PCB FY 2023 Earnings Report — PCB Bancorp Revenue & Financial Results | Market Cap Arena

FY 2023 Earnings

Reported March 12, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$162M	—	$116M	—	39.2%
Op. Income	$43M	—	$49M	—	-12.4%
Gross Margin	61.4%	—	86.5%	—	-25.1pp
Net Margin	19.0%	—	30.1%	—	-11.1pp
EPS (Diluted)	$2.12	—	$2.32	—	-8.6%
Free Cash Flow	$62M	—	$52M	—	19.7%

Revenue Flow

Item	Amount
REVENUE	$162M
Cost of Revenue	$63M
GROSS PROFIT	$99M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$35M
SG&A Expenses	$38M
Other Expenses	$18M
Operating Expenses	$56M
Cost & Expenses	$119M
OPERATING INCOME	$43M
Interest Income	$151M
Interest Expense	$63M
Other Income/Expenses	$0
INCOME BEFORE TAX	$43M
Income Tax Expense	$13M
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$4M
EBIT	$43M
EBITDA	$47M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$162M
Cost of Revenue	$63M
GROSS PROFIT	$99M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$35M
SG&A Expenses	$38M
Other Expenses	$18M
Operating Expenses	$56M
Cost & Expenses	$119M
OPERATING INCOME	$43M
Interest Income	$151M
Interest Expense	$63M
Other Income/Expenses	$0
INCOME BEFORE TAX	$43M
Income Tax Expense	$13M
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$4M
EBIT	$43M
EBITDA	$47M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$31M
Depreciation & Amortization	$4M
Stock-Based Compensation	$488.0K
Deferred Income Tax	$4M
Other Non-Cash Items	$11M
Change in Working Capital	$13M
OPERATING CASH FLOW	$63M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$17M
Sales/Maturities of Investments	$18M
Other Investing Activities	-$275M
NET CASH FROM INVESTING	-$275M
Net Debt Issuance	$19M
Common Stock Repurchased	-$9M
Common Dividends Paid	-$10M
Other Financing Activities	$307M
NET CASH FROM FINANCING	$307M
FREE CASH FLOW	$62M
Net Change in Cash	$95M

Balance Sheet

Item	Amount
Cash & Equivalents	$242M
Short-Term Investments	$143M
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$395M
PP&E (Net)	$25M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$2.3B
Tax Assets	$0
Other Non-Current Assets	$68M
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$2.8B
Account Payables	$29M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.4B
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$39M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$876.0K
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$60M
TOTAL LIABILITIES	$2.4B
Common Stock	$143M
Additional Paid-In Capital	$0
Retained Earnings	$146M
Treasury Stock	$0
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$349M
Minority Interest	$0
TOTAL EQUITY	$349M
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$59M
Net Debt	-$183M