Pacific West Bancorp ("PWBK") Announces Third Quarter Financial Results
Pacific West Bancorp (PWBK) reported third-quarter net income of $310,000 or $0.11 per diluted share for the quarter ended Oct 28, 2025. Loans totaled $272.1M, up $11.7M (4.5%) sequentially and $15.7M (6.1%) year‑over‑year. Deposits were $316.7M, up $41.1M (14.9%) YoY despite a strategic $7.5M reduction in high‑cost municipal deposits.
Net interest margin improved to 3.17% for Q3 (3.11% prior quarter) and 3.13% YTD vs 2.69% a year earlier. Provision for credit losses was $171k in Q3. Stockholders' equity totaled $35.3M and the community bank leverage ratio was 9.96%.
Pacific West Bancorp (PWBK) ha riportato un utile netto del terzo trimestre di 310.000 dollari o 0,11 dollari per azione diluita per il trimestre terminato il 28 ottobre 2025. I prestiti ammontavano a 272,1 milioni di dollari, in aumento di 11,7 milioni (4,5%) rispetto al trimestre precedente e 15,7 milioni (6,1%) su base annua. I depositi erano 316,7 milioni di dollari, in crescita di 41,1 milioni (14,9%) su base annua nonostante una riduzione strategica di 7,5 milioni di dollari dei depositi municipali ad alto costo.
Il margine di interesse netto è migliorato a 3,17% nel Q3 (3,11% nel trimestre precedente) e 3,13% YTD vs 2,69% un anno prima. L'accantonamento per perdite su crediti era di 171k di dollari nel Q3. Il patrimonio netto degli azionisti ammontava a 35,3M di dollari e il rapporto di leva della banca comunitaria era 9,96%.
Pacific West Bancorp (PWBK) reportó ingresos netos del tercer trimestre de 310.000 dólares o 0,11 dólares por acción diluida para el trimestre concluido el 28 de octubre de 2025. Los préstamos totalizaron 272,1 millones de dólares, un aumento de 11,7 millones (4,5%) secuencial y 15,7 millones (6,1%) interanual. Los depósitos fueron 316,7 millones de dólares, con un incremento de 41,1 millones (14,9%) interanual a pesar de una reducción estratégica de 7,5 millones en depósitos municipales de alto costo.
El margen de interés neto se mejoró a 3,17% para el T3 (3,11% trimestre anterior) y 3,13% YTD frente al 2,69% hace un año. La provisión para pérdidas crediticias fue de 171 mil dólares en el T3. El patrimonio de los accionistas totalizó 35,3 millones de dólares y la razón de apalancamiento de la banca comunitaria fue de 9,96%.
Pacific West Bancorp (PWBK)는 2025년 10월 27일 종료된 분기에 3분기 순이익 31만 달러 또는 희석 주당 0.11달러를 보고했습니다. 대출 총액은 272.1백만 달러로 전분기 대비 1,170만 달러(4.5%) 증가했으며 전년동기 대비 1,570만 달러(6.1%) 증가했습니다. 예금은 316.7백만 달러로 전년동기 대비 4,110만 달러(14.9%) 증가했으며 고비용 지방채 예금의 전략적 감소 750만 달러에도 증가했습니다.
순이자마진은 Q3에서 3.17%로 개선되었고(전 분기 3.11%), 연초대비 누적 수치도 3.13%로 1년 전의 2.69%를 상회했습니다. 노출손실충당금은 Q3에서 17만 달러였습니다. 주주자본은 3530만 달러였고 커뮤니티 은행 레버리지 비율은 9.96%였습니다.
Pacific West Bancorp (PWBK) a enregistré un bénéfice net au troisième trimestre de 310 000 dollars ou 0,11 dollar par action diluée pour le trimestre clos le 28 octobre 2025. Les prêts se chiffraient à 272,1 millions de dollars, en hausse de 11,7 millions (4,5%) par rapport au trimestre précédent et de 15,7 millions (6,1%) sur un an. Les dépôts étaient de 316,7 millions de dollars, en augmentation de 41,1 millions (14,9%) sur un an, malgré une réduction stratégique de 7,5 millions de dollars des dépôts municipaux à coût élevé.
La marge nette d'intérêt s'est améliorée à 3,17% pour le T3 (3,11% au trimestre précédent) et 3,13% YTD contre 2,69% il y a un an. L'accident pour pertes sur crédits était de 171 000 dollars au T3. Les fonds propres des actionnaires s'élevaient à 35,3 millions de dollars et le ratio de levier de la banque communautaire était de 9,96%.
