BBCN Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company's net interest income before provision for loan losses was $59,646,000 against $40,551,000 a year ago. Net interest income after provision for loan losses was $57,224,000 against $31,404,000 a year ago. Income before income taxes was $36,474,000 against $6,246,000 a year ago. Net income was $21,527,000 or $0.28 basic and diluted per share against $4,236,000 or $0.05 basic and diluted per share a year ago. ROA was 1.57% against 0.45% a year ago. ROE was 11.55% against 3.10% a year ago. Return on average tangible equity was 13.20% against 3.31% a year ago. Net interest income was up 2% from last quarter. This was primarily attributable to the loan growth in the quarter. It was partially offset by an 18 basis point decline in net interest margin.

For the year, the company's net interest income before provision for loan losses was $238,238,000 against $129,818,000 a year ago. Net interest income after provision for loan losses was $219,134,000 against $101,879,000 a year ago. Income before income taxes was $137,633,000 against $42,775,000 a year ago. Net income was $83,223,000 or $0.99 basic and diluted per share against $27,115,000 or $0.53 basic and diluted per share a year ago. ROA was 1.59% against 0.86% a year ago. ROE was 10.73% against 6.54% a year ago. Return on average tangible equity was 12.20% against 6.72% a year ago. Book value was $9.62 per share against $8.64 per share a year ago. Tangible common equity was $8.43 per share against $7.43 a year ago.

For the quarter, the company's total net charge-offs was $1,433,000 against $7,204,000 a year ago.

The Board of Directors declared a quarterly cash dividend for first quarter 2013. All stockholders of record as of February 8, 2013 will be paid a cash dividend of $0.05 per common share, payable on or about February 22, 2013.