Banc of California Management

Management criteria checks 2/4

Banc of California's CEO is Paul Taylor, appointed in Jul 2022, has a tenure of 1.42 years. total yearly compensation is $5.27M, comprised of 7.9% salary and 92.1% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth $897.54K. The average tenure of the management team and the board of directors is 4 years and 9.7 years respectively.

Key information

Paul Taylor

Chief executive officer

US$5.3m

Total compensation

CEO salary percentage	7.9%
CEO tenure	1.4yrs
CEO ownership	0.1%
Management average tenure	4yrs
Board average tenure	9.7yrs

Recent management updates

Recent updates

Need To Know: Analysts Just Made A Substantial Cut To Their PacWest Bancorp (NASDAQ:PACW) Estimates

Mar 25

PacWest Bancorp's (NASDAQ:PACW) Dividend Will Be $0.25

Feb 04

PacWest Bancorp GAAP EPS of $1.02 misses by $0.05, revenue of $373.8M misses by $7.02M

Oct 19

CEO Compensation Analysis

How has Paul Taylor's remuneration changed compared to Banc of California's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-US$1b
Jun 30 2023	n/a	n/a	-US$1b
Mar 31 2023	n/a	n/a	-US$927m
Dec 31 2022	US$5m	US$419k	US$397m
Sep 30 2022	n/a	n/a	US$492m
Jun 30 2022	n/a	n/a	US$509m
Mar 31 2022	n/a	n/a	US$567m
Dec 31 2021	US$175k	n/a	US$597m

Compensation vs Market: Paul's total compensation ($USD5.27M) is above average for companies of similar size in the US market ($USD3.42M).

Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.

CEO

Paul Taylor (62 yo)

1.4yrs

Tenure

US$5,269,647

Compensation

Mr. Paul W. Taylor is the Chief Executive Officer of PacWest Bancorp and Pacific Western Bank since January 1, 2023. He is a Director and President of PacWest Bancorp and Pacific Western Bank since July 1,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Matthew Wagner	Executive Chairman	23.9yrs	US$4.27m	0.82% $ 7.3m
Paul Taylor	CEO, President & Director	1.4yrs	US$5.27m	0.10% $ 897.5k
Kevin Thompson	Executive VP & CFO	1.1yrs	US$1.23m	0.037% $ 327.2k
Mark Yung	Executive VP & COO	4.6yrs	US$3.95m	0.11% $ 961.6k
William Black	Executive Vice President of Strategy & Corporate Development	3.4yrs	US$3.28m	0.11% $ 977.3k
Monica Sparks	Executive VP & Chief Accounting Officer	3.3yrs	no data	0.015% $ 133.0k
Angela Kelley	Executive VP	2.5yrs	no data	0.029% $ 258.5k
Rebecca Cordes	Executive Vice President of Human Resources	5yrs	no data	0.037% $ 328.9k
Christopher Blake	Executive VP	5.9yrs	US$2.53m	0.093% $ 830.1k
Bryan Corsini	Chief Credit Officer & Executive VP	9.9yrs	US$1.73m	0.075% $ 674.1k
Stanley Ivie	Executive VP & Chief Risk Officer	7.8yrs	US$2.91m	0.061% $ 548.1k
Laird Boulden	Executive VP & Vice Chairman - Pacific Western Bank	9.7yrs	US$2.37m	no data

4.0yrs

Average Tenure

61.5yo

Average Age

Experienced Management: PACW's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Matthew Wagner	Executive Chairman	23.9yrs	US$4.27m	0.82% $ 7.3m
Paul Taylor	CEO, President & Director	2.9yrs	US$5.27m	0.10% $ 897.5k
C. Hosler	Independent Director	9.7yrs	US$170.99k	0.069% $ 616.2k
John Eggemeyer	Lead Independent Director	23.9yrs	US$436.59k	0.25% $ 2.2m
Roger Molvar	Independent Director	9.7yrs	US$180.99k	0.035% $ 316.1k
Stephanie Mudick	Independent Director	1.3yrs	US$99.23k	0.022% $ 198.5k
Susan Lester	Independent Director	20.9yrs	US$240.99k	0.043% $ 387.1k
Paul Burke	Independent Director	8.2yrs	US$200.99k	0.060% $ 535.1k
Craig Carlson	Independent Director	13.1yrs	US$190.99k	0.031% $ 273.2k
Tanya Acker	Independent Director	7.1yrs	US$160.99k	0.031% $ 273.6k
Polly Jessen	Independent Director	2.3yrs	US$160.99k	0.017% $ 149.1k

9.7yrs

Average Tenure

66yo

Average Age

Experienced Board: PACW's board of directors are considered experienced (9.7 years average tenure).

