Brief: Pacwest Bancorp Qtrly Loss Per Share $1.75

PacWest Bancorp

25/07/2023 21:59

July 25 (Reuters) - PacWest Bancorp  PACW.O :
    * QTRLY  LOSS PER SHARE $1.75
    * Q2 ADJUSTED EARNINGS PER SHARE $0.22 EXCLUDING ITEMS
    * Q2 EARNINGS PER SHARE VIEW $0.20 -- REFINITIV IBES DATA
    * QTRLY  NET INTEREST INCOME DECREASED TO $186.1 MILLION
COMPARED
TO $279.3 MILLION FOR Q1 2023
    * SINCE BEGINNING OF YEAR, WE HAVE REDUCED OUR EMPLOYEE
COUNT BY
560 EMPLOYEES, PRIMARILY AT CIVIC UNIT
    * IDENTIFIED MANY OTHER AREAS TO IMPROVE EFFICIENCY ACROSS
BANK
AND WILL BE EXECUTING ON THESE MEASURES IN COMING MONTHS
    * Q2 EARNINGS PER SHARE VIEW $0.20, REVENUE VIEW $51.4
MILLION --
REFINITIV IBES DATA


Further company coverage:  PACW.O 

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