Wilshire Bancorp (WIBC) Tops Q1 EPS by 4c

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Wilshire Bancorp Reports Net Income of $18.6 Million or $0.24 Per Share for First Quarter 2015

April 20, 2015 4:01 PM EDT

LOS ANGELES, April 20, 2015 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc. (Nasdaq: WIBC) (the "Company"), the holding company for Wilshire Bank (the "Bank"), today reported net income of $18.6 million, or $0.24 per diluted common share, for the quarter ended March 31, 2015. This compares to net income of $13.1 million, or $0.17 per diluted common share, for the same period of the prior year, and net income of $16.1 million, or $0.20 per diluted common share, for the fourth quarter of 2014.

Jae Whan (J.W.) Yoo, President and CEO of Wilshire Bancorp, said, "Our first quarter performance was driven by strong, well-diversified... More