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 office in Beverly Hills
Beverly Hills, US

PacWest Bancorp Metrics

PacWest Bancorp Summary

Market capitalization

$6.3 b

Closing share price

$54.8
PacWest Bancorp's current market capitalization is $6.3 b.

PacWest Bancorp Financials

PacWest Bancorp's revenue is $1 b in FY, 2016 which is a 14.9% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$309.9 m$704.8 m$883.9 m$1 b

Revenue growth, %

127.4%25.4%14.9%

EBIT

$75.5 m$170.5 m$480.1 m

Net Income

$45.1 m$168.9 m$299.6 m$352.2 m

Operating cash flow

($17 m)$165.8 m$83.3 m

PacWest Bancorp Market Value History

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