PACW News and Press, PacWest Bancorp From 07/25/23

SECOND QUARTER 2023 HIGHLIGHTS Net loss available to common stockholders of $207.4 million, or a loss of $1.75 per diluted share as the quarter was impacted by items related to loan sales and restructuring of our Civic subsidiary Adjusted earnings of $36.0 million and adjusted dilut...

2023-07-25 17:08:22 ET PacWest Bancorp ( NASDAQ: PACW ), which has been at the center of recent fears about the regional banking sector, delivered Q2 earnings on Tuesday that slightly surpassed Wall Street expectations and fell sequentially and from a year ago. Moments before pu...

Combination will create California’s premier relationship-focused business bank Combined $36 billion asset bank with extensive Southern CA footprint to be headquartered in Los Angeles 20%+ accretion to BANC’s 2024 Estimated EPS and immediately 3% accretive to TBV...

Combination will create California’s premier relationship-focused business bank Combined $36 billion asset bank with extensive Southern CA footprint to be headquartered in Los Angeles 20%+ accretion to BANC’s 2024 Estimated EPS and immediately 3% accretive to T...

2023-07-25 15:12:58 ET PacWest Bancorp ( NASDAQ: PACW ) is in advanced talks to sell itself to fellow regional lender Banc of California ( NYSE: BANC ) in a deal that could be announced as soon as today, the Wall Street Journal reported Tuesday, citing people familiar wi...

2023-07-24 17:35:34 ET PacWest Bancorp ( NASDAQ: PACW ) is scheduled to announce Q2 earnings results on Tuesday, July 25th, after market close. The consensus EPS Estimate is $0.19 (-81.4% Y/Y) and the consensus Revenue Estimate is $231.13M (-35.5% Y/Y). Over the last 1...

2023-07-23 07:48:06 ET Summary PacWest Bancorp could deliver a strong Q2 report on July 25, 2023 due to recovering deposit flows. The bank has seen a return of deposits after losing 17% in Q1, with $700M in deposit inflows reported after the end of the first quarter. PacWest B...

2023-07-21 13:24:25 ET Summary We are seeing more defaults in the commercial real estate sector as well as many fire sales around big office buildings in major cities. This trend is accelerating, and a new report from McKinsey projects $800 billion of commercial real estate values...

2023-07-18 13:46:04 ET Bank stocks rose on well-received earnings reports from some of the largest names in the sector that pointed to a more optimistic outlook than investors had expected. Shares of Bank of America (NYSE: BAC) traded more than 4.5% higher as of 1:24 p.m. ET Tue...

2023-07-18 11:55:23 ET Gainers: Prestige Wealth ( PWM ) +25% . The Charles Schwab ( SCHW ) +11% on Q2 earnings . PacWest Bancorp ( PACW ) +9% . HomeStreet ( HMST ) +9% . Mercantile Bank ( MBWM ) +9% on dividend raise ...