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BBCN Bancorp Provides Corrected Financial Tables For The 2013 First Quarter

Stocks in this article: BBCN

LOS ANGELES, April 23, 2013 (GLOBE NEWSWIRE) -- BBCN Bancorp, Inc. (the "Company") (Nasdaq:BBCN), announced today that the press release announcing its financial results for the quarter ended March 31, 2013 included two financial tables that had incorrect information. The corrected information is provided in the tables below:

Non-Interest Income:  
  Three Months Ended
(In thousands) 3/31/2013 12/31/2012 % change 3/31/2012 % change
Service fees on deposit accounts  $ 2,875  $ 2,916 (1)%  $ 3,160 (9)%
Net gains on sales of SBA loans 2,694 2,754 (2)% 2,963 (9)%
Net gains on sale of other loans 43 6 —% 100%
Net gains on sales of securities available-for-sale 54 —% 816 (93)%
Net valuation gains (losses) on interest swaps and caps 11 (100)% 3 (100)%
Net gains (losses) on sales of OREO 2 (292) (101)% 61 (97)%
Other income and fees 4,272 4,464 (4)% 4,642 (8)%
Total non-interest income  $ 9,940  $ 9,859 1%  $ 11,645 (15)%
           
Real Estate Loans by Property Type:          
  3/31/2013 12/31/2012 % change 3/31/2012 % change
Retail buildings $ 914,809 $ 868,567 5% $ 785,264 16%
Hotels/motels 642,470 609,076 5% 436,628 47%
Gas stations/ car washes 483,151 428,997 13% 408,311 18%
Mixed-use facilities 303,286 294,421 3% 209,081 45%
Warehouses 356,724 340,433 5% 270,929 32%
Multifamily 147,383 142,610 3% 122,859 20%
Other 526,909 490,655 7% 443,517 19%
Total $ 3,374,732 $ 3,174,759 6% $ 2,676,589 26%

About BBCN Bancorp, Inc.

BBCN Bancorp, Inc. is the holding company of BBCN Bank, the largest Korean-American bank in the nation with $5.8 billion in assets as of March 31, 2013. Headquartered in Los Angeles and serving a diverse mix of customers mirroring its communities, BBCN operates 44 branches in California, New York, New Jersey, Washington and Illinois, along with five loan production offices in Seattle, Denver, Dallas, Atlanta and Northern California. BBCN specializes in core business banking products for small and medium-sized businesses, with an emphasis in commercial real estate and business lending, SBA lending and international trade financing. BBCN Bank is a California-chartered bank and its deposits are insured by the FDIC to the extent provided by law. BBCN is an Equal Opportunity Lender.

CONTACT: Investors and Financial Media:
         Angie Yang
         SVP, Investor Relations
         213-251-2219
         angie.yang@BBCNbank.com

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