PacWest Bancorp Announces Fourth Quarter Earnings Release Date

Rhea-AI Summary

PacWest Bancorp (PACW) announced it will disclose its financial results for Q4 and the full year ending December 31, 2021, after the market closes on January 19, 2022. The results will be filed with the SEC and announced via press release. With over $35 billion in assets, PacWest offers community banking services primarily to small and medium-sized businesses across California and Colorado. It provides various lending products, treasury management services, and specialized banking for venture-backed firms.

Positive

• Over $35 billion in assets indicating strong financial stability.
• Offers a wide range of community banking products and services.

Negative

• No specific guidance or earnings estimates provided ahead of the report.

LOS ANGELES, Dec. 16, 2021 (GLOBE NEWSWIRE) -- PacWest Bancorp (Nasdaq: PACW) (the “Company”) will report its financial results for the quarter and year ended December 31, 2021 after the close of the stock market on Wednesday January 19, 2022. The Company will file its quarterly financial results with the SEC via Form 8-K and issue a press release via newswire, which will also be posted on the SEC Filings section of its website at www.pacwestbancorp.com.

ABOUT PACWEST BANCORP

PacWest Bancorp (“PacWest”) is a bank holding company with over $35 billion in assets headquartered in Los Angeles, California, with an executive office in Denver, Colorado, with one wholly-owned banking subsidiary, Pacific Western Bank (the “Bank”). The Bank has 69 full-service branches located in California, one branch located in Durham, North Carolina, and one branch located in Denver, Colorado. The Bank provides community banking products including lending and comprehensive deposit and treasury management services to small and medium-sized businesses conducted primarily through our California-based branch offices and Denver, Colorado branch office. The Bank offers national lending products including asset-based, equipment, and real estate loans and treasury management services to established middle-market businesses on a national basis. The Bank provides venture banking products including a comprehensive suite of financial services focused on entrepreneurial and venture-backed businesses and their venture capital and private equity investors, with offices located in key innovative hubs across the United States. The Bank also provides financing of non-owner-occupied investor properties through Civic Financial Services a wholly-owned subsidiary. The Bank also offers a specialized suite of services for the HOA industry. For more information about PacWest Bancorp or Pacific Western Bank, visit www.pacwest.com.

CONTACTS

Matthew P. Wagner      President and CEO 303.802.8900

Bart R. Olson Executive Vice President and CFO 714.989.4149

William J. Black Executive Vice President Strategy and Corporate Development 919.597.7466

FAQ

When will PacWest Bancorp report its financial results?

PacWest Bancorp will report its financial results for Q4 and the full year on January 19, 2022.

What is the market reaction expected to be for PACW on January 19, 2022?

Market reaction will depend on the reported financial results and guidance provided by PacWest.

How does PacWest Bancorp serve its customers?

PacWest Bancorp offers community banking products and national lending services primarily to small and medium-sized enterprises.