PacWest Bancorp (PACW) financial statements (2022 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)

12/31/2021
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 investments3,9733,016641386398420396
Cash and cash equivalents3,9453,010638386398420396
Short-term investments2963    
Assets held-for-sale, not part of disposal group    481  
Total current assets:3,9733,016641386880420396
Noncurrent Assets
Finance lease, right-of-use asset 120129
Operating lease, right-of-use asset123120129
Property, plant and equipment47393935323939
Long-term investments and receivables    112
Long-term investments    112
Intangible assets, net (including goodwill)1,4511,1022,5872,6062,6282,2102,230
Goodwill1,4061,0792,5492,5492,5492,1742,176
Intangible assets, net (excluding goodwill)45243857803653
Total noncurrent assets:1,6211,3812,8842,6402,6612,2502,271
Other undisclosed assets34,84925,10123,24622,70521,45419,20018,621
TOTAL ASSETS:40,44329,49826,77125,73124,99521,87021,288
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities36593139   
Taxes payable36593139   
Total current liabilities:36593139   
Noncurrent Liabilities
Other undisclosed liabilities36,40725,84421,78520,86720,01717,39116,891
Total liabilities:36,44425,90321,81620,90620,01717,39116,891
Stockholders' equity
Stockholders' equity attributable to parent4,0003,5954,9554,8264,9784,4794,398
Common stock1111111
Treasury stock, value(97)(89)(83)(75)(66)(56)(51)
Additional paid in capital3,0133,1013,3063,7234,2874,1624,406
Accumulated other comprehensive income (loss)6617379(6)31628
Retained earnings1,0164091,6521,18372336614
Total stockholders' equity:4,0003,5954,9554,8264,9784,4794,398
TOTAL LIABILITIES AND EQUITY:40,44329,49826,77125,73124,99521,87021,288

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
Revenues1,3531,2501,3621,3101,0501,021887
Net investment income1,0059971,1041,050954925820
Cost of revenue(162)(339)(22)(45)(58)(66)(45)
Provision for loan, lease, and other losses(162)(339)(22) 
Financial services costs(45)(58)(66)(45)
Gross profit:1,1919111,3401,265992956841
Operating expenses(132)(1,590)(123)(449)(424)(388)(337)
Other operating income, net
(Noninterest Income, Other Operating Income)
    281531
Operating income (loss):1,058(680)1,217816596583536
Nonoperating income 1071191129910071
Investment income, nonoperating 1071161129810068
Interest and debt expense(55)(89)(205)(121)(73)(55)(61)
Income (loss) from continuing operations before equity method investments, income taxes:1,003(662)1,131808622629546
Other undisclosed loss from continuing operations before income taxes(181)(501)(498)(175)(67)(71)(66)
Income (loss) from continuing operations before income taxes:822(1,162)633633555558480
Income tax expense(215)(75)(164)(168)(197)(206)(181)
Net income (loss) attributable to parent:607(1,238)469465358352300
Undistributed earnings (loss) allocated to participating securities, basic(10)(2)   
Other undisclosed net loss available to common stockholders, basic  (5)(5) (4)(3)
Net income (loss) available to common stockholders, diluted:597(1,239)463460358348297

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 (loss):607(1,238)469465358352300
Comprehensive income (loss):607(1,238)469465358352300
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(107)9485(43)25(22)1
Comprehensive income (loss), net of tax, attributable to parent:500(1,144)553422383330301

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: