BCAL FY 2021 Earnings Report — Southern California Bancorp Revenue & Financial Results | Market Cap Arena

Southern California BancorpBCAL

FY 2021 Earnings

Reported December 29, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$72M	—	$54M	—	32.0%
Op. Income	$14M	—	$7M	—	109.6%
Gross Margin	93.6%	—	80.8%	—	12.9pp
Net Margin	15.0%	—	8.7%	—	6.3pp
EPS (Diluted)	$0.72	—	$0.49	—	46.9%
Free Cash Flow	$18M	—	$11M	—	69.0%

Revenue Flow

Item	Amount
REVENUE	$72M
Cost of Revenue	$5M
GROSS PROFIT	$67M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$36M
SG&A Expenses	$36M
Other Expenses	$17M
Operating Expenses	$53M
Cost & Expenses	$57M
OPERATING INCOME	$14M
Interest Income	$68M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$3M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$2M
EBIT	$14M
EBITDA	$16M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$72M
Cost of Revenue	$5M
GROSS PROFIT	$67M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$36M
SG&A Expenses	$36M
Other Expenses	$17M
Operating Expenses	$53M
Cost & Expenses	$57M
OPERATING INCOME	$14M
Interest Income	$68M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$3M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$2M
EBIT	$14M
EBITDA	$16M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$11M
Depreciation & Amortization	$2M
Stock-Based Compensation	$6M
Deferred Income Tax	$137.0K
Other Non-Cash Items	-$7M
Change in Working Capital	$8M
OPERATING CASH FLOW	$20M
Capital Expenditure	-$2M
Acquisitions (Net)	$34M
Purchases of Investments	-$28M
Sales/Maturities of Investments	$8M
Other Investing Activities	-$4M
NET CASH FROM INVESTING	$9M
Net Debt Issuance	-$214M
Common Stock Repurchased	-$4M
Common Dividends Paid	$0
Other Financing Activities	$519M
NET CASH FROM FINANCING	$301M
FREE CASH FLOW	$18M
Net Change in Cash	$329M

Balance Sheet

Item	Amount
Cash & Equivalents	$22M
Short-Term Investments	$56M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$78M
PP&E (Net)	$28M
Goodwill	$37M
Intangible Assets	$2M
Long-Term Investments	$1.5B
Tax Assets	$5M
Other Non-Current Assets	$617M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$2.3B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.0B
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$20M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$11M
TOTAL NON-CURRENT LIABILITIES	$40M
TOTAL LIABILITIES	$2.0B
Common Stock	$214M
Additional Paid-In Capital	$0
Retained Earnings	$32M
Treasury Stock	$0
Accum. Other Comp. Income	-$38.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$247M
Minority Interest	$0
TOTAL EQUITY	$247M
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$29M
Net Debt	$7M