Pacwest Bancorp (PACW) Misses Q1 EPS by 6c

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PacWest Bancorp Announces Results for the First Quarter 2017

April 17, 2017 7:00 AM EDT

Highlights

Net Earnings of $78.7 Million, or $0.65 Per Diluted Share New Loan and Lease Production of $1.0 Billion; $101 Million of Net Loan GrowthCore Deposits Increase of $245 Million and Represent 78% of Total DepositsTax Equivalent Net Interest Margin of 5.16%; Tax Equivalent Net Interest Margin Excluding Acquired Loan Discount Accretion of 5.02%

LOS ANGELES, April 17, 2017 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) today announced net earnings for first quarter of 2017 of... More