Company Quick10K Filing
PacWest Bancorp
10-Q 2020-03-31 Filed 2020-05-08
10-K 2019-12-31 Filed 2020-02-28
10-Q 2019-09-30 Filed 2019-11-07
10-Q 2019-06-30 Filed 2019-08-08
10-Q 2019-03-31 Filed 2019-05-09
10-K 2018-12-31 Filed 2019-02-27
10-Q 2018-09-30 Filed 2018-11-07
10-Q 2018-06-30 Filed 2018-08-08
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-01
10-Q 2017-09-30 Filed 2017-11-07
10-Q 2017-06-30 Filed 2017-08-08
10-Q 2017-03-31 Filed 2017-05-10
10-K 2016-12-31 Filed 2017-03-01
10-Q 2016-09-30 Filed 2016-11-07
10-Q 2016-06-30 Filed 2016-08-09
10-Q 2016-03-31 Filed 2016-05-09
10-K 2015-12-31 Filed 2016-02-29
10-Q 2015-09-30 Filed 2015-11-09
10-Q 2015-06-30 Filed 2015-08-10
10-Q 2015-03-31 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-03-02
10-Q 2014-09-30 Filed 2014-11-10
10-Q 2014-06-30 Filed 2014-08-11
10-Q 2014-03-31 Filed 2014-05-12
10-K 2013-12-31 Filed 2014-03-03
10-Q 2013-09-30 Filed 2013-11-08
10-Q 2013-06-30 Filed 2013-08-09
10-Q 2013-03-31 Filed 2013-05-09
10-K 2012-12-31 Filed 2013-03-01
10-Q 2012-09-30 Filed 2012-11-08
10-Q 2012-06-30 Filed 2012-08-09
10-Q 2012-03-31 Filed 2012-05-10
10-K 2011-12-31 Filed 2012-03-14
10-Q 2011-09-30 Filed 2011-11-08
10-Q 2011-06-30 Filed 2011-08-08
10-Q 2011-03-31 Filed 2011-05-09
10-K 2010-12-31 Filed 2011-03-15
10-Q 2010-09-30 Filed 2010-11-08
10-Q 2010-06-30 Filed 2010-08-06
10-Q 2010-03-31 Filed 2010-05-05
10-K 2009-12-31 Filed 2010-03-15
8-K 2020-04-21 Earnings, Other Events, Exhibits
8-K 2020-03-16 Regulation FD, Exhibits
8-K 2020-02-12 Officers, Other Events, Exhibits
8-K 2020-01-29 Regulation FD, Exhibits
8-K 2020-01-21 Earnings, Exhibits
8-K 2019-11-06 Regulation FD, Exhibits
8-K 2019-10-25 Officers, Amend Bylaw, Exhibits
8-K 2019-10-16
8-K 2019-08-06 Regulation FD, Exhibits
8-K 2019-07-16 Earnings, Exhibits
8-K 2019-05-13 Shareholder Vote
8-K 2019-04-29 Regulation FD, Exhibits
8-K 2019-04-24 Exhibits
8-K 2019-04-16 Earnings, Exhibits
8-K 2019-02-24 Other Events
8-K 2019-01-30 Regulation FD, Exhibits
8-K 2019-01-17 Earnings, Exhibits
8-K 2019-01-09 Other Events, Exhibits
8-K 2018-11-06 Regulation FD, Other Events, Exhibits
8-K 2018-10-16 Earnings, Other Events, Exhibits
8-K 2018-09-11 Other Events, Exhibits
8-K 2018-08-03 Regulation FD, Exhibits
8-K 2018-07-17 Earnings, Exhibits
8-K 2018-05-14 Officers, Shareholder Vote
8-K 2018-05-04 Regulation FD, Exhibits
8-K 2018-04-27 Officers, Other Events, Exhibits
8-K 2018-04-24 Other Events, Exhibits
8-K 2018-04-17 Earnings, Exhibits
8-K 2018-02-14 Officers, Other Events, Exhibits
8-K 2018-01-31 Regulation FD, Exhibits
8-K 2018-01-18 Earnings, Exhibits

PacWest Bancorp Financials

PACW Metrics, Comps, Filings

Quarterly | Annual

Business

PacWest Bancorp, a Delaware corporation, is a bank holding company registered under the BHCA with our corporate headquarters located in Beverly Hills, California. Our principal business is to serve as the holding company for our wholly-owned subsidiary, Pacific Western Bank. References to "Pacific Western" or the "Bank" refer to Pacific Western Bank together with its wholly-owned subsidiaries. References to "we," "us," or the "Company" refer to PacWest Bancorp together with its subsidiaries on a consolidated basis. When we refer to "PacWest" or to the "holding company," we are referring to PacWest Bancorp, the parent company, on a stand-alone basis.

