Pacwest Bancorp (NASDAQ:PACW)

Stock Price: $9.55

+0.295 (3.19%)

Updated Mar 24, 2023 08:00 PM GMT+0000

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Overview

Financials

Statistics

Profile

Chart

Market Cap	1.13B
Revenue	1.63B
Gross Profit	1.61B
Shares Out	117.93M
EPS (ttm)	3.37
PE Ratio	2.7506
Forward PE	2.8279
Dividend Rate (ttm)	0.9868
Dividend Yield	0.1066

Trading Day	Mar 24
Last Price	$9.55
Previous Close	$9.26
Change ($)	0.295
Change (%)	3.19%
Day's Open	8.99
Day's Range	8.7 - 9.76
Day's Volume	18.87M
52 Week Range	5 - 44.92

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About Pacwest Bancorp

PacWest Bancorp ('PacWest') is a bank holding company with over $29 billion in assets headquartered in Los Angeles, California, with executive offices in Denver, Colorado, with one wholly-owned banking subsidiary, Pacific Western Bank (the 'Bank'). The Bank has 70 full-service branches located in California, one branch located in Durham, North Carolina, and one branch located in Denver, Colorado.

Its Community Banking group provides lending and comprehensive deposit and treasury management services to small and medium-sized businesses conducted primarily through its California-based branch offices and Denver, Colorado branch office. It offers additional products and services through its National Lending and Venture Banking groups.

National Lending provides asset-based, equipment, and real estate loans and treasury management services to established middle market businesses on a national basis. Venture Banking offers a comprehensive suite of financial services focused on entrepreneurial or venture-backed businesses and their venture capital and private equity investors, with offices located in key innovation hubs across the United States.

News

Top 2 stocks to consider before Fed interest rate hikes this year February 16, 2022

Quick info

Country

Industry

Commercial Banking

Sector

Finance and Insurance

Employees

2,200

CEO

Matthew Wagner

Address

130 S State College Blvd
Brea
California
92821-5807

Phone

13108878500

Website

pacwestbancorp.com

Ticker Symbol

PACW

Exchange

NASDAQ Stock Exchange

Reporting Currency

USD

Pacwest Bancorp income statements (2022) (USD)

	August 2022
Total Revenue	384.86M
Cost of Revenue	11.50M
Gross Profit	373.36M
Research & Development	0
Selling General & Admin	15.27M
Operating Expense	221.74M
Operating Income	163.13M
Other Income Expense Net	0
EBIT	163.13M
Interest Income	0
Pretax Income	163.13M
Income Tax	40.77M
Minority Interest	0
Net Income	120.01M
Net Income Basic	120.01M

Pacwest Bancorp income statements (2020) (USD)

	November 2020	September 2020	June 2020	March 2020	March 2020
Total Revenue	304.16M	N.A	N.A	N.A	N.A
Cost of Revenue	97M	N.A	N.A	N.A	N.A
Gross Profit	207.16M	N.A	N.A	N.A	N.A
Research & Development	0	N.A	N.A	N.A	N.A
Selling General & Admin	14.77M	N.A	N.A	N.A	N.A
Operating Expense	244.99M	N.A	N.A	N.A	N.A
Operating Income	59.17M	N.A	N.A	N.A	N.A
Other Income Expense Net	0	N.A	N.A	N.A	N.A
EBIT	59.17M	N.A	N.A	N.A	N.A
Interest Income	0	4.70M	6.72M	13.34M	13.34M
Pretax Income	59.17M	59.17M	46.17M	-1.42B	-1.42B
Income Tax	13.67M	13.67M	12.97M	11.99M	11.99M
Minority Interest	0	0	0	0	0
Net Income	44.93M	44.93M	32.84M	-1.43B	-1.43B
Net Income Basic	44.93M	44.93M	32.84M	-1.43B	-1.43B

