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 (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 of which...
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