Company Quick10K Filing
PacWest Bancorp
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 120 $4,529
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-02-27 Annual: 2018-12-31
10-Q 2018-11-07 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-10 Quarter: 2018-03-31
10-K 2018-03-01 Annual: 2017-12-31
10-Q 2017-11-07 Quarter: 2017-09-30
10-Q 2017-08-08 Quarter: 2017-06-30
10-Q 2017-05-10 Quarter: 2017-03-31
10-K 2017-03-01 Annual: 2016-12-31
10-Q 2016-11-07 Quarter: 2016-09-30
10-Q 2016-08-09 Quarter: 2016-06-30
10-Q 2016-05-09 Quarter: 2016-03-31
10-K 2016-02-29 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-10 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-02 Annual: 2014-12-31
10-Q 2014-11-10 Quarter: 2014-09-30
10-Q 2014-08-11 Quarter: 2014-06-30
10-Q 2014-05-12 Quarter: 2014-03-31
10-K 2014-03-03 Annual: 2013-12-31
10-Q 2013-11-08 Quarter: 2013-09-30
10-Q 2013-08-09 Quarter: 2013-06-30
10-Q 2013-05-09 Quarter: 2013-03-31
10-K 2013-03-01 Annual: 2012-12-31
10-Q 2012-11-08 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-03-14 Annual: 2011-12-31
10-Q 2011-11-08 Quarter: 2011-09-30
10-Q 2011-08-08 Quarter: 2011-06-30
10-Q 2011-05-09 Quarter: 2011-03-31
10-K 2011-03-15 Annual: 2010-12-31
10-Q 2010-11-08 Quarter: 2010-09-30
10-Q 2010-08-06 Quarter: 2010-06-30
10-Q 2010-05-05 Quarter: 2010-03-31
10-K 2010-03-15 Annual: 2009-12-31
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

Annual | Quarterly

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, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
BOK Financial (BOKF) 5,592 4.5 1% 41,893 37,175 0 0 474 950 4,256
Synovus Financial (SNV) 5,390 0% 6.7 1% 47,318 42,564 112 0 490 982 6,545
Popular (BPOP) 5,130 4.1 1% 50,617 44,897 0 0 586 1,155 4,731
First Citizens Bancshares (FCNCA) 4,982 0% 9.5 1% 37,655 34,080 87 0 438 498 4,716
CIT Group (CIT) 4,942 6.3 1% 50,558 44,642 0 0 480 1,525 9,596
Bank of The Ozarks (OZK) 4,754 6.5 2% 19,152 16,276 0 0 308 585 3,825
First Horizon National (FHN) 4,674 0% 4.0 1% 42,172 37,246 1,935 0 590 1,166 4,674
Prosperity Bancshares (PB) 4,580 8.0 1% 22,375 18,247 0 0 331 535 4,278
PacWest Bancorp (PACW) 4,529 0% 7.1 2% 26,344 21,492 1,040 0 472 822 5,834
Western Alliance (WAL) 4,495 4.6 2% 25,315 22,464 0 0 484 740 3,428
Pinnacle Financial Partners (PNFP) 4,360 6.0 1% 26,540 22,364 0 0 383 731 4,360
Sterling Bancorp (STL) 4,324 0% 9.6 1% 30,238 25,778 26 0 432 842 8,115
Webster Financial (WBS) 4,190 0% 6.8 1% 28,942 25,877 208 0 397 666 4,511
First Financial (FFIN) 4,187 19.5 2% 7,979 6,815 0 0 159 215 4,187
Wintrust Financial (WTFC) 4,141 0% 5.2 1% 33,642 30,195 1,055 0 342 736 3,840
Iberiabank (IBKC) 4,023 5.7 1% 31,447 27,209 0 0 433 805 4,609
FNB (FNB) 3,765 6.0 1% 33,903 29,150 0 0 390 765 4,604
United Bankshares (UBSI) 3,716 10.6 1% 19,883 16,549 0 0 259 498 5,264
First Hawaiian (FHB) 3,461 0% 6.9 1% 20,526 17,867 752 0 270 462 3,177
Valley National Bancorp (VLY) 3,439 5.4 1% 33,028 29,524 0 0 336 889 4,784

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash29652232428687877
Accounts Receivable
Inventory
PP&E2320778539393235
Assets5,5286989433,6414,55121,87024,99525,731
Accounts Payable
Long-Term Debt131143836225394671,371
Liabilities4,982109134211613620,01720,906
Stockholders' Equity5465898093,5064,3984,4794,9784,826
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue50531372152611,310
Cost of Revenue
Gross Profit
R&D
SG&A
Tax37-328517134197168
Net Income515745169300352358465
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating1704347216379358484608
Cash Investing99-21227-642-95933-917
Cash Financing-82-49-54-141-274-281-538296