PacWest Bancorp announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported total interest income of $302,739,000 compared to $284,597,000 a year ago. Net interest income was $261,765,000 compared to $262,956,000 a year ago. Net earnings were $115,041,000 compared to $84,037,000 a year ago. Basic earnings per share were $0.93 compared to $0.66 a year ago.

For the year, the company reported total interest income of $1,161,670,000 compared to $1,052,516,000 a year ago. Net interest income was $1,040,914,000 compared to $979,571,000 a year ago. Net earnings were $465,339,000 compared to $357,818,000 a year ago. Basic earnings per share were $3.72 compared to $2.91 a year ago.

For the fourth quarter, the company announced net charge-offs of $19,948,000.