PCB FY 2022 Earnings Report — PCB Bancorp Revenue & Financial Results | Market Cap Arena

FY 2022 Earnings

Reported March 9, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$116M	—	$100M	—	16.4%
Op. Income	$49M	—	$57M	—	-13.3%
Gross Margin	86.5%	—	100.3%	—	-13.8pp
Net Margin	30.1%	—	40.1%	—	-10.0pp
EPS (Diluted)	$2.32	—	$2.62	—	-11.5%
Free Cash Flow	$52M	—	-$2M	—	2631.2%

Revenue Flow

Item	Amount
REVENUE	$116M
Cost of Revenue	$16M
GROSS PROFIT	$101M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$34M
SG&A Expenses	$36M
Other Expenses	$15M
Operating Expenses	$51M
Cost & Expenses	$67M
OPERATING INCOME	$49M
Interest Income	$102M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$49M
Income Tax Expense	$14M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	$4M
EBIT	$49M
EBITDA	$53M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$116M
Cost of Revenue	$16M
GROSS PROFIT	$101M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$34M
SG&A Expenses	$36M
Other Expenses	$15M
Operating Expenses	$51M
Cost & Expenses	$67M
OPERATING INCOME	$49M
Interest Income	$102M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$49M
Income Tax Expense	$14M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	$4M
EBIT	$49M
EBITDA	$53M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$35M
Depreciation & Amortization	$4M
Stock-Based Compensation	$539.0K
Deferred Income Tax	$12M
Other Non-Cash Items	$17M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$57M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$57M
Sales/Maturities of Investments	$23M
Other Investing Activities	-$317M
NET CASH FROM INVESTING	-$357M
Net Debt Issuance	$10M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$9M
Other Financing Activities	$180M
NET CASH FROM FINANCING	$243M
FREE CASH FLOW	$52M
Net Change in Cash	-$56M

Balance Sheet

Item	Amount
Cash & Equivalents	$147M
Short-Term Investments	$142M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$296M
PP&E (Net)	$13M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$2.0B
Tax Assets	$3M
Other Non-Current Assets	$63M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$2.4B
Account Payables	$12M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.0B
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$20M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$27M
TOTAL LIABILITIES	$2.1B
Common Stock	$150M
Additional Paid-In Capital	$0
Retained Earnings	$127M
Treasury Stock	$0
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$335M
Minority Interest	$0
TOTAL EQUITY	$335M
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$27M
Net Debt	-$120M