Pacwest Bancorp's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Pacwest Bancorp (PACW) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Pacwest Bancorp vs Its Competitors
- TTM: Trailing 12-month revenue of 551M vs 344,655M combined for its competitors (0.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+26.7% annualized vs trailing 12 months), vs decelerating (-12.8%) for its tracked peer group.
- Growth: Pacwest Bancorp generated -52.9% revenue growth year over year in Q3 2023, vs 0.2% for its competitors combined.
- Profitability: Its -13.4% net margin compares with 23.0% for the peer group.
- Peer revenue share: Pacwest Bancorp accounted for 0.2% of combined revenue among its tracked peer group, down from 0.5% a year earlier.
- Peer differentiation: Revenue per employee of $0.28M compares with $0.66M for the peer group (0.4x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
PACW Sales vs. its Competitors, Q3 2023
Pacwest Bancorp reported revenue contraction of 52.93 % year on year in Q3 2023, below its competitors' combined revenue growth of 0.22 %.
With a net margin of -13.37 %, Pacwest Bancorp reported lower profitability than its competitors (22.96 %).
Pacwest Bancorp generated 0.23 % of the combined sales of its peer group, down from 0.49 % a year earlier.
API endpoints for this dataset
Pacwest Bancorp vs. its Competitors, Q3 2023
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Pacwest Bancorp reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Pacwest Bancorp and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Pacwest Bancorp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Pacwest Bancorp's competitor groups requires a Commercial License.
For context: the Commercial Banks industry grew revenue -5.9% year over year, combined, vs -52.9% for Pacwest Bancorp. Pacwest Bancorp's share of combined industry revenue moved from 0.13% to 0.07%, a loss of 0.07 percentage points.
Pacwest Bancorp's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Pacwest Bancorp | - | No | No | Yes |
| Competitors combined (20) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
PACW Stock Performance relative to its Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Northwest Bancshares inc | 282.9% | Outperformed |
| 2 | Pnc Financial Services Group Inc | 282.9% | Outperformed |
| 3 | M and t Bank Corporation | 282.9% | Outperformed |
| 4 | Security National Financial Corporation | 282.9% | Outperformed |
| 5 | Truist Financial Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Pacwest Bancorp's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Pacwest Bancorp's Comment on Competition and Industry Peers
The banking business is highly competitive. We compete for loans and leases, deposits, employees and customers nationwide with other commercial banks and financial services institutions. Some of these competitors are larger in total assets and capitalization, with more offices over a wider geographic area and offer a broader range of financial services than our operations. Our most direct competition for loans comes from larger regional and national banks, diversified finance companies, venture debt funds and service-focused community banks that target the same customers we do. In recent years, competition has increased from institutions not subject to the same regulatory restrictions as domestic banks and bank holding companies. Those competitors include non-bank specialty lenders, insurance companies, private investment funds, investment banks, and other financial and non-financial institutions.
Competition is based on a number of factors, including interest rates charged
on loans and leases and paid on deposits, the scope and type of banking and
financial services offered, convenience of our branch locations, customer service,
technological changes and regulatory constraints. Many of our competitors are
large companies that have substantial capital, technological and marketing resources.
Some of our competitors have substantial market positions and have access to
a lower cost of capital or a less expensive source of funds. Because of economies
of scale, our larger, nationwide competitors may offer loan pricing that is
more attractive that what we can offer.
Economic factors, along with legislative and technological changes, will have
an ongoing impact on the competitive environment within the financial services
industry. We work to anticipate and adapt to dynamic competitive conditions
whether it is by developing and marketing innovative products and services,
adopting or developing new technologies that differentiate our products and
services, cross marketing, or providing highly personalized banking services.
We strive to distinguish ourselves from other banks and financial services providers
in our marketplace by providing an extremely high level of service to enhance
customer loyalty and to attract and retain business.
We differentiate ourselves in the marketplace through the quality of service
we provide to borrowers while maintaining competitive interest rates, loan fees
and other loan terms. We emphasize personalized relationship banking services
and the efficient decision-making of our lending business units. We compete
effectively based on our in-depth knowledge of our borrowers industries and
their business needs based upon information received from our borrowers key
decision-makers, analysis by our experienced professionals and interaction between
these two groups; our breadth of loan product offerings and flexible and creative
approach to structuring products that meet our borrowers business and timing
needs; and our dedication to superior client service. However, we can provide
no assurance as to the effectiveness of these efforts on our future business
or results of operations, as to our continued ability to anticipate and adapt
to changing conditions, and as to sufficiently improving our services and/or
banking products in order to successfully compete in the marketplace.
Publicly Traded Peers of Pacwest Bancorp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Pacwest Bancorp |
3,392.99 | 551.04 |
 Bank Of America Corporation |
360,893.33 | 122,968.00 |
 Capital one financial corp |
119,340.10 | 54,798.00 |
 Pnc Financial Services Group Inc |
91,776.87 | 25,673.00 |
 Truist Financial Corporation |
61,525.58 | 18,277.00 |
 D r Horton Inc |
43,958.39 | 33,349.80 |
| SUBTOTAL | 824,958.96 | 345,205.45 |
Sign in to see all competitors of Pacwest Bancorp.
