UCBH Holdings, Inc. Reports Third Quarter 2008 Financial Results

-- Net Income of $0.00 Per Share Reflects Higher Loan Loss
Provision and Previously Announced Other Than Temporary
Impairments on GSE Securities

-- Year-to-date Net Interest Income Grew 11.5%

-- Year-to-date Loans Outstanding Grew 10.7%, or 10.1%
Annualized, from the Prior Quarter

-- Credit Reserve Build of $11.1 Million

-- Year-to-date Deposits Grew 9.6%

-- Strong Capital with Total Risk-based Capital at 12.5%
SAN FRANCISCO--(Business Wire)--
UCBH Holdings, Inc. (NASDAQ:UCBH), the holding company of United
Commercial Bank (UCB(TM) or the "Bank"), today reported a net loss of
$493,000, or $0.00 per share, for the third quarter 2008, compared
with net income of $30.8 million for the third quarter of 2007. As
UCBH began paying dividends on the convertible preferred stock issued
in June 2008, fully diluted net income available to common per share
was $(0.03), compared with $0.29 diluted earnings per share in the
third quarter of 2007. Also reflected in the net loss was a loan loss
provision of $43.2 million and a $17.8 million write-down related to
U.S. Government-sponsored Enterprise ("GSE") preferred stocks,
partially offset by a $9.0 million tax benefit.

Chairman, President and Chief Executive Officer, Thomas S. Wu
said, "The banking industry experienced an unprecedented market
environment in the third quarter, and with net income of $0.00 per
share, UCBH in essence reported a breakeven quarter after making a
larger than anticipated loan loss provision of $43.2 million and
writing down our GSE preferred stock investment by $17.8 million. Our
net income per share would have been $0.07 per share without the
effect of the GSE preferred stock investment write-down. We charged
off a significant portion of our problem residential construction
credits and continued to build our reserve ratio, which we believe is
a prudent move given our experience in the third quarter. Management
continues to be focused on deposit generation and was successful in
keeping deposit costs below the second quarter levels. Our fee income
continued to exhibit strong growth during the quarter.

"We anticipate closing the second phase of China Minsheng Banking
Corp., Ltd.'s ("Minsheng") investment in UCBH in the upcoming weeks,
and we plan to participate in the Department of the Treasury's Capital
Purchase Program. As a result, UCBH's capital ratios will be in the
top quartile of U.S. peer banks, which will put us in a very strong
position to grow our balance sheet and profitability in the future as
we move beyond this point in the credit cycle.

"Our earnings power remained strong in the third quarter, as a
result of good loan and fee income growth. While we remain cautious in
the coming quarters, we anticipate minimal other than temporary
impairment charges on our investment portfolio, and therefore, a
profitable fourth quarter and full year 2008."

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Third Quarter 2008 Highlights

-- Business momentum continued to be strong.
-- Year-to-date net interest income up 11.5%.
-- Total loans up 10.7% from December 2007.
-- Provision for loan losses, net of tax effect ($0.18 per share),
resulting in a reserve build in the allowance for loan losses,
totaling $11.1 million.
-- Previously announced other than temporary impairment charges for
GSE preferred stock investment totaling $17.8 million.
-- United Commercial Bank (China) Limited ("UCBC") added $6.2
million to earnings in the first nine months of inclusion in
UCBH's consolidated results of operations.
-- Income tax benefit of $9.0 million arising from the impact of
tax-exempt bonds, low-income housing credits, and net interest
deduction.
-- Capital ratios remain strong and exceed the regulatory capital
requirements for "well capitalized."
*T

2008 Corporate Development Updates

-- The second phase closing of Minsheng's investment in UCBH is
expected shortly, pending final approval from China's State
Administration of Foreign Exchange.

-- Plan to participate in the Department of the Treasury's
Capital Purchase Program to better position UCBH for future
growth and acquisitions.

-- Participation in the FDIC Expanded Deposit Insurance for
noninterest-bearing deposits greater than $250,000.

-- UCB Hong Kong branch deposits are now 100% guaranteed by the
Hong Kong Government as announced by the Hong Kong Monetary
Authority on October 14, 2008.

Third Quarter 2008 Financial Summary

The third quarter net loss was $493,000, compared with net income
of $30.8 million reported in the corresponding period of last year.
Net income available to common per share was $(0.03) for the third
quarter of 2008, compared with diluted earnings per share of $0.29 in
the corresponding quarter of the prior year.