Pacific West Bancorp (PWBK) meldete im dritten Quartal einen Nettogewinn von 310.000 USD bzw. 0,11 USD pro verwässerter Aktie für das Quartal zum 28. Oktober 2025. Kredite belaufen sich auf 272,1 Mio. USD, ein Anstieg von 11,7 Mio. USD (4,5 %) gegenüber dem Vorquartal und 15,7 Mio. USD (6,1 %) gegenüber dem Vorjahr. Einlagen betrugen 316,7 Mio. USD, ein Anstieg von 41,1 Mio. USD (14,9 %) im Jahresvergleich, trotz einer strategischen Reduzierung von 7,5 Mio. USD hochkostender municipal deposits. Der Net Interest Margin verbesserte sich im Q3 auf 3,17 % (3,11 % im Vorquartal) und seit Jahresbeginn auf 3,13 % gegenüber 2,69 % im Vorjahr. Die Rückstellung für Kreditausfälle betrug im Q3 171 Tsd. USD. Das Eigenkapital der Aktionäre belief sich auf 35,3 Mio. USD und das Leverage-Verhältnis der Community-Bank lag bei 9,96 %.
Pacific West Bancorp (PWBK) أبلغت عن صافيدخل السعر للربع الثالث ي قدر ب 310,000 دولار أو 0.11 دولار للسهم المخفف للربع المنتهي في 28 أكتوبر 2025. بلغ إجمالي القروض 272.1 مليون دولار، بزيادة 11.7 مليون دولار (4.5%) على أساس فاصل و15.7 مليون دولار (6.1%) على أساس سنوي. كانت الودائع 316.7 مليون دولار، مرتفعة بـ 41.1 مليون دولار (14.9%) على أساس سنوي رغم خفض استراتيجي بمقدار 7.5 مليون دولار من الودائع البلدية ذات التكلفة العالية. ارتفع هامش الفائدة الصافي إلى 3.17% للربع الثالث (3.11% من الربع السابق) و 3.13% منذ بداية السنة مقارنة بـ 2.69% قبل عام. كانت المخصصات لخسائر الائتمان 171 ألف دولار في الربع الثالث. وبلغت حقوق المساهمين 35.3 مليون دولار وكانت نسبة رافعة البنك المجتمعي 9.96%.
Pacific West Bancorp (PWBK) 报告第三季度净利润为 31万美元，或每股摊薄后 0.11美元，季度结束于 2025 年 10 月 28 日。贷款总额为 2.721 亿美元，环比增加 1170 万美元（4.5%），同比增加 1570 万美元（6.1%）。存款为 3.167 亿美元，同比增幅为 4110 万美元（14.9%），尽管高成本市政存款减少 750 万美元。净利息 margin 提高至 3.17%（上一季度 3.11%），截至本年度至今为 3.13%，相比去年同期的 2.69%。第三季度信用损失准备金为 17 万美元。股东权益总额为 3530 万美元，社区银行杠杆比率为 9.96%。
- Loans +6.1% year-over-year to $272.1M
- Deposits +14.9% year-over-year to $316.7M
- Net interest margin improved to 3.17% in Q3
- Net income Q3 rose sequentially by 139.1% to $310k
- Interest expense down $518k (8.0%) year-to-date
- Provision for credit losses rose to $171k in Q3 from $120k
- Quarter-end deposits declined modestly after a $7.5M reduction in high-cost municipal deposits
Third Quarter and year-over-year Highlights:
- Loans totaled
$272.1 million $11.7 million 4.5% , when compared to the end of the second quarter of 2025, and by$15.7 million 6.1% , year over year. - Deposits totaled
$316.7 million $41.1 million 14.9% , compared to the same quarter end in 2024, despite intentional trimming of higher-cost deposits. - Net interest income for the quarter before provision for credit losses increased by
$175 thousand 6.7% , compared to the second quarter of 2025, and by$1.6 million 25.1% , year to date compared to the same period in 2024. - Net income for the third quarter was
$310 thousand $180 thousand 139.1% increase compared to the second quarter of 2025 and was$1.0 million 205.5% increase year to date compared to the same period in 2024. - Net interest margin improved during the quarter to
3.17% from3.11% for the second quarter and the year to date net interest margin of3.13% represented a16.4% increase compared to the net interest margin of2.69% for the same period in 2024.
"This quarter's results reflect accelerating earnings driven by loan growth, stronger loan pricing and a lower cost deposit mix, which supported an expansion in our net interest margin," said Jason Wessling, President and Chief Executive Officer. "While we continue to operate in a dynamic environment, our disciplined approach to balance sheet management positions us well for improving and sustainable long-term earnings. We are also pleased to welcome Aran Loftus, CPA as our new Chief Financial Officer. Aran joins the Bank with a strong background in public accounting and extensive experience in the financial institutions sector, and we look forward to his contributions to our leadership team. Additionally, we are proud that PWB has been recognized by the Portland Business Journal for the second consecutive year as one of the "Best Places to Work" — a reflection of our positive culture, commitment to our employees, and focus on delivering exceptional service to our clients and communities."
Total loans reached
Total deposits at quarter end totaled
Interest income for the quarter was
The Bank's investment portfolio decreased due to principal paydowns, maturities, and a sale, offsetting market value appreciation. During the quarter, PWB sold an investment, realizing a gain of
As of the end of the third quarter, stockholders' equity totaled
About Pacific West Bancorp: Information about Pacific West Bancorp's stock is available through the over-the-counter marketplace at www.otcmarkets.com (symbol PWBK).
Pacific West Bank was formed in 2004 by local businesspeople to deliver loan and deposit product solutions through experienced and professional bankers to businesses, nonprofits, professionals, and individuals. The Bank serves the greater
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Certain statements in this release may be deemed to be "forward-looking statements." Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. |
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Balance Sheets (amounts in 000s, except per share data and ratios) |
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For the Quarter Ended |
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% Change |
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% Change |
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9/30/2025 |
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6/30/2025 |
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QOQ |
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9/30/2024 |
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YTD |
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ASSETS |
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Cash & due from banks |
$ 30,228 |
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$ 40,679 |
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(25.7) % |
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$ 23,599 |
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28.1 % |
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Investments - CD |
- |
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498 |
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(100.0) % |
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498 |
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(100.0 %) |
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Investments - Debt Securities HTM |
6,747 |
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7,247 |
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(6.9 %) |
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7,747 |
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(12.9 %) |
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Allowance for HTM |
(168) |
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(270) |
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(37.8 %) |
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(284) |
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(40.8 %) |
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Investments - Debt Securities AFS |
40,544 |
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41,016 |
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(1.2 %) |
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45,456 |
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(10.8 %) |
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Net Investments - Debt Securities |
47,123 |
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47,993 |
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(1.8 %) |
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52,919 |
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(11.0 %) |
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Investments - Correspondent Stock |
426 |
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922 |
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(53.8 %) |
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2,032 |
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(79.0 %) |
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Gross loans net of fees |
272,140 |
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260,395 |
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4.5 % |
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256,402 |
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6.1 % |
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Allowance for Loans and Leases |
(3,207) |
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(2,946) |
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8.9 % |
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(3,533) |
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(9.2 %) |
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Net loans |
268,933 |
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257,449 |
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4.5 % |
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252,869 |
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6.4 % |
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Premises and equipment, net |
4,788 |
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4,955 |
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(3.4 %) |
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4,259 |
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12.4 % |
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Deferred tax asset, net |
1,762 |
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1,877 |
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(6.1 %) |
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2,012 |
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(12.4 %) |
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BOLI |
4,652 |
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4,607 |
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1.0 % |
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4,487 |
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3.7 % |
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Other assets |
2,454 |
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2,570 |
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(4.5 %) |
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2,692 |
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(8.8 %) |
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Total Assets |
$ 360,366 |
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$ 361,550 |
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(0.3) % |
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$ 345,367 |
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4.3 % |
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LIABILITIES |
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Deposits |
$ 316,675 |
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$ 318,693 |
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(0.6 %) |
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$ 275,561 |
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14.9 % |
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Borrowed funds |
5,045 |
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5,048 |
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(0.1 %) |
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32,838 |
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(84.6 %) |
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Other liabilities |
3,306 |
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3,242 |
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2.0 % |
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2,743 |
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20.5 % |
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Total Liabilities |
325,026 |
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326,983 |
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(0.6) % |
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311,142 |
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4.5 % |
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STOCKHOLDERS' EQUITY |
$ 35,340 |
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$ 34,567 |
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2.2 % |
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$ 34,225 |
