PacWest Bancorp

PacWest Bancorp operates as the holding company for Pacific Western Bank that provides commercial banking products and services. The company accepts demand, money market, and time deposits. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, and construction of commercial real estate properties; cash flow loans to finance business acquisitions and recapitalization activities; small business administration loans; asset-based loans for working capital needs; equipment-secured loans and leases; and venture-backed loans to support the start-up operations of entrepreneurial companies. In addition, the company offers consumer loans comprising personal loans, auto loans, home equity lines of credit, revolving lines of credit, and other loans. Further, it provides international banking, multi-state deposit, and asset management services; money market sweep products; investment advisory services; treasury and cash management services; telephone banking, and on-line and mobile banking services; and foreign exchange and ATM services. The company offers its products and services to small and mid-sized companies, private equity investors, professionals, and other individuals. As of February 1, 2016, it had 80 full-service branches in the state of California; and a branch in Durham, North Carolina. The company was formerly known as First Community Bancorp and changed its name to PacWest Bancorp in April 2008.

Company Growth (employees)
Type
Public
HQ
Beverly Hills, US
Founded
1999
Size (employees)
1,669 (est)
PacWest Bancorp was founded in 1999 and is headquartered in Beverly Hills, US

PacWest Bancorp Office Locations

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

PacWest Bancorp Financials and Metrics

PacWest Bancorp Financials

PacWest Bancorp's revenue was reported to be $1 b in FY, 2016
USD

Net income (Q3, 2017)

101.5 m

EBIT (Q3, 2017)

241.7 m

Market capitalization (13-Nov-2017)

5.4 b

Cash (30-Sep-2017)

270 m
PacWest Bancorp's current market capitalization is $5.4 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

309.9 m704.8 m883.9 m1 b

Revenue growth, %

127%25%15%

Cost of goods sold

12.2 m2.6 m60.6 m54.6 m

Gross profit

297.7 m702.2 m823.3 m961.3 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

90.3 m93.1 m212.8 m218.7 m235.2 m238.1 m223.4 m293.8 m269.2 m274.8 m282.5 m294.8 m

Cost of goods sold

2.9 m2.3 m11.8 m13.5 m15.2 m15.9 m15.2 m14.6 m13.3 m13.2 m15 m17.1 m

Gross profit

87.4 m90.7 m201 m205.2 m219.9 m222.2 m208.3 m279.1 m255.9 m261.6 m267.6 m277.8 m

Gross profit Margin, %

97%97%94%94%94%93%93%95%95%95%95%94%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

147.4 m313.2 m396.5 m419.7 m

Accounts Receivable

161.6 m

PP&E

32.4 m36.6 m39.2 m38.6 m

Goodwill

208.7 m1.7 b2.2 b2.2 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

144 m342.1 m243.6 m260.9 m391.9 m640.6 m236.3 m519.5 m445.4 m540.4 m296.5 m287.5 m270 m

Inventories

1.6 b

PP&E

32.7 m29.9 m40.4 m38.4 m36 m36 m36.5 m39.7 m38.7 m39 m28.9 m29.1 m

Goodwill

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

    Net Income

    45.1 m168.9 m299.6 m352.2 m

    Depreciation and Amortization

    31.5 m39.2 m54 m32.9 m

    Cash From Operating Activities

    50.3 m332.1 m593.9 m581.1 m

    Cash From Investing Activities

    412.9 m556.6 m(642.5 m)(958.6 m)
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Net Income

    24.2 m25.1 m10.6 m62.3 m73.1 m158.2 m227.8 m90.5 m172.6 m266.5 m78.7 m172.3 m101.5 m

    Depreciation and Amortization

    1.7 m1.6 m10.6 m22.1 m33.2 m22.5 m43.8 m66.1 m8.5 m16 m

    Cash From Operating Activities

    126.5 m279 m403.3 m132.2 m274.2 m431.3 m143.2 m185.2 m

    Cash From Investing Activities

    (2 m)(2.3 m)(409.3 m)(282.5 m)(843.5 m)341.2 m114.9 m(7.2 m)(218.8 m)(507.2 m)
      Y, 2017

      Financial Leverage

      4.8 x
      Show all financial metrics

      PacWest Bancorp Operating Metrics

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

      Total Loans Issued

      $11.9 b$12.02 b$11.81 b$12.26 b$14.5 b$14.35 b$14.5 b$14.59 b$15.5 b$15.31 b$15.43 b

      Bank Branches

      8087

      ATMs

      25 k25 k25 k
      Show all operating metrics

      PacWest Bancorp Market Value History

      PacWest Bancorp's Web-traffic and Trends

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