Pacwest Bancorp (PACW) Reports Q3 EPS of $0.94

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PacWest Bancorp Announces Results for the Third Quarter 2018

October 16, 2018 7:01 AM EDT

Highlights

Net Earnings of $116.3 Million, or $0.94 Per Diluted ShareTax Equivalent Net Interest Margin of 4.99% for Q3 and 5.09% YTD 2018New Loan and Lease Production of $1.3 Billion; $345 Million of Net Loan GrowthNet Charge-offs 48% Lower for YTD 2018 Compared to Same Period in 2017 Core Deposits Steady at 87% of Total DepositsAnnounced Agreement to Acquire El Dorado Savings Bank, F.S.B.

LOS ANGELES, Oct. 16, 2018 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq:... More