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PacWest Bancorp (PACW.OQ)

PACW.OQ on NASDAQ Stock Exchange Global Select Market

47.00USD
14 Dec 2017
Change (% chg)

$-1.05 (-2.19%)
Prev Close
$48.05
Open
$48.34
Day's High
$48.34
Day's Low
$46.93
Volume
381,196
Avg. Vol
331,756
52-wk High
$57.53
52-wk Low
$43.09

Latest Key Developments (Source: Significant Developments)

PacWest Bancorp Announces Loan Portfolio Sale
Monday, 11 Dec 2017 07:30am EST 

Dec 11 (Reuters) - Pacwest Bancorp ::PACWEST BANCORP ANNOUNCES LOAN PORTFOLIO SALE.PACWEST BANCORP - HAS AGREED TO SELL CASH FLOW LOANS WITH AN AGGREGATE CARRYING VALUE OF $1.49 BILLION AS OF NOVEMBER 30, 2017.PACWEST BANCORP - ‍ EXPECTS TO RECOGNIZE A PRE-TAX GAIN OF APPROXIMATELY $13 MILLION FROM SALE​.PACWEST BANCORP - EXPECTS TO SELL ADDITIONAL PORTFOLIO OF PERFORMING TECHNOLOGY CASH FLOW LOANS OF ABOUT $152 MILLION PRIOR TO YEAR-END.PACWEST BANCORP - WILL RETAIN NINE NON-SECURITY RELATED CASH FLOW LENDING RELATIONSHIPS WITH AN AGGREGATE CARRYING VALUE OF APPROXIMATELY $100 MILLION.PACWEST - WILL CONSIDER OPTIONS FOR REDEPLOYING LIQUIDITY GENERATED BY DEAL, INCLUDING POTENTIALLY REPLACING CURRENT $150 MILLION SHARE REPURCHASE PROGRAM.PACWEST BANCORP - ‍IN CONNECTION WITH DEAL, EXITING COMMERCIAL LENDING ORIGINATION OPERATIONS RELATED TO HEALTHCARE, TECHNOLOGY AND GENERAL CASH FLOWS​.PACWEST BANCORP - ‍IN CONNECTION WITH SALE OF PORTFOLIO, RETAINING SECURITY CASH FLOW BUSINESS​.  Full Article

Pacwest Bancorp board amends existing repurchase program
Thursday, 16 Nov 2017 05:10pm EST 

Nov 16 (Reuters) - Pacwest Bancorp ::Pacwest Bancorp - ‍on Nov 15, board amended existing repurchase program to reduce authorized repurchase amount, extend program maturity to Dec 31, 2018​.Pacwest Bancorp says ‍amended authorized repurchase amount is $150 million​ - SEC filing.  Full Article

PacWest Bancorp reports Q3 earnings per share of $0.84
Tuesday, 17 Oct 2017 07:00am EDT 

Oct 17 (Reuters) - PacWest Bancorp :PacWest Bancorp announces results for the third quarter 2017.Q3 earnings per share $0.84.Q3 earnings per share view $0.75 -- Thomson Reuters I/B/E/S.PacWest Bancorp - ‍net interest income decreased by $0.8 million to $241.7 million for Q3 of 2017 compared to $242.5 million for Q2 of 2017​.  Full Article

Pacwest Bancorp Q2 earnings per share $0.77
Tuesday, 18 Jul 2017 07:00am EDT 

July 18 (Reuters) - Pacwest Bancorp ::Pacwest Bancorp announces results for the second quarter 2017.Q2 earnings per share $0.77.Q2 earnings per share view $0.71 -- Thomson Reuters I/B/E/S.Pacwest Bancorp - qtrly ‍tax equivalent net interest margin increased five basis points to 5.21 pct​.Pacwest Bancorp - qtrly ‍net interest income increased by $10.0 million to $242.5 million in q2 of 2017 compared to $232.5 million in q1 of 2017​.  Full Article

PacWest Bancorp Q1 earnings per share $0.65
Monday, 17 Apr 2017 07:00am EDT 

April 17 (Reuters) - Pacwest Bancorp ::PacWest Bancorp announces results for the first quarter 2017.Q1 earnings per share $0.65.Q1 earnings per share view $0.72 -- Thomson Reuters I/B/E/S.PacWest Bancorp - net interest income decreased by $15.9 million to $232.5 million in q1 of 2017 compared to $248.3 million in q4 of 2016.  Full Article

CU Bancorp to pay $26.5 mln fee to Pacwest if merger terminated
Thursday, 6 Apr 2017 07:23am EDT 

CU Bancorp :CU Bancorp - merger agreement provides that CUB will be obligated to pay a termination fee of $26.5 million to Pacwest - SEC filing.  Full Article

PacWest Bancorp, CU Bancorp agree to merge for about $705 mln
Thursday, 6 Apr 2017 06:30am EDT 

PacWest Bancorp : PacWest Bancorp and CU Bancorp agree to merge . PacWest Bancorp - transaction valued at approximately $705 million . PacWest Bancorp - transaction was approved by PacWest and CU Bancorp boards of directors . PacWest Bancorp - CU Bancorp shareholders will receive 0.5308 shares of PacWest common stock and $12.00 in cash for each share of CU Bancorp . PacWest Bancorp - total value of merger consideration is $39.45 per CU Bancorp share . PacWest Bancorp - total value of merger consideration is $39.45 per CU Bancorp share .PacWest Bancorp - in connection with transaction, California united bank will be merged into pacific western bank.  Full Article

PacWest Bancorp Q4 earnings per share $0.71
Thursday, 19 Jan 2017 07:00am EST 

PacWest Bancorp : Says Q4 net interest income rose $13.7 million from Q3 to $248.3 million . PacWest Bancorp announces results for the fourth quarter and full year 2016 . Q4 earnings per share $0.71 . Q4 earnings per share view $0.71 -- Thomson Reuters I/B/E/S .Qtrly net earnings of $85.6 million.  Full Article

Quarter Group says enters into sale-leaseback deal with Pacific Western Bank
Wednesday, 16 Nov 2016 09:00am EST 

Quarter Group LLC : Quarter group enters into sale-leaseback transaction with pacific western bank . Quarter group-has entered into a definitive agreement with pacific western bank to acquire and leaseback four bank-owned properties in california .Quarter group, llc-will acquire four properties for approximately $12 million.  Full Article

PacWest bancorp declares quarterly cash dividend
Monday, 1 Aug 2016 08:00am EDT 

PacWest Bancorp :Declared a quarterly cash dividend of $0.50 per common share payable on August 31, 2016 to stockholders.  Full Article

BRIEF-PacWest Bancorp Announces Loan Portfolio Sale

* PACWEST BANCORP - HAS AGREED TO SELL CASH FLOW LOANS WITH AN AGGREGATE CARRYING VALUE OF $1.49 BILLION AS OF NOVEMBER 30, 2017