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Last $10.46 USD
Change Today +0.02 / 0.19%
Volume 378.9K
WIBC On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

wilshire bancorp inc (WIBC) Snapshot

Open
$10.38
Previous Close
$10.44
Day High
$10.55
Day Low
$10.35
52 Week High
07/16/15 - $13.02
52 Week Low
10/15/14 - $8.80
Market Cap
821.4M
Average Volume 10 Days
517.9K
EPS TTM
$0.83
Shares Outstanding
78.5M
EX-Date
06/26/15
P/E TM
12.6x
Dividend
$0.24
Dividend Yield
2.01%
Current Stock Chart for WILSHIRE BANCORP INC (WIBC)

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wilshire bancorp inc (WIBC) Details

Wilshire Bancorp, Inc. operates as the holding company for Wilshire Bank that offers a range of financial products and services. The company operates in three segments: Banking Operations, Small Business Administration Lending Services, and Trade Finance Services. Its deposit products include certificates of deposit, regular savings accounts, money market accounts, checking and negotiable order of withdrawal accounts, installment savings accounts, and individual retirement accounts. The company’s loan portfolio comprises commercial real estate loans to finance the acquisition or refinance the existing mortgages on commercial properties, such as retail shopping centers, office buildings, industrial buildings, warehouses, hotels, automotive industry facilities, apartment buildings, and other commercial properties; construction loans; home mortgage loans; commercial business loans consisting of business lines of credit and business term loans; Small Business Administration lending services; and consumer loans, such as personal loans, auto loans, and other loans. It also provides trade finance services comprising issuance and negotiation of letters of credit, handling of documentary collections, advising and negotiation of commercial letters of credit, transfer and issue back-to-back letters of credit, and trade finance lines of credit. In addition, the company invests in securities of government sponsored enterprises, mortgage backed securities, collateralized mortgage obligations, corporate securities, and municipal securities; and offers Internet banking, ATM, mobile banking, and armored carrier services. As of March 31, 2015, it operated 34 branch offices in California, Texas, Georgia, New Jersey, and New York; and 7 loan production offices in Atlanta, Aurora, Newark, Federal Way, and California. The company was founded in 1980 and is headquartered in Los Angeles, California.

585 Employees
Last Reported Date: 08/3/15
Founded in 1980

wilshire bancorp inc (WIBC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $664.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $374.2K
Chief Operations Administrator, Executive Vic...
Total Annual Compensation: $234.0K
Chief Legal & Human Resources Officer, Execut...
Total Annual Compensation: $340.6K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $275.5K
Compensation as of Fiscal Year 2014.

wilshire bancorp inc (WIBC) Key Developments

Wilshire Bancorp Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Loan Charge Offs for the Second Quarter of 2015

Wilshire Bancorp Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $11.3 million compared to $10.7 million for the second quarter of 2014. Net interest income was $37,473,000 against $36,491,000 a year ago. The increase in net interest income for the second quarter of 2015 compared to the prior quarters is primarily attributable to an increase in average total loans. Net interest income before provision for losses on loans and loan commitments totaled $37.5 million for the second quarter of 2015, an increase of 3.7% from $36.1 million for the second quarter of 2014. Net income was $15.6 million or $0.20 per diluted common share against $14.7 million, or $0.19 per diluted common share a year ago. Income before income taxes was $24,120,000. Annualized return on average assets was 1.39% against 1.62% a year ago. Annualized return on average equity was 12.12% against 12.77% a year ago. For the six months, the company reported total interest income of $86,040,000 against $79,461,000 a year ago. Net interest income after provision for losses on loans and loan commitments was $73,964,000 against $71,302,000 a year ago. Net income was $34,172,000 or $0.43 per diluted share against $27,777,000 or $0.35 per diluted share a year ago. Income before income taxes was $52,969,000 against $42,225,000 a year ago. Annualized return on average assets was 1.57% against 1.53% a year ago. Annualized return on average equity was 13.49% against 12.25% a year ago. Book value per common share as on June 30, 2015 was $6.57 against $5.94 as on June 30, 2014. The company reported total loan charge-offs of $559,000, and recoveries of $1.2 million, which resulted in total net recoveries of $651,000.

Wilshire Bancorp Inc. to Report Q2, 2015 Results on Jul 20, 2015

Wilshire Bancorp Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 20, 2015

Wilshire Bancorp Inc., Q2 2015 Earnings Call, Jul 21, 2015

Wilshire Bancorp Inc., Q2 2015 Earnings Call, Jul 21, 2015

 

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WIBC Competitors

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Hanmi Financial Corp $24.13 USD +0.15
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Industry Analysis

WIBC

Industry Average

Valuation WIBC Industry Range
Price/Earnings 12.6x
Price/Sales 4.2x
Price/Book 1.6x
Price/Cash Flow 12.6x
TEV/Sales 1.1x
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