Banc of California Quarterly Income Statements Chart
Quarterly
|
Annual
Banc of California Quarterly Income Statements Table
Quarterly
|
Annual
| Unit: USD | 2024-12-31 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| interest income: | |||||||||||||||||||
| loans and leases | 385,465,000 | ||||||||||||||||||
| investment securities | 34,303,000 | ||||||||||||||||||
| deposits in financial institutions | 58,936,000 | ||||||||||||||||||
| total interest income | 478,704,000 | 6,588,500 | 8,823,000 | 8,582,000 | 6,510,500 | 9,176,000 | 8,581,000 | ||||||||||||
| interest expense: | |||||||||||||||||||
| deposits | 194,807,000 | 668,418,000 | 31,360,000 | 28,118,000 | 20,527,000 | 2,123,500 | 3,220,000 | 2,797,000 | |||||||||||
| borrowings | 38,124,000 | ||||||||||||||||||
| subordinated debt | 16,671,000 | ||||||||||||||||||
| total interest expense | 249,602,000 | 1,096,483,000 | 47,004,000 | 46,519,000 | 33,866,000 | 2,314,000 | 1,947,000 | 1,449,000 | 1,330,000 | 1,339,000 | 1,574,000 | 1,794,000 | 4,920,000 | 4,462,000 | 3,849,000 | ||||
| net interest income | 229,102,000 | 535,225,000 | 69,218,000 | 69,632,000 | 73,053,000 | 14,408,000 | 8,431,000 | 8,876,000 | 7,493,000 | 7,484,000 | 7,008,000 | 7,155,000 | 4,689,000 | 4,714,000 | 4,732,000 | ||||
| benefit from credit losses | 10,000,000 | ||||||||||||||||||
| net interest income after benefit from credit losses | 219,102,000 | ||||||||||||||||||
| noninterest income: | |||||||||||||||||||
| leased equipment income | 11,716,000 | ||||||||||||||||||
| other commissions and fees | 8,142,000 | ||||||||||||||||||
| service charges on deposit accounts | 4,705,000 | ||||||||||||||||||
| gain on sale of loans and leases | -448,000 | ||||||||||||||||||
| loss on sale of securities | |||||||||||||||||||
| dividends and gains on equity investments | 3,068,000 | ||||||||||||||||||
| warrant income | 178,000 | ||||||||||||||||||
| locom hfs adjustment | 330,000 | ||||||||||||||||||
| other income | 6,125,000 | 17,970,000 | 4,291,000 | 5,062,000 | 3,878,000 | 5,000 | 4,000 | 11,000 | |||||||||||
| total noninterest income | 33,816,000 | -512,946,000 | 50,778,000 | 6,024,000 | 7,859,000 | 19,512,000 | 639,000 | 503,000 | 499,000 | 2,012,000 | 1,635,000 | 767,000 | 539,000 | 552,000 | 567,000 | ||||
| noninterest expense: | |||||||||||||||||||
| compensation | 92,236,000 | ||||||||||||||||||
| insurance and assessments | 20,461,000 | ||||||||||||||||||
| customer related expense | 30,919,000 | ||||||||||||||||||
| occupancy | 17,968,000 | ||||||||||||||||||
| information technology and data processing | 15,418,000 | ||||||||||||||||||
| leased equipment depreciation | 7,520,000 | ||||||||||||||||||
| other professional services | 5,075,000 | ||||||||||||||||||
| loan expense | 4,491,000 | ||||||||||||||||||
| intangible asset amortization | 8,404,000 | ||||||||||||||||||
| acquisition, integration and reorganization costs | |||||||||||||||||||
| goodwill impairment | |||||||||||||||||||
| total noninterest expense | 210,518,000 | 2,301,646,000 | 56,164,000 | 49,132,000 | 51,239,000 | 24,456,000 | 9,943,000 | 8,218,000 | 11,213,000 | 7,661,000 | 5,999,000 | 6,816,000 | 3,236,000 | 3,295,000 | 3,470,000 | ||||
| earnings before income taxes | 42,400,000 | ||||||||||||||||||
| income tax benefit | 11,548,000 | ||||||||||||||||||
