Couple things; Investors are flowing into regional banks in anticipation of the Fed raising rates ..and WIBC has proven to be a steady performer in the first half of 2015.
When you combine those reasons the stock has pushed up 24% in just the past 5 months.
Highlights from the 1st qtr report put out last April;
Q1 2015 Summary
• Net income totaled $18.6 million, or $0.24 per diluted common share, for the first quarter of 2015
• Total net revenue of $51.8 million for the first quarter of 2015, an increase of 12.3% from the first quarter of 2014
• Return on average assets of 1.75% and return on average equity of 14.89% for the first quarter of 2015
• Net interest margin of 3.69% for the first quarter of 2015, a decrease from 4.00% for the fourth quarter of 2014
• Loans receivable (net of deferred fees and costs) totaled $3.51 billion at March 31, 2015, an increase of 22% from $2.87 billion at March 31, 2014
• Demand deposits totaled $997.8 million at March 31, 2015, an increase of 9% from $915.4 million at December 31, 2014
• Total deposits were $3.64 billion at March 31, 2015, an increase of 24% from $2.92 billion at March 31, 2014
• Continued stability in asset quality resulted in no provision for losses on loans and loan commitments for the first quarter of 2015
• Acquired Bank of Manhattan's Mortgage Lending Division during the first quarter of 2015
Marker:
Wilshire Bancorp, In (WIBC)
$12.28 up 0.22 (1.82%)
Volume: 209,528
*Over the past 4 years the stock is up 250%. ":~O
Learn something new every time you invest...and take it with you to the next opportunity.
