PACW · Pacwest Bancorp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2014 |
|---|---|---|---|---|---|---|
| Revenue | $1.63B | $1.35B | $1.25B | $1.36B | $1.31B | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $12.40M | $11.10M | $11.50M | $10.50M | $9.40M | $5.40M |
| Operating Income | $567.57M | $822.33M | ($1.16B) | $632.94M | $633.32M | $170.47M |
| Interest Expense | $265.73M | $54.91M | $88.93M | $205.26M | $120.76M | $42.40M |
| Income Tax | $143.96M | $215.38M | $75.17M | $164.30M | $167.98M | $113.85M |
| Net Income | $423.61M | $606.96M | ($1.24B) | $468.64M | $465.34M | $168.91M |
| EPS - Basic | $3.37 | $5.10 | ($10.61) | $3.90 | $3.72 | $1.92 |
| EPS - Diluted | $3.37 | $5.10 | ($10.61) | $3.90 | $3.72 | $1.92 |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2014 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.24B | $4.06B | $3.16B | $637.62M | $385.77M | $313.23M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $41.23B | $40.44B | $29.50B | $26.77B | $25.73B | $16.23B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $1.76B | $0 | $5.00M | $1.76B | $1.37B | $383.40M |
| Total Liabilities | $37.28B | $36.44B | $25.90B | $21.82B | $20.91B | $12.73B |
| Stockholders' Equity | $3.95B | $4.00B | $3.59B | $4.95B | $4.83B | $3.51B |
| Retained Earnings | $1.42B | $1.02B | $409.39M | $1.65B | $1.18B | ($285.52M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2014 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $701.97M | $502.96M | $483.87M | $483.97M | $608.03M | $332.11M |
| Investing Cash Flow | ($3.57B) | ($5.71B) | ($1.68B) | ($631.31M) | ($917.19M) | $170.92M |
| Financing Cash Flow | $1.05B | $6.11B | $3.72B | ($537.94M) | $296.50M | ($722.86M) |
| CapEx | $20.13M | $17.26M | $12.53M | $15.10M | $12.38M | $2.67M |
| Free Cash Flow | $681.84M | $485.69M | $471.34M | $468.86M | $595.64M | $329.44M |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2014 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 34.8% | 60.8% | -93.0% | 46.5% | 48.3% | - |
| EBITDA margin | 35.6% | 61.6% | -92.1% | 47.2% | 49.1% | - |
| Net margin | 26.0% | 44.9% | -99.0% | 34.4% | 35.5% | - |
| Free cash flow margin | 41.8% | 35.9% | 37.7% | 34.4% | 45.5% | - |
| FCF / Net income | 1.61 | 0.80 | -0.38 | 1.00 | 1.28 | 1.95 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 25.4% | 26.2% | - | 26.0% | 26.5% | 40.3% |
| Return on assets | 1.0% | 1.5% | -4.2% | 1.8% | 1.8% | 1.0% |
| Return on equity | 10.7% | 15.2% | -34.4% | 9.5% | 9.6% | 4.8% |
| Return on invested capital | 7.4% | 15.2% | -25.5% | 7.0% | 7.5% | 2.6% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.45 | 0.00 | 0.00 | 0.36 | 0.28 | 0.11 |
| Debt / Assets | 0.04 | 0.00 | 0.00 | 0.07 | 0.05 | 0.02 |
| Debt / EBITDA | 3.04 | 0.00 | - | 2.73 | 2.13 | 2.18 |
| Interest coverage | 2.1x | 15.0x | -13.1x | 3.1x | 5.2x | 4.0x |
| Equity multiplier | 10.44 | 10.11 | 8.21 | 5.40 | 5.33 | 4.63 |
| Liabilities / Assets | 0.90 | 0.90 | 0.88 | 0.81 | 0.81 | 0.78 |
| Efficiency | ||||||
| Asset turnover | 0.04 | 0.03 | 0.04 | 0.05 | 0.05 | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 20.6% | 8.3% | -8.3% | 4.0% | - | - |
| Revenue CAGR (3y) | 6.2% | 1.1% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -31.0% | - | - | -0.1% | - | 125.8% |
| Net income growth (YoY) | -30.2% | - | - | 0.7% | - | 274.4% |
| EPS growth (YoY) | -33.9% | - | - | 4.8% | - | 77.8% |
| EPS CAGR (3y) | -4.8% | 11.1% | - | - | - | - |
| EPS CAGR (5y) | - | - | - | 15.2% | 28.1% | - |
| FCF growth (YoY) | 40.4% | 3.0% | 0.5% | -21.3% | - | 606.2% |
| FCF CAGR (5y) | - | - | - | 7.3% | 66.4% | - |
| Book value growth (YoY) | -1.2% | 11.3% | -27.4% | 2.7% | - | 333.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$49.69M totalNoninterest Income$24.84M · 50.0%
Service Charges On Deposit Accounts$13.27M · 26.7%
Other Commissions And Fees$11.02M · 22.2%
Other$556.0K · 1.1%
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- -No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: National Commercial Banks
Comparing PACWEST BANCORP against the 5 most active filers in the same SIC group.