Net interest income, before provision for loan losses, rose 6.7%
to $89.5 million, from $83.9 million in the third quarter of 2007.
This increase was due to organic balance sheet growth as well as the
acquisition of UCBC in December 2007.

The net interest margin on a tax equivalent basis was 3.05% for
the third quarter of 2008, a 12 basis point decrease from the 3.17%
net interest margin for the second quarter of 2008, and a 39 basis
point decrease from 3.44% for the third quarter of 2007.

Noninterest income (loss) was $(3.8) million for the third quarter
of 2008, compared with $10.8 million for the corresponding quarter of
2007. Included in the third quarter 2008 noninterest income was a $4.8
million gain on the sale of available-for-sale investment securities
and higher service charges on deposits; however, noninterest income
levels were significantly offset by the $17.8 million write-down of
GSE preferred stocks.

Noninterest expense for the third quarter of 2008 rose 19.3% to
$52.0 million, from $43.6 million in the third quarter of 2007. This
increase was primarily the result of increased personnel costs and
occupancy expenses related to the acquisition of UCBC in 2007.

We recognized a $9.0 million income tax benefit on our third
quarter 2008 pretax loss, compared to the $463,000 income tax
provision on pretax income for the second quarter of 2008. The income
tax benefit was primarily caused by a significant decrease in pretax
income during the third quarter of 2008, resulting in items such as
tax-exempt interest income, low-income housing credits, UCBC income
taxed at a lower rate, and California net interest deduction having a
relatively greater impact to the effective income tax rate.

Year-to-date September 30, 2008 Financial Summary

Total net interest income before provision for loan losses for the
nine-month period ended September 30, 2008 was $263.8 million,
representing an increase of $27.3 million, or 11.5% over the $236.5
million reflected in the nine-month period ended September 30, 2007.

Noninterest income (loss) was $(1.5) million for the nine-month
period ended September 30, 2008, compared to noninterest income of
$33.2 million for the nine-month period ended September 30, 2007.
However, without the $32.5 million other than temporary impairment
charge, noninterest income would have been $30.9 million for the
nine-month period ended September 30, 2008.

Noninterest expense for the nine months ended September 30, 2008
was $149.6 million, representing a $19.3 million, or 14.8% increase
over the nine months ended September 30, 2007. Personnel expense
increased by $14.9 million, or 20.7% from 2007 levels, due primarily
to higher staffing levels from UCBC. Our efficiency ratio for the
third quarter of 2008, after adjusting for the impact of the $17.8
million other than temporary impairment charges on the GSE preferred
stock investments, was 50.2%, which compares to 45.99% for the
comparable period of 2007.

We recognized a $7.7 million income tax benefit on pretax income
for the nine-month period ended September 30, 2008, which was composed
primarily of the tax benefit from tax-exempt bonds, low-income housing
credits, UCBC income taxed at a lower rate, and California net
interest deduction having significant impact to the effective income
tax rate.

Credit Quality

-- The provision for loan losses was $43.2 million for the third
quarter of 2008, compared with $32.6 million for the second
quarter of 2008, and $3.0 million for the third quarter of
2007. The provision for loan losses was $110.9 million for the
nine months ended September 30, 2008, compared with $6.2
million for the nine months ended September 30, 2007.

-- Net loan charge-offs were $31.1 million for the third quarter
of 2008, or 1.40% annualized, compared with net loan
charge-offs of $26.2 million, or 1.24% annualized, in the
second quarter of 2008, and $2.3 million, or 0.12% annualized,
in the third quarter of 2007. Net loan charge-offs were $69.6
million for the nine months ended September 30, 2008, compared
with $5.4 million for the nine months ended September 30,
2007.

-- The increase in nonperforming assets is primarily associated
with the previously identified residential construction loan
portfolio in distressed areas in California.

-- Nonperforming assets were $251.6 million, or 1.93% of total
assets, at September 30, 2008, compared with $200.0 million,
or 1.55% of total assets at June 30, 2008, and $57.0 million,
or 0.48% of total assets, at December 31, 2007. The increase
in nonperforming assets continued to reflect further
deterioration in the appraised values of certain residential
construction loans in distressed areas.