Pacwest Bancorp income statements (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Total Revenue	N.A	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A	N.A
EBIT	N.A	N.A	N.A	N.A
Interest Income	12.17M	14.27M	14.92M	15.45M
Pretax Income	147.07M	151.86M	178.36M	155.65M
Income Tax	29.19M	41.83M	50.24M	43.05M
Minority Interest	0	0	0	0
Net Income	116.42M	108.66M	126.94M	111.44M
Net Income Basic	116.42M	108.66M	126.94M	111.44M

Pacwest Bancorp income statements (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Total Revenue	N.A	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A	N.A
EBIT	N.A	N.A	N.A	N.A
Interest Income	12.14M	11.20M	9.82M	7.46M
Pretax Income	154.06M	157.58M	158.02M	163.66M
Income Tax	39.02M	41.29M	42.29M	45.39M
Minority Interest	0	0	0	0
Net Income	113.82M	114.86M	114.39M	117.16M
Net Income Basic	113.82M	114.86M	114.39M	117.16M

Pacwest Bancorp income statements (2017) (USD)

	December 2017	September 2017	June 2017
Total Revenue	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A
EBIT	N.A	N.A	N.A
Interest Income	7.60M	6.21M	6.87M
Pretax Income	140.48M	139.41M	148.55M
Income Tax	56.44M	37.95M	54.90M
Minority Interest	0	0	0
Net Income	83.09M	100.32M	92.57M
Net Income Basic	83.09M	100.32M	92.57M

Pacwest Bancorp balance sheet (2022) (USD)

	August 2022
Current Cash	0
Receivables	168.60M
Inventory	0
Current Assets	38.21B
Other Current Assets	173.56M
Short Term Investments	11.53B
Long Term Investments	2.74B
Property/Plant Equipment	51.08M
Good Will	N.A
Intangible Assets	37.66M
Tangible Assets (Net)	2.04B
Other Assets	863.39M
Total Assets	40.95B
Accounts Payable	0
Other Current Liabilities	34.52B
Total Current Liabilities	36.97B
Total Liabilities	36.97B
Long Term Debt	0
Current Long Term Debt	2.46B
Minority Interest	0
Common Stock	117.56M
Treasury Stock	-106.08M
Retained Earnings	1.26B
Capital Surplus	N.A
Shareholder Equity	3.98B
Other Liabilities	N.A

Pacwest Bancorp balance sheet (2020) (USD)

	November 2020	September 2020	June 2020	March 2020	March 2020
Current Cash	0	N.A	N.A	N.A	N.A
Receivables	0	N.A	N.A	N.A	N.A
Inventory	0	N.A	N.A	N.A	N.A
Current Assets	26.17B	2.97B	2.02B	730.92M	730.92M
Other Current Assets	0	N.A	N.A	N.A	N.A
Short Term Investments	7.30B	N.A	N.A	N.A	N.A
Long Term Investments	2.26B	2.78B	2.06B	763.40M	763.40M
Property/Plant Equipment	40.54M	326.97M	462.82M	471.23M	471.23M
Good Will	N.A	N.A	N.A	N.A	N.A
Intangible Assets	26.81M	26.81M	30.56M	34.45M	34.45M
Tangible Assets (Net)	2.38B	2.41B	1.19B	1.12B	1.12B
Other Assets	1.10B	797.22M	239.75M	261.33M	261.33M
Total Assets	28.43B	28.43B	27.37B	26.14B	26.14B
Accounts Payable	0	N.A	N.A	N.A	N.A
Other Current Liabilities	24.42B	20.54B	N.A	14.83B	14.83B
Total Current Liabilities	24.94B	20.54B	77.49M	17.15B	17.15B
Total Liabilities	24.94B	24.94B	23.91B	25.05B	25.05B
Long Term Debt	0	523.28M	588.55M	2.87B	2.87B
Current Long Term Debt	523.28M	N.A	10M	N.A	N.A
Minority Interest	0	0	0	0	0
Common Stock	3.13B	118.49M	116.75M	118.55M	118.55M
Treasury Stock	-88.57M	N.A	88.50M	86.89M	86.89M
Retained Earnings	292.56M	N.A	247.06M	213.85M	213.85M
Capital Surplus	N.A	N.A	3.15B	3.17B	3.17B
Shareholder Equity	3.49B	3.49B	3.45B	3.39B	3.39B
Other Liabilities	N.A	N.A	N.A	N.A	N.A

