PACIFIC CAPITAL BANCORP (NEW)Exchange

NMSSymbolPCBC

Price$37.32 (11/30/2005)

52Wk Range39.36-26.64

Yield2.14

P/E16.81

*7 Year Price Score 128.79 *12 Month Price Score 105.91*NYSE Composite Index=100 Interim Earnings (Per Share)Qtr. Mar Jun Sep Dec2002 0.57 0.32 0.38 0.322003 0.79 0.29 0.29 0.282004 0.93 0.36 0.32 0.312005 1.29 0.31 0.31 ...Interim Dividends (Per Share)Amt Decl Ex Rec Pay0.18Q 1/3/2005 1/21/2005 1/25/2005 2/15/20050.20Q 4/1/2005 4/15/2005 4/19/2005 5/10/20050.20Q 7/1/2005 7/15/2005 7/19/2005 8/9/20050.20Q 10/3/2005 10/14/2005 10/18/2005 11/8/2005

Indicated Div: $0.80Valuation AnalysisForecast P/E N/AMarket Cap $1.7 Billion Book Value 526.1 MillionPrice/Book 3.27 Price/Sales 3.35Dividend Achiever StatusRank 65 10 Year Growth Rate 17.09%Total Years of Dividend Growth 35

TRADING VOLUME (thousand shares)0

4

8

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16

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28

32

36

40

1996 1997 1998 1999 2000 2001 2002 2003 2004 20050358

Business Summary: Commercial Banking (MIC: 8.1 SIC: 6022 NAIC: 522110)Pacific Capital Bancorp is the parent of Pacific Capital Bank, N.A., a nationally chartered bank with four brands: Santa Barbara Bank andTrust, First National Bank of Central California, South Valley National Bank and San Benito Bank. The banks provide commercial bankingservices to households, professionals, and small- to medium-sized businesses. Co. also offers products related to income tax returns filedelectronically. As of Dec 31 2004, Co. had assets of $6.02 billion and deposits of $4.51 billion. Pacific Capital Bank, N.A. is a 45-branchcommunity bank network serving the California central coast counties of Monterey, Santa Cruz, San Benito, Santa Barbara, Ventura andSanta Clara. Recent Developments: For the quarter ended Sep 30 2005, net income decreased 1.3% to $14.4 million from $14.6 million in theyear-earlier quarter. Net interest income was $63.5 million, up 9.2% from $58.2 million the year before. Provision for loan losses was $2.0million versus $2.7 million in the prior-year quarter, a decrease of 28.2%. Non-interest income rose 31.8% to $14.8 million from $11.2million in the 2004 quarter, while non-interest expense advanced 24.1% to $53.8 million from $43.3 million. Prospects: Co. is experiencing solid revenue growth, reflecting significant increases in both net interest income and non-interest revenueattributable to the acquisition of FSLO, organic growth in the loan portfolio and higher yields on loans and securities, particularly in itsmulti-family residential and consumer portfolios. Looking ahead, Co. expects its overall transaction volume during the 2006 tax refundanticipation loans (RAL) and refund transfer (RT) season to increase about 8.0% and expects the product mix to be 25.0% RALs and 75.0%RTs. For the full-year 2005, Co. has narrowed its earnings guidance range to $2.17 to $2.20, compared with its previous guidance of $2.14 to$2.20.Financial Data

Address: 1021 Anacapa Street, 3rdFloor, Santa Barbara, CA 93101 Telephone: 805-564-6300Web Site: www.pcbancorp.com

Officers: David W. Spainhour - Chmn. D. VernonHorton - Vice-Chmn. Transfer Agents: Norwest Shareowner Services, South St. Paul, MN

Investor Contact: 805-564-6298No of Institutions: 118Shares: 15,097,273 % Held: 32.86

(US$ in Thousands) 9 Mos 6 Mos 3 Mos 12/31/2004 12/31/2003 12/31/2002 12/31/2001 12/31/2000Earnings Per Share 2.22 2.23 2.28 1.92 1.64 1.61 1.19 1.09Cash Flow Per Share 4.05 4.11 3.10 2.48 2.66 1.94 2.05 1.01Tang Book Value Per Share 8.06 8.96 8.52 7.54 8.08 7.31 6.99 6.29Dividends Per Share 0.760 0.740 0.705 0.690 0.600 0.517 0.495 0.450Dividend Payout % 34.23 33.18 30.92 35.94 36.53 32.24 41.71 41.45Income StatementInterest Income 324,706 231,574 145,266 326,181 272,189 266,746 291,108 290,916Interest Expense 77,119 47,494 22,883 69,211 53,933 62,799 97,226 110,526Net Interest Income 247,587 184,080 122,383 256,970 218,256 203,947 193,882 180,390Provision for Losses 48,880 46,913 39,012 12,809 18,286 19,727 26,671 14,440Non-Interest Income 97,927 83,137 65,158 75,635 81,745 73,784 65,726 49,388Non-Interest Expense 155,657 101,841 53,508 179,906 163,702 143,288 143,150 131,957Income Before Taxes 140,977 118,463 95,021 139,890 118,013 114,716 89,787 83,381Income Taxes 52,764 44,614 35,615 51,946 42,342 39,865 33,676 31,925Net Income 88,213 73,849 59,406 87,944 75,671 74,851 56,111 51,456Average Shares 46,391 46,220 46,123 45,911 46,082 46,653 47,358 47,304Balance SheetNet Loans & Leases 4,588,181 4,211,036 4,164,562 4,008,317 3,131,329 2,965,999 2,750,220 2,481,979Total Assets 6,689,848 6,167,481 6,181,827 6,024,785 4,859,630 4,219,213 3,960,929 3,677,625Total Deposits 5,085,081 4,624,032 4,558,016 4,512,290 3,854,717 3,516,077 3,365,575 3,102,819Total Liabilities 6,163,750 5,642,357 5,677,096 5,565,103 4,460,582 3,848,138 3,635,053 3,381,364Stockholders' Equity 526,098 525,124 504,731 459,682 399,048 371,075 325,876 296,261Shares Outstanding 46,060 45,895 45,811 45,719 45,284 46,066 46,590 47,077Statistical RecordReturn on Assets % 1.64 1.73 1.77 1.61 1.67 1.83 1.47 1.57Return on Equity % 20.86 21.41 22.12 20.43 19.65 21.48 18.04 19.33Net Interest Margin % 68.18 71.48 84.25 78.78 80.19 76.46 66.60 62.01Efficiency Ratio % 49.86 46.35 25.43 44.77 46.25 42.08 40.12 38.78Loans to Deposits 0.90 0.91 0.91 0.89 0.81 0.84 0.82 0.80Price Range 39.36-26.64 37.00-26.30 34.54-25.87 34.54-25.87 28.66-19.03 21.75-15.37 17.13-14.31 17.30-13.18P/E Ratio 17.73-12.00 16.59-11.79 15.15-11.35 17.99-13.47 17.48-11.60 13.51-9.55 14.39-12.02 15.87-12.10Average Yield % 2.39 2.42 2.39 2.37 2.47 2.81 3.12 2.96

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