-- The ratio of allowance for loan losses to loans held in
portfolio was 1.36% at September 30, 2008, compared with 1.26%
at June 30, 2008, and 1.03% at December 31, 2007. The ratio of
the allowance for loan losses and the reserve for unfunded
commitments to loans held in portfolio, excluding cash secured
loans, was 1.48% at September 30, 2008 and 1.37% at June 30,
2008, compared to 1.13% at December 31, 2007.

-- The Company has provided $41.3 million in provision for loan
losses in excess of net charge-offs for the nine-month period
ended September 30, 2008.

Capital Management

Stockholders' equity was $1.15 billion at September 30, 2008.
Period-end assets were $13.04 billion. The Tier I risk-based capital
ratio of the Company was 10.05% at September 30, 2008, compared with
8.51% at December 31, 2007. The total risk-based capital ratio was
12.51% as of September 30, 2008, compared with 10.76% at December 31,
2007. These ratios have increased during 2008, as a result of
Minsheng's initial investment in UCBH in March 2008, as well as UCBH's
convertible preferred stock offering, which was completed in June
2008. The Company's capital ratios exceed regulatory requirements and
continue to be categorized as "well capitalized." The Bank's capital
ratios approximate those of the Company and are also categorized as
"well capitalized."

The second phase closing of Minsheng's investment in UCBH is
expected shortly. The inclusion of the second phase investment
proceeds on our capital position at September 30, 2008 would result in
the following pro forma capital ratios:

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Capital in Excess
Regulatory of "Well Pro Forma
Minimum for Capitalized" UCBH with
UCBH "Well Minimum Minsheng
Actual Capitalized" ($ in Thousands) Step 2
----------------------------------------------------------------------
Tier 1 Leverage
Ratio 8.25% 5.00% $405,447 8.48%
----------------------------------------------------------------------
Tier 1 Risk-based
Capital Ratio 10.05% 6.00% $415,277 10.32%
----------------------------------------------------------------------
Total Risk-based
Capital Ratio 12.51% 10.00% $257,160 12.76%
----------------------------------------------------------------------
Tangible Equity
Ratio 5.53% N/A N/A 5.76%
----------------------------------------------------------------------
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Balance Sheet Highlights

Total loans increased by 10.7% to $8.86 billion at September 30,
2008, from $8.01 billion at December 31, 2007.

Commercial business loans increased by 21.1% to $2.52 billion at
September 30, 2008, from $2.08 billion at December 31, 2007. All of
the commercial business loan growth during the third quarter was
through organic growth. Construction loans increased by 16.6% to $1.94
billion at September 30, 2008, from $1.67 billion at December 31,
2007, primarily due to drawdowns from existing loan commitments.
Commercial real estate loans increased by 5.9% to $2.64 billion at
September 30, 2008 compared to $2.49 billion at December 31, 2007.
Multifamily real estate loans were $1.19 billion at both September 30,
2008 and December 31, 2007.

New loan originations of $667.4 million for the third quarter of
2008 were comprised of $623.5 million of commercial loans and $43.9
million of consumer loans. Commercial business loan originations were
$194.2 million in the third quarter of 2008. Construction loan
originations were $95.0 million in the third quarter of 2008, with the
majority from New York and Seattle. Commercial real estate loan
originations were $334.3 million in the third quarter of 2008. Of the
$667.4 million in new loan originations, $212 million were originated
from our Greater China region.

The average loan yield decreased to 6.12% for the quarter ended
September 30, 2008, from 7.75% for the quarter ended December 31,
2007, primarily as a result of the recent Fed Funds rate cuts.

The investment securities portfolio, including available for sale
and held to maturity, was $2.73 billion at September 30, 2008,
compared with $2.46 billion at December 31, 2007. The investment
securities portfolio was 21.0% of total assets at September 30, 2008,
compared with 20.8% of total assets at December 31, 2007.

Total deposits increased by 9.6% to $8.53 billion at September 30,
2008, from $7.78 billion at December 31, 2007. The average cost of
deposits for the quarter ended September 30, 2008 was 2.60%, a
decrease of 105 basis points, from 3.65% for the quarter ended
December 31, 2007. The cost of deposits at September 30, 2008 was
2.61%, reflecting management's continued focus on disciplined deposit
pricing of our deposit generation strategy and the impact of the
recent Fed Funds rate cuts.

