PacWest Bancorp

PacWest Bancorp is a bank holding company, which specializes in financial and banking solutions. It offers commercial banking services including real estate, construction, commercial loans, comprehensive deposit, and treasury management services to small and middle-market businesses through the Pacific Western Bank. The company was founded on October 22, 1999, and is headquartered in Beverly Hills, CA.

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PacWest Bancorp restructures for growth, faces deposit challenges ahead

PacWest Bancorp's Q4 call highlighted strategic shifts, financial goals, and a focus on stability amidst economic challenges.
Management's alignment with the new plan, commitment to technology, and solid credit quality position the company for growth.
Challenges in deposit gathering, potential Fed rate impacts, and criticized loans require attention for sustained performance.

PacWest Bancorp beats estimates, focuses on stability and growth

PacWest Bancorp navigated challenges with resilience, reporting strong financial performance and stable credit quality amidst deposit fluctuations.
The company's focus on liquidity, expense management, and capital optimization positions it well for future growth and profitability.
Strategic initiatives to enhance operational efficiency and explore new revenue streams underscore PacWest's commitment to long-term value creation.

PacWest Bancorp and Banc of California merger set for growth

The merger between PacWest Bancorp and Banc of California is poised to deliver immediate benefits and long-term value through enhanced financial metrics and operational efficiencies.
While facing challenges in a slow economy and cost savings targets, the combined company has clear strengths in product offerings, funding profile, and talent retention strategies.
Strategic initiatives, conservative growth projections, and a focus on technology integration and fee revenue generation present opportunities for sustainable growth and profitability post-merger.

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CIG International's staff is experienced in all aspects of residential development and finance. Their years of highly focused real estate and investment experience allow us to make informed decisions that will directly meet the needs and goals of their clients. Please click on a name below to read more about a staff member's background and experience.

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LOS ANGELES, Feb. 01, 2023 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share. The cash dividend is payable on February 28, 2023 to stockholders of record at the close of business on February 15, 2023.

Pacwest Bancorp Announces Quarterly Dividends

PacWest Bancorp (NASDAQ:PACW ) Q4 2022 Earnings Conference Call January 27, 2023 11:00 AM ET Company Participants William Black - Executive Vice President of Strategy and Corporate Development Paul Taylor - President and Chief Executive Officer Kevin Thompson - Executive Vice President and Chief Financial Officer Mark Yung - Executive Vice President and Chief Operating Officer Conference Call Participants Brandon King - Truist Securities Matthew Clark - Piper Sandler & Co. Christopher McGratty - Keefe, Bruyette, & Woods, Inc. Gary Tenner - D.A. Davidson & Co. David Chiaverini - Wedbush Securities Andrew Terrell - Stephens, Inc. David Long - Raymond James & Associates, Inc. Christopher Marinac - Janney Montgomery Scott LLC Jon Arfstrom - RBC Capital Markets Operator Good day, and welcome to the PacWest Bancorp Fourth Quarter 2022 Earnings Call.

PacWest Bancorp (PACW) Q4 2022 Earnings Call Transcript

LOS ANGELES, Jan. 27, 2023 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq:PACW) (the “Company”) today announced a new strategic plan with a mission to maximize shareholder value by exceeding customer expectations. This plan focuses on strengthening our community bank businesses, exiting non-core products and services, and improving our operational efficiency.

UPDATE - PacWest Bancorp Announces the Evolution of Its Business Strategy

PacWest (PACW) delivered earnings and revenue surprises of -14.85% and 6.69%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

PacWest Bancorp (PACW) Misses Q4 Earnings and Revenue Estimates

LOS ANGELES, Jan. 26, 2023 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) (the “Company”) today announced a new strategic plan with a mission to maximize shareholder value by exceeding customer expectations. This plan focuses on strengthening our community bank businesses, exiting non-core products and services, and improving our operational efficiency.

PacWest Bancorp Announces the Evolution of Its Business Strategy

LOS ANGELES, Jan. 26, 2023 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) -

PacWest Bancorp Announces Results for the Fourth Quarter and Full Year 2022

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LOS ANGELES, Jan. 05, 2023 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) (the “Company”) will report its financial results for the quarter and year-to-date period ended December 31, 2022 after the close of the stock market on Thursday, January 26, 2023. The Company will file its quarterly financial results with the SEC via Form 8-K and issue a press release via newswire, which will also be posted on the SEC Filings section of its website at http://www.pacwestbancorp.com. Management will host a conference call at 8:00 AM PT/ 11:00 AM ET on Friday, January 27, 2023 to discuss the Company's performance.

PacWest Bancorp Announces Fourth Quarter Earnings Release Date and Conference Call

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PacWest Bancorp Announces Leadership Transitions

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PacWest Battered As Deposit Betas Shoot Higher

PacWest Bancorp. (NASDAQ:PACW ) Q3 2022 Earnings Conference Call October 20, 2022 11:00 AM ET Company Participants Bill Black - EVP, Strategy & Corporate Development Matt Wagner - CEO Bart Olson - CFO Mark Yung - EVP and COO Paul Taylor - President Conference Call Participants Jared Shaw - Wells Fargo Securities Christopher Marinac - Janney Montgomery Scott Matthew Clark - Piper Sandler Gary Tenner - D.A.

PacWest Bancorp. (PACW) Q3 2022 Earnings Call Transcript

PacWest (PACW) delivered earnings and revenue surprises of -5.56% and 2.66%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

PacWest Bancorp (PACW) Misses Q3 Earnings and Revenue Estimates

LOS ANGELES, Oct. 19, 2022 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) -

PacWest Bancorp Announces Results for the Third Quarter 2022

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LOS ANGELES, Oct. 03, 2022 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) (the “Company”) has announced that its subsidiary, Pacific Western Bank, completed a credit-linked notes transaction. The notes sold had an aggregate principal amount of $132.8 million with net proceeds of approximately $128.7 million. The notes are linked to the credit risk of an approximately $2.66 billion reference pool of previously purchased single-family residential mortgage loans. The notes were issued in five classes with a blended rate on the notes of SOFR plus 11%. The transaction will result in a reduction of risk-weighted assets, thereby improving regulatory capital ratios and would have increased the Common Equity Tier 1 (“CET1”) capital ratio by approximately 20 basis points at June 30, 2022. This transaction represents a step in the Company's stated goal of increasing the CET1 capital ratio to 10% by the end of 2023.

Pacific Western Bank Completes A Credit-Linked Notes Transaction

LOS ANGELES, Sept. 28, 2022 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) (the “Company”) will report its financial results for the quarter and year-to-date period ended September 30, 2022 after the close of the stock market on Wednesday, October 19, 2022. The Company will file its quarterly financial results with the SEC via Form 8-K and issue a press release via newswire, which will also be posted on the SEC Filings section of its website at www.pacwestbancorp.com. Management will host a conference call at 8:00 AM PT/ 11:00 AM ET on Thursday, October 20, 2022 to discuss the Company's performance.

PacWest Bancorp Announces Third Quarter Earnings Release Date and Conference Call

News for PacWest Bancorp Stock (PACW)