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.
For comments and feedback: editorial@rttnews.com