Market Summary
USD9.88+0.33
Market Closed3.46%
PACW Stock Price
PACW RSI Chart
PACW Valuation
PACW Price/Sales (Trailing)
PACW Profitability
PACW Fundamentals
PACW Revenue
PACW Earnings
Price Action
52 Week Range
5.0044.92
(Low)(High)
Last 7 days
-3.9%
Last 30 days
-65.1%
Last 90 days
-55.3%
Trailing 12 Months
-77.5%
PACW Financial Health
PACW Investor Care
Peers (Alternatives to PacWest Bancorp)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
JPM | 380.5B | 128.7B | -8.83% | -7.16% | 10.1 | 2.96 | 5.79% | -22.05% |
BAC | 227.8B | 95.0B | -16.18% | -33.23% | 8.28 | 2.4 | 6.55% | -13.92% |
WFC | 142.3B | 54.0B | -19.63% | -27.36% | 10.79 | 2.63 | 36.10% | -38.82% |
USB | 52.3B | 17.9B | -26.81% | -37.12% | 8.98 | 2.91 | 33.05% | -26.85% |
PNC | 51.3B | 21.1B | -21.12% | -34.60% | 8.39 | 2.43 | 9.94% | 6.78% |
FHN | 9.3B | 2.7B | -29.87% | -24.08% | 10.28 | 3.45 | 24.33% | -9.91% |
| MID-CAP | ||||||||
CFR | 6.6B | 1.5B | -21.40% | -29.54% | 11.41 | 4.48 | 46.29% | 30.71% |
BOKF | 6.5B | 1.4B | -17.79% | -12.61% | 12.52 | 4.68 | 17.98% | -15.83% |
ZION | 4.4B | 2.7B | -41.66% | -57.49% | 4.81 | 1.61 | 19.32% | -19.66% |
PNFP | 4.2B | 1.4B | -26.53% | -42.25% | 7.47 | 3.05 | 33.23% | 6.34% |
| SMALL-CAP | ||||||||
PRK | 2.0B | 378.2M | -3.68% | -6.28% | 13.41 | 5.26 | 19.24% | -3.63% |
TRMK | 1.6B | 541.8M | -15.13% | -17.79% | 21.64 | 2.87 | 22.45% | -51.22% |
WABC | 1.2B | 221.8M | -16.95% | -24.27% | 10.16 | 5.59 | 27.86% | 41.07% |
HOPE | 1.2B | 716.1M | -20.98% | -36.78% | 5.59 | 1.7 | 26.40% | 6.70% |
Financials for PacWest Bancorp
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 11.3% | 1,556 | 1,398 | 1,278 | 1,208 | 1,159 |
| EBITDA | -4.9% | 1,912 | 2,010 | 1,963 | 1,985 | - |
| EBITDA Margin | -14.6% | 1.23* | 1.44* | 1.54* | 1.64* | - |
| Earnings Before Taxes | -17.5% | 568 | 688 | 701 | 780 | 822 |
| EBT Margin | -25.9% | 0.36* | 0.49* | 0.55* | 0.65* | - |
| Interest Expenses | 1.8% | 1,291 | 1,268 | 1,209 | 1,151 | 1,104 |
| Net Income | -17.0% | 424 | 510 | 519 | 577 | 607 |
| Net Income Margin | -25.4% | 0.27* | 0.36* | 0.41* | 0.48* | - |
| Free Cahsflow | 14.7% | 682 | 594 | 521 | 468 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -0.4% | 41,229 | 41,405 | 40,951 | 39,250 | 40,443 |
| Cash Equivalents | -9.0% | 2,240 | 2,461 | 2,390 | 2,071 | 4,057 |
| Net PPE | 7.0% | 54.00 | 51.00 | 51.00 | 51.00 | 47.00 |
| Goodwill | -2.1% | 1,377 | 1,406 | 1,406 | 1,406 | 1,406 |
| Liabilities | -0.7% | 37,278 | 37,529 | 36,972 | 35,599 | 36,444 |
| Long Term Debt | -5.4% | 1,764 | 1,865 | 1,592 | 991 | - |
| Shareholder's Equity | 1.9% | 3,951 | 3,876 | 3,978 | 3,651 | 4,000 |
| Retained Earnings | 2.9% | 1,421 | 1,381 | 1,259 | 1,136 | 1,016 |
| Additional Paid-In Capital | -0.8% | 2,928 | 2,950 | 2,971 | 2,991 | 3,013 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 15.1% | 702 | 610 | 544 | 490 | 503 |
| Share Based Compensation | 4.5% | 36.00 | 34.00 | 33.00 | - | - |
| Cashflow From Investing | 0.4% | -3,570 | -3,585 | -6,165 | -6,227 | -5,714 |
| Cashflow From Financing | -39.5% | 1,051 | 1,737 | 2,153 | 2,113 | 6,108 |
| Dividend Payments | 0.1% | 120 | 120 | 120 | 120 | 119 |
Risks for PACW
What is the probability of a big loss on PACW?
