PacWest Bancorp

PacWest Bancorp is a bank holding company, which specializes in financial and banking solutions. It offers commercial banking services including real estate, construction, commercial loans, comprehensive deposit, and treasury management services to small and middle-market businesses through the Pacific Western Bank. The company was founded on October 22, 1999, and is headquartered in Beverly Hills, CA.

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PacWest Bancorp restructures for growth, faces deposit challenges ahead

PacWest Bancorp's Q4 call highlighted strategic shifts, financial goals, and a focus on stability amidst economic challenges.
Management's alignment with the new plan, commitment to technology, and solid credit quality position the company for growth.
Challenges in deposit gathering, potential Fed rate impacts, and criticized loans require attention for sustained performance.

PacWest Bancorp beats estimates, focuses on stability and growth

PacWest Bancorp navigated challenges with resilience, reporting strong financial performance and stable credit quality amidst deposit fluctuations.
The company's focus on liquidity, expense management, and capital optimization positions it well for future growth and profitability.
Strategic initiatives to enhance operational efficiency and explore new revenue streams underscore PacWest's commitment to long-term value creation.

PacWest Bancorp and Banc of California merger set for growth

The merger between PacWest Bancorp and Banc of California is poised to deliver immediate benefits and long-term value through enhanced financial metrics and operational efficiencies.
While facing challenges in a slow economy and cost savings targets, the combined company has clear strengths in product offerings, funding profile, and talent retention strategies.
Strategic initiatives, conservative growth projections, and a focus on technology integration and fee revenue generation present opportunities for sustainable growth and profitability post-merger.

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Banc of California

Banc of California and PacWest Bancorp on Tuesday announced an all-stock merger with a $400 million equity raise from Warburg Pincus and Centerbridge Partners.

PacWest merges with Banc of California in all-stock deal

SANTA ANA, Calif. & BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Banc of California, Inc. (“Banc of California”) (NYSE: BANC) and PacWest Bancorp (“PacWest”) (Nasdaq: PACW) today announced the signing of a definitive agreement pursuant to which the companies will combine in an all-stock merger transaction. Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, PacWest will merge into Banc of California, and Banc of California, N.A. will merge i.

Banc of California and PacWest Announce Transformational Merger and $400 Million Equity Raise from Warburg Pincus and Centerbridge

Combination will create California's premier relationship-focused business bank Combined $36 billion asset bank with extensive Southern CA footprint to be headquartered in Los Angeles 20%+ accretion to BANC's 2024 Estimated EPS and immediately 3% accretive to TBVPS $400 million equity raise is fully committed after extensive investor due diligence Robust capital at 10%+ pro forma CET1; hedges and forward sales lock in a strong and liquid balance sheet at close $13 billion of wholesale borrowings to be repaid, resulting in a

Banc of California and PacWest Announce Transformational Merger and $400 Million Equity Raise from Warburg Pincus and Centerbridge

Banc of California is in advanced talks to buy PacWest Bancorp , the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Banc of California in talks to buy PacWest Bancorp - WSJ

Banc of California Inc. BANC, +8.63% shares rose as PacWest Bancorp.'s PACW, -27.23% fell Tuesday following a report that the former was in talks to buy the latter.

Banc of California in talks to buy PacWest: WSJ

Banc of California is in advanced talks to buy PacWest Bancorp, in a move by the lenders to further shore themselves up following a regional-banking crisis earlier this year.

Banc of California, PacWest in Advanced Talks to Combine

PacWest Bancorp could deliver a strong Q2 report on July 25, 2023 due to recovering deposit flows. The bank has seen a return of deposits after losing 17% in Q1, with $700M in deposit inflows reported after the end of the first quarter. PacWest Bancorp also sold assets in Q2 which provided additional liquidity and reduced lending risks.

PacWest: Speculative Buy Heading Into Q2 (Rating Upgrade)

KeyCorp

Western Alliance Bancorporation

PacWest Bancorp stock was up 3% in premarket trades on Thursday, as upward momentum continued with most bank stocks.

PacWest, Western Alliance stocks rise, while KeyCorp loses ground

United Community Banks

PacWest Bancorp PACW, +8.50% is down 0.3% as one of the most active stocks in premarket trades on Wednesday with volume of 164,000 shares, according to the MarketWatch Premarket Screener. PacWest is due to report its second-quarter results on July 25, with analysts currently expecting a loss of 66 cents a share for the bank, according to FactSet data.

PacWest, Western Alliance, United Community Banks stocks lose ground in premarket

Bank of America

Morgan Stanley

Bank of America and Morgan Stanley reported second-quarter earnings this morning. PacWest has been an extremely volatile bank stock since the banking crisis and appears to be benefitting from renewed optimism in the sector.