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Pacwest Bancorp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Pacwest Bancorp's Competitors Named by the Company
Competitive relationships identified from Pacwest Bancorp reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Banc Of California Inc | Company report | 85% |
| Capital one financial corp | Company report | 85% |
| Bank Of America Corporation | Company report | 85% |
| M and t Bank Corporation | Company report | 85% |
| Huntington Bancshares Incorporated | Company report | 85% |
| Sterling Bancorp | Company report | 85% |
| Ally Financial Inc | Company report | 85% |
| Pnc Financial Services Group Inc | Company report | 85% |
| Northwest Bancshares inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Pacwest Bancorp's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Pacwest Bancorp's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Capital one financial corp | Credit Card 74.32 % |
| D r Horton Inc | HomeBuildingOps 94.14 % |
| Pultegroup Inc | Florida 27.75 % |
| Lennar Corp | Homebuilding West 32.20 % |
| Walker and Dunlop Inc | Capital Markets 53.91 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Pacwest Bancorp's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Pacwest Bancorp | 3,393 | 275,520 | -683,337 |
| Bank Of America Corporation | 360,893 | 577,315 | 150,793 |
| Capital one financial corp | 119,340 | 718,191 | 142,595 |
| Pnc Financial Services Group Inc | 91,777 | 463,973 | 143,513 |
| Truist Financial Corporation | 61,526 | 492,827 | 139,864 |
| D r Horton Inc | 43,958 | 2,325,486 | 215,808 |
| PEERS TOTAL | 821,566 | 663,913 | 136,874 |
Pacwest Bancorp's Valuation vs Competitive Position
Valuation multiples vs the Commercial Banks industry average (2 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Commercial Banks industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 10.9x | - |
| EV / EBITDA | - | 5.2x | - |
| P/B | 1.3x | 1.6x | -0.3x |
| Return on Equity | -46.91 % | industry aggregate | -58.19 % |
| Return on Invested Capital | -3.47 % | 0.00 % (avg) | -3.47 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Pacwest Bancorp's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 126.37 % | 24.40 % | -99.98 % | 8.96 % | -0.82 % | -27.62 % | 77.67 % | -27.73 % |
| Operating Margin | - | 55.69 % | - | 55.33 % | 55.76 % | - | - | - |
| Return on Invested Capital | - | 5.71 % | - | 5.64 % | 5.36 % | -14.48 % | 9.85 % | 1.25 % |
| P/E | - | 14.2x | - | 10.1x | 9.7x | - | 8.8x | 7.2x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Pacwest Bancorp's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 3.48 % vs industry average 0.98 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Pacwest Bancorp's dedicated Suppliers and Customers pages, not here.
Pacwest Bancorp's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+26.7% annualized vs trailing 12 months).
Weaknesses
- Return on equity 58.2 points below the industry aggregate.
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- Industry revenue growing at a healthy 10.8% median pace.
- A meaningful share of competitors (40.00 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-12.8% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
Pacwest Bancorp's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Pacwest Bancorp | 0.18 | 1.05 | 2.26 |
| Bank Of America Corporation | 0.10 | 0.52 | 1.27 |
| Capital one financial corp | 0.05 | 1.03 | 0.58 |
| Pnc Financial Services Group Inc | 0.04 | 0.02 | 1.20 |
| Truist Financial Corporation | 0.07 | 0.16 | 1.08 |
| D r Horton Inc | 0.64 | 6.12 | 0.19 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Pacwest Bancorp's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Pacwest Bancorp | Q3 2023 | -52.9 % | - |
| Bank Of America Corporation | Q3 2026 | +3.2 % | -16.8 % |
| Capital one financial corp | Q3 2026 | +29.3 % | +12.0 % |
| Pnc Financial Services Group Inc | Q3 2026 | +10.9 % | +14.2 % |
| Truist Financial Corporation | Q3 2026 | -15.8 % | -45.0 % |
| D r Horton Inc | Q2 2026 | +0.0 % | -11.1 % |
| PEERS TOTAL | +3.9 % | -12.8 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Pacwest Bancorp's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Pacwest Bancorp | Q3 2023 | - | +7.9 % |
| Bank Of America Corporation | Q3 2026 | - | - |
| Capital one financial corp | Q3 2026 | +7.4 % | +1.3 % |
| Pnc Financial Services Group Inc | Q3 2026 | - | - |
| Truist Financial Corporation | Q3 2026 | - | - |
| D r Horton Inc | Q2 2026 | +0.9 % | -8.7 % |
Pacwest Bancorp's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Pacwest Bancorp | - | - | - |
| Bank Of America Corporation | 0.93% | 1.18% | 10.69% |
| Capital one financial corp | 1.61% | 1.59% | 9.69% |
| Pnc Financial Services Group Inc | 1.31% | 1.34% | 12.67% |
| Truist Financial Corporation | 0.94% | 1.59% | 8.14% |
| D r Horton Inc | 8.66% | 9.84% | 12.62% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Pacwest Bancorp's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Pacwest Bancorp | - | 6.16 |
| Bank Of America Corporation | 11.93 | 2.93 |
| Capital one financial corp | 11.14 | 2.18 |
| Pnc Financial Services Group Inc | 12.20 | 3.57 |
| Truist Financial Corporation | 12.96 | 3.37 |
| D r Horton Inc | 14.95 | 1.32 |
| PEERS AVERAGE | 11.84 | 2.39 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.