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PacWest Bancorp (PACW.OQ)

PACW.OQ on NASDAQ Stock Exchange Global Select Market

48.27USD
15 Dec 2017
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342,475
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Latest Key Developments (Source: Significant Developments)

PacWest Bancorp Announces Loan Portfolio Sale
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Pacwest Bancorp ::PACWEST BANCORP ANNOUNCES LOAN PORTFOLIO SALE.PACWEST BANCORP - HAS AGREED TO SELL CASH FLOW LOANS WITH AN AGGREGATE CARRYING VALUE OF $1.49 BILLION AS OF NOVEMBER 30, 2017.PACWEST BANCORP - ‍ EXPECTS TO RECOGNIZE A PRE-TAX GAIN OF APPROXIMATELY $13 MILLION FROM SALE​.PACWEST BANCORP - EXPECTS TO SELL ADDITIONAL PORTFOLIO OF PERFORMING TECHNOLOGY CASH FLOW LOANS OF ABOUT $152 MILLION PRIOR TO YEAR-END.PACWEST BANCORP - WILL RETAIN NINE NON-SECURITY RELATED CASH FLOW LENDING RELATIONSHIPS WITH AN AGGREGATE CARRYING VALUE OF APPROXIMATELY $100 MILLION.PACWEST - WILL CONSIDER OPTIONS FOR REDEPLOYING LIQUIDITY GENERATED BY DEAL, INCLUDING POTENTIALLY REPLACING CURRENT $150 MILLION SHARE REPURCHASE PROGRAM.PACWEST BANCORP - ‍IN CONNECTION WITH DEAL, EXITING COMMERCIAL LENDING ORIGINATION OPERATIONS RELATED TO HEALTHCARE, TECHNOLOGY AND GENERAL CASH FLOWS​.PACWEST BANCORP - ‍IN CONNECTION WITH SALE OF PORTFOLIO, RETAINING SECURITY CASH FLOW BUSINESS​.  Full Article

Pacwest Bancorp board amends existing repurchase program
Friday, 17 Nov 2017 

Nov 16 (Reuters) - Pacwest Bancorp ::Pacwest Bancorp - ‍on Nov 15, board amended existing repurchase program to reduce authorized repurchase amount, extend program maturity to Dec 31, 2018​.Pacwest Bancorp says ‍amended authorized repurchase amount is $150 million​ - SEC filing.  Full Article

PacWest Bancorp reports Q3 earnings per share of $0.84
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - PacWest Bancorp :PacWest Bancorp announces results for the third quarter 2017.Q3 earnings per share $0.84.Q3 earnings per share view $0.75 -- Thomson Reuters I/B/E/S.PacWest Bancorp - ‍net interest income decreased by $0.8 million to $241.7 million for Q3 of 2017 compared to $242.5 million for Q2 of 2017​.  Full Article

PacWest bancorp declares quarterly cash dividend
Monday, 1 Aug 2016 

PacWest Bancorp :Declared a quarterly cash dividend of $0.50 per common share payable on August 31, 2016 to stockholders.  Full Article

PacWest Bancorp Q2 earnings per share $0.68
Friday, 15 Jul 2016 

Pacwest Bancorp : Pacwest Bancorp announces results for the second quarter 2016 . Q2 earnings per share $0.68 . Q2 earnings per share view $0.69 -- Thomson Reuters I/B/E/S . Net interest income decreased by $10.8 million to $233.8 million in Q2 of 2016 compared to $244.6 million for Q1 of 2016 .Tax equivalent NIM for Q2 of 2016 was 5.33% compared to 5.53% for Q1 of 2016.  Full Article

PacWest Bancorp announces quarterly dividend
Monday, 2 May 2016 

PacWest Bancorp:Board of Directors has declared a quarterly cash dividend of $0.50 per common share.Cash dividend is payable on May 31, 2016 to stockholders of record date as on May 16, 2016.  Full Article

BRIEF-PacWest Bancorp Announces Loan Portfolio Sale

* PACWEST BANCORP - HAS AGREED TO SELL CASH FLOW LOANS WITH AN AGGREGATE CARRYING VALUE OF $1.49 BILLION AS OF NOVEMBER 30, 2017