71.2%
Probability that PacWest Bancorp stock will be more than 20% underwater in next one year
55.8%
Probability that PacWest Bancorp stock will be more than 30% underwater in next one year.
46.1%
Probability that PacWest Bancorp stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does PACW drawdown profile look like?
Y-axis is the maximum loss one would have experienced if PacWest Bancorp was unfortunately bought at previous high price.
Drawdowns
Returns for PACW
Cumulative Returns on PACW
-6.4%
10-Year Cumulative Returns
-13.6%
7-Year Cumulative Returns
-24.1%
5-Year Cumulative Returns
-16.8%
3-Year Cumulative Returns
What are the long-term rolling returns for PACW?
FIve years rolling returns for PacWest Bancorp.
Annualized Returns
Which funds bought or sold PACW recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-23 | MetLife Investment Management, LLC | reduced | -1.94 | -7,138 | 1,701,490 | 0.01% |
2023-03-17 | American Portfolios Advisors | reduced | -44.12 | -1,908 | 1,718 | -% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -0.03 | 9,123 | 591,123 | -% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 2.38 | 73,000 | 1,905,000 | 0.01% |
2023-02-28 | Voya Investment Management LLC | added | 1.63 | 10,955 | 348,955 | -% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 15.21 | 64,000 | 435,000 | -% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | unchanged | - | 397 | 10,397 | -% |
2023-02-21 | NORTHWESTERN MUTUAL INVESTMENT MANAGEMENT COMPANY, LLC | reduced | -35.9 | -133,776 | 250,224 | 0.01% |
2023-02-21 | MACQUARIE GROUP LTD | reduced | -11.06 | -1,033,000 | 9,105,000 | 0.01% |
2023-02-16 | HARBOUR INVESTMENTS, INC. | unchanged | - | 275 | 275 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
PacWest Bancorp News
Schedule 13G FIlings of PacWest Bancorp
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 11.54% | 13,591,315 | SC 13G/A | |
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
| Feb 07, 2023 | state street corp | 5.10% | 6,010,920 | SC 13G/A | |
| Jan 23, 2023 | blackrock inc. | 10.3% | 12,107,010 | SC 13G/A | |
| Feb 09, 2022 | fmr llc | - | 0 | SC 13G | |
| Feb 03, 2022 | blackrock inc. | 8.5% | 9,909,030 | SC 13G/A | |
| Mar 10, 2021 | blackrock inc. | 10.2% | 11,897,314 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 10.24% | 11,964,264 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 9.9% | 11,502,567 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 10.42% | 12,326,999 | SC 13G/A |
PACW Fair Value
Recent SEC filings of PacWest Bancorp
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 23, 2023 | ARS | ARS | |
| Mar 23, 2023 | DEF 14A | DEF 14A | |
| Mar 23, 2023 | DEFA14A | DEFA14A | |
| Mar 22, 2023 | 8-K | Current Report | |
| Mar 20, 2023 | 8-K | Current Report | |
| Mar 13, 2023 | 4 | Insider Trading | |
| Mar 13, 2023 | 8-K | Current Report | |
| Mar 13, 2023 | 4 | Insider Trading | |
| Mar 13, 2023 | 4 | Insider Trading | |
| Mar 13, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for PACW
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-10 | LESTER SUSAN E | bought | 15,170 | 15.17 | 1,000 | - |
2023-03-10 | BLAKE CHRISTOPHER D | bought | 104,828 | 15.74 | 6,660 | pres. & ceo, community banking |
2023-03-10 | CARLSON CRAIG A | bought | 7,625 | 15.25 | 500 | - |
2023-03-10 | WAGNER MATTHEW P | bought | 293,251 | 21.12 | 13,885 | executive chairman |
2023-03-10 | CARLSON CRAIG A | bought | 7,535 | 15.07 | 500 | - |
2023-03-10 | EGGEMEYER JOHN M III | bought | 383,250 | 15.33 | 25,000 | - |
2023-03-10 | HOSLER C WILLIAM | bought | 49,410 | 21.96 | 2,250 | - |
