Pacwest Bancorp (PACW) Misses Q3 EPS by 3c

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PacWest Bancorp Announces Results for the Third Quarter of 2015

October 15, 2015 7:00 AM EDT

Highlights

Net Earnings of $69.6 Million, or $0.68 Per Diluted Share; Adjusted Net Earnings of $65.2 Million, or $0.63 Per Diluted Share New Loan and Lease Production of $1.1 Billion; Annualized Growth Rate of 14%Core Deposits Increased $230.6 Million in the Quarter and Represent 56% of Total DepositsCore Tax Equivalent Net Interest Margin of 5.19%Square 1 Merger Closed October 6, 2015

LOS ANGELES, Oct. 15, 2015 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) (PacWest) today announced net... More