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Stock Market & Financial Investment News

News Breaks
July 21, 2014
19:36 EDTBBCNBBCN Bancorp, Inc. reports Q2 EPS 28c, consensus 29c
The company reported Q2 Tier 1 leverage ratio of 11.66%. Nonperforming assets amounted to $107.2M at June 30, or 1.56% of total assets. Net loan charge-offs for Q2 totaled $1.8M and equaled 0.14% of average loans receivable on an annualized basis. Impaired loans totaled $124.2M at June 20. Book value per share for Q2 stood at $10.72, while tangible common equity per share stood at $9.34.
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September 15, 2014
08:40 EDTBBCNBBCN Bancorp, Inc. increases board to 10 seats from 8 seats
BBCN Bancorp, Inc. announced the appointments of William J. Lewis and Kiho Choi to the company's board and its wholly owned subsidiary, BBCN Bank, effective immediately. Lewis will chair the Asset/Liability Committee and also serve as a member of the Board Risk and Compliance Committee, Audit Committee and Directors' Loan Committee. Choi will serve as member of the Audit Committee, Asset/Liability Committee, Board Risk and Compliance Committee and Strategic Business Planning Committee. These appointments increase the membership of the board from eight to ten, nine of whom will be independent directors.

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