| net earnings | 30,852,000 | ||||||||||||||||||
| preferred stock dividends | 9,947,000 | 328,000 | 314,000 | 400,000 | |||||||||||||||
| net earnings available to common and equivalent stockholders | 20,905,000 | ||||||||||||||||||
| earnings per share: | |||||||||||||||||||
| basic | 0.12 | 0.215 | 0.33 | 0.26 | |||||||||||||||
| diluted | 0.12 | 0.21 | 0.32 | 0.25 | |||||||||||||||
| other comprehensive income, net of tax: | |||||||||||||||||||
| unrealized net holding gains on securities available-for-sale arising during the period | -18,208 | ||||||||||||||||||
| income tax benefit (expense) related to unrealized net holding gains arising during the period | 5,167 | ||||||||||||||||||
| unrealized net holding gains on securities available-for-sale, net of tax | -13,041 | ||||||||||||||||||
| reclassification adjustment for net incomees included in net earnings | |||||||||||||||||||
| income tax benefit related to reclassification adjustment | |||||||||||||||||||
| reclassification adjustment for net incomees included in net earnings, net of tax | |||||||||||||||||||
| amortization of unrealized net income on securities | |||||||||||||||||||
| transferred from available-for-sale to held-to-maturity | 8,110 | ||||||||||||||||||
| income tax expense related to amortization of unrealized net income on | |||||||||||||||||||
| securities transferred from available-for-sale to held-to-maturity | -2,302 | ||||||||||||||||||
| amortization of unrealized net income on securities transferred from | |||||||||||||||||||
| available-for-sale to held-to-maturity, net of tax | 5,808 | ||||||||||||||||||
| change in fair value of credit-linked notes | -1,251 | ||||||||||||||||||
| income tax benefit (expense) related to change in fair value of credit-linked notes | 355 | ||||||||||||||||||
| change in fair value of credit-linked notes, net of tax | -896 | ||||||||||||||||||
| unrealized gain on cash flow hedges arising during the period | 5,425 | ||||||||||||||||||
| income tax benefit related to unrealized gain on | |||||||||||||||||||
| cash flow hedges arising during the period | -1,618 | ||||||||||||||||||
| unrealized gain on cash flow hedges, net of tax | 3,807 | ||||||||||||||||||
| other comprehensive income, net of tax | -4,322 | ||||||||||||||||||
| comprehensive income | 26,530 | 888,000 | -507 | 857,250 | 1,209,000 | 1,201,000 | |||||||||||||
| interest and dividend income | |||||||||||||||||||
| loans, including fees | 68,980,000 | 95,613,000 | 92,889,000 | 87,418,000 | 15,928,000 | 9,604,000 | 9,528,000 | 8,061,000 | 7,757,000 | 7,513,000 | 7,666,000 | 9,306,000 | 8,807,000 | 8,305,000 | |||||
| securities | 11,762,000 | 16,335,000 | 15,804,000 | 14,909,000 | 708,000 | 694,000 | 737,000 | 700,000 | 1,017,000 | 1,002,000 | 1,244,000 | 156,000 | 157,000 | 157,000 | |||||
| other interest-earning assets | 4,081,000 | 4,274,000 | 7,458,000 | 4,592,000 | |||||||||||||||
| total interest and dividend income | 84,823,000 | 116,222,000 | 116,151,000 | 106,919,000 | 16,722,000 | 10,378,000 | 10,325,000 | 8,949,000 | |||||||||||
| interest expense | |||||||||||||||||||
| fhlb advances and frb borrowings | 8,031,000 | 7,773,000 | 14,703,000 | 9,648,000 | |||||||||||||||
| other interest-bearing liabilities | 3,815,000 | 7,871,000 | 3,698,000 | 3,691,000 | |||||||||||||||
