Wilshire Bancorp (WIBC) Misses Q1 EPS by 3c

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Wilshire Bancorp Reports Net Income of $13.2 Million or $0.17 per Share for First Quarter 2016

April 18, 2016 4:05 PM EDT

LOS ANGELES, April 18, 2016 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc. (NASDAQ: WIBC) (the Company), the holding company for Wilshire Bank (the Bank), today reported net income of $13.2 million, or $0.17 per diluted common share, for the quarter ended March 31, 2016. This compares to net income of $18.6 million, or $0.24 per diluted common share, for the same period of the prior year, and net income of $13.9 million, or $0.18 per diluted common share, for the fourth quarter of 2015.

Jae Whan (J.W.) Yoo, President and CEO of Wilshire Bancorp, said, Following a very... More