This company has been acquired
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 04PacWest Bancorp GAAP EPS of $1.02 misses by $0.05, revenue of $373.8M misses by $7.02M
Oct 19PacWest Bancorp (NASDAQ:PACW) Is Paying Out A Dividend Of $0.25
Aug 05PacWest Bancorp Q2 2022 Earnings Preview
Jul 19CEO Compensation Analysis
| 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 |
|---|---|---|---|---|
| Executive Chairman | 23.9yrs | US$4.27m | 0.82% $ 7.3m | |
| CEO, President & Director | 1.4yrs | US$5.27m | 0.10% $ 897.5k | |
| Executive VP & CFO | 1.1yrs | US$1.23m | 0.037% $ 327.2k | |
| Executive VP & COO | 4.6yrs | US$3.95m | 0.11% $ 961.6k | |
| Executive Vice President of Strategy & Corporate Development | 3.4yrs | US$3.28m | 0.11% $ 977.3k | |
| Executive VP & Chief Accounting Officer | 3.3yrs | no data | 0.015% $ 133.0k | |
| Executive VP | 2.5yrs | no data | 0.029% $ 258.5k | |
| Executive Vice President of Human Resources | 5yrs | no data | 0.037% $ 328.9k | |
| Executive VP | 5.9yrs | US$2.53m | 0.093% $ 830.1k | |
| Chief Credit Officer & Executive VP | 9.9yrs | US$1.73m | 0.075% $ 674.1k | |
| Executive VP & Chief Risk Officer | 7.8yrs | US$2.91m | 0.061% $ 548.1k | |
| 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 |
|---|---|---|---|---|
| Executive Chairman | 23.9yrs | US$4.27m | 0.82% $ 7.3m | |
| CEO, President & Director | 2.9yrs | US$5.27m | 0.10% $ 897.5k | |
| Independent Director | 9.7yrs | US$170.99k | 0.069% $ 616.2k | |
| Lead Independent Director | 23.9yrs | US$436.59k | 0.25% $ 2.2m | |
| Independent Director | 9.7yrs | US$180.99k | 0.035% $ 316.1k | |
| Independent Director | 1.3yrs | US$99.23k | 0.022% $ 198.5k | |
| Independent Director | 20.9yrs | US$240.99k | 0.043% $ 387.1k | |
| Independent Director | 8.2yrs | US$200.99k | 0.060% $ 535.1k | |
| Independent Director | 13.1yrs | US$190.99k | 0.031% $ 273.2k | |
| Independent Director | 7.1yrs | US$160.99k | 0.031% $ 273.6k | |
| 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).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/12/03 04:59 |
| End of Day Share Price | 2023/11/30 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Banc of California, Inc. is covered by 26 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jared David Shaw | Barclays |
| Lana Chan | BMO Capital Markets Equity Research |
| Stephen Moss | B. Riley Securities, Inc. |