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.

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 Data and Metrics

PacWest Bancorp Financial Metrics

PacWest Bancorp's revenue was reported to be $1 b in FY, 2016 which is a 15% increase from the previous period.
USD

Revenue (FY, 2016)

1 b

Revenue growth (FY, 2015 - FY, 2016), %

15%

Gross profit (FY, 2016)

961.3 m

Gross profit margin (FY, 2016), %

95%

Net income (FY, 2016)

352.2 m

EBIT (FY, 2016)

961.3 m

Market capitalization (20-Jul-2017)

5.8 b

Closing share price (20-Jul-2017)

49.2

Cash (31-Dec-2016)

419.7 m

EV

5.8 b
PacWest Bancorp's current market capitalization is $5.8 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

Gross profit Margin, %

96%100%93%95%

Sales and marketing expense

251.9 m

R&D expense

24.4 m

Operating expense total

230.7 m382 m450.1 m

EBIT

75.5 m170.5 m480.1 m961.3 m

EBIT margin, %

24%24%54%95%

Pre tax profit

12.6 m480.1 m557.9 m

Income tax expense

(30 m)(9.1 m)(180.5 m)(205.8 m)

Net Income

45.1 m168.9 m299.6 m352.2 m
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

Total Assets

6.5 b16.2 b21.3 b21.9 b

Accounts Payable

15.9 b

Total Debt

440.7 m

Total Liabilities

17.4 b

Common Stock

1 m1.2 m

Additional Paid-in Capital

1.3 b3.8 b4.4 b4.2 b

Retained Earnings

(454.4 m)(285.5 m)13.9 m366.1 m

Total Equity

809.1 m3.5 b4.4 b4.5 b

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0 x

Financial Leverage

8.1 x4.6 x4.8 x4.9 x
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)

Dividends Paid

(41 m)

Cash From Financing Activities

(480.2 m)(722.9 m)131.9 m400.6 m

Interest Paid

13.3 m34.8 m65.9 m54.4 m
USDY, 2016

EV/EBIT

6 x

EV/CFO

10 x

Revenue/Employee

608.3 k

Debt/Equity

0.1 x

Financial Leverage

4.9 x

PacWest Bancorp Market Value History

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