PacWest Bancorp Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Announces Net Charge-Offs for the Fourth Quarter Ended December 31, 2018
For the year, the company reported total interest income of $1,161,670,000 compared to $1,052,516,000 a year ago. Net interest income was $1,040,914,000 compared to $979,571,000 a year ago. Net earnings were $465,339,000 compared to $357,818,000 a year ago. Basic earnings per share were $3.72 compared to $2.91 a year ago.
For the fourth quarter, the company announced net charge-offs of $19,948,000.