Earnings at Wilshire Bancorp (WIBC) soared in the fourth quarter after the Los Angeles company opted not to set aside funds for problem loans.

The holding company of the $2.8 billion-asset Wilshire State Bank earned $15.2 million in the quarter, a 162% increase from a year ago. Per-share earnings of 21 cents came 3 cents above what analysts polled by Bloomberg had expected.

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