Pacwest Bancorp balance sheet (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Current Cash	N.A	N.A	N.A	N.A
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	769.33M	855.45M	741.91M	684.71M
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	668.82M	662.98M	609.89M	529.51M
Property/Plant Equipment	491.97M	467.90M	457.92M	457.04M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	38.39M	42.55M	47.38M	52.25M
Tangible Assets (Net)	-260.22M	-294.81M	-364.83M	-425.86M
Other Assets	263.17M	253.27M	856.77M	252.77M
Total Assets	26.77B	26.72B	26.34B	26.32B
Accounts Payable	N.A	N.A	N.A	N.A
Other Current Liabilities	14.36B	14.97B	14.50B	15.01B
Total Current Liabilities	16.16B	16.24B	16.43B	16.53B
Total Liabilities	23.58B	23.06B	23.41B	23.01B
Long Term Debt	2.33B	1.85B	2.49B	2.04B
Current Long Term Debt	8K	31K	59K	87K
Minority Interest	0	0	0	0
Common Stock	118.27M	118.21M	118.21M	118.96M
Treasury Stock	83.43M	82.40M	82.30M	79.51M
Retained Earnings	1.65B	1.53B	1.42B	1.30B
Capital Surplus	3.31B	3.37B	3.44B	3.54B
Shareholder Equity	4.95B	4.92B	4.85B	4.79B
Other Liabilities	N.A	N.A	N.A	N.A

Pacwest Bancorp balance sheet (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Current Cash	N.A	N.A	N.A	N.A
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	538.26M	520.71M	594.44M	694.03M
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	388.34M	356.43M	362.86M	456.90M
Property/Plant Equipment	327.34M	309.72M	301.09M	314.33M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	57.12M	62.11M	67.69M	73.28M
Tangible Assets (Net)	-391.25M	-475.15M	-438.88M	-349.35M
Other Assets	287.84M	271.47M	282.81M	305.45M
Total Assets	25.85B	24.78B	24.53B	24.15B
Accounts Payable	N.A	N.A	N.A	N.A
Other Current Liabilities	14.83B	14.34B	14.37B	14.61B
Total Current Liabilities	16.20B	15.85B	15.56B	15.19B
Total Liabilities	21.03B	20.04B	19.75B	19.28B
Long Term Debt	453.85M	452.98M	451.94M	452.31M
Current Long Term Debt	106K	135K	167K	198K
Minority Interest	0	0	0	0
Common Stock	121.85M	121.75M	123.02M	123.39M
Treasury Stock	74.99M	73.24M	73.03M	68.69M
Retained Earnings	1.18B	1.07B	0.95B	835.61M
Capital Surplus	3.72B	3.79B	3.92B	4.11B
Shareholder Equity	4.83B	4.74B	4.78B	4.87B
Other Liabilities	N.A	N.A	N.A	N.A

Pacwest Bancorp balance sheet (2017) (USD)

	December 2017	September 2017	June 2017
Current Cash	N.A	N.A	N.A
Receivables	N.A	N.A	N.A
Inventory	N.A	N.A	N.A
Current Assets	498.57M	281.65M	300.76M
Other Current Assets	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A
Long Term Investments	668.99M	139.69M	304.37M
Property/Plant Equipment	316.48M	262.78M	232.32M
Good Will	N.A	N.A	N.A
Intangible Assets	79.63M	27.19M	30.24M
Tangible Assets (Net)	-239.24M	200.77M	147.82M
Other Assets	538.85M	351.66M	369.98M
Total Assets	24.99B	22.24B	22.25B
Accounts Payable	N.A	N.A	N.A
Other Current Liabilities	13.40B	12.86B	11.50B
Total Current Liabilities	13.87B	13.11B	11.72B
Total Liabilities	20.02B	17.63B	17.69B
Long Term Debt	462.55M	448.29M	445.97M
Current Long Term Debt	228K	233K	228K
Minority Interest	0	0	0
Common Stock	127.35M	120.06M	120.05M
Treasury Stock	65.84M	64.15M	63.92M
Retained Earnings	723.47M	639.43M	537.97M
Capital Surplus	4.29B	4B	4.05B
Shareholder Equity	4.98B	4.61B	4.56B
Other Liabilities	N.A	N.A	N.A

