Equity Analysis /
United States of America

US : PacWest Bancorp - PACW | 4Q First Look: EPS Beat on Revenue, Provision

    Contributors
    Ken Kohut
    Daniel Tamayo
    CGS-CIMB
    21 January 2021
    Published byCGS-CIMB

    Bottom line: The quarter was highlighted by strong deposit growth, which drove higher-than-projected NII, but also created incremental excess liquidity that caused NIM contraction. Fee income was strong but driven by less likely to recur items and operating expenses were well above expectations. Fu