In accordance with our annual review policy, the Company is
evaluating the goodwill associated with our domestic and international
banking units. We anticipate the evaluation, which is being conducted
in conformity with Statement of Financial Accounting Standards No. 142
"Goodwill and Other Intangible Assets", to be completed prior to the
filing of our report on Form 10-Q for the third quarter of this year.

Third Quarter Earnings Teleconference and Webcast

UCBH will hold a conference call with an accompanying slide
presentation to be webcast on October 24, 2008 at 8:00 a.m. Pacific
time to discuss the financial results for the Company's third quarter
2008. The audio webcast and slide presentation will be available
through a link on the Investor Relations page of the Company's web
site at www.ucbh.com. If you are unable to listen to the webcast live,
an archived replay with the slide presentation will be available at
www.ucbh.com.

About UCBH Holdings, Inc.

UCBH Holdings, Inc., with $13.04 billion in assets as of September
30, 2008, is the holding company for United Commercial Bank, a
state-chartered commercial bank, which is a leading bank in the United
States serving the Chinese communities and American companies doing
business in Greater China. Together, the Bank and its subsidiaries,
including United Commercial Bank (China) Limited, operate 51
California branches/offices located in the San Francisco Bay Area,
Sacramento, Stockton, Los Angeles and Orange counties, eight branches
in New York, five branches in metropolitan Atlanta, three branches in
New England, two branches in the Pacific Northwest, a branch in
Houston, branches in Hong Kong, Shanghai and Shantou, China, and
representative offices in Beijing, Guangzhou and Shenzhen, China, and
Taipei, Taiwan. UCB, with headquarters in San Francisco, provides
commercial banking services to small- and medium-sized businesses and
professionals in a variety of industries, as well as consumer and
private client services to individuals. The Bank offers a full range
of lending activities, including commercial real estate and
construction loans, commercial credit facilities, international trade
finance, asset-based financing, cash management, loans guaranteed by
the U.S. Small Business Administration, commercial, multifamily and
residential mortgages, home equity lines of credit, and online banking
services for businesses and consumers. For additional information,
visit the web site for United Commercial Bank at www.ibankUNITED.com
or the web site for UCBH Holdings, Inc. at www.ucbh.com.

Forward-Looking Statements

Certain statements contained in this release may include
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are based upon specific assumptions that may or may not
prove correct. Forward-looking statements are also subject to known
and unknown risks, uncertainties and other factors relating to the
Company's and the Bank's operations and business environment, all of
which are difficult to predict, and many of which are beyond the
control of the Company and the Bank. The factors include, among
others: the current dislocations in global credit and capital markets;
economic and business conditions in the areas and markets in which the
Company and the Bank operate, particularly those affecting loans
secured by real estate; deterioration or improvement in the ability of
the Bank's borrowers to pay their debts to the Bank; market
fluctuations such as those affecting interest and foreign exchange
rates and the value of securities in which the Bank invests;
competition from other financial institutions, whether banks,
investment banks, insurance companies or others; the ability of the
Bank to assimilate acquisitions, enter new markets and lines of
business, and open new branches, successfully; changes in business
strategies; changes in tax law and governmental regulation of
financial institutions; demographic changes; and other risks and
uncertainties, including those discussed in the documents the Company
files with the Securities and Exchange Commission ("SEC"). The
foregoing may cause the actual results and performance of the Company
and the Bank to be materially different from the results and
performance indicated or suggested by the forward-looking statements.
Further description of the risks and uncertainties are included in
detail in the Company's current, quarterly and annual reports, as
filed with the SEC.

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UCBH Holdings, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(Dollars in Thousands, Except Share and Par Value Amounts)
(Unaudited)

September 30, December 31,
2008 2007
------------- ------------

ASSETS
Noninterest bearing cash $ 133,644 $ 117,141
Interest bearing cash 133,942 202,258
Federal funds sold 130,500 26,028
------------- ------------

Cash and cash equivalents 398,086 345,427
------------- ------------

Securities purchased under agreements to
resell 150,000 150,000
Investment and mortgage-backed securities
available for sale, at fair value 2,495,980 2,188,355
Investment and mortgage-backed securities
held to maturity, at cost (fair value of
$231,843 and $276,286 at September 30,
2008, and December 31, 2007, respectively) 238,694 271,485
Federal Home Loan Bank stock, Federal
Reserve Bank stock and other equity
investments 148,070 138,877
Loans held for sale, net of valuation
allowance 654 177,137

