Pacwest Bancorp (PACW) Tops Q4 EPS by 3c

Pacwest Bancorp (NASDAQ: PACW) reported Q4 EPS of $0.70, ex-items, $0.03 better than the analyst estimate of $0.67.

Fourth quarter highlights:

• Square 1 Acquisition Closed October 6, 2015
• Net Earnings of $71.8 Million, or $0.60 Per Diluted Share; Adjusted Net Earnings of $83.9 Million, or $0.70 Per Diluted Share
• New Loan and Lease Production of $1.4 Billion for the Quarter
• Core Deposits Increased $3.8 Billion for the Quarter and Represented 67% of Total Deposits
• Core Tax Equivalent Net Interest Margin of 5.10%

For earnings history and earnings-related data on Pacwest Bancorp (PACW) click here.

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