BBCN Bancorp, Inc. Reports Unaudited Financial Results for the Fourth Quarter and Year Ended December 31, 2015
January 25, 2016 at 09:30 pm
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BBCN Bancorp, Inc. reported unaudited financial results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported net income of $22.869 million or $0.29 per diluted share against $22.687 million or $0.29 per diluted share a year ago. Total interest income was $82.973 million against $75.767 million a year ago. Net interest income before provision for loan losses was $71.768 million against $66.234 million a year ago. Income before income taxes was $38.907 million against $36.914 million a year ago. ROA was 1.19% against 1.28% a year ago. ROE was 9.76% against 10.42% a year ago.
For the year, the company reported net income of $92.258 million or $1.16 per diluted share against $88.615 million or $1.11 per diluted share a year ago. Total interest income was $313.660 million against $302.657 million a year ago. Net interest income before provision for loan losses was $273.042 million against $266.597 million a year ago. Income before income taxes was $155.349 million against $146.522 million a year ago. ROA was 1.25% against 1.30% a year ago. ROE was 10.11% against 10.44% a year ago. Book value per common share was $11.79 against $11.10 a year ago.
Hope Bancorp, Inc. is the holding company of Bank of Hope (the Bank). The Company's loan portfolio segments include commercial real estate (CRE) loans, commercial and industrial (C&I) loans, residential mortgage loans, and consumer and other loans. CRE loans are extended for the purchase and refinance of commercial real estate and are generally secured by first deeds of trust and are collateralized by residential or commercial properties. C&I loans are loans provided to businesses for various purposes such as for working capital, purchasing inventory, debt refinancing, business acquisitions, international trade finance activities, and other business related financing needs, and also include syndicated loans. Residential mortgage loans are extended for personal, family, or household use and are secured by a mortgage or deed of trust. Consumer and other loans consist of home equity, credit cards, and other personal loans. It operates over 54 full-service branches in the United States.
HOPE BANCORP, INC. 
