Apr. 24 at 8:02 PM
$PWBK delivers a solid Q1: deposits up 21.3% YoY, slashed borrowings by 62.4%, and net income surged 132.2%. CEO Wessling highlights deposit growth fueling margin expansion and reduced reliance on costly funding. With NIM hitting 3.10% (+42bps YoY) and disciplined expense control, this regional bank is quietly executing. Loan pipeline looks healthy –
$14.5M in commitments waiting to deploy. Not flashy, but fundamentals are pointing north.
https://www.prnewswire.com/news-releases/pacific-west-bancorp-pwbk-announces-first-quarter-financial-results-302437690.html