BBCN Bancorp Inc (BBCN) Releases Earnings Results, Misses Expectations By $-0.02 EPS

BBCN Bancorp Inc (BBCN) reported quarterly earnings results on Monday, Jul-18-2016. The company reported $0.29 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.31. The company posted revenue of $81.76 million in the period, compared to analysts expectations of $83.10 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

BBCN Bancorp Inc closed down -0.06 points or -0.37% at $16.1 with 3,59,588 shares getting traded on Friday. Post opening the session at $16.36, the shares hit an intraday low of $16.07 and an intraday high of $16.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 25, 2015, Sang Hoon Kim (director) sold 3,779 shares at $14.90 per share price.

BBCN Bancorp Inc. is a bank holding company. The Company offers commercial banking loan and deposit products through its wholly owned subsidiary BBCN Bank (Bank) a California state-chartered bank. The Company offer commercial banking and consumer deposit products through the Bank. The Company offers its banking services through a network of banking offices and loan production offices to its customers who typically are small- to medium-sized businesses. The Company accepts deposits and originates loans including commercial business loans commercial real estate loans trade finance Small Business Administration (SBA) loans and consumer loans. Its principal business involves earning interest on loans and investment securities that are funded by customer deposits and other borrowings.

BBCN Bancorp Inc

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