BBCN Bancorp

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.
Type
Public
HQ
Los Angeles, US
Founded
2011
Size (employees)
938 (est)
BBCN Bancorp was founded in 2011 and is headquartered in Los Angeles, US

BBCN Bancorp Office Locations

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

BBCN Bancorp Metrics

BBCN Bancorp Financial Metrics

Revenue (2015)

$313.7 m

Revenue growth (2014-15), %

(10%)

Gross profit

$273 m

Gross profit margin (2015), %

87%

Net income (2015)

$92.3 m

Cash (31-Dec-2015)

$298.4 m
BBCN Bancorp's revenue was reported to be $313.7 m in FY, 2015 which is a 9.8% decrease from the previous period.
FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Revenue

$325.6 m$347.7 m$313.7 m

Revenue growth, %

7%(10%)

Cost of goods sold

$30 m$36.1 m$40.6 m

Gross profit

$295.6 m$311.6 m$273 m

Gross profit Margin, %

91%90%87%

Operating expense total

$141.6 m$152.4 m$153.4 m

EBIT

$233.1 m$254 m$155.3 m

EBIT margin, %

72%73%50%

Interest expense

$42.1 m$32.1 m$29.6 m$30 m$36.1 m$40.6 m

Pre tax profit

$134.2 m$146.5 m$155.3 m

Income tax expense

$15.7 m$54.4 m$52.4 m$57.9 m$63.1 m

Net Income

$81.8 m$88.6 m$92.3 m
Y, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015

Cash

$125.6 m$172.3 m$300.1 m$312.9 m$316.7 m$462.2 m$298.4 m

Accounts Receivable

$15.2 m

Inventories

Goodwill

$105.4 m

Total Assets

$7.9 b

Accounts Payable

$6 m

Total Debt

$572.9 m

Additional Paid-in Capital

$541.6 m

Retained Earnings

$398.3 m

Total Equity

$938.1 m

Debt to Equity Ratio

0.6 x

Debt to Assets Ratio

0.1 x

Financial Leverage

8.4 x
FY, 2013FY, 2014FY, 2015

Net Income

$81.8 m$88.6 m$92.3 m

Accounts Receivable

$13.4 m$13.6 m

Inventories

Accounts Payable

$4.8 m$5.9 m

Cash From Operating Activities

$3.8 m$145.5 m$122.9 m

Cash From Investing Activities

($949.8 m)

Long-term Borrowings

($300 m)

Cash From Financing Activities

$663.1 m

Interest Paid

$40.5 m

Income Taxes Paid

$61.6 m

BBCN Bancorp Company Life

You may also be interested in