The Bank is focused on relationship-based business banking to small, middle-market, and venture-backed businesses nationwide. The Bank offers a broad range of loan and lease and deposit products and services through 74 full-service branches located throughout the state of California, one branch located in Durham, North Carolina, and numerous loan production offices across the country through our Community Banking, National Lending and Venture Banking groups. Community Banking provides real estate loans, commercial loans, and comprehensive deposit and treasury management services to small and medium-sized businesses conducted primarily through our California-based branch offices. National Lending provides asset-based, equipment, real estate, and security cash flow loans and treasury management services to established middle-market businesses on a national basis. Venture Banking offers loans and a comprehensive suite of financial services focused on entrepreneurial businesses and their venture capital and private equity investors, with offices located in key innovation hubs across the United States. In addition, we provide investment advisory and asset management services to select clients through Square 1 Asset Management, Inc., a wholly-owned subsidiary of the Bank and a SEC-registered investment adviser.

PacWest Bancorp was established in October 1999 and has achieved strong market positions by developing and maintaining extensive local relationships in the communities we serve. By leveraging our business model, service-driven focus, and presence in attractive markets, as well as maintaining a highly efficient operating model and robust approach to risk management, we have achieved significant and profitable growth, both organically and through disciplined acquisitions. We have successfully completed 29 acquisitions since 2000 which have contributed to our growth and expanded our market presence throughout the United States.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
First Horizon National (FHN) 5,154 0% 4.9 1% 43,718 38,722 1,333 0 331 750 3,658
Prosperity Bancshares (PB) 4,935 11.1 1% 22,093 17,966 0 0 246 406 4,514
Bank of The Ozarks (OZK) 4,754 6.5 2% 19,152 16,276 0 0 308 585 3,825
Western Alliance (WAL) 4,743 4.9 2% 26,324 23,401 0 0 492 785 3,871
First Financial (FFIN) 4,548 26.5 2% 8,114 6,909 0 0 123 172 4,548
CIT Group (CIT) 4,455 6.0 1% 51,403 45,370 0 0 491 1,499 9,053
Pinnacle Financial Partners (PNFP) 4,351 6.2 1% 27,548 23,253 0 0 400 702 4,351
PacWest Bancorp (PACW) 4,294 0% 5.7 2% 26,725 21,805 1,042 0 466 839 4,811
Webster Financial (WBS) 4,189 0% 6.4 1% 29,895 26,743 157 0 391 688 4,435
Sterling Bancorp (STL) 4,168 0% 8.0 1% 30,078 25,557 20 0 435 852 6,797
Iberiabank (IBKC) 4,053 7.1 1% 31,735 27,451 0 0 302 636 4,516
United Bankshares (UBSI) 3,949 11.0 1% 19,751 16,397 0 0 261 511 5,622
Wintrust Financial (WTFC) 3,774 0% 4.3 1% 34,912 31,372 1,088 0 349 780 3,325
Glacier Bancorp (GBCI) 3,727 0% 11.3 1% 13,719 11,765 55 0 203 294 3,320
FNB (FNB) 3,714 5.7 1% 34,329 29,509 0 0 392 778 4,445
Valley National Bancorp (VLY) 3,707 5.8 1% 33,766 30,207 0 0 349 937 5,460
First Hawaiian (FHB) 3,620 0% 6.6 1% 20,598 17,944 580 0 217 373 2,476
Bank of Hawaii (BOH) 3,497 11.5 1% 17,672 16,381 0 0 168 281 3,236
Hancock Whitney (HWC) 3,479 13.1 0% 30,544 26,957 0 0 0 249 3,258
Associated BancCorp (ASB) 3,366 0% 5.4 1% 32,596 28,676 923 0 255 629 3,403

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash151167296134123160164132219144147342363261324392641236417520445540495296287270398548452382386557608736
Accounts Receivable
Inventory
PP&E232323232218601934337730403885363636944039399829292995343534105383838
Assets5,3955,4945,5285,4485,3225,5395,4645,3006,7096,6176,5336,51815,68515,93816,23516,64416,69716,81421,28821,03121,14721,31521,87021,92722,24722,24324,99524,14924,53024,78225,73126,32426,34426,725
Accounts Payable
Long-Term Debt108111351351146536438461835536225519185419065395415425555751,1871,5131,3711,4811,9131,253
Liabilities4,8834,9544,9824,8984,7564,9544,8754,7105,9075,8015,7245,68412,24712,46012,72813,11113,14613,23216,89116,57416,63416,77317,39117,41917,68717,63220,01719,28219,75220,04020,90621,53321,49221,805
Stockholders' Equity5395465505665845895908028168098343,4383,4783,5063,5333,5513,5824,3984,4574,5134,5434,4794,5084,5604,6114,9784,8674,7784,7424,8264,7914,8524,920
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue00137316328330336365341
Cost of Revenue
Gross Profit
R&D
SG&A
Tax99-1131012238211915154242464540495850485048116386245424139435042
Net Income1313145161620134243251162717385707290829486799410184118116116115113128110
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating4711392345261624-1627239718512615312419113214215715014342173126136171157152128
Cash Investing6751146-7851109213388199-0559-409127-561201341-226-122-951-219-288-61601891-529-364-30979-235
Cash Financing15-223-19692-93-168-142-103-68-32-1,071182197361-3132-231-3501060681-48237-130-598-877262137328-157