Pacwest Bancorp cash flow (2022) (USD)

	November 2022	August 2022
Net Income	119.89M	120.01M
Depreciation	24.61M	24.68M
Changes in Receivables	168.38M	168.60M
Changes in Inventories	0	0
Cash Change	216.44M	197.03M
Cash Flow	227.53M	137.36M
Capital Expenditures	-2.65M	-3.14M
Investments	N.A	N.A
Investing Activity (other)	N.A	N.A
Total Investing Cash Flows	-617M	-1.63B
Dividends Paid	N.A	N.A
Net Borrowings	-35.44B	-35.39B
Other Financing Cash Flows	N.A	N.A
Cash Flow Financing	460.27M	1.81B
Exchange Rate Effect	N.A	N.A

Pacwest Bancorp cash flow (2020) (USD)

	November 2020	June 2020	March 2020
Net Income	44.93M	32.84M	-1.43B
Depreciation	66.96M	N.A	22.06M
Changes in Receivables	0	N.A	N.A
Changes in Inventories	0	N.A	N.A
Cash Change	13.12M	1.31B	-25.36M
Cash Flow	342.94M	1.63B	-1.35B
Capital Expenditures	-11.01M	-5.47M	-4.3M
Investments	N.A	-13.34M	54.53M
Investing Activity (other)	N.A	N.A	N.A
Total Investing Cash Flows	-857.16M	62.35M	-875.08M
Dividends Paid	N.A	-29.51M	-71.21M
Net Borrowings	-25.46B	-2.24B	535.99M
Other Financing Cash Flows	N.A	N.A	N.A
Cash Flow Financing	2.83B	1.09B	734.14M
Exchange Rate Effect	N.A	N.A	N.A

Pacwest Bancorp cash flow (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Net Income	116.42M	108.66M	126.94M	111.44M
Depreciation	N.A	N.A	N.A	21.77M
Changes in Receivables	N.A	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	-98.38M	128.26M	50.86M	171.12M
Cash Flow	135.07M	167.61M	128.09M	151.89M
Capital Expenditures	-39.13M	-3.36M	-15.27M	-12.33M
Investments	-3M	19.65M	257.79M	75.46M
Investing Activity (other)	N.A	N.A	N.A	N.A
Total Investing Cash Flows	-166.97M	-234.76M	79.31M	-308.89M
Dividends Paid	-72.01M	-71.95M	-71.91M	-73.18M
Net Borrowings	505.98M	-660.03M	431.97M	109.97M
Other Financing Cash Flows	N.A	N.A	N.A	N.A
Cash Flow Financing	-66.48M	195.41M	-156.54M	328.11M
Exchange Rate Effect	N.A	N.A	N.A	N.A

Pacwest Bancorp cash flow (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Net Income	113.82M	114.86M	114.39M	117.16M
Depreciation	N.A	N.A	N.A	15.10M
Changes in Receivables	N.A	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	3.98M	-69.78M	-96.23M	149.36M
Cash Flow	144.21M	157.27M	170.57M	135.98M
Capital Expenditures	-25.75M	-7.92M	-2.09M	-5.24M
Investments	-126.42M	2.86M	-75.83M	-105.7M
Investing Activity (other)	N.A	N.A	N.A	N.A
Total Investing Cash Flows	-0.91B	-364.25M	-528.87M	890.57M
Dividends Paid	-74.06M	-74.4M	-76.05M	-63.69M
Net Borrowings	-142.05M	325.94M	611.94M	95.57M
Other Financing Cash Flows	N.A	N.A	N.A	N.A
Cash Flow Financing	774.42M	137.20M	262.07M	-877.19M
Exchange Rate Effect	N.A	N.A	N.A	N.A