Loans held in portfolio 8,863,367 7,832,150
Allowance for loan losses (120,278) (80,584)
------------- ------------

Loans held in portfolio, net 8,743,089 7,751,566
------------- ------------

Accrued interest receivable 68,427 61,111
Premises and equipment, net 145,521 144,630
Goodwill 432,040 436,606
Core deposit intangibles, net 18,663 22,526
Mortgage servicing rights, net 11,677 12,783
Other assets 193,354 103,063
------------- ------------

Total assets $ 13,044,255 $11,803,566
============= ============

LIABILITIES AND STOCKHOLDERS' EQUITY
Noninterest bearing deposits $ 835,470 $ 860,338
Interest bearing deposits 7,694,700 6,920,902
------------- ------------

Total deposits 8,530,170 7,781,240
------------- ------------

Securities sold under agreements to
repurchase 700,000 650,000
Federal funds purchased - 78,000
Short-term borrowings 550,398 414,532
Subordinated debentures 406,459 406,615
Accrued interest payable 31,561 28,169
Long-term borrowings 1,547,668 1,372,190
Other liabilities 130,276 105,717
------------- ------------

Total liabilities 11,896,532 10,836,463
------------- ------------

Preferred stock, $0.01 par value,
10,000,000 shares authorized, 135,000
issued and 132,335 outstanding at
September 30, 2008 1 -
Common stock, $0.01 par value, 180,000,000
shares authorized at September 30, 2008,
and December 31, 2007; 111,092,733 and
104,397,988 shares issued and outstanding
at September 30, 2008, and December 31,
2007, respectively 1,105 1,044
Additional paid-in capital 668,783 427,474
Retained earnings 537,724 554,568
Accumulated other comprehensive loss (59,890) (15,983)
------------- ------------

Total stockholders' equity 1,147,723 967,103
------------- ------------

Total liabilities and stockholders'
equity $ 13,044,255 $11,803,566
============= ============

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UCBH Holdings, Inc. and Subsidiaries
Condensed Consolidated Statement of Operations
(Dollars in Thousands, Except Share and Per Share Amounts)
(Unaudited)

Three months Ended September 30,
--------------------------------
2008 2007
---------------- ---------------

Interest and dividend income:
Loans $ 136,241 $ 151,580
Investment and mortgage-backed
securities:
Taxable 29,783 20,460
Nontaxable 5,276 3,611
FHLB Stock 1,250 917
Federal funds sold and deposits
with banks 2,013 2,842
Securities purchased under
agreements to resell 999 3,341
---------------- ---------------

Total interest and dividend income 175,562 182,751
---------------- ---------------

Interest expense:
Deposits 54,959 72,195
Securities sold under agreements to
repurchase 5,902 3,631
Short-term borrowings and federal
funds purchased 5,362 3,324
Subordinated debentures 5,860 6,138
Long-term borrowings 13,937 13,539
---------------- ---------------

Total interest expense 86,020 98,827
---------------- ---------------

Net interest income 89,542 83,924
Provision for loan losses 43,221 3,010
---------------- ---------------

Net interest income after provision
for loan losses 46,321 80,914
---------------- ---------------

Noninterest income:
Commercial banking fees 5,404 5,188
Service charges on deposits 2,203 1,815
Gain (loss) on sale of securities,
net 4,828 702
Gain on sale of SBA loans, net 44 855
Gain on sale of multifamily and
commercial real estate loans, net 484 1,532
Lower of cost or market adjustment
on loans held for sale - (139)
Impairment on available for sale
securities (17,811) -
Equity loss in other equity
investments (1,122) (900)
Acquisition termination fee - -
Other fees 2,200 1,769
---------------- ---------------

Total noninterest income (loss) (3,770) 10,822
---------------- ---------------

Noninterest expense:
Personnel 29,164 24,405
Occupancy 6,030 5,510
Data processing 2,939 2,009
Furniture and equipment 2,295 2,139
Professional fees and contracted
services 2,729 1,944
Deposit insurance 1,250 560
Communication 875 796
Core deposit intangible amortization 1,382 918
Other general and administrative 5,333 5,297
---------------- ---------------

