Weekly profile.
NARA BANCORP INC.
Symbol: NARAE Exchange: NASDAQ Close: $15.26 1-WK % Chg: 1.5%
Business Overview
Nara Bancorp Inc. (Nara Bancorp), incorporated in 1989, is a holding
company for its principal wholly owned subsidiary, Nara Bank, N.A.
(the Bank), and other bank-related subsidiaries, which it may establish
or acquire. Nara Bank is a national banking association that offers a
full range of commercial banking and consumer financial services
through its network of 16 branches and eight loan production offices.
The bank accepts deposits and originates a variety of loans, including
commercial loans, commercial real estate loans, trade finance, small
business administration (SBA) loans, automobile and various consumer
loans. The bank earns interest on loans and investment securities that
are funded by customer deposits and other borrowings. The difference
between interest received and interest paid comprises the majority of
the company's operating earnings. The bank primarily focuses its
business in Korean communities in California and in the greater New
York City metropolitan area. The bank offers its products and
services to customers that typically are individuals and small-to
medium-sized businesses in its market areas. The bank is a member of
the Federal Reserve System.
Income Statement LTM * 2004
Revenue (millions) $105.6 $100.4
Operating Income (millions) 37.6 35.80
Net Income (millions) 21.7 19.80
EPS $0.88 $0.80
* Latest 12 months ended March 2005.
Summary
Headquarters: Los Angeles
Market Cap: $3.61 million
Dividend Yield: 060.7%
P/E Ratio: 17
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