Banc Of California (BANC) Deferred Taxes (2010 - 2023)
Banc Of California (BANC) posted Deferred Taxes of -$3.7 million for Q3 2023, down 256.26% on a QoQ basis from $2.4 million in Q2 2023, and down 48.45% year-over-year from -$7.3 million in Q3 2022.
Analysis
Banc Of California (BANC) Deferred Taxes (2010 - 2023) Analysis & Trends
Banc Of California has reported Deferred Taxes for 13 years, with the latest figure at -$3.7 million in Q3 2023.
- On a quarterly basis, Deferred Taxes fell 48.45% year-over-year to -$3.7 million in Q3 2023; TTM through Sep 2023 was $18.6 million, a 138.65% increase from a year earlier, with the FY2022 full-year figure at $19.1 million, up 226.45% from the prior year.
- Deferred Taxes was -$3.7 million for Q3 2023 at Banc Of California, down from $2.4 million in the prior quarter.
- The five-year high for Deferred Taxes was $20.6 million in Q4 2022, with the low at -$6.7 million in Q4 2020.
- Average Deferred Taxes over 5 years is $682421.1, with a median of -$727000.0 recorded in 2023.
- The sharpest annual moves came in 2020 and 2022: Deferred Taxes plunged 1250.0% in 2020, then soared 478.46% in 2022.
- Over 5 years, Deferred Taxes stood at $2.0 million in 2019, then tumbled by 439.03% to -$6.7 million in 2020, then soared by 238.98% to $9.3 million in 2021, then soared by 121.3% to $20.6 million in 2022, then sank by 118.15% to -$3.7 million in 2023.
- The last three Deferred Taxes figures came in at -$3.7 million (Q3 2023), $2.4 million (Q2 2023), and -$727000.0 (Q1 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 948.96 Bn | 948.96 Bn | - | - |
| 2 | Truist Financial | 61.64 Bn | 61.64 Bn | - | - |
| 3 | Fifth Third Bancorp | 49.62 Bn | 25.89 Bn | - | - |
| 4 | M&T Bank | 34.88 Bn | 34.88 Bn | - | 16.00 Mn |
| 5 | Huntington Bancshares | 33.82 Bn | 29.29 Bn | - | -120.00 Mn |
| 6 | Citizens Financial | 29.46 Bn | 29.46 Bn | - | -58.00 Mn |
| 7 | Regions Financial | 25.57 Bn | 25.57 Bn | - | -157.00 Mn |
| 8 | First Citizens Bancshares | 25.00 Bn | 24.48 Bn | 29.00 Mn | 71.00 Mn |
| 9 | Keycorp | 23.27 Bn | -24.42 Bn | - | 2.00 Mn |
| 10 | Banc Of California | 2.86 Bn | 44.00 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2023 | -3.74 Mn |
| Jun 30, 2023 | 2.40 Mn |
| Mar 31, 2023 | -727,000.00 |
| Dec 31, 2022 | 20.63 Mn |
| Sep 30, 2022 | -2.52 Mn |
| Jun 30, 2022 | -2.22 Mn |
| Mar 31, 2022 | 3.20 Mn |
| Dec 31, 2021 | 9.32 Mn |
| Sep 30, 2021 | -1.51 Mn |
| Jun 30, 2021 | -1.12 Mn |
| Mar 31, 2021 | -845,000.00 |
| Dec 31, 2020 | -6.71 Mn |
| Sep 30, 2020 | -2.48 Mn |
| Jun 30, 2020 | -644,000.00 |
| Mar 31, 2020 | 573,000.00 |
| Dec 31, 2019 | 1.98 Mn |
| Sep 30, 2019 | -4.44 Mn |
| Jun 30, 2019 | 56,000.00 |
| Mar 31, 2019 | 1.79 Mn |
| Dec 31, 2018 | -597,000.00 |