UCBH Holdings, headquartered in San Francisco, is the holding company for United Commercial Bank. The bank currently has 27 offices located in the San Francisco Bay Area, Sacramento, Stockton and Los Angeles area. UCBH Holdings was founded in 1974 as United Federal Savings and Loan Association to serve the San Francisco Chinese community. It now boasts $2.2 billion in assets.
For the nine months ended Sept. 30, the company's net income rose 28% to $17.7 million. Total interest income rose 17% to $137.1 million. Net interest income after the loan loss provision rose 14% to $54.8 million, reflecting increased average loans outstanding partially offset by a higher loss provision. The company's share price was up $1 in afternoon trading Friday to $38.50, two dollars below its 52-week high of $40.50 a share achieved on Nov. 17.
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