BBCN Bancorp (BBCN) Raises Quarterly Dividend 33.3% to $0.10; 2.6% Yield

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BBCN Bancorp Increases Quarterly Cash Dividend 33.3% to $0.10 Per Share

July 22, 2014 7:00 AM EDT

LOS ANGELES, July 22, 2014 (GLOBE NEWSWIRE) -- BBCN Bancorp, Inc. (Nasdaq: BBCN) today announced that its Board of Directors approved a 33.3% increase in the quarterly cash dividend to $0.10 per share from $0.075 per share. The dividend is payable on or about August 15, 2014 to all stockholders of record as of the close of business on August 1, 2014.

"We are pleased to announce our second consecutive annual increase in our cash dividend per share, highlighting the consistency of BBCN's financial performance and our growth in revenues and net income," said Chairman and Chief Executive Officer Kevin... More

BBCN Bancorp Reports 2014 Second Quarter Financial Results

July 21, 2014 7:27 PM EDT

Q2 2014 Summary:

Net income totals $22.3 million, or $0.28 per diluted common share New loan production for the quarter amounts to $344 million Loans receivable increase to $5.35 billion, reflecting a 5% increase year-to-date Total deposits increase to $5.47 billion, reflecting a 6% increase for the first six months of 2014 Total assets increase to $6.87 billion, reflecting a 6% increase from December 31, 2013

LOS ANGELES, July 21, 2014 (GLOBE NEWSWIRE) -- BBCN Bancorp, Inc. (the "Company") (Nasdaq: BBCN), the holding company of BBCN Bank (the "Bank"), today reported net income of $22.3 million, or $0.28 per... More