PacWest Bancorp Announces Results for the Fourth Quarter and Full Year 2017
PacWest Bancorp (PACW)
Last pacwest bancorp earnings: 4/21 07:00 am
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US:NASDAQ Investor Relations:
pacwestbancorp.com
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Source: GlobeNewswire
Fourth Quarter 2017 Highlights CU Bancorp (“CUB”) Acquisition Closed October 20, 2017Sold $1.5 Billion of Cash Flow Loans Net Earnings of $84.0 Million, or $0.66 Per Diluted ShareNew Loan and Lease Production of $1.6 Billion and Annualized Growth Excluding Acquired and Sold Loans of 17%Classified Loans and Leases Reduced by 19%Tax Benefit of $1.2 Million from Enactment of Tax Cuts and Jobs Act Full Year 2017 Highlights Net Earnings of $357.8 Million, or $2.91 Per Diluted Share New Loan and Lease Production of $4.7 Billion and Growth Excluding Acquired and Sold Loans of 7%Core Deposits Growth of $3.4 Billion, Including $2.7 Billion from CUB Acquisition Tax Equivalent Net Interest Margin of 5.10%Classified Loans and Leases Reduced by 32% LOS ANGELES, Jan. 18, 2018 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq:PACW) today announced net earnings for the fourth quarter of 2017 of $84.0 million, or $0.66 per diluted share, compared to net earnings for the third quarter of 2017 of $101.5
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