Pacwest Bancorp (PACW) Tops Q1 EPS by 4c

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PacWest Bancorp Announces Results for the First Quarter 2016

April 14, 2016 7:01 AM EDT

Highlights

Net Earnings of $90.5 Million, or $0.74 Per Diluted Share New Loan and Lease Production of $842.1 Million for the QuarterCore Deposits Increased $399 Million during the Quarter and Represented 71% of Total DepositsCore Tax Equivalent Net Interest Margin of 5.10%

LOS ANGELES, April 14, 2016 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) today announced net earnings for the first quarter of 2016 of $90.5 million, or $0.74 per diluted share, compared to net earnings for the fourth quarter... More