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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, and releases can be found in the Related Links area of each article.
January 28
Nara Bancorp Inc. in Los Angeles has reported earning $5 million in the fourth quarter, compared with a loss a year earlier.
Alvin Kang, Nara's president and chief executive, attributed the turnaround to a wider net interest margin, better deposit mix and lower credit costs, in a press release late Monday.
Nara cut its loan-loss provision, to $5.8 million compared to $17.9 million a year earlier. The $3 billion-asset company, which is merging with Center Financial Corp., lost $1.5 million a year earlier.
The margin expanded 65 basis points from a year earlier, to 3.99%. Nara said in a release that it expects "low to mid single-digit loan growth" in 2011 and "a slight increase" in its margin and noninterest expenses.
