Pacwest Bancorp (PACW) Tops Q3 EPS by 6c; $400M Buyback Plan
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PacWest Bancorp Announces Results for the Third Quarter 2016 and $400 Million Stock Repurchase Authorization
October 18, 2016 7:00 AM EDTHighlights
Net Earnings of $93.9 Million, or $0.77 Per Diluted Share New Loan and Lease Production of $1.1 Billion for the Quarter; $101 Million of Net Loan GrowthCore Deposit Increase of $599 Million during the Quarter Representing 77% of Total DepositsTax Equivalent Net Interest Margin of 5.26%; Core Tax Equivalent Net Interest Margin of 5.08%LOS ANGELES, Oct. 18, 2016 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) today announced net earnings for the third quarter of 2016 of... More