Pacwest Bancorp cash flow (2017) (USD)

	December 2017	September 2017	June 2017
Net Income	83.09M	100.32M	92.57M
Depreciation	N.A	N.A	N.A
Changes in Receivables	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A
Cash Change	128.42M	-17.46M	-9.02M
Cash Flow	125.80M	172.97M	42.01M
Capital Expenditures	-57.67M	-19.81M	-2.09M
Investments	197.31M	-59.7M	-115.78M
Investing Activity (other)	N.A	N.A	N.A
Total Investing Cash Flows	600.51M	-60.62M	-288.34M
Dividends Paid	-64.91M	-60.83M	-60.83M
Net Borrowings	194.06M	32.95M	-243.16M
Other Financing Cash Flows	N.A	N.A	N.A
Cash Flow Financing	-597.89M	-129.81M	237.30M
Exchange Rate Effect	N.A	N.A	N.A

Pacwest Bancorp dividends (USD)

Ex date	Payment date	Record date	Declared date	Amount	Description	Frequency
14-11-2022	30-11-2022	15-11-2022	N.A	0.25	Ordinary Shares	Quarterly
12-08-2022	31-08-2022	15-08-2022	N.A	0.25	Ordinary Shares	Quarterly
27-11-2020	10-12-2020	30-11-2020	N.A	0.25	Ordinary Shares	Quarterly
28-08-2020	10-09-2020	31-08-2020	N.A	0.25	Ordinary Shares	Quarterly
19-05-2020	29-05-2020	20-05-2020	N.A	0.25	Ordinary Shares	Quarterly
19-02-2020	28-02-2020	20-02-2020	N.A	0.60	Ordinary Shares	Quarterly
19-11-2019	29-11-2019	20-11-2019	N.A	0.60	Ordinary Shares	Quarterly
18-08-2019	29-08-2019	19-08-2019	N.A	0.60	Ordinary Shares	Quarterly
16-05-2019	30-05-2019	19-05-2019	N.A	0.60	Ordinary Shares	Quarterly
19-02-2019	28-02-2019	20-02-2019	N.A	0.60	Ordinary Shares	Quarterly
19-11-2018	30-11-2018	20-11-2018	N.A	0.60	Ordinary Shares	Quarterly
16-08-2018	30-08-2018	19-08-2018	N.A	0.60	Ordinary Shares	Quarterly
17-05-2018	30-05-2018	20-05-2018	N.A	0.60	Ordinary Shares	Quarterly
16-02-2018	28-02-2018	20-02-2018	N.A	0.50	Ordinary Shares	Quarterly
17-11-2017	30-11-2017	20-11-2017	N.A	0.50	Ordinary Shares	Quarterly
16-08-2017	30-08-2017	20-08-2017	N.A	0.50	Ordinary Shares	Quarterly
17-05-2017	30-05-2017	21-05-2017	N.A	0.50	Ordinary Shares	Quarterly
16-02-2017	28-02-2017	21-02-2017	N.A	0.50	Ordinary Shares	Quarterly
10-11-2016	30-11-2016	15-11-2016	N.A	0.50	Ordinary Shares	Quarterly
10-08-2016	30-08-2016	14-08-2016	N.A	0.50	Ordinary Shares	Quarterly
11-05-2016	30-05-2016	15-05-2016	N.A	0.50	Ordinary Shares	Quarterly
11-02-2016	29-02-2016	16-02-2016	N.A	0.50	Ordinary Shares	Quarterly
12-11-2015	30-11-2015	16-11-2015	N.A	0.50	Ordinary Shares	Quarterly
12-08-2015	27-08-2015	16-08-2015	N.A	0.50	Ordinary Shares	Quarterly
20-05-2015	03-06-2015	25-05-2015	N.A	0.50	Ordinary Shares	Quarterly