Last $10.65 USD
Change Today 0.00 / 0.00%
Volume 348.9K
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

wilshire bancorp inc (WIBC) Snapshot

Open
$10.64
Previous Close
$10.65
Day High
$10.74
Day Low
$10.52
52 Week High
03/21/14 - $11.96
52 Week Low
04/26/13 - $6.04
Market Cap
833.3M
Average Volume 10 Days
490.0K
EPS TTM
$0.63
Shares Outstanding
78.2M
EX-Date
03/27/14
P/E TM
16.9x
Dividend
$0.20
Dividend Yield
1.31%
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 State Bank that offers a range of financial products and services. The company operates in three segments: Banking Operations, Trade Finance Services, and Small Business Administration Lending 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 products comprise commercial real estate loans to finance or refinance the existing mortgages on 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; and consumer loans, such as personal 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 offers Internet banking services, ATMs, mobile banking, and armored carrier services. As of March 27, 2013, it operated 24 branch offices in California, Texas, New Jersey, and New York, as well as 8 loan production offices in Dallas and Houston, Texas; Atlanta, Georgia; Aurora, Colorado; Annandale, Virginia; Fort Lee, New Jersey; Newark, California; and Bellevue, Washington. Wilshire Bancorp, Inc. was founded in 1980 and is headquartered in Los Angeles, California.

541 Employees
Last Reported Date: 03/14/14
Founded in 1980

wilshire bancorp inc (WIBC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $567.8K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $380.2K
Chief Legal & Human Resources Officer, Execut...
Total Annual Compensation: $266.6K
Chief Credit Officer, Senior Vice President, ...
Total Annual Compensation: $213.5K
Compensation as of Fiscal Year 2013.

wilshire bancorp inc (WIBC) Key Developments

Wilshire Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on April 15, 2014

Wilshire Bancorp Inc. announced that the Board of Directors has declared a quarterly cash dividend of $0.05 per common share. The dividend will be paid to all stockholders of record as of March 31, 2014, payable on April 15, 2014. The $0.05 per common share dividend represents a 67% increase from the dividend of $0.03 per common share paid in the prior quarter.

Wilshire Bancorp Inc. Provides Effective Tax Rate Guidance for 2014

Wilshire Bancorp Inc. provided effective tax rate guidance for 2014. For 2014, the company expects that effective tax rate will remain between 33% to 35%.

Wilshire Bancorp Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Wilshire Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total interest income of $36,187,000 against $29,223,000 for the same period last year. Net interest income after credit for losses on loans and loans commitments was $32,328,000 against $37,627,000 for the same period last year Income before income taxes was $16,989,000 against $23,625,000 for the same period last year. Net income available to common shareholders was $10,914,000 or $0.15 per diluted common share against $15,210,000 or $0.21 per diluted common share for the same period last year. Annualized return on average assets was 1.32% against 2.33% for the same period last year. Annualized return on average equity was 10.88% against 18.19% for the same period last year. Net interest income before credit for losses on loans and loan commitments totaled $32.3 million for the fourth quarter of 2013, an increase of 26% from $25.6 million for the fourth quarter of 2012, and an increase of 21% from $26.7 million for the third quarter of 2013. The increase from the prior quarter is primarily attributable to the acquisitions of BankAsiana and Saehan Bancorp. For the year, the company reported total interest income of $123,739,000 against $116,957,000 for the same period last year. Net interest income after credit for losses on loans and loans commitments was $110,330,000 against $133,902,000 for the same period last year Income before income taxes was $64,657,000 against $87,972,000 for the same period last year. Net income available to common shareholders was $45,376,000 or $0.63 per diluted common share against $93,706,000 or $1.31 per diluted common share for the same period last year. Annualized return on average assets was 1.56% against 3.55% for the same period last year. Annualized return on average equity was 12.39% against 30.18% for the same period last year. Book value as on December 31, 2013 was $5.63 per common share compared to $4.80 per common share a year ago.

 

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WIBC

Industry Average

Valuation WIBC Industry Range
Price/Earnings 16.9x
Price/Sales 5.5x
Price/Book 1.9x
Price/Cash Flow 18.4x
TEV/Sales 2.6x
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