In the Q3, Pacwest Bancorp's corporate clients experienced a fall by -42.11 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -0.89 %. During the corresponding time, Pacwest Bancorp saw a revenue deteriorated by -52.93 % year on year, sequentially revenue grew by 211.71 %. While revenue at the Pacwest Bancorp's corporate clients fell by -28.04 % year on year, sequentially revenue fell by -0.54 %.
Customers of Pacwest Bancorp saw their costs of revenue fall by -42.11 % in Q3 compare to a year ago, sequentially costs of revenue were trimmed by -0.89 %, for the same period Pacwest Bancorp revnue deteriorated by -52.93 % year on year, sequentially revenue grew by 211.71 %.
Pacwest Bancorp's Comment on Sales, Marketing and Customers
We offer products and services under the brand names of Pacific Western as well
as its business groups, CapitalSource and Square 1 Bank. CapitalSource focuses
on providing cash flow, asset-based, equipment and real estate loans and treasury
management services to established middle market businesses on a national basis.
Square 1 Bank focuses on providing a comprehensive suite of financial products
tailored to service entrepreneurial businesses and their venture capital and private
equity investors, with offices located in key innovation hubs across the United
States. Square 1 Asset Management, Inc., a wholly-owned subsidiary of the Bank
and a SEC-registered investment adviser, provides investment advisory and asset
management services to select clients.
Pacwest Bancorp’s Comment on Sales, Marketing and Customers
We offer products and services under the brand names of Pacific Western as well
as its business groups, CapitalSource and Square 1 Bank. CapitalSource focuses
on providing cash flow, asset-based, equipment and real estate loans and treasury
management services to established middle market businesses on a national basis.
Square 1 Bank focuses on providing a comprehensive suite of financial products
tailored to service entrepreneurial businesses and their venture capital and private
equity investors, with offices located in key innovation hubs across the United
States. Square 1 Asset Management, Inc., a wholly-owned subsidiary of the Bank
and a SEC-registered investment adviser, provides investment advisory and asset
management services to select clients.
Sources:
Pacwest Bancorp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Pacwest Bancorp’s corporate clients.
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