Shares of Pacwest Bancorp (PACW) are trading -7% lower at a price of $27.005 at the time of this writing.

PacWest Bancorp EPS was $1.02, missing consensus by $0.04, while 
Revenue of $358.27M was up 16.8% year-over-year, and $4.13M more than analyst expectations. Meanwhile, Provision for Credit Losses was  $11.5 Million in 2Q22- $1.5 Million Related to Held-to-Maturity Securities (HTM)- compared to no Provision for Credit Losses in 1Q22.

Pacwest Bancorp has been trading between a 52-week high of $51.13 and a 52-week low of $25.48. The stock has a market cap of $3.17 Billion.

PacWest Bancorp ('PacWest') is a bank holding company with over $29 billion in assets headquartered in Los Angeles, California, with executive offices in Denver, Colorado, with one wholly-owned banking subsidiary, Pacific Western Bank (the 'Bank'). The Bank has 70 full-service branches located in California, one branch located in Durham, North Carolina, and one branch located in Denver, Colorado. Its Community Banking group provides lending and comprehensive deposit and treasury management services to small and medium-sized businesses conducted primarily through its California-based branch offices and Denver, Colorado branch office.

Pacwest Bancorp Misses Q2 EPS by 5c By Investing.com
Investing.com 07-20-22

PacWest Bancorp GAAP EPS of $1.02 misses by $0.04, revenue of $358.27M beats by $4.13M
Seeking Alpha 07-20-22

PacWest Bancorp Announces Results for the Second Quarter 2022
GlobeNewswire 07-20-22

PacWest Bancorp Q2 2022 Earnings Preview
Seeking Alpha 07-19-22

PacWest Bancorp Announces Second Quarter Earnings Release Date and Conference Call
GlobeNewswire 07-05-22