Overview

* Pacific West Bancorp Q3 net income rises 139.1% quarter-over-quarter

* Net interest margin improves to 3.17% from 3.11% in prior quarter

Outlook

* Pacific West Bancorp sees strong loan pipeline heading into Q4

* Company expects full benefit to interest income from loan growth in future periods

Result Drivers

* LOAN GROWTH - Significant loan growth of $11.7 mln in Q3 contributed to increased interest income

* DEPOSIT MIX IMPROVEMENT - Strategic reduction of high-cost deposits improved net interest margin

* INVESTMENT GAINS - Sale of an investment resulted in a gain of $182 thousand, contributing to earnings

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.11

Q3 Net $310,000

Income

Q3 Basic $0.11

EPS

Q3 Net 3.17%

Interest

Margin

(%)

Q3 $171,000

Provisio

n for

Credit

Losses

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)