Wilshire Bancorp Inc. Q1 Profit Drops 29%

(RTTNews) - Wilshire Bancorp Inc. (WIBC) released earnings for first quarter that decreased compared to the same period last year.

The company said its earnings fell to $13.19 million, or $0.17 per share. This was down from $18.62 million, or $0.24 per share, in last year's first quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Wilshire Bancorp Inc. earnings at a glance:

-Earnings (Q1): $13.19 Mln. vs. $18.62 Mln. last year. -Earnings Decline (Y-o-Y): -29.2% -EPS (Q1): $0.17 vs. $0.24 last year. -EPS Decline (Y-o-Y): -29.2% -Analysts Estimate: $0.20