2023-03-10 | YUNG MARK | bought | 48,019 | 15.254 | 3,148 | evp, chief operating officer |
2023-03-09 | Burke Paul Robert | bought | 19,870 | 19.87 | 1,000 | - |
2023-03-09 | Mudick Stephanie B | bought | 67,275 | 20.7 | 3,250 | - |
PacWest Bancorp operates as the bank holding company for Pacific Western Bank that provides various 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, renovation, and construction of commercial real estate properties; small business administration loans; asset-based loans for working capital needs; venture capital loans to support the operations of entrepreneurial and venture-backed companies; and equipment-secured loans and leases. 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 and multi-state deposit services; money market sweep products; investment advisory and asset management services; treasury and cash management services; telephone banking, remote deposit, and online and mobile banking services; and automated teller machine services. The company offers its products and services to small and mid-sized companies, venture capital and private equity investors, professionals, and other individuals. As of February 1, 2022, it operated through 69 full-service branches located in California; one branch located in Durham, North Carolina; one branch located in Denver, Colorado; and various loan production offices. The company was formerly known as First Community Bancorp and changed its name to PacWest Bancorp in April 2008. PacWest Bancorp was founded in 1999 and is headquartered in Beverly Hills, California.
PACW Income Statement
2022-12-31Consolidated Statements of Earnings - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Interest income: | |||
| Loans and leases | $ 1,312,580 | $ 996,457 | $ 993,138 |
| Investment securities | 209,751 | 153,468 | 106,770 |
| Deposits in financial institutions | 34,158 | 8,804 | 3,583 |
| Total interest income | 1,556,489 | 1,158,729 | 1,103,491 |
| Interest expense: | |||
| Deposits | 200,449 | 27,808 | 59,663 |
| Borrowings | 25,645 | 623 | 8,161 |
| Subordinated debt | 39,633 | 26,474 | 21,109 |
| Total interest expense | 265,727 | 54,905 | 88,933 |
| Net interest income | 1,290,762 | 1,103,824 | 1,014,558 |
| Provision for credit losses | 24,500 | (162,000) | 339,000 |
| Net interest income after provision for credit losses | 1,266,262 | 1,265,824 | 675,558 |
| Noninterest income: | |||
| Other commissions and fees | 43,635 | 42,287 | 40,347 |
| Leased equipment income | 50,586 | 45,746 | 43,628 |
| Service charges on deposit accounts | 13,991 | 13,269 | 10,351 |
| Gain on sale of loans and leases | 518 | 1,733 | 2,139 |
| (Loss) gain on sale of securities | (50,321) | 1,615 | 13,171 |
| Dividends and (losses) gains on equity investments | (3,389) | 23,115 | 14,984 |
| Warrant income | 2,490 | 49,341 | 10,609 |
| Other income | 17,317 | 16,821 | 10,831 |
| Total noninterest income | 74,827 | 193,927 | 146,060 |
| Noninterest expense: | |||
| Compensation | 406,839 | 368,450 | 271,494 |
| Occupancy | 60,964 | 58,422 | 57,555 |
| Leased equipment depreciation | 35,658 | 35,755 | 28,865 |
| Data processing | 38,177 | 30,277 | 26,779 |
| Insurance and assessments | 25,486 | 17,365 | 22,625 |
| Other professional services | 30,278 | 21,492 | 19,917 |
| Customer related expense | 55,273 | 20,504 | 17,532 |
| Intangible asset amortization | 13,576 | 12,734 | 14,753 |
| Loan expense | 24,572 | 17,031 | 13,454 |
| Acquisition, integration and reorganization costs | 5,703 | 9,415 | 1,060 |