Total noninterest expense 51,997 43,578
---------------- ---------------

Income (loss) before income tax
expense (benefit) (9,446) 48,158
Income tax expense (benefit) (8,953) 17,337
---------------- ---------------

Net income (loss) (493) 30,821
Dividends on preferred stock 2,995 -
---------------- ---------------

Net income (loss) available to common
stockholders $ (3,488) $ 30,821
================ ===============

Per common share data:
Basic earnings
Net income (loss) available to
common stockholders $ (0.03) $ 0.30
Diluted earnings
Net income (loss) available to
common stockholders $ (0.03) $ 0.29

Dividends declared per share $ 0.04 $ 0.03

Average common shares outstanding:
Basic 110,480,074 103,834,048
Diluted 142,600,099 106,760,318

Nine Months Ended September 30,
--------------------------------
2008 2007
---------------- ---------------

Interest and dividend income:
Loans $ 412,346 $ 426,495
Investment and mortgage-backed
securities:
Taxable 90,391 64,631
Nontaxable 17,298 10,212
FHLB Stock 4,077 2,714
Federal funds sold and deposits
with banks 7,666 8,526
Securities purchased under
agreements to resell 4,964 7,834
---------------- ---------------

Total interest and dividend income 536,742 520,412
---------------- ---------------

Interest expense:
Deposits 174,170 206,702
Securities sold under agreements to
repurchase 18,559 10,312
Short-term borrowings and federal
funds purchased 16,240 12,993
Subordinated debentures 18,489 15,942
Long-term borrowings 45,500 37,973
---------------- ---------------

Total interest expense 272,958 283,922
---------------- ---------------

Net interest income 263,784 236,490
Provision for loan losses 110,853 6,156
---------------- ---------------

Net interest income after provision
for loan losses 152,931 230,334
---------------- ---------------

Noninterest income:
Commercial banking fees 15,479 15,140
Service charges on deposits 6,449 5,061
Gain (loss) on sale of securities,
net 7,448 3,780
Gain on sale of SBA loans, net 583 2,265
Gain on sale of multifamily and
commercial real estate loans, net 1,234 4,954
Lower of cost or market adjustment
on loans held for sale (1,428) (114)
Impairment on available for sale
securities (32,478) -
Equity loss in other equity
investments (3,487) (2,164)
Acquisition termination fee - -
Other fees 4,655 4,270
---------------- ---------------

Total noninterest income (loss) (1,545) 33,192
---------------- ---------------

Noninterest expense:
Personnel 86,862 71,943
Occupancy 17,937 15,535
Data processing 7,818 6,647
Furniture and equipment 6,427 6,530
Professional fees and contracted
services 6,574 5,615
Deposit insurance 3,616 1,154
Communication 2,751 2,298
Core deposit intangible amortization 3,862 3,321
Other general and administrative 13,787 17,249
---------------- ---------------

Total noninterest expense 149,634 130,292
---------------- ---------------

Income (loss) before income tax
expense (benefit) 1,752 133,234
Income tax expense (benefit) (7,678) 47,168
---------------- ---------------

Net income (loss) 9,430 86,066
Dividends on preferred stock 2,995 -
---------------- ---------------

Net income (loss) available to common
stockholders $ 6,435 $ 86,066
================ ===============

Per common share data:
Basic earnings
Net income (loss) available to
common stockholders $ 0.06 $ 0.85
Diluted earnings
Net income (loss) available to
common stockholders $ 0.06 $ 0.82

Dividends declared per share $ 0.08 $ 0.09

Average common shares outstanding:
Basic 109,027,140 101,709,167
Diluted 122,836,552 104,807,000

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UCBH Holdings, Inc. and Subsidiaries
Supplemental Data
(Dollars in Thousands)
(Unaudited)

Three Months Ended Nine Months Ended
September 30, September 30,
------------------------ -----------------------
2008 2007 2008 2007
------------ ----------- ----------- -----------

Operating Ratios and
Other Data:
Return on average
assets (0.02)% 1.15% 0.10% 1.11%
Return on average
equity (0.17)% 13.37 1.17 13.30
Efficiency ratio
(1) 60.62 45.99 57.06 48.31
Efficiency ratio
(excluding OTTI)
(4) 50.20 45.99 50.77 48.31
Noninterest expense
to average assets 1.61 1.63 1.57 1.69
Average equity to
average assets 9.02 8.60 8.50 8.38
Dividend payout
ratio (2) NM 10.34 200.00 10.98
Net loan charge-
offs to average
loans 1.40 0.12 1.10 0.10

