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PacWest Bancorp Q4 Profit Rises; Beats Street - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

PacWest Bancorp's (PACW) fourth-quarter 2012 net earnings grew to $19.89 million, or $0.54 per share, from $13.88 million, or $0.38 per share, last year. On average, 9 analysts polled by Thomson Reuters expected earnings per share of $0.49 for the quarter. Analysts' estimates typically exclude one-time items.

Net interest income after provision for credit losses was $73.94 million this quarter, an increase from the previous year's $59.65 million, while total noninterest income plummeted to $2.06 million, from $8.25 million a year before.

Eight analysts estimated revenues of $75.5 million for the quarter.

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