| benefit from (reversal of) credit losses | 2,225,000 | 5,000,000 | 1,900,000 | 2,000,000 | |||||||||||||||
| net interest income after benefit from (reversal of) credit losses | 50,750,750 | 64,218,000 | 67,732,000 | 71,053,000 | |||||||||||||||
| noninterest income | |||||||||||||||||||
| customer service fees | 1,528,750 | 2,114,000 | 2,022,000 | 1,979,000 | 543,000 | 378,000 | 361,000 | 366,000 | 396,000 | 373,000 | 338,000 | 334,000 | 311,000 | 322,000 | |||||
| loan servicing income | 421,000 | 563,000 | 574,000 | 547,000 | 146,000 | ||||||||||||||
| income from bank owned life insurance | 704,250 | 966,000 | 951,000 | 900,000 | 69,000 | 60,000 | 69,000 | 79,000 | 77,000 | 80,000 | 64,000 | 167,000 | 192,000 | 187,000 | |||||
| change in fair value of derivative instruments | 11,543,000 | 46,186,000 | |||||||||||||||||
| net gain on sale of securities available-for-sale | |||||||||||||||||||
| all other income | 1,968,250 | 949,000 | 2,477,000 | 4,433,000 | |||||||||||||||
| noninterest expense | |||||||||||||||||||
| salaries and employee benefits | 20,939,250 | 25,819,000 | 28,282,000 | 29,656,000 | 13,613,000 | 5,177,000 | 4,867,000 | 4,426,000 | 3,251,000 | 2,856,000 | 3,381,000 | 1,677,000 | 1,816,000 | 1,871,000 | |||||
| occupancy and equipment | 4,233,250 | 5,804,000 | 5,603,000 | 5,526,000 | 2,473,000 | 1,321,000 | 999,000 | 922,000 | 730,000 | 532,000 | 664,000 | 524,000 | 496,000 | 494,000 | |||||
| professional fees | 2,922,250 | 3,616,000 | 4,001,000 | 4,072,000 | 3,788,000 | 987,000 | 543,000 | 705,000 | 667,000 | 414,000 | 335,000 | 82,000 | 85,000 | 177,000 | |||||
| data processing | 39,346,000 | 1,657,000 | 1,686,000 | 1,563,000 | 1,037,000 | 502,000 | 407,000 | 373,000 | 356,000 | 323,000 | 293,000 | 222,000 | 220,000 | 212,000 | |||||
| regulatory assessments | 978,250 | 1,410,000 | 1,301,000 | 1,202,000 | |||||||||||||||
| software and technology | 2,666,000 | 3,811,000 | 3,579,000 | 3,274,000 | |||||||||||||||
| (gain) loss on investments in alternative energy partnerships | 387,000 | -34,000 | -36,000 | ||||||||||||||||
| reversal of loan repurchase reserves | -204,750 | -808,000 | -11,000 | ||||||||||||||||
| amortization of other intangibles | 346,000 | 461,000 | 462,000 | 461,000 | |||||||||||||||
| acquisition, integration and transaction costs | 2,332,250 | 9,329,000 | |||||||||||||||||
| income before income taxes | 27,782,250 | 58,832,000 | 24,624,000 | 27,673,000 | 8,433,000 | 470,000 | 1,077,750 | 1,012,000 | 2,193,000 | 1,106,000 | 1,950,000 | 2,015,000 | 1,657,000 | ||||||
| income tax expense | 7,599,500 | 16,258,000 | 6,745,000 | 7,395,000 | 93,000 | 356,250 | 368,000 | 413,000 | 717,000 | 661,000 | 586,000 | ||||||||
| net income | 20,182,750 | 42,574,000 | 17,879,000 | 20,278,000 | 9,543,000 | 377,000 | 721,500 | 644,000 | 693,000 | 1,233,000 | 1,354,000 | 1,071,000 | |||||||
| yoy | 111.49% | 4642.44% | 2710.53% | 1381.83% | -45.60% | -43.80% | |||||||||||||
| qoq | -52.59% | 138.12% | -11.83% | 112.49% | -47.75% | 12.03% | -8.94% | 26.42% | |||||||||||
| net income margin % | |||||||||||||||||||
| impact of preferred stock redemption | |||||||||||||||||||
| net income available to common stockholders | 20,182,750 | 42,574,000 | 17,879,000 | 20,278,000 | |||||||||||||||
| earnings per common share: | |||||||||||||||||||
