OverviewSuggest Edit

PacWest Bancorp is a bank holding company with one wholly-owned banking subsidiary, Pacific Western Bank. Pacific Western provides commercial banking services, including real estate, construction, and commercial loans, and deposit and treasury management services to small and medium-sized businesses. It offers additional products and services under the brands of its business groups, CapitalSource and Square 1 Bank. CapitalSource provides cash flow, asset-based, equipment and real estate loans and treasury management services to established middle-market businesses on a national basis. Square 1 Bank focuses on entrepreneurial businesses and their venture capital and private equity investors.

TypePublic
Founded1999
HQBeverly Hills, US
Websitepacwestbancorp.com
Employee Ratings0

Latest Updates

Employees (est.) (Jan 2019)1,833(+3%)
Revenue (FY, 2018)$1.3 B(+29%)
Share Price (May 2019)$38.6 (+2%)

Key People/Management at PacWest Bancorp

Christopher D. Blake

Christopher D. Blake

Executive Vice President, Human Resources
Laird M. Boulden

Laird M. Boulden

Executive Vice President & President, CapitalSource
Mark A. Christian

Mark A. Christian

Executive Vice President, Operations & Systems
Bryan M. Corsini

Bryan M. Corsini

Executive Vice President & Chief Credit Officer
Stanley R. Ivie

Stanley R. Ivie

Executive Vice President & Chief Risk Officer
Bart R. Olson

Bart R. Olson

Executive Vice President & Chief Accounting Officer
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PacWest Bancorp Office Locations

PacWest Bancorp has an office in Beverly Hills
Beverly Hills, US (HQ)
9701 Wilshire Blvd #700
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PacWest Bancorp Financials and Metrics

PacWest Bancorp Revenue

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PacWest Bancorp's revenue was reported to be $1.31 b in FY, 2018
USD

Revenue (Q1, 2019)

335.6m

Gross profit (Q1, 2019)

285.9m

Gross profit margin (Q1, 2019), %

85.2%

Net income (Q1, 2019)

112.6m

EBIT (Q1, 2019)

254.9m

Market capitalization (21-May-2019)

4.6b

Closing stock price (21-May-2019)

38.6

Cash (31-Mar-2019)

224.8m

EV

4.9b
PacWest Bancorp's current market capitalization is $4.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2018

Revenue

314.2m704.8m883.9m1.0b1.3b

Revenue growth, %

127%25%15%

Cost of goods sold

12.2m2.6m60.6m54.6m120.8m

Gross profit

302.0m702.2m823.3m961.3m1.2b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

90.3m93.1m212.8m218.7m235.2m238.1m223.4m293.8m269.2m274.8m282.5m294.8m292.3m316.3m328.2m329.6m335.6m

Cost of goods sold

2.9m2.3m11.8m13.5m15.2m15.9m15.2m14.6m13.3m13.2m15.0m17.1m19.3m21.3m26.2m32.3m49.7m

Gross profit

87.4m90.7m201.0m205.2m219.9m222.2m208.3m279.1m255.9m261.6m267.6m277.8m273.1m295.1m302.0m297.2m285.9m

Gross profit Margin, %

97%97%94%94%94%93%93%95%95%95%95%94%93%93%92%90%85%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2018

Cash

147.4m313.2m396.5m419.7m175.8m

Accounts Receivable

161.6m

Inventories

PP&E

32.4m36.6m39.2m38.6m34.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q3, 2018Q1, 2019

Cash

144.0m342.1m243.6m260.9m391.9m640.6m236.3m519.5m445.4m540.4m296.5m287.5m270.0m196.5m224.8m

Inventories

1.6b

PP&E

32.7m29.9m40.4m38.4m36.0m36.0m36.5m39.7m38.7m39.0m28.9m29.1m34.0m37.8m

Goodwill

215.9m208.7m1.7b1.7b1.7b1.7b1.7b2.2b2.2b2.2b2.2b2.2b2.2b2.5b2.5b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2018

Net Income

45.1m168.9m299.6m352.2m465.3m

Depreciation and Amortization

31.5m39.2m54.0m32.9m35.2m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

24.2m25.1m10.6m62.3m73.1m158.2m227.8m90.5m172.6m266.5m78.7m172.3m273.8m118.3m234.0m350.3m112.6m

Depreciation and Amortization

1.7m1.6m10.6m22.1m33.2m22.5m43.8m66.1m8.5m16.0m23.8m8.8m17.5m25.8m9.3m

Cash From Operating Activities

50.6m147.3m126.5m279.0m403.3m132.2m274.2m431.3m143.2m185.2m358.2m136.0m306.5m463.8m151.9m

Cash From Investing Activities

(2.0m)(2.3m)(409.3m)(282.5m)(843.5m)341.2m114.9m(7.2m)(218.8m)(507.2m)(567.8m)890.6m361.7m(2.5m)(308.9m)
USDY, 2019

EV/EBIT

19.1 x

EV/CFO

32 x

Revenue/Employee

183.1k

Financial Leverage

5.5 x
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PacWest Bancorp Operating Metrics

PacWest Bancorp's Total Loans was reported to be $15.4b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

ATMs

25 k25 k25 k

Bank Branches

80 87

Total Loans

$11.90 b$12.02 b$11.81 b$12.26 b$14.50 b$14.35 b$14.50 b$14.59 b$15.50 b$15.31 b$15.43 b
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PacWest Bancorp News and Updates

PacWest Bancorp Announces Termination of Pending Acquisition Agreement With El Dorado Savings Bank

LOS ANGELES, Jan. 09, 2019 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) (“PacWest”) today announced the termination of the previously announced definitive agreement (the “Agreement”) to acquire El Dorado Savings Bank, F.S.B. (“El Dorado”). At the special meeting of El Dorado’s shareholders o…

PacWest Bancorp Frequently Asked Questions

  • When was PacWest Bancorp founded?

    PacWest Bancorp was founded in 1999.

  • Who are PacWest Bancorp key executives?

    PacWest Bancorp's key executives are Christopher D. Blake, Laird M. Boulden and Mark A. Christian.

  • How many employees does PacWest Bancorp have?

    PacWest Bancorp has 1,833 employees.

  • What is PacWest Bancorp revenue?

    Latest PacWest Bancorp annual revenue is $1.3 b.

  • What is PacWest Bancorp revenue per employee?

    Latest PacWest Bancorp revenue per employee is $714.8 k.

  • Who are PacWest Bancorp competitors?

    Competitors of PacWest Bancorp include Arrow Financial, CenterState Bank Corp and Sandy Spring Bancorp.

  • Where is PacWest Bancorp headquarters?

    PacWest Bancorp headquarters is located at 9701 Wilshire Blvd #700, Beverly Hills.

  • Where are PacWest Bancorp offices?

    PacWest Bancorp has an office in Beverly Hills.

  • How many offices does PacWest Bancorp have?

    PacWest Bancorp has 1 office.