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Pacwest Bancorp - PACW STOCK NEWS

Welcome to our dedicated news page for Pacwest Bancorp (Ticker: PACW), a resource for investors and traders seeking the latest updates and insights on Pacwest Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pacwest Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pacwest Bancorp's position in the market.

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1.62%
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Rhea-AI Summary
Los Angeles - Financial results for the second quarter of 2023 were released by the company. Net loss available to common stockholders was $207.4 million, or a loss of $1.75 per diluted share, impacted by loan sales and restructuring. Adjusted earnings were $36.0 million and adjusted diluted earnings per common share were $0.22. The company executed its strategic plan to divest non-core loan portfolios, enhancing liquidity and capital. The operational efficiency initiative is ongoing, with continued optimization of resources, contracts, facilities, and processes.
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End-of-Day
26.92%
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Banc of California and PacWest Bancorp have announced an all-stock merger transaction. The combined company will create California's premier relationship-focused business bank with a $36 billion asset bank. It will be headquartered in Los Angeles and will have a 20%+ accretion to Banc of California's 2024 Estimated EPS. The merger is expected to be immediately 3% accretive to TBVPS. The combined company will have a robust capital at 10%+ pro forma CET1 and will repay $13 billion of wholesale borrowings, resulting in a <10% wholesale funding ratio. The merger is expected to have a positive impact on the stock price.
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Rhea-AI Sentiment
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26.92%
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PacWest Bancorp (Nasdaq: PACW) will report its financial results for Q2 and year-to-date period ended June 30, 2023 on July 25, 2023. The company will file its quarterly financial results with the SEC via Form 8-K and issue a press release. A conference call will be held on July 26, 2023, to discuss the performance.
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Ares Management completes acquisition of $3.5 billion specialty finance loan portfolio from PacWest Bancorp
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1.44%
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-2.44%
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Pacwest Bancorp

NYSE:PACW

PACW Rankings

PACW Stock Data

904.52M
118.44M
1.53%
84.88%
20.89%
Commercial Banking
Finance and Insurance
Link
United States
Brea

About PACW

pacwest bancorp is a banking company located in 10250 constellation blvd, suite 1640, los angeles, ca, united states.