PacWest Bancorp, a Delaware corporation, is a bank holding company registered under the BHCA and headquartered in Los Angeles, California, with an executive office in Denver, Colorado. Our principal business is to serve as the holding company for our wholly-owned subsidiary, Pacific Western Bank. References to "Pacific Western" or the "Bank" refer to Pacific Western Bank together with its wholly-owned subsidiaries. References to "we," "us," or the "Company" refer to PacWest Bancorp together with its subsidiaries on a consolidated basis. When we refer to "PacWest" or to the "holding company," we are referring to PacWest Bancorp, the parent company, on a stand-alone basis.
Company profile
Ticker
PACW, PACWP
Exchange
Website
CEO
Matthew Wagner
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FIRST COMMUNITY BANCORP /CA/
SEC CIK
Corporate docs
Subsidiaries
10700 West Jefferson Avenue SBL LLC • 1323 Burnet Avenue SBL LLC • 1335 Darby Street SBL LLC • 1602 East Central Boulevard SBL LLC • 1602 Medical Parkway SBL LLC • 2030 Main Street SBL LLC • 2499 Futura Parkway LLC • 272 Fletchwood Road SBL LLC • 2921 New Highway 51 SBL LLC • 31250 Cedar Valley Drive II CRE LLC ...
IRS number
330885320
PACW stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
11 Dec 23
POSASR
Automatic shelf registration (post-effective amendment)
1 Dec 23
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Dec 23
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Dec 23
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Dec 23
8-K
Completion of Acquisition or Disposition of Assets
1 Dec 23
25-NSE
Exchange delisting
30 Nov 23
425
Business combination disclosure
22 Nov 23
8-K
Banc of California and PacWest Bancorp Receive Stockholder Approvals for their Merger
22 Nov 23
425
Business combination disclosure
14 Nov 23
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 6.07 bn | 6.07 bn | 6.07 bn | 6.07 bn | 6.07 bn | 6.07 bn |
Cash burn (monthly) | 209.49 mm | (no burn) | 8.86 mm | 123.68 mm | (no burn) | (no burn) |
Cash used (since last report) | 1.25 bn | n/a | 52.95 mm | 739.52 mm | n/a | n/a |
Cash remaining | 4.82 bn | n/a | 6.02 bn | 5.33 bn | n/a | n/a |
Runway (months of cash) | 23.0 | n/a | 679.4 | 43.1 | n/a | n/a |
Institutional ownership, Q3 2023
81.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 255 |
Opened positions | 46 |
Closed positions | 57 |
Increased positions | 61 |
Reduced positions | 86 |
13F shares | Current |
---|---|
Total value | 760.94 bn |
Total shares | 96.78 mm |
Total puts | 1.91 mm |
Total calls | 1.86 mm |
Total put/call ratio | 1.0 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 16.09 mm | $127.30 bn |
Vanguard | 14.03 mm | $110.99 bn |
STT State Street | 9.65 mm | $76.32 bn |
GS Goldman Sachs | 6.11 mm | $48.34 bn |
Dimensional Fund Advisors | 2.57 mm | $20.32 bn |
Geode Capital Management | 2.48 mm | $19.60 bn |
Charles Schwab Investment Management | 2.42 mm | $19.13 bn |
Cardinal Capital Management | 2.38 mm | $18.84 bn |
Water Island Capital | 2.33 mm | $18.44 bn |
Davis Asset Management | 2.03 mm | $16.06 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Nov 23 | Acker Tanya M | Common Stock | Sale back to company | Dispose D | No | No | 0 | 36,289 | 0.00 | 0 |
30 Nov 23 | Burke Paul Robert | Depository Shares of Series A Preferred Stock | Sale back to company | Dispose D | Yes | No | 0 | 1,000 | 0.00 | 0 |
30 Nov 23 | Burke Paul Robert | Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 1,000 | 0.00 | 0 |
30 Nov 23 | Burke Paul Robert | Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 1,500 | 0.00 | 0 |
30 Nov 23 | Burke Paul Robert | Common Stock | Sale back to company | Dispose D | No | No | 0 | 68,463 | 0.00 | 0 |
30 Nov 23 | Hosler C William | Depositary Shares of Series A Preferred Stock | Sale back to company | Dispose D | No | No | 0 | 6,000 | 0.00 | 0 |
30 Nov 23 | Hosler C William | Common Stock | Sale back to company | Dispose D | No | No | 0 | 81,721 | 0.00 | 0 |
30 Nov 23 | Lester Susan E | Common Stock | Sale back to company | Dispose D | No | No | 0 | 51,331 | 0.00 | 0 |
30 Nov 23 | Kelley Angela M | Common Stock | Sale back to company | Dispose D | No | No | 0 | 34,279 | 0.00 | 0 |