#USA #Portland #Q4 earnings #PWBK #Pacific West Bancorp

Pacific West Bancorp Reports Fourth Quarter Financial Results

January 28, 2026, Portland, Oregon – Pacific West Bancorp, also known as PWBK, has revealed its financial results for the fourth quarter of 2025, marking a significant milestone in the company's growth trajectory.

Summary of Financial Performance

For the quarter ending December 31, 2025, Pacific West Bancorp recorded a net income of $126,000, translating to $0.05 per diluted share. The year-long performance was even more promising, concluding with a total net income of $646,000 or $0.24 per diluted share, a strong rebound from a net loss in the previous year.

Loans and Deposits Growth

Total loans amounted to $276.6 million by year’s end, reflecting a modest increase of $4.4 million, or 1.6%, from the previous quarter. Compared to the same quarter last year, this figure shows a remarkable growth of 9.4%, with a year-on-year increase of $23.8 million.

Deposits also rose significantly, closing at $342.2 million, up by $25.6 million (8.1%) from Q3 and an impressive 25.5% or $69.5 million from the previous year. This enhancement in deposit levels underlines the bank's efficient strategies and robust market presence.

Increase in Interest Income

In terms of income, net interest income (before the provision for credit losses) surged by $235,000, equating to an 8.4% increase compared to Q3 2025, and by a notable $2.07 million, or 23.4%, from 2024. The bank's focus on restructuring its balance sheet has contributed significantly to this fruitful result.

Non-interest income showed impressive growth too, reaching $290,000 in the last quarter—a rise of 18.9% from the previous quarter, culminating in total annual non-interest income of $1 million—an extraordinary spike of over 50% year-on-year.

Strategic Balance Sheet Management

Jason Wessling, President and CEO of Pacific West Bancorp, emphasized that the continuous growth in operational earnings resulted from surpassing $18 million in interest income while simultaneously lowering interest expenses. The bank's strategy to minimize dependency on high-cost funding and enhance asset yields through loan repricing has proven effective.

Wessling noted, "Our operations reflect a successful balance of structured growth and innovative income diversification, with a primary aim to provide relationship-driven banking services to our diverse clientele."

Looking Ahead to 2026

As Pacific West Bancorp marches into 2026, it does so with a solid momentum evident both in a healthy loan pipeline and consistent improvement in margins driven by smart deposit mix adjustments. The bank concluded the year with a net interest margin of 3.37%, an improvement from 3.17% in the preceding quarter and an annual increase from 2.79% in 2024.

In conclusion, the bank's robust strategy and resilient performance indicators position it well to continue its growth trajectory and further solidify its portfolio, beneficially impacting the communities and businesses it serves.

About Pacific West Bancorp

Founded in 2004, Pacific West Bancorp is committed to providing comprehensive banking solutions across the greater Portland/Vancouver metropolitan area. The bank has upheld a community-focused ethos, catering to varying financial needs through experienced and knowledgeable banking professionals.

For further information, stock details and updates can be accessed via otcmarkets.com under the symbol PWBK.