BEVERLY HILLS, Calif. (AP) _ PacWest Bancorp (PACW) on Thursday reported fourth-quarter profit of $49.5 million.

The Beverly Hills, California-based bank said it had earnings of 33 cents per share. Earnings, adjusted for investment costs and asset impairment costs, came to 86 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The holding company for Pacific Western Bank posted revenue of $454.1 million in the period. Its revenue net of interest expense was $353.3 million, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $378.6 million.

For the year, the company reported profit of $423.6 million, or $3.37 per share. Revenue was reported as $1.37 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PACW at https://www.zacks.com/ap/PACW

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