With a few exceptions like U.S. Bancorp (NYSE:USB) and Wells Fargo (NYSE:WFC), this hasn't been a stellar year for commercial banks. The KBW Regional Banking ETF (NYSEARCA:KRE) is down about 4% year-to-date and Wilshire Bancorp (NASDAQ:WIBC) has lagged that by another 8%, performing a little worse than other California-based banks like CVB Financial (NASDAQ:CVBF) and PacWest (NASDAQ:PACW). Wilshire continues to post good loan origination numbers, but operating expenses have been running high and it may take higher rates to get investors interested in banks like Wilshire again.
Good Growth And Yields, But Higher Expenses
Since I last wrote about Wilshire Bancorp, the bank has reported two quarters, both...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|