Wilshire Bancorp (WIBC) Tops Q2 EPS by 2c

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Wilshire Bancorp Reports Net Income of $17.4 Million or $0.22 per Share for Second Quarter 2016

July 18, 2016 5:42 PM EDT

LOS ANGELES, July 18, 2016 (GLOBE NEWSWIRE) -- Wilshire Bancorp, Inc. (NASDAQ: WIBC) (the Company), the holding company for Wilshire Bank (the Bank), today reported net income of $17.4 million, or $0.22 per diluted common share, for the quarter ended June 30, 2016. This compares to net income of $15.6 million, or $0.20 per diluted common share, for the same period of the prior year, and net income of $13.2 million, or $0.17 per diluted common share, for the first quarter of 2016.

Jae Whan (J.W.) Yoo, President and CEO of Wilshire Bancorp, said, We delivered a strong quarter with improvements in loan growth,... More