Showing 1-10 of about 87 articles.
Wilshire Bancorp, Inc.
Wilshire Bancorp Reports Net Income of $11.6 Million or $0.16 Earnings Per Share for First Quarter 2013
LOS ANGELES, April 22, 2013 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc. (Nasdaq:WIBC) (the "Company"), the holding company for Wilshire State Bank (the "Bank"), today reported net income available to common shareholders of $11.6 million, or $0.16 per diluted common share, for the quarter ended March 31, 2013. This compares to net income available to common shareholders of $17.9 million, or $0.25 per common share, for the same period of the prior year, and net income of $15.2 million, or $0.21 per common share, for the fourth quarter of 2012.
Wilshire Bancorp, Inc.
Wilshire Bancorp Announces Share Repurchase Program
LOS ANGELES, March 27, 2013 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc. (Nasdaq:WIBC), the parent company of Wilshire State Bank, announced today that its Board of Directors has authorized the repurchase of up to 5% of its outstanding common stock or approximately 3.6 million shares. This program will be in effect for 12 months or expire upon completion of the current authorization. Under this program, management is authorized to repurchase shares through Rule 10b5-1 plans, open market purchases, privately negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws. Depending on market conditions and other factors, repurchases may be made at any time or from time to time, without prior notice. The Company has no obligation to repurchase any shares under this program and may suspend or discontinue it at any time.
Wilshire Bancorp, Inc.
Wilshire Bancorp to Participate in the Sandler O'Neill 2013 West Coast Financial Services Conference
LOS ANGELES, Feb. 28, 2013 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc. (Nasdaq:WIBC), the holding company for Wilshire State Bank, today announced that members of the Company's senior management team will be participating in the Sandler O'Neill 2013 West Coast Financial Services Conference on March 5, 2013 in Marina del Rey, CA. Jae Whan (J.W.) Yoo, President and Chief Executive Officer, Alex Ko, Executive Vice President and Chief Financial Officer, and Jack Choi, Executive Vice President and Chief Credit Officer, will represent Wilshire Bancorp at the conference and meet with institutional investors.
Wilshire Bancorp, Inc.
Wilshire Bancorp Reports Net Income of $15.2 Million or $0.21 Earnings per Share for Fourth Quarter 2012
LOS ANGELES, Jan. 23, 2013 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc. (Nasdaq:WIBC) (the "Company"), the holding company for Wilshire State Bank (the "Bank"), today reported net income available to common shareholders of $15.2 million, or $0.21 per diluted common share, for the quarter ended December 31, 2012. This compares to net income available to common shareholders of $5.8 million, or $0.08 per common share, for the same period of the prior year, and net income of $38.5 million, or $0.54 per common share, for the third quarter of 2012. The increase in net income from the fourth quarter of 2011 is primarily attributable to a $12.0 million negative provision for losses on loans and loan commitments. The decline in net income from the third quarter of 2012 is primarily attributable to the return to a normalized tax provision.
Wilshire Bancorp, Inc.
Wilshire Bancorp Reports Net Income of $38.5 Million or $0.54 Earnings Per Share for Third Quarter 2012
LOS ANGELES, Oct. 22, 2012 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc. (Nasdaq:WIBC) ('the Company"), the holding company for Wilshire State Bank ("the Bank"), today reported net income available to common shareholders of $38.5 million, or $0.54 per diluted common share, for the quarter ended September 30, 2012. This compares to net income available to common shareholders of $10.2 million, or $0.14 per common share, for the same period of the prior year, and net income available to common shareholders of $22.1 million, or $0.31 per common share, for the second quarter of 2012. The increase in net income for the third quarter of 2012 is primarily attributable to a $12.0 million negative provision for losses on loans and a $12.6 million tax benefit that resulted from the reversal of the deferred tax asset valuation allowance.
Wilshire Bancorp, Inc.
Wilshire Bancorp Announces Termination of Memorandum of Understanding With Federal Reserve Bank of San Francisco
LOS ANGELES, Oct. 4, 2012 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc. (Nasdaq:WIBC), the parent company of Wilshire State Bank, announced today that the Memorandum of Understanding (MOU), dated June 29, 2011, by and between the Company and the Federal Reserve Bank of San Francisco (FRB), has been terminated, effective as of September 26, 2012.
Wilshire Bancorp, Inc.
Wilshire Bancorp to Present at KBW Community Bank Investor Conference
LOS ANGELES, July 25, 2012 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc. (Nasdaq:WIBC), the holding company for Wilshire State Bank, today announced that members of the Company's senior management team will be participating in the KBW Community Bank Investor Conference from July 31-August 1, 2012 in New York City. Jae Whan (J.W.) Yoo, President and Chief Executive Officer, Peter Koh, Senior Vice President and Deputy Chief Credit Officer, and Andrew Chung, Senior Vice President and Controller, will deliver a presentation on Wilshire Bancorp and meet with institutional investors at the conference. The presentation is scheduled for 8:30 a.m. Eastern Time on August 1, 2012.
Wilshire Bancorp, Inc.
Wilshire Bancorp Reports Net Income of $22.1 Million or $0.31 Earnings per Share for Second Quarter 2012
LOS ANGELES, July 23, 2012 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc. (Nasdaq:WIBC) ('the Company"), the holding company for Wilshire State Bank ("the Bank"), today reported net income available to common shareholders of $22.1 million, or $0.31 per diluted common share, for the quarter ended June 30, 2012. This compares to net income available to common shareholders of $2.1 million, or $0.04 per common share, for the same period of the prior year, and net income available to common shareholders of $17.9 million, or $0.25 per common share, for the first quarter of 2012. The increase in net income for the second quarter of 2012 is primarily attributable to a $10.0 million negative provision for losses on loans and commitments and higher non-interest income.
Wilshire Bancorp, Inc.
Wilshire Bancorp Announces Repurchase of TARP Warrant From United States Department of the Treasury
LOS ANGELES, June 20, 2012 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc. (Nasdaq:WIBC), the holding company (the "Company") of Wilshire State Bank, announced today that it has repurchased the warrant (the "Warrant") to purchase 949,460 shares of common stock of the Company that was issued to the United States Department of the Treasury (the "Treasury") as part of the Troubled Asset Relief Program ("TARP") Capital Purchase Program. The Warrant was repurchased at a mutually agreed upon price of $760,000. Settlement of the repurchase of the Warrant occurred on June 20, 2012. Following the settlement of the TARP Warrant today, the Treasury has no remaining equity stake in Wilshire Bancorp.
Showing 1-10 of about 87 articles.