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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • BBCN Bancorp Net Income Rises 0 comments
    Apr 22, 2014 10:36 AM | about stocks: BBCN

    Originally published at www.seclive.com

    BBCN Bancorp, Inc. (NASDAQ:BBCN) announced its financial results for the first fiscal quarter of 2014, reporting a rise in net income from the year-ago quarter. The Los Angeles-based bank posted an increase in net interest income, from $59.7M to $65.0M while noninterest income rose from $9.9M to $11.1M. Net income improved from $17.5M and $0.22 per share last year to $22.2M and $0.28 per share. Total deposits rose to $5.3B from $4.6B with net loans receivable rising to $5.1B from $4.4B. Chairman and CEO Kevin Kim remarked that the company is very pleased with its start to the year and attributes a large amount of its forward progress to its two recent acquisitions last year that helped propel revenue and loan production.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: BBCN
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