PacWest Bancorp Q4 Profit Rises - Quick Facts

(RTTNews) - PacWest Bancorp (PACW) reported fourth-quarter net income of $71.0 million, or $0.69 per share, compared to $3.11 million, or $0.06 per share, last year. Adjusted net earnings were $68.2 million, or $0.66 per share, for the fourth quarter of 2014.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.70 for the quarter. Analysts' estimates typically exclude special items.

Net interest income totalled $194.98 million, compared to $81.26 million, last year. Total noninterest income was $12.70 million, for the quarter. Analysts expected revenue of $209.21 million for the quarter.