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3.3 % |
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Total Liabilities and Stockholders' Equity |
$ 360,366 |
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$ 361,550 |
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(0.3) % |
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$ 345,367 |
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4.3 % |
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Shares outstanding at end-of-period |
2,697,153 |
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2,696,001 |
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2,685,943 |
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Book value per share |
$ 13.10 |
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$ 12.82 |
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$ 12.74 |
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Allowance for credit losses to total loans |
1.21 % |
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1.20 % |
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1.45 % |
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Non-performing assets (non-accrual loans |
$ 8,332 |
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$ 8,440 |
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$ 840 |
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Leverage Ratio |
9.96 % |
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10.15 % |
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10.16 % |
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Statements of Net Income (amounts in 000s, except per share data and ratios) |
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For the Quarter Ended |
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Year to Date |
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9/30/2025 |
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6/30/2025 |
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% Change |
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9/30/2025 |
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9/30/2024 |
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% Change |
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INTEREST INCOME |
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Loans Interest Income |
$ 3,865 |
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$ 3,766 |
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2.6 % |
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$ 11,253 |
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$ 10,519 |
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7.0 % |
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Investments & due from banks |
862 |
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824 |
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4.6 % |
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2,388 |
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2,072 |
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15.3 % |
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Loan fee income |
94 |
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44 |
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113.6 % |
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194 |
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176 |
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10.2 % |
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Total interest income |
4,821 |
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4,634 |
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4.0 % |
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13,835 |
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12,767 |
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8.4 % |
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INTEREST EXPENSE |
2,025 |
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2,013 |
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0.6 % |
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5,941 |
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6,459 |
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(8.0 %) |
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NET INTEREST INCOME BEFORE LOAN |
2,796 |
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2,621 |
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6.7 % |
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7,894 |
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6,308 |
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25.1 % |
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PROVISION FOR CREDIT LOSSES |
171 |
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120 |
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42.5 % |
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291 |
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166 |
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75.3 % |
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NET INTEREST INCOME AFTER LOAN |
2,625 |
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2,501 |
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5.0 % |
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7,603 |
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6,142 |
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23.8 % |
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NON-INTEREST INCOME |
244 |
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245 |
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(0.6 %) |
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716 |
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474 |
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51.1 % |
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NON-INTEREST EXPENSE |
2,609 |
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2,548 |
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2.4 % |
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7,543 |
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7,242 |
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4.2 % |
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GAIN ON SALE OF SECURITY |
182 |
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- |
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NM |
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- |
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- |
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NM |
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INCOME (LOSS) BEFORE PROVISION |
442 |
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199 |
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122.4 % |
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776 |
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(626) |
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224.0 % |
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PROVISION (BENEFIT) FOR INCOME |
132 |
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269 |
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91.0 % |
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256 |
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(133) |
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292.5 % |
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NET INCOME (LOSS) |
$ 310 |
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$ 130 |
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139.1 % |
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$ 520 |
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$ (493) |
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205.5 % |
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Earnings per share - Basic |
$ 0.11 |
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$ 0.05 |
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$ 0.19 |
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$ (0.18) |
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Earnings per share - Diluted |
$ 0.11 |
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$ 0.05 |
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$ 0.19 |
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$ (0.18) |
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Return on average equity |
3.53 % |
|
1.52 % |
|
|
|
2.03 % |
|
(1.96) % |
|
|
||||||||||||||
|
Return on average assets |
0.34 % |
|
0.15 % |
|
|
|
0.20 % |
|
(0.20) % |
|
|
||||||||||||||
|
Net interest margin |
3.17 % |
|
3.11 % |
|
|
|
3.13 % |
|
2.69 % |
|
|
||||||||||||||
|
Efficiency ratio |
80 % |
|
89 % |
|
|
|
88 % |
|
107 % |
|
|
||||||||||||||
Media Contact
Jason Wessling
President and Chief Executive Officer
(503) 912-2101
Jwessling@bankpacificwest.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/pacific-west-bancorp-pwbk-announces-third-quarter-financial-results-302597540.html
SOURCE Pacific West Bancorp
FAQ
What were Pacific West Bancorp (PWBK) third-quarter 2025 earnings per share and net income?
How much did PWBK loans grow in Q3 2025 and year over year?
What was Pacific West Bancorp's net interest margin in Q3 2025 and year to date?
How did deposits change for PWBK in Q3 2025?
Did Pacific West Bancorp report changes in provisioning or credit costs in Q3 2025?
What is PWBK's capital position after Q3 2025 results?