Banc of California Management

Management criteria checks 2/4

Key information

Recent management updates

Banc of California, Inc. Appoints Michael David as Executive Vice President for Technology Banking-West

Banc of California, Inc. Announces Board Appointments

Pacwest Bancorp Elects Stephanie B. Mudick to Serve as Directors

CEO, President & Director recently bought US$506k worth of stock

CEO & Director recently sold US$429k worth of stock

CEO & Director recently sold US$1.7m worth of stock

Recent updates

Banc of California, Inc. Reports Net Charge Off for the First Quarter Ended March 31, 2024

Banc of California, Inc. to Report Q1, 2024 Results on Apr 23, 2024

Banc of California, Inc. has filed a Follow-on Equity Offering in the amount of $752.315023 million.

Banc of California, Inc. Appoints Michael David as Executive Vice President for Technology Banking-West

Banc of California, Inc. Declares Quarterly Cash Dividend on Outstanding Common Stock, Payable on April 1, 2024

Banc of California, Inc. Reports Net Charge-Offs for the Quarter Ended December 31, 2023

Banc of California, Inc. to Report Q4, 2023 Results on Jan 25, 2024

PacWest Bancorp Files Form 15

PacWest Bancorp Files Form 15

Banc of California, Inc. Announces Board Appointments

Price target decreased by 10% to US$9.45

PacWest Bancorp(NasdaqGS:PACW) dropped from NASDAQ Composite Index

PacWest Bancorp(NasdaqGS:PACW) dropped from S&P 1000

PacWest Bancorp Announces Quarterly Dividend, Payable on November 27, 2023

The Gross Law Firm Notifies Shareholders of PacWest Bancorp of A Class Action Lawsuit

The Law Offices of Frank R. Cruz Announces Fraud Class Action Lawsuit Against PacWest Bancorp

PacWest Bancorp to Report Q3, 2023 Results on Oct 24, 2023

Price target decreased by 9.2% to US$10.50

Robbins LLP Informs Shareholders of Class Action Filed Against PacWest Bancorp

PacWest Bancorp Announces Quarterly Cash Dividend, Payable on August 31, 2023

Banc of California, Inc. (NYSE:BANC) entered into a definitive agreement to acquire PacWest Bancorp (NasdaqGS:PACW) from shareholders for approximately $1.057 billion.

Pacwest Bancorp Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

PacWest Bancorp to Report Q2, 2023 Results on Jul 25, 2023

Price target decreased by 7.0% to US$11.93

PacWest Bancorp(NasdaqGS:PACW) dropped from Russell 1000 Dynamic Index

PacWest Bancorp(NasdaqGS:PACW) dropped from S&P Banks Select Industry Index

Pacwest Bancorp Elects Stephanie B. Mudick to Serve as Directors

Consensus EPS estimates fall by 140%

PacWest Reportedly Weighing Strategic Options, Including Possible Sale

Price target decreased by 15% to US$14.81

Now 59% undervalued after recent price drop

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased by 11% to US$27.00

Need To Know: Analysts Just Made A Substantial Cut To Their PacWest Bancorp (NASDAQ:PACW) Estimates

Investor sentiment deteriorates as stock falls 19%

Consensus EPS estimates fall by 10%

CEO, President & Director recently bought US$506k worth of stock

Investor sentiment deteriorates as stock falls 27%

Full year 2022 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.25 per share at 3.4% yield

PacWest Bancorp's (NASDAQ:PACW) Dividend Will Be $0.25

Consensus EPS estimates fall by 11%

PacWest Bancorp Announces Quarterly Cash Dividend, Payable on February 28, 2023

Full year 2022 earnings: EPS and revenues miss analyst expectations

PacWest Bancorp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

PacWest Bancorp to Report Q4, 2022 Results on Jan 26, 2023

CEO & Director recently sold US$429k worth of stock

CEO & Director recently sold US$1.7m worth of stock

PacWest Bancorp Announces Appoints Paul W. Taylor as CEO

PacWest Bancorp and Pacific Western Bank Announce Executive Changes

Price target decreased to US$29.17

Upcoming dividend of US$0.25 per share

Pacwest Bancorp Announces Quarterly Dividends, Payable on November 30, 2022

Investor sentiment improved over the past week

Price target decreased to US$29.39

Third quarter 2022 earnings: EPS misses analyst expectations

PacWest Bancorp GAAP EPS of $1.02 misses by $0.05, revenue of $373.8M misses by $7.02M

Price target decreased to US$33.56

PacWest Bancorp to Report Q3, 2022 Results on Oct 19, 2022

Upcoming dividend of US$0.25 per share

Pacwest Bancorp and Pacific Western Bank Announces Executive Changes

PacWest Bancorp (NASDAQ:PACW) Is Paying Out A Dividend Of $0.25

PacWest Bancorp Announces Quarterly Dividend, Payable on August 31, 2022

Price target decreased to US$37.50

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

PacWest Bancorp Q2 2022 Earnings Preview

Price target decreased to US$41.89

Price target decreased to US$45.30

PacWest Bancorp to Report Q2, 2022 Results on Jul 20, 2022