BBCN Bancorp, Inc. (BBCN), the holding company of BBCN Bank, reported first quarter net income available to common stockholders of $17.5 million or $0.22 per share, versus $22.1 million or $0.28 per share in the year-ago quarter.
Net interest income declined 2 percent to $59.72 million from $60.86 million in the same period a year earlier. Non-interest income also declined to $9.94 million from $11.65 million in the same period prior year.
Analysts polled by Thomson Reuters expected the company to earn $0.27 per share on revenues of $67.99 million for the quarter.
The company also declared a quarterly cash dividend for the second quarter of 2013 of $0.05 per share, for stockholders of record as of May 3, 2013 and payable on or about May 17, 2013.
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