Why Shares of Bank of America, Morgan Stanley, and PacWest Bancorp Are Rising Today

PacWest (PACW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: PacWest Bancorp (PACW) Q2 Earnings Expected to Decline

IF Bancorp

Newtek Business Services

Few personality traits are as insufferable as dwelling on past errors, which may be how some folks perceive the worst bank stocks. Earlier this year, the regional banking sector suffered a crisis as post-pandemic developments suddenly converted to massive headwinds.

Why These 3 Stocks Are the Worst Ways to Play Banks Right Now

Citigroup

Goldman Sachs

JPMorgan Chase & Co

Wells Fargo

Zions Bancorp

JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. kick off second-quarter earnings season Friday after one of the choppiest three-month periods for the banking sector since the global financial crisis.

Megabank profits on tap after eventful Q2 of bank failures and climbing interest rates

LOS ANGELES, July 07, 2023 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) (the “Company” or “PacWest”) will report its financial results for the quarter and year-to-date period ended June 30, 2023 after the close of the stock market on Tuesday, July 25, 2023. The Company will file its quarterly financial results with the SEC via Form 8-K and issue a press release via newswire, which will also be posted on the SEC Filings section of its website at http://www.pacwestbancorp.com. Management will host a conference call at 8:00 AM PT/ 11:00 AM ET on Wednesday, July 26, 2023 to discuss the Company's performance.

PacWest Bancorp Announces Second Quarter Earnings Release Date and Conference Call

PacWest has been executing on its strategic plan to refocus its business. The bank will report its second-quarter results on July 19.

Why PacWest Bancorp Stock Surged 26.4% in June

Atlantic Union Bankshares Corp

HomeStreet

It's difficult to say with any certainty whether the following stocks will crash and burn this July. But there are at least two factors that suggest the distinct possibility remains.

3 Bank Stocks to Sell in July Before They Crash and Burn

Ally Financial

Ares Management

Cadence Bank

Citizens Financial Group

Comerica

Capital One

First Citizens BancShares

First Horizon National

Fifth Third Bancorp

F.N.B. Corp.

PNC Financial Services

Pinnacle Financial Partners

Charles Schwab

Synovus Financial

South State

Truist Financial

U.S. Bancorp

Earnings season for the largest U.S. banks will begin on Friday, July 14, when JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. announce their second-quarter results. Rounding out the “big six” industry group, Bank of America Corp., Goldman Sachs Group Inc. and Morgan Stanley are all scheduled to report on July 18.

These 20 banks have had the largest cuts to earnings estimates

SoFi Technologies

United Wholesale Mortgage

The outlook of American bank stocks is generally mixed at this point. On the one hand, the sector should benefit from the overall strength of the U.S. economy, and the increase in interest rates makes it easier for many banks to generate large net interest margins (NIM) by charging high-interest rates on their loans.

3 Bank Stocks That Have Big Investors Running for the Exit

Customers Bancorp

Orange County Bancorp

PacWest announced an agreement to sell a $3.5 billion loan portfolio. Orange County Bancorp joined the Russell 2000 index.

Why Shares of PacWest Bancorp, Customers Bancorp, and Orange County Bancorp Are Rising This Week

PacWest Bancorp has entered into an agreement to sell a large portion of their Lender Finance portfolio to Ares Management Corporation to boost liquidity and pay down debt, following a significant drop in their share price due to the banking sector's uncertainty. The agreement includes selling off loans with aggregate commitment amounts totaling $3.54 billion, which will help PacWest Bancorp improve its financial condition, particularly by reducing its high-interest borrowings that have been impacting its bottom line. The transaction also benefits Ares Management by providing a significant increase in the company's exposure to alternative credit activities, which it has identified as a high-value target and a significant growth area for individual investors in the private wealth area over the next several years.

A Home Run For PacWest Bancorp And Ares Management

With an aim to strengthen its balance sheet position and focus on core banking operations, PacWest (PACW) sells $3.54B loan portfolio to Ares Management (ARES).

PacWest (PACW) Bolsters Balance Sheet With $3.54B Asset Sale

Barclays

Barclays has taken part in an asset purchase of one of the banks stricken by the US regional banking crisis in March. PacWest Bancorp has sold a US$3.54bn loan portfolio asset manager Ares Management in a deal part-financed by the UK bank, according to Reuters.

Barclays and Ares step in as US regional PacWest offloads loans

PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.

PacWest sells loan portfolio for over $3.5B

PacWest shares gained close to 7% in early trading on Monday after announcing it would sell a $3.5 billion loan portfolio to Ares Management.

PacWest Shares Gain as the Bank Sells off $3.5 Billion in Loans

PacWest Bancorp (NASDAQ: PACW) is in focus this morning after Ares Management Corp agreed to buy its specialty finance portfolio. What's in it for Ares Management?

PacWest sells lender-finance loan portfolio to Ares Management

News for PacWest Bancorp Stock (PACW)