| Foreclosed assets income, net | (3,737) | (213) | (17) |
| Goodwill impairment | 29,000 | 0 | 1,470,000 |
| Other expense | 51,732 | 46,185 | 40,002 |
| Total noninterest expense | 773,521 | 637,417 | 1,984,019 |
| Earnings (loss) before income taxes | 567,568 | 822,334 | (1,162,401) |
| Income tax expense | (143,955) | (215,375) | (75,173) |
| Net earnings (loss) | $ 423,613 | $ 606,959 | $ (1,237,574) |
| Basic income per share (usd per share) | $ 3.37 | $ 5.10 | $ (10.61) |
| Diluted income per share (usd per share) | $ 3.37 | $ 5.10 | $ (10.61) |
| Preferred Stock Dividends, Income Statement Impact | $ 19,339 | $ 0 | $ 0 |
| Net Income (Loss) Available to Common Stockholders, Diluted | 404,274 | 606,959 | (1,237,574) |
| Net Income (Loss) Available to Common Stockholders, Basic | $ 404,274 | $ 606,959 | $ (1,237,574) |
PACW Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | |||||
|---|---|---|---|---|---|---|---|
| ASSETS: | |||||||
| Cash and due from banks | $ 212,273 | $ 112,548 | |||||
| Interest-earning deposits in financial institutions | 2,027,949 | 3,944,686 | |||||
| Total cash and cash equivalents | 2,240,222 | 4,057,234 | |||||
| Securities available-for-sale, at fair value | 4,843,487 | 10,694,458 | |||||
| Securities held-to-maturity, at amortized cost, net of allowance for credit losses | 2,269,135 | [1] | 0 | ||||
| Federal Home Loan Bank stock, at cost | 34,290 | 17,250 | |||||
| Total investment securities | 7,146,912 | 10,711,708 | |||||
| Loans held for sale | 65,076 | 0 | |||||
| Gross loans and leases held for investment | 28,726,016 | 23,026,308 | |||||
| Deferred fees, net | (116,887) | (84,760) | |||||
| Allowance for loan and lease losses | (200,732) | (200,564) | |||||
| Total loans and leases held for investment, net | [2] | 28,408,397 | 22,740,984 | ||||
| Equipment leased to others under operating leases | 404,245 | 339,150 | |||||
| Premises and equipment, net | 54,315 | 46,740 | |||||
| Foreclosed assets, net | 5,022 | 12,843 | |||||
| Goodwill | 1,376,736 | 1,405,736 | |||||
| Core deposit and customer relationship intangibles, net | 31,381 | 44,957 | |||||
| Other assets | 1,496,630 | 1,083,992 | |||||
| Total assets | 41,228,936 | 40,443,344 | |||||
| LIABILITIES: | |||||||
| Noninterest-bearing deposits | 11,212,357 | 14,543,133 | |||||
| Interest-bearing deposits | 22,723,977 | 20,454,624 | |||||
| Total deposits | 33,936,334 | 34,997,757 | |||||
| Borrowings (including $132,030 at fair value) | 1,764,030 | 0 | |||||
| Subordinated debt | 867,087 | 863,283 | |||||
| Accrued interest payable and other liabilities | 710,954 | 582,674 | |||||
| Total liabilities | 37,278,405 | 36,443,714 | |||||
| Commitments and contingencies | |||||||
| STOCKHOLDERS' EQUITY: | |||||||
| Preferred stock ($0.01 par value; 5,000,000 shares authorized; 513,250 Series A shares, | 498,516 | 0 | |||||
| Common stock ($0.01 par value, 200,000,000 shares authorized at December 31, 2021 and 2020; 122,105,853 and 120,736,834 shares issued, respectively, includes 2,312,080 and 1,608,126 shares of unvested restricted stock, respectively) | 1,230 | 1,221 | |||||
| Additional paid-in capital | 2,927,903 | 3,013,399 | |||||
| Retained earnings | 1,420,624 | 1,016,350 | |||||
| Treasury stock, at cost (2,778,500 and 2,520,999 shares at December 31, 2022 and 2021) | (106,839) | (97,308) | |||||
| Accumulated other comprehensive (loss) income, net | (790,903) | 65,968 | |||||
| Total stockholders' equity | 3,950,531 | 3,999,630 | |||||
| Total liabilities and stockholders' equity | $ 41,228,936 | $ 40,443,344 | |||||
| |||||||