New Loan Commitments:
Commercial:
Secured by real
estate -
nonresidential $ 302,841 $ 299,555 $ 720,294 $ 856,912
Secured by real
estate -
multifamily 31,429 80,655 270,721 304,176
Construction 94,999 276,102 420,113 955,765
Business 194,204 258,712 934,773 826,273
------------ ----------- ----------- -----------

Total commercial
loans 623,473 915,024 2,345,901 2,943,126
------------ ----------- ----------- -----------

Consumer:
Residential
mortgage (one-
to-four family) 28,323 48,101 124,887 127,245
Other 15,607 12,040 44,105 30,072
------------ ----------- ----------- -----------

Total consumer
loans 43,930 60,141 168,992 157,317
------------ ----------- ----------- -----------

Total loan
commitments (3) $ 667,403 $ 975,165 $2,514,893 $3,100,443
============ =========== =========== ===========

Average Loan
Balances:
Commercial:
Secured by real
estate -
nonresidential $2,621,832 $2,754,143 $2,576,145 $2,635,067
Secured by real
estate -
multifamily 1,266,036 1,366,315 1,231,467 1,334,823
Construction 1,949,777 1,345,393 1,847,940 1,213,297
Business 2,424,986 1,637,890 2,270,437 1,539,942
------------ ----------- ----------- -----------

Total commercial
loans 8,262,631 7,103,741 7,925,989 6,723,129
------------ ----------- ----------- -----------

Consumer:
Residential
mortgage (one-to-
four family) 502,819 477,928 511,208 465,520
Other 84,458 62,673 77,583 57,758
------------ ----------- ----------- -----------

Total consumer loans 587,277 540,601 588,791 523,278
------------ ----------- ----------- -----------

Total loans $8,849,908 $7,644,342 $8,514,780 $7,246,407
============ =========== =========== ===========

---------------------
(1) Represents noninterest expense divided by the total of our net
interest income before provision for loan losses and our noninterest
income.
(2) Represents dividends declared per share as a percentage of diluted
earnings per share.
(3) Excludes commitments related to loan participations.
(4) Represents noninterest expense divided by the total of our net
interest income before provision for loan losses and our noninterest
income excluding Other Than Temporary Impairment (OTTI) charges.
NM - Not meaningful

*T

-0-
*T
UCBH Holdings, Inc. and Subsidiaries
Average Yields Earned/Rates Paid
(Dollars in Thousands)
(Unaudited)

Three Months Ended September 30, 2008
-------------------------------------
Average
Yields
Interest Earned/
Average Income/ Rates
Balance Expense Paid
--------------- ----------- ---------

Nontaxable equivalent basis:
Interest-earning assets
Loans (1)(2) $ 8,849,908 $ 136,241 6.12%
Taxable securities (3) 2,272,818 29,783 5.21
Tax exempt securities (3) 468,325 5,276 4.48
FHLB Stock 90,377 1,250 5.50
Securities purchased under
agreements to resell 150,000 999 2.65
Other 236,899 2,013 3.38
--------------- -----------

Total interest-earning assets 12,068,327 175,562 5.79
Noninterest-earning assets 823,289 -
--------------- -----------

Total assets $ 12,891,616 $ 175,562
=============== ===========

Interest-bearing liabilities:
Deposits:
NOW, checking and money
market accounts $ 1,421,327 $ 7,017 1.96
Savings accounts 649,740 1,253 0.77
Time deposits 5,554,104 46,689 3.34
--------------- -----------

Total interest-bearing
deposits 7,625,171 54,959 2.87
Securities sold under
agreements to repurchase 700,000 5,902 3.35
Short-term borrowings and
federal funds purchased 701,898 5,362 3.04
Long-term borrowings 1,386,169 13,937 4.00
Subordinated debentures 406,495 5,860 5.73
--------------- -----------

Total interest-bearing
liabilities 10,819,733 86,020 3.16
Noninterest-bearing deposits 782,186 -
Other noninterest-bearing
liabilities 127,456 -
Stockholders' equity 1,162,241 -
--------------- -----------

