LOS ANGELES, April 23, 2013 (GLOBE NEWSWIRE) -- BBCN Bancorp, Inc. (the "Company") (Nasdaq:BBCN), announced today that the press release announcing its financial results for the quarter ended March 31, 2013 included two financial tables that had incorrect information. The corrected information is provided in the tables below:
|Three Months Ended|
|(In thousands)||3/31/2013||12/31/2012|| % |
|3/31/2012|| % |
|Service fees on deposit accounts||$ 2,875||$ 2,916||(1)%||$ 3,160||(9)%|
|Net gains on sales of SBA loans||2,694||2,754||(2)%||2,963||(9)%|
|Net gains on sale of other loans||43||6||—%||—||100%|
|Net gains on sales of securities available-for-sale||54||—||—%||816||(93)%|
|Net valuation gains (losses) on interest swaps and caps||—||11||(100)%||3||(100)%|
|Net gains (losses) on sales of OREO||2||(292)||(101)%||61||(97)%|
|Other income and fees||4,272||4,464||(4)%||4,642||(8)%|
|Total non-interest income||$ 9,940||$ 9,859||1%||$ 11,645||(15)%|
|Real Estate Loans by Property Type:|
|3/31/2013||12/31/2012|| % |
|3/31/2012|| % |
|Retail buildings||$ 914,809||$ 868,567||5%||$ 785,264||16%|
|Gas stations/ car washes||483,151||428,997||13%||408,311||18%|
|Total||$ 3,374,732||$ 3,174,759||6%||$ 2,676,589||26%|
About BBCN Bancorp, Inc.
BBCN Bancorp, Inc. is the holding company of BBCN Bank, the largest Korean-American bank in the nation with $5.8 billion in assets as of March 31, 2013. Headquartered in Los Angeles and serving a diverse mix of customers mirroring its communities, BBCN operates 44 branches in California, New York, New Jersey, Washington and Illinois, along with five loan production offices in Seattle, Denver, Dallas, Atlanta and Northern California. BBCN specializes in core business banking products for small and medium-sized businesses, with an emphasis in commercial real estate and business lending, SBA lending and international trade financing. BBCN Bank is a California-chartered bank and its deposits are insured by the FDIC to the extent provided by law. BBCN is an Equal Opportunity Lender.
CONTACT: Investors and Financial Media: Angie Yang SVP, Investor Relations 213-251-2219 angie.yang@BBCNbank.comSource:BBCN Bancorp, Inc.