PacWest Bancorp (PACW) announced net earnings for the first quarter of 2013 of $13.49 million, or $0.37 per share, up from $5.26 million or $0.14 per share in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.49 per share for the quarter. Analysts' estimates typically exclude special items.
Total noninterest expense decreased to $44.18 million from $68.90 million in the prior year.
Net interest income for the quarter declined to $65.69 million from $67.68 million in the prior year quarter. Total noninterest income was $2.84 million, down from $3.26 million in the previous year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.