Sun Bancorp Inc (SNBC) financial statements (2020 and earlier)

Company profile

Business Address 350 FELLOWSHIP ROAD
MOUNT LAUREL, NJ 08054
State of Incorp. NJ
Fiscal Year End December 31
SIC 6029 - Commercial Banks, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments134204548268170
Cash and cash equivalents134204548268170
Disposal group, including discontinued operation  4  
Total current assets:134204553268170
Noncurrent Assets
Property, plant and equipment3032404951
Intangible assets, net (including goodwill)3838383941
Goodwill3838383838
Intangible assets, net (excluding goodwill)   13
Total noncurrent assets:6870788892
Other undisclosed assets2,0601,9362,0842,7322,962
TOTAL ASSETS:2,2622,2112,7153,0883,224
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt234  
Total current liabilities:234  
Noncurrent Liabilities
Liabilities, other than long-term debt  2 2
Deferred tax liabilities, net  2 2
Total noncurrent liabilities:  2 2
Other undisclosed liabilities1,9411,9512,4652,8422,960
Total liabilities:1,9431,9542,4702,8422,961
Stockholders' equity
Stockholders' equity attributable to parent, including:320256245245263
Common stock9595958988
Treasury stock, value(4)(8)(15)(25)(26)
Additional paid in capital509511514507507
Accumulated other comprehensive income (loss)(3)(2)(0)(7)2
Accumulated deficit(277)(338)(348)(318)(308)
Other undisclosed stockholders' equity attributable to parent(1)(1)(1)(1)(0)
Total stockholders' equity:320256245245263
TOTAL LIABILITIES AND EQUITY:2,2622,2112,7153,0883,224

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues7198  
Net investment income7189  
Cost of revenue
(Financial Services Costs)
  (15)(1) 
Gross profit:7183(1) 
Operating expenses  (78)(64)(69)
Other operating income, net
(Noninterest Income, Other Operating Income)
  456
Operating income (loss):7110(61)(63)
Nonoperating income  112
Losses on sales of other real estate  (1)(1) 
Bank owned life insurance income  222
Interest and debt expense(11)(10)(12)(15)(18)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1320(27)6628
Income (loss) from continuing operations before income taxes:911(28)(10)(51)
Income tax expense (benefit)52(1)(1)(0)0
Net income (loss) available to common stockholders, diluted:6110(30)(10)(50)

Comprehensive Income ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):6110(30)(10)(50)
Other comprehensive income (loss)(1)(2)7(9)2
Comprehensive income (loss), net of tax, attributable to parent:619(23)(19)(49)

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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