SQUARE 1 FINANCIAL INC (SQBK) financial statements (2021 and earlier)

Company profile

Business Address 406 BLACKWELL STREET
DURHAM, NC 27701
State of Incorp. DE
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments88
Cash and cash equivalents87
Short-term investments1
Total current assets:88
Noncurrent Assets
Property, plant and equipment4
Intangible assets, net (including goodwill)2
Intangible assets, net (excluding goodwill)2
Total noncurrent assets:6
Other undisclosed assets3,001
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,792
Total liabilities:2,792
Stockholders' equity
Stockholders' equity attributable to parent, including:303
Additional paid in capital252
Accumulated other comprehensive income7
Retained earnings43
Other undisclosed stockholders' equity attributable to parent0
Total stockholders' equity:303

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

Net investment income105
Cost of revenue
(Financial Services Costs)
Gross profit:98
Operating expenses(60)
Other operating income, net
(Noninterest Income, Other Operating Income)
Operating income:41
Nonoperating income5
Investment income, nonoperating4
Bank owned life insurance income1
Interest and debt expense(1)
Income from continuing operations before equity method investments, income taxes:46
Income from equity method investments1
Other undisclosed income from continuing operations before income taxes3
Income from continuing operations before income taxes:50
Income tax expense(16)
Net income attributable to parent:34
Preferred stock dividends and other adjustments0
Other undisclosed net loss available to common stockholders, basic(0)
Net income available to common stockholders, basic:34
Dilutive securities, effect on basic earnings per share0
Other undisclosed net income available to common stockholders, diluted0
Net income available to common stockholders, diluted:34

Comprehensive Income ($ in millions)

Net income:34
Other comprehensive income12
Comprehensive income, net of tax, attributable to parent:46

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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