CSIMarket
 

Pacific Continental Corp  (PCBK)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

Pacific Continental's

Competitiveness


 

PCBK Sales vs. its Competitors Q3 2017



Comparing the current results to its competitors, Pacific Continental reported Revenue increase in the 3 quarter 2017 by 22.19 % year on year.
The sales growth was above Pacific Continental's competitors' average revenue growth of 9.77 %, achieved in the same quarter.

List of PCBK Competitors

With a net margin of 33.12 % Pacific Continental achieved higher profitability than its competitors.

More on PCBK Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Pacific Continental CorpNet Income in the 3 quarter 2017 grew year on year by 77.8%, faster than the Pacific Continental's competitors average income growth of 11.24 %

<<  PCBK Stock Performance Comparisons


Pacific Continental's Comment on Competitors and Industry Peers


Commercial banking in the States of Oregon and Washington is highly competitive. The Company competes with other banks, as well as with savings and loan associations, savings banks, credit unions, mortgage companies, investment banks, insurance companies, and other financial institutions. Banking in Oregon and Washington is dominated by several large banking institutions including U.S. Bank, Wells Fargo Bank, Bank of America, Key Bank and Chase. Together these banks account for a majority of the total commercial and savings bank deposits in Oregon and Washington. These competitors have significantly greater financial resources and offer a much greater number of branch locations. The Company offsets the advantage of the larger competitors by focusing on certain market segments, providing high levels of customization and personal service, and tailoring its technology, products and services to the specific market segments that the Company serves.


In addition to larger institutions, numerous “community” banks and credit unions operated, expanded or moved into the Company’s three primary markets and have developed a similar focus to that of the Company. These institutions have further increased competition in all three of the Company’s primary markets. This number of similar financial institutions and an increased focus by larger institutions in the Company’s primary markets has led to intensified competition in all aspects of the Company’s business. During 2015, the Company saw increased competition, specifically regarding loan pricing. The Bank saw competitors willing to accept yields or terms not desirable to the Company and some deals were lost due to the Company’s unwillingness to compromise on deal pricing. The Company remained diligent in its underwriting standards during the year and did not loosen credit standards to achieve growth.


The adoption of the Gramm-Leach-Bliley Act of 1999 (the “GLB Act”) led to further intensification of competition in the financial services industry. The GLB Act eliminated many of the barriers to affiliation among providers of various types of financial services and has permitted business combinations among financial service providers such as banks, insurance companies, securities or brokerage firms and other financial service providers. Additionally, the rapid adoption of financial services through the Internet has reduced or even eliminated many barriers to entry by financial service providers physically located outside our market areas. For example, remote deposit services allow depository companies physically located in other geographical markets to service local businesses with minimal cost of entry. Although the Company has been able to compete effectively in the financial services business in its markets to date, it may not be able to continue to do so in the future.