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
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 investments641386398420396313147
Cash and cash equivalents638386398420396313147
Short-term investments3      
Assets held-for-sale, not part of disposal group  481  
Total current assets:641386880420396313147
Noncurrent Assets
Finance lease, right-of-use asset129
Operating lease, right-of-use asset129
Property, plant and equipment39353239393732
Long-term investments and receivables  11225 
Long-term investments  11225 
Intangible assets, net (including goodwill)2,5872,6062,6282,2102,2301,738226
Goodwill2,5492,5492,5492,1742,1761,720209
Intangible assets, net (excluding goodwill)38578036531717
Total noncurrent assets:2,8842,6402,6612,2502,2711,799258
Other undisclosed assets23,24622,70521,45419,20018,62114,1226,128
TOTAL ASSETS:26,77125,73124,99521,87021,28816,2356,533
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3139     
Taxes payable3139     
Total current liabilities:3139     
Noncurrent Liabilities
Other undisclosed liabilities21,78520,86720,01717,39116,89112,7285,724
Total liabilities:21,81620,90620,01717,39116,89112,7285,724
Stockholders' equity
Stockholders' equity attributable to parent4,9554,8264,9784,4794,3983,506809
Common stock1111110
Treasury stock, value(83)(75)(66)(56)(51)(43)(20)
Additional paid in capital3,3063,7234,2874,1624,4063,8071,287
Accumulated other comprehensive income (loss)79(6)3162826(3)
Retained earnings (accumulated deficit)1,6521,18372336614(286)(454)
Total stockholders' equity:4,9554,8264,9784,4794,3983,506809
TOTAL LIABILITIES AND EQUITY:26,77125,73124,99521,87021,28816,2356,533

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
Revenues1,3621,3101,0501,02188717 
Revenue, net3838342417 
Net investment income1,1041,050954925820  
Cost of revenue(22)(45)(58)(66)(45)  
Provision for loan, lease, and other losses(22) 
Financial services costs(45)(58)(66)(45)  
Gross profit:1,3401,26599295684117 
Operating expenses(123)(449)(424)(388)(337)(303)(345)
Other operating income, net  2815313182
Noninterest income, other operating income  281531222
Other expenses     296 
Operating income (loss):1,21781659658353632(338)
Nonoperating income11911299100715643
Investment income, nonoperating11611298100685237
Interest and debt expense(205)(121)(73)(55)(61)(42)(12)
Other undisclosed income from continuing operations before equity method investments, income taxes     124382
Income from continuing operations before equity method investments, income taxes:1,13180862262954617075
Other undisclosed income (loss) from continuing operations before income taxes(498)(175)(67)(71)(66)114 
Income from continuing operations before income taxes:63363355555848028475
Income tax expense(164)(168)(197)(206)(181)(114)(30)
Income from continuing operations:46946535835230017045
Income from discontinued operations     10
Income before gain (loss) on sale of properties:46946535835230017246
Other undisclosed net loss     (3) 
Net income:46946535835230016946
Other undisclosed net loss attributable to parent      (1)
Net income attributable to parent:46946535835230016945
Other undisclosed net loss available to common stockholders, basic(5)(5) (4)(3)(2)(1)
Net income available to common stockholders, diluted:46346035834829716744

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:46946535835230016946
Comprehensive income:46946535835230016946
Other undisclosed comprehensive income (loss), net of tax, attributable to parent85(43)25(22)130(37)
Comprehensive income, net of tax, attributable to parent:5534223833303011999

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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