Total liabilities and
stockholders' equity $ 12,891,616 $ 86,020
=============== ===========

Net interest-earning assets/net
interest income/net interest
rate spread (4) $ 1,248,594 $ 89,542 2.63%
=============== =========== =========

Net interest margin (5) 2.95%
=========

Ratio of interest-earning assets
to interest-bearing liabilities 1.12x
===============

Tax equivalent basis:
Total interest-earning assets
(6) $ 12,068,327 $ 178,403 5.88%
Total interest-bearing
liabilities 10,819,733 86,020 3.16
--------------- -----------

Net interest-earning assets/net
interest income/net interest
rate spread (4) $ 1,248,594 $ 92,383 2.72%
=============== =========== =========

Net interest margin (5) 3.05%
=========

Average cost of deposits:
Total interest-bearing deposits $ 7,625,171 $ 54,959 2.87%
Noninterest-bearing deposits 782,186 -
--------------- -----------

Total deposits $ 8,407,357 $ 54,959 2.60%
=============== =========== =========

Three Months Ended September 30, 2007
-------------------------------------
Average
Yields
Interest Earned/
Average Income/ Rates
Balance Expense Paid
--------------- ----------- ---------

Nontaxable equivalent basis:
Interest-earning assets
Loans (1)(2) $ 7,644,342 $ 151,580 7.93%
Taxable securities (3) 1,617,076 20,460 5.06
Tax exempt securities (3) 275,532 3,611 5.24
FHLB Stock 71,995 917 5.09
Securities purchased under
agreements to resell 184,239 3,341 7.25
Other 193,961 2,842 5.86
--------------- -----------

Total interest-earning assets 9,987,145 182,751 7.32
Noninterest-earning assets 726,893 -
--------------- -----------

Total assets $ 10,714,038 $ 182,751
=============== ===========

Interest-bearing liabilities:
Deposits:
NOW, checking and money
market accounts $ 1,561,262 $ 13,640 3.49
Savings accounts 741,573 1,751 0.94
Time deposits 4,492,421 56,804 5.06
--------------- -----------

Total interest-bearing
deposits 6,795,256 72,195 4.25
Securities sold under
agreements to repurchase 371,556 3,631 3.91
Short-term borrowings and
federal funds purchased 257,645 3,324 5.16
Long-term borrowings 1,151,958 13,539 4.70
Subordinated debentures 334,123 6,138 7.35
--------------- -----------

Total interest-bearing
liabilities 8,910,538 98,827 4.44
Noninterest-bearing deposits 810,440 -
Other noninterest-bearing
liabilities 71,259 -
Stockholders' equity 921,801 -
--------------- -----------

Total liabilities and
stockholders' equity $ 10,714,038 $ 98,827
=============== ===========

Net interest-earning assets/net
interest income/net interest
rate spread (4) $ 1,076,607 $ 83,924 2.88%
=============== =========== =========

Net interest margin (5) 3.36%
=========

Ratio of interest-earning assets
to interest-bearing liabilities 1.12x
===============

Tax equivalent basis:
Total interest-earning assets
(6) $ 9,987,145 $ 184,696 7.40%
Total interest-bearing
liabilities 8,910,538 98,827 4.44
--------------- -----------

Net interest-earning assets/net
interest income/net interest
rate spread (4) $ 1,076,607 $ 85,869 2.96%
=============== =========== =========

Net interest margin (5) 3.44%
=========

Average cost of deposits:
Total interest-bearing deposits $ 6,795,256 $ 72,195 4.25%
Noninterest-bearing deposits 810,440 -
--------------- -----------

Total deposits $ 7,605,696 $ 72,195 3.80%
=============== =========== =========

----------------------------------------------------------
(1) Nonaccrual loans are included in the table for computation
purposes; however, interest for such loans is recognized on a cash
basis.
(2) Average loans include loans held for sale.
(3) Average yield on investment securities is computed using
historical cost balances; the yield information does not give effect
to changes in fair value that are reflected as a component of
stockholders' equity.
(4) Interest rate spread represents the difference between the average
yield on interest-earning assets and the average cost of interest-
bearing liabilities.
(5) Net interest margin represents net interest income divided by
average interest-earning assets.
(6) Interest income from nontaxable securities has been adjusted to a