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BANC OF CA INC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2022202120202019201820172016201520142013
Period End Date12/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/2013
Loans, including fees327.55260.69257.30333.93329.27281.07297.00241.56180.76116.67
Dividends and other interest-earning assets--------------4.522.221.21
Securities38.5327.5929.0448.1383.5799.7479.5320.265.162.63
Other interest-earning assets6.703.384.279.049.968.388.45------
Total Interest Income372.77291.66290.61391.11422.80389.19384.97266.34188.14120.51
Certificates of deposit--------------------
Deposits27.8312.3137.82101.1091.2460.4140.2225.7824.4116.05
Savings--------------------
Money market--------------------
NOW--------------------
Checking--------------------
Notes Payable15.4213.5510.159.509.4610.7612.7414.727.926.96
Federal Home Loan Bank Advances15.1512.0218.0432.2935.0012.955.722.120.530.27
Capital leases--------------------
Securities sold under repurchase agreements--0.000.000.061.030.880.82------
Total interest expense58.4137.8866.01142.95136.7285.0059.5042.6232.8623.28
Net Interest Income314.37253.78224.59248.16286.08304.19325.47223.72155.2897.23
Provision for loan losses(31.54)6.8529.7236.3930.2213.705.277.4710.987.96
Net interest income after provision for loan losses345.91246.92194.88211.78255.86290.49320.20216.25144.3089.27
Loan servicing fees1.520.600.510.683.721.035.392.974.202.05
Advisory service fees------------1.519.8712.90--
Customer service fees9.547.695.775.986.326.495.154.061.491.94
Net gain on sales of securities available-for-sale(7.69)--2.01(4.85)5.5314.7729.413.261.180.33
Impairment loss on investment securities------(0.73)(3.25)----------
Net gain/(loss) on sales of loans--0.280.257.871.9311.9435.9037.2119.838.70
Mortgage loan prepayment penalties--------------------
Net gain on mortgage banking activities--------(2.26)--167.02144.6995.4367.89
Other non-interest (loss) income--------------3.871.253.55
Income from bank owned life insurance3.402.872.492.292.182.342.341.080.220.18
Other income10.587.309.000.879.757.0414.33------
Gain on sale of branches--------------0.160.4612.10
Gain on sale of subsidiary------------3.69------
Gain on sale of building--------------9.92----
Bargain purchase gain------------------0.00
Loan brokerage income----------1.064.523.148.67--
Gain on sale of business unit------------2.63------
Fair value adjustment on loans held for sale--0.21(1.50)--------------
Total Non Interest Income17.3518.9318.5212.1223.9244.67271.88220.22145.6496.74
Salaries and employee benefits113.06103.3696.81105.92109.97129.15257.92213.11162.88110.69
Other general and administrative--------------------
Advertising--0.493.308.4212.665.3110.746.165.024.36
Occupancy and equipment32.8129.4529.3531.3131.8540.0949.0241.4133.4419.66
FDIC expense--------------------
Amortization of intangible assets1.711.281.522.203.013.934.855.844.082.65
Loss on sale of other real estate owned--------------(0.02)(0.07)(0.46)
Restructuring expense--0.000.004.264.435.33--------
Merger-related costs2.0815.87----------------
Valuation allowance for other real estate owned--------------0.040.030.10
Impairment on intangible assets------0.000.000.340.690.260.051.06
Professional fees15.0010.5815.7412.2133.6542.4231.2920.1919.2513.86
Other expense17.7313.1017.3014.7415.3630.8927.9428.0725.5115.65
Data processing7.056.866.576.426.957.8910.838.185.234.71
Outside service fees------1.704.675.8413.05------
Regulatory assessments3.633.402.747.717.688.118.195.644.182.54
Stationery paper, supplies, and postage--------------------
ATM costs--------------------
Operating loss on equity investment----------------0.690.57
Impairment loss on equity investment--------------------
Loan servicing & foreclosure--------------1.011.070.91
Provision for loss reimbursements on sold loans--------(2.49)(1.81)(3.35)2.332.812.38
Loss on investments in alternative energy partnerships, net2.31(0.20)(0.37)1.695.0430.7931.51------
Reversal of provision for loan repurchases(1.00)(0.95)(0.70)(0.66)------------
Naming rights termination----26.77--------------
Total Non-Interest expense194.37183.23199.03195.91232.79308.27442.68332.20264.16178.67
Income/(loss) before income taxes168.8882.6214.3627.9846.9926.89149.41104.27----
Current Tax Provision:Federal13.297.97----5.72(2.22)12.2527.5610.34(0.33)
Current Tax Provision:State15.586.47----5.046.0116.137.362.350.02
Deferred tax (benefit) expense:Federal17.994.95----(4.42)(25.94)6.704.75(0.31)2.65
Deferred tax (benefit) expense:State1.090.89----(1.49)(4.43)(1.09)2.530.760.86
Change in tax status:State----------------(17.68)4.07
Income tax expense/(benefit)47.9520.281.794.224.84(26.58)33.9942.19(4.54)7.26
Income from Continuing Operations----12.5723.7642.1553.47--------
Income tax expense----0.000.00(1.27)(2.93)--------
Income from discontinued operations before income taxes, excluding gain on disposal--------4.607.16--------
Consolidated Net Income (Loss)120.9462.3512.5723.7645.4757.71115.4262.0730.320.08
Dividends and Discount Accretion on Preferred Stock1.428.3213.8715.5619.5020.4519.919.823.642.19
Less net income of Bank prior to conversion--------------------
Less: Income allocated to participating securities--0.11--0.00------------
Less: participating securities dividends----0.380.48------------
Impact of preferred stock redemption3.753.35(0.57)5.092.31----------
Net income (loss) available to common shareholders115.7750.56(1.10)2.6223.6637.2695.5052.2526.68(2.11)
Basic earnings per-Income from continuing operations----(0.02)0.050.380.64--------
Basic earnings perIncome from discontinued operations--------0.070.08--------
Net Earnings Per Share (Basic)1.900.95(0.02)0.050.450.721.971.360.91(0.14)
Basic earnings (loss) per class B common share1.900.95(0.02)0.050.450.721.971.360.91(0.14)
Diluted earnings -Income from continuing operations----(0.02)0.050.380.63--------
Diluted earnings -Income from discontinued operations--------0.070.08--------
Net Earnings Per Share (Diluted)1.890.95(0.02)0.050.450.711.941.340.91(0.14)
Diluted earnings (loss) per class B common share1.900.95(0.02)0.050.450.721.971.360.91(0.14)
Weighted Average Shares Outstanding (Basic)60.8052.5749.7050.1350.6250.2546.8337.0528.0415.29
Weighted Average Shares Outstanding (Diluted)61.1852.8349.7050.3550.8550.8247.6437.6028.2515.29