Headquartered in Los Angeles, for more than 26 years BBCN Bank has been serving the largest Korean community outside of Korea, as well as a diverse mix of customers in more than 40 full-service branches throughout California, New York, New Jersey, Washington and Illinois, along with loan production offices in Seattle, Denver, Atlanta and Dallas. With more than $5 billion in assets and $4 billion in deposits, the strengths of BBCN lie in its experienced management team, as well as solid focus on risk management practices. The organization’s focus on small business lending, C&I lending, and international trade finance, sets BBCN Bank apart from other community banks. In November 2011, two of the largest Korean American banks, Nara Bank and Center Bank, merged to become the nation’s largest Korean American bank, BBCN Bank. Building on the depth of each financial institution in core banking products for small and medium-sized businesses, today, BBCN Bank is a proven leader in commercial and industrial lending, SBA lending, commercial real estate lending, and international trade finance.
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Type
Public
HQ
Los Angeles, US
Founded
2011
Size (employees)
1,372 (est)
BBCN Bancorp was founded in 2011 and is headquartered in Los Angeles, US
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BBCN Bancorp Office Locations

BBCN Bancorp has an office in Los Angeles
Los Angeles, US (HQ)
1000 3731 Wilshire Blvd
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BBCN Bancorp Financials and Metrics

BBCN Bancorp Financials

BBCN Bancorp's revenue was reported to be $473.75 m in FY, 2016 which is a 51% increase from the previous period.
USD

Revenue (Q1, 2018)

170.3 m

Gross profit (Q1, 2018)

139.9 m

Gross profit margin (Q1, 2018), %

82.2%

Net income (Q1, 2018)

51.2 m

EBIT (Q1, 2018)

117.6 m

Market capitalization (29-Jul-2016)

1.2 b

Cash (31-Mar-2018)

612.4 m

EV

1.6 b
BBCN Bancorp's current market capitalization is $1.2 b.
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

325.6 m347.7 m313.7 m473.8 m

Revenue growth, %

7%(10%)51%

Cost of goods sold

30 m36.1 m40.6 m58.6 m90.7 m

Gross profit

295.6 m311.6 m273 m415.2 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2018

Revenue

170.3 m

Cost of goods sold

30.3 m

Gross profit

139.9 m

Gross profit Margin, %

82%
Annual
usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017

Cash

125.6 m172.3 m300.1 m312.9 m316.7 m462.2 m298.4 m437.3 m492 m

Accounts Receivable

15.2 m

Inventories

PP&E

55.3 m56.7 m
Quarterly
USDQ1, 2018

Cash

612.4 m

PP&E

56.6 m

Goodwill

464.5 m

Total Assets

14.5 b
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

81.8 m88.6 m92.3 m113.7 m139.4 m

Inventories

Accounts Payable

4.8 m5.9 m

Cash From Operating Activities

3.8 m145.5 m122.9 m130.6 m203.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

44.3 m69.4 m23.6 m47 m73.1 m36.2 m76.9 m51.2 m

Accounts Payable

4.8 m5.7 m6.1 m6.2 m6.5 m

Cash From Operating Activities

32.9 m80.5 m4.9 m28.5 m32.5 m71.2 m93.9 m52.3 m

Cash From Investing Activities

(321.8 m)(624.1 m)(184.9 m)(399.8 m)(433.4 m)(46.7 m)(410.8 m)(213.2 m)
USDY, 2018

EV/EBIT

13.4 x

EV/CFO

30.1 x

Financial Leverage

7.5 x
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