PacWest Bancorp: Margin Squeeze Continues, Current 6.5% Yield Safe For Now
PacWest Bancorp: Margin Squeeze Continues, Current 6.5% Yield Safe For Now 32019 earnings were weak and the headline optics were “managed;” lower provision, securities gains, lower tax rate, fewer shares outstanding. The margin squeeze continues to erode the bank’s core earnings, but management continues to drive costs down with a 42.7% efficiency ratio. Credit quality is excellent. The dividend which provides a …
News story posted on 2020-01-27T04:58:00.0000000Z