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Stock impact report

Pacwest Bancorp Announces Results for the First Quarter 2018

PacWest Bancorp (PACW) 
Last pacwest bancorp earnings: 4/21 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: pacwestbancorp.com
Company Research Source: GlobeNewswire
Highlights Net Earnings of $118.3 Million, or $0.93 Per Diluted ShareTax Equivalent Net Interest Margin of 5.11% Nonaccrual Loans and Leases Reduced by $52.1 million, or 33% in Q1’18Classified Loans and Leases Reduced by $70.4 million, or 25% in Q1’18Core Deposits at 87% of Total DepositsNew Loan and Lease Production of $788.5 Million LOS ANGELES, April 17, 2018 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq:PACW) today announced net earnings for the first quarter of 2018 of $118.3 million, or $0.93 per diluted share, compared to net earnings for the fourth quarter of 2017 of $84.0 million, or $0.66 per diluted share.  The increase in net earnings from the prior quarter was primarily due to lower noninterest expense, lower income tax expense, higher noninterest income, and a lower provision for credit losses, offset partially by lower net interest income.  Show less Read more
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