| basic | 347.5 | 740 | 310 | 340 | |||||||||||||||
| diluted | 347.5 | 740 | 310 | 340 | |||||||||||||||
| earnings per class b common share: | |||||||||||||||||||
| basic | 347.5 | 740 | 310 | 340 | |||||||||||||||
| diluted | 347.5 | 740 | 310 | 340 | |||||||||||||||
| loss on investments in alternative energy partnerships | 1,618,000 | ||||||||||||||||||
| dividends and other interest-earning assets | 86,000 | 80,000 | 60,000 | 62,000 | 49,000 | 67,000 | 39,000 | 147,000 | 212,000 | 119,000 | |||||||||
| federal funds sold | |||||||||||||||||||
| savings | 211,000 | 11,000 | 11,000 | 36,000 | 95,000 | 97,000 | 90,000 | ||||||||||||
| now | 102,000 | 40,000 | 112,000 | 31,000 | 18,000 | 16,000 | 16,000 | ||||||||||||
| money market | 166,000 | 162,000 | 137,000 | 117,000 | 62,000 | 61,000 | 66,000 | ||||||||||||
| certificates of deposit | 1,099,000 | 1,145,000 | 1,089,000 | 1,058,000 | 1,072,000 | 1,049,000 | 1,105,000 | ||||||||||||
| federal home loan bank advances | 74,000 | 92,000 | 100,000 | 88,000 | 92,000 | 351,000 | 517,000 | 1,282,000 | 1,242,000 | 1,052,000 | |||||||||
| capital leases | 2,000 | 2,000 | |||||||||||||||||
| notes payable | 660,000 | 495,000 | |||||||||||||||||
| benefit from loan and lease losses on originated loans | 894,000 | ||||||||||||||||||
| benefit from loan and lease losses on purchased loans | 137,000 | ||||||||||||||||||
| net interest income after benefit from loan and lease losses | 13,377,000 | ||||||||||||||||||
| mortgage loan prepayment penalties | 46,000 | 16,000 | 54,000 | 26,000 | 15,000 | 45,000 | 47,000 | ||||||||||||
| net gain/(loss) on sales of securities available for sale | -12,000 | -32,000 | -39,000 | ||||||||||||||||
| net gain on sale of loans | 59,000 | ||||||||||||||||||
| net gain on mortgage banking activities | 5,546,000 | ||||||||||||||||||
| bargain purchase gain | 12,055,000 | ||||||||||||||||||
| other | 1,060,000 | 88,000 | 96,000 | 53,000 | 35,000 | 38,000 | 46,000 | ||||||||||||
| advertising | 395,000 | 214,000 | 239,000 | 295,000 | 71,000 | 51,000 | 60,000 | 110,000 | 102,000 | 101,000 | |||||||||
| stationery paper, supplies, and postage | 286,000 | 183,000 | 113,000 | 115,000 | |||||||||||||||
| atm costs | 93,000 | 91,000 | 93,000 | 72,000 | 81,000 | 78,000 | 64,000 | 121,000 | 127,000 | 128,000 | |||||||||
| fdic assessments | 291,000 | ||||||||||||||||||
| benefit from loss reimbursements on sold loans | 172,000 | ||||||||||||||||||
| loan servicing and foreclosure expense | 83,000 | 367,000 | |||||||||||||||||
| operating income on equity investment | 76,000 | 77,000 | 76,000 | 78,000 | 79,000 | 78,000 | 78,000 | ||||||||||||
| oreo valuation allowance | 36,000 | 155,000 | 14,000 | ||||||||||||||||
| net (gain)/loss on sales of other real estate owned | 42,000 | -192,000 | -316,000 | ||||||||||||||||
| amortization of intangible assets | 329,000 | ||||||||||||||||||
| other general and administrative | 1,742,000 | 699,000 | 527,000 | 672,000 | 338,000 | 439,000 | 330,000 | 296,000 | 245,000 | 282,000 | |||||||||
| income tax expense/ | -1,110,000 | -413,000 | 644,000 | ||||||||||||||||
| net income available to common shareholders | 9,215,000 | 687,000 | 506,000 | 1,549,000 | 693,000 | ||||||||||||||
| basic earnings per common share | 790 | 67.5 | 40 | ||||||||||||||||
| diluted earnings per common share | 790 | 67.5 | 40 | ||||||||||||||||
| other comprehensive income/(loss), before tax: | |||||||||||||||||||
| change in net unrealized gains/(losses) on securities: | |||||||||||||||||||
| net unrealized holding gains arising during the period | 817,000 | 509,000 | 829,000 | ||||||||||||||||
| less: reclassification adjustment for (gains)/losses included in net income | 12,000 | 32,000 | 39,000 | ||||||||||||||||
| net unrealized gains/(losses), net of reclassification adjustments | 829,000 | ||||||||||||||||||
| total other comprehensive income/(loss), net of tax | 488,000 | 318,000 | |||||||||||||||||
| comprehensive income/ | 10,031,000 | -421,000 | -57,500 | -760,000 | |||||||||||||||
| benefit from loan losses | 279,000 | 691,000 | 4,114,000 | 823,000 | 451,000 | 208 | 172,000 | ||||||||||||
| net interest income after benefit from loan losses | 8,152,000 | 8,185,000 | 3,379,000 | 6,661,000 | 6,557,000 | 7,155,000 | 4,647,000 | 4,758,000 | 4,560,000 | ||||||||||
| net gain/(loss) on sales of loans | 145,000 | ||||||||||||||||||
| fdic expense | 362,000 | 318,000 | 208,000 | 222,000 | 392,000 | 383,000 | |||||||||||||
| income/(loss) before income taxes | -1,152,000 | ||||||||||||||||||
| net income/ | -739,000 | 1,549,000 | |||||||||||||||||
| net income/(loss) available to common shareholders | -1,053,000 | -23,000 | |||||||||||||||||
| basic earnings/(loss) per common share | -90 | 0 | |||||||||||||||||
| diluted earnings/(loss) per common share | -90 | 0 | |||||||||||||||||
| change in net unrealized gains on securities: | |||||||||||||||||||
| net unrealized gains, net of reclassification adjustments | 541,000 | 868,000 | |||||||||||||||||
| income tax expense/(benefit) related to items of other comprehensive income | 223,000 | ||||||||||||||||||
| loan servicing and foreclosure income | 338,000 | ||||||||||||||||||
| other comprehensive income, before tax: | |||||||||||||||||||
| income tax expense related to items of other comprehensive income | 357,000 | ||||||||||||||||||
| total other comprehensive income, net of tax | 511,000 | ||||||||||||||||||
| net gain on sales of securities available-for-sale | 721,750 | 1,450,000 | 1,118,000 | 319,000 | |||||||||||||||
| stationery, supplies, and postage | 84,000 | 105,000 | 116,000 | ||||||||||||||||
| loan servicing and foreclosure | 499,000 | 327,000 | -76,000 | ||||||||||||||||
| valuation allowance for oreo | 2,956,000 | 1,329,000 | 137,000 | 421,000 | |||||||||||||||
| loss/(gain) on sale of other real estate owned | 231,000 | 105,000 | |||||||||||||||||
| preferred stock dividends and discount accretion | 396,000 | 138,000 | |||||||||||||||||
| weighted-average common shares outstanding-basic | 11,542,752,000 | 9,753,153 | |||||||||||||||||
| weighted-average common shares outstanding-diluted | 11,544,142,000 | 9,785,203 | |||||||||||||||||
| loan servicing & foreclosure | 532,000 | ||||||||||||||||||
| loss on sale of other real estate owned | 51,000 | 768,000 | |||||||||||||||||
| basic earnings/(loss) per share | 0.16 | ||||||||||||||||||
| diluted earnings/(loss) per share | 0.16 | ||||||||||||||||||
| basic earnings per share | 0.07 | ||||||||||||||||||
| diluted earnings per share | 0.07 | ||||||||||||||||||
| provision/(reduction) for loan losses | 52,000 | -44,000 | |||||||||||||||||
| net gain on sale of securities available for sale | |||||||||||||||||||
| stationary, supplies, and postage | 115,000 | 105,000 | 106,000 | ||||||||||||||||
| loss on investment - housing fund | 74,250 | 99,000 | |||||||||||||||||
| earnings per share | |||||||||||||||||||
| basic | 0.12 | 0.215 | 0.33 | 0.26 | |||||||||||||||
| diluted | 0.12 | 0.21 | 0.32 | 0.25 | |||||||||||||||
| cash flows from operating activities | |||||||||||||||||||
| adjustments to reconcile net income to net cash from operating activities | |||||||||||||||||||
| net amortization on securities | -15 | ||||||||||||||||||
| depreciation and amortization | 378 | ||||||||||||||||||
| federal home loan bank stock dividends | |||||||||||||||||||
| bank owned life insurance income | -508 | ||||||||||||||||||
| employee stock ownership plan compensation expense | 826 | ||||||||||||||||||
| stock award compensation expense | 542 | ||||||||||||||||||
| net change in: | |||||||||||||||||||
| deferred loan fees | -550 | ||||||||||||||||||
| accrued interest receivable | -459 | ||||||||||||||||||
| other assets | -209 | ||||||||||||||||||
| accrued interest payable and other liabilities | -273 | ||||||||||||||||||
| net cash from operating activities | 3,514 | ||||||||||||||||||
| cash flows from investing activities | |||||||||||||||||||
| loan originations and principal collections | -18,030 | ||||||||||||||||||
| purchase of loans | -22,057 | ||||||||||||||||||
| increase in other interest bearing deposits | 989 | ||||||||||||||||||
| purchase of federal home loan bank stock | -858 | ||||||||||||||||||
| redemption of federal home loan bank stock | 216 | ||||||||||||||||||
| purchase of securities available-for-sale | -4,316 | ||||||||||||||||||
| proceeds from maturities and principal repayments of securities available-for-sale | 3 | ||||||||||||||||||
| sales of securities available-for-sale | |||||||||||||||||||
| purchase of bank owned life insurance investment | -15,000 | ||||||||||||||||||
| additions to premises and equipment | -383 | ||||||||||||||||||
| net cash from investing activities | -59,436 | ||||||||||||||||||
| cash flows from financing activities | |||||||||||||||||||
| net increase in deposits | 40,057 | ||||||||||||||||||
| net change in federal home loan bank open line | 34,500 | ||||||||||||||||||
| repayments of federal home loan bank advances | -11,000 | ||||||||||||||||||
| proceeds from fhlb advances | |||||||||||||||||||
| purchase of treasury stock | -5,880 | ||||||||||||||||||
| exercise of stock options | 41 | ||||||||||||||||||
| dividends paid on common stock | -1,652 | ||||||||||||||||||
| net cash from financing activities | 56,066 | ||||||||||||||||||
| net change in cash and cash equivalents | 144 | ||||||||||||||||||
| cash and cash equivalents at beginning of period | 12,315 | ||||||||||||||||||
| cash and cash equivalents at end of period | 12,459 | ||||||||||||||||||
| loss on investment- housing fund | 99,000 | ||||||||||||||||||
| boli income |
We provide you with 20 years income statements for Banc of California stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Banc of California stock. Explore the full financial landscape of Banc of California stock with our expertly curated income statements.
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