Monday, September 21, 2020

The 30 Largest California Banking Companies Total Pretax Earnings Dropped By An Off-the-Charts 156% in the Second Quarter of 2020, Even Worse Than Their 98% Decline in the First Quarter of 2020. The Trump Administration's Reputedly Strong US Economy Certainly Hasn't Hit the California Banks.

From a review of Company SEC filings and the Google Finance website, I found 30 Banking Companies headquartered in the State of California with stock market caps of above $100 mil recently.  All 30 California Banking Companies had June 2020 second quarter ends.

The table below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the second and first quarters of both 2020 and 2019 for each of these 30 fine California Banking Companies.
  US US US US
GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax
  Income Income Income Income
(Loss) (Loss) (Loss) (Loss)
  Second Second First First
    Quarter Quarter Quarter Quarter
California Banks   2020 2019 2020 2019
Stock Market Caps Above $100 Mil City HQs mils $ mils $ mils $ mils $
SVB Financial Santa Clara          336          456          183          399
First Republic Bank San Francisco          318          269          272          268
East West Bancorp Pasadena          112          223          164          195
CVB Financial Corp Ontario            59            77            53            73
Cathay General Bancorp Los Angeles            58            87            56            85
PacWest Bancorp Brea            46          178     (1,421)          156
Hope Bancorp Los Angeles            37            57            32            57
WestAmerica Bancorporation San Rafael / Fairfield            26            26            22            25
First Foundation Inc Irvine            25            18            19            16
Preferred Bank Los Angeles            22            28            23            27
Farmers & Merchants Bancorp Lodi            19            19            19            18
Heritage Commerce Corp San Jose            15            16              3            17
Hanmi Financial Corp Los Angeles            14              4              3            21
Luther Burbank Santa Rosa            13            17            11            17
Sierra Bancorp Porterville            11            12            10            12
Bank of Marin Bancorp Novato            10            11            10            10
Trico Bancshares Chico              9            31            22            32
RBB Bancorp Los Angeles              9            15            10            14
First Choice Bancorp Cerritos              8            10              6            10
Silvergate Capital Corp LaJolla              7              7              6            13
PCB Bancorp Los Angeles              5              9              5              9
Bank of Commerce Holding Redding              5              5              1              3
BayCom Walnut Creek              4              3              4              7
First Northern Community Basncorp Dixon              4              5              4              6
Central Valley Community Bancorp Fresno              3              8              9              7
United Security Bancshares Fresno              3              6              4              6
Bank of California Santa Ana          (24)            21            (9)            10
Pacific Premier Bancorp Irvine        (139)            53            32            54
Wells Fargo & Company San Francisco     (6,249)       7,632          664       6,848
Opus Bank (Acquired by Pacific Premier Bancorp) Irvine  NA   NA           (82)            14
 Total all 30 California Banks      (5,234)       9,303          135       8,429
… % Change From Prior Year Quarter -156% -98%



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