CoBiz Financial is committed to serving the complete financial needs of successful businesses, business owners, professionals and high-net-worth individuals. The Company's segments include Commercial Banking, Fee-Based Lines, and Corporate Support and Other. Its Commercial Banking segment consists of the operations of the Bank, a full-service business banking institution that offers commercial, real estate and private banking, as well as treasury management, interest-rate hedging and depository products.

Type
Subsidiary
Parent Company
BOK Financial
HQ
Denver, US
Founded
1980
CoBiz Financial was founded in 1980 and is headquartered in Denver, US
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CoBiz Financial Office Locations

CoBiz Financial has an office in Denver
Denver, US (HQ)
821 17th St
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CoBiz Financial Financials and Metrics

Summary Metrics

Founding Date

1980
CoBiz Financial is a subsidiary of BOK Financial

CoBiz Financial Financials

CoBiz Financial's revenue was reported to be $127.78 m in FY, 2016 which is a 5.4% increase from the previous period.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

106.1 m114.3 m121.3 m127.8 m

Revenue growth, %

8%6%5%

Cost of goods sold

9.6 m11.7 m

Gross profit

111.7 m116.1 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

34.7 m32.7 m37.5 m38.9 m37.3 m38 m37.6 m38.9 m39.3 m41.6 m41.4 m43.7 m45.9 m46.7 m

Cost of goods sold

2.6 m2.1 m2.2 m2.1 m2 m2 m2.8 m3 m3 m2.9 m3 m3.4 m3.2 m3.2 m

Gross profit

32.1 m30.6 m35.4 m36.8 m35.3 m36 m34.8 m35.9 m36.3 m38.7 m38.4 m40.3 m42.8 m43.6 m

Gross profit Margin, %

93%94%94%94%95%95%93%92%92%93%93%92%93%93%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

76 m91.6 m67.3 m96.1 m

Accounts Receivable

8.8 m9.6 m10.4 m12.2 m

Inventories

510.4 m

Total Assets

2.8 b3.1 b3.4 b3.6 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Cash

99.7 m77.1 m130.6 m93.7 m63.4 m85.1 m86.1 m87.5 m67.7 m

Inventories

582.9 m547.2 m526.8 m500.5 m495 m477.6 m455.1 m572.1 m582.3 m

Total Assets

2.8 b2.9 b3 b3 b3.4 b3.5 b3.5 b3.7 b3.8 b

Accounts Payable

2.3 b2.3 b2.3 b2.4 b2.8 b2.8 b2.9 b3.1 b3.2 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

27.6 m29 m26.1 m34.9 m

Depreciation and Amortization

3.7 m600 k600 k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018

Net Income

7 m5.5 m8.6 m7.9 m7.3 m7.4 m7 m7.4 m8.5 m10.3 m8.6 m11.2 m13 m

Depreciation and Amortization

149 k147 k150 k150 k150 k150 k150 k150 k150 k884 k

Cash From Operating Activities

41.8 m12.2 m

Purchases of PP&E

(25.2 m)
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CoBiz Financial Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Non-accrual Loans

$8.99 m$6.09 m$4.08 m$4.88 m$15.72 m$8.24 m$5.99 m$5.05 m$2.64 m$3.05 m$3.83 m

Total Loans

$2.41 b$2.45 b$2.50 b$2.62 b$2.70 b$2.72 b$2.81 b$2.83 b$2.93 b$2.99 b$3.06 b
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CoBiz Financial Online and Social Media Presence

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CoBiz Financial News and Updates

COBIZ FINANCIAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of CoBiz Financial Inc.

NEW ORLEANS, June 18, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of CoBiz Financial Inc. ("CoBiz") (NasdaqGS: COBZ) to BOK Financial Corporation ("BOK FTB")...

COBIZ FINANCIAL INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of CoBiz Financial Inc.

NEW ORLEANS, June 18, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of CoBiz Financial Inc. ("CoBiz") (NasdaqGS: COBZ) to BOK Financial Corporation ("BOK FTB")...

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of CoBiz Financial Inc.

NEW YORK, June 18, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against CoBiz Financial Inc. (NASDAQ: COBZ) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by BOK Financial Corporation. Stockholders will...
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