,586241,287182,896
Cash and cash equivalents 209,070222,063132,586241,287182,896
Total current assets: 209,070222,063132,586241,287182,896
Noncurrent Assets
Property, plant and equipment 4,1845,1395,3773,5313,422
Intangible assets, net (including goodwill) 70,90372,27473,49714,81714,039
Goodwill 64,60364,60363,95012,29212,292
Intangible assets, net (excluding goodwill) 6,3007,6719,5472,5251,747
Amortization method qualified affordable housing project investments 3,240 
Total noncurrent assets: 78,32777,41378,87418,34817,461
Other undisclosed assets 2,707,3632,335,1662,053,6571,148,1811,049,280
TOTAL ASSETS: 2,994,7602,634,6422,265,1171,407,8161,249,637
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 18,81614,3609,411  
Total current liabilities: 18,81614,3609,411  
Noncurrent Liabilities
Liabilities, other than long-term debt 578    
Qualified affordable housing project investments, commitment 578 
Total noncurrent liabilities: 578    
Other undisclosed liabilities 2,637,1812,313,4751,976,5141,269,8921,124,014
Total liabilities: 2,656,5752,327,8351,985,9251,269,8921,124,014
Equity
Equity, attributable to parent 338,185306,807279,192137,924125,623
Preferred stock 16,95516,99516,004  
Common stock 235,873230,688226,389121,675118,885
Additional paid in capital 25,21323,01719,7488,3777,052
Accumulated other comprehensive income (loss) (3,019)(816)190(205)1,394
Retained earnings (accumulated deficit) 63,16336,92316,8618,077(1,708)
Total equity: 338,185306,807279,192137,924125,623
TOTAL LIABILITIES AND EQUITY: 2,994,7602,634,6422,265,1171,407,8161,249,637

Income Statement (P&L) ($ in thousands)

6/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 107,68392,051109,15950,84637,496
Net investment income 101,25290,142107,985  
Financial services revenue 6,4311,9091,17450,84637,496
Cost of revenue (3,264)(10,872)(6,351)(7,046)(5,332)
Cost of goods and services sold  (5,792)(4,112)(4,194)(3,564)
Financial services costs (3,264)(5,080)(2,239)(2,852)(1,768)
Gross profit: 104,41981,179102,80843,80032,164
Operating expenses (53,267)(50,438)(30,829)(26,622)(22,398)
Operating income: 51,15230,74171,97917,1789,766
Nonoperating income (expense) (85) 661640112
Investment income, nonoperating     (155)
Gains (losses) on sales of other real estate (85)  23 
Bank owned life insurance income   661617267
Interest and debt expense (3,146)(2,723)(1,922)(2,079)(1,797)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (55,378)(946)(4,689)
Income from continuing operations before equity method investments, income taxes: 47,92128,01815,34014,7933,392
Other undisclosed income (loss) from continuing operations before income taxes (4,511)6,086   
Income from continuing operations before income taxes: 43,41034,10415,34014,7933,392
Income tax expense (15,953)(12,868)(6,432)(5,008)(1,665)
Income from continuing operations: 27,45721,2368,9089,7851,727
Income before gain (loss) on sale of properties: 27,45721,2368,9089,7851,727
Net income attributable to parent: 27,45721,2368,9089,7851,727
Preferred stock dividends and other adjustments (1,217)(1,174)124  
Other undisclosed net loss available to common stockholders, basic   (248)  
Net income available to common stockholders, diluted: 26,24020,0628,7849,7851,727

Comprehensive Income ($ in thousands)

6/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income: 27,45721,2368,9089,7851,727
Other comprehensive income     504
Comprehensive income: 27,45721,2368,9089,7852,231
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (2,203)(1,006)395(1,599) 
Comprehensive income, net of tax, attributable to parent: 25,25420,2309,3038,1862,231

Statements Sources

The financial statements are based on the Company's filings with 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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