Los Angeles Business Journal

EARNINGS ROUNDUP: BBCN, Wilshire, Hanmi

By James Rufus Koren Tuesday, October 22, 2013

BBCN Bancorp has reported growing profits, with net income of $23.5 million (30 cents a share) for the quarter ended Sept. 30. That’s up 28 percent from net income of $18.4 million (24 cents a share) in the same period last year. Analysts had expected earnings of 28 cents a share. Earnings were reported on Monday after the markets close. BBCN shares rose sharply Tuesday morning but fell throughout the day to close at $14.65, down 1.4 percent from Monday’s close.

Also late Monday, Wilshire Bancorp reported profits of $11.3 million (16 cents a share) for the quarter, just above analysts’ expectations of 15 cents a share. Earnings were lower than in the same quarter last year because of a tax benefit and other one-time credits in the prior period. Shares closed Tuesday at $8.67, up 1.3 percent.

Hanmi Financial Corp. announced earnings before markets opened Tuesday and reported profits of $10.3 million (32 cents a share) for the quarter ended Sept. 30. That was in line with analysts’ estimates, though lower than the bank’s profit in last year’s third quarter. Hanmi shares closed at $17.31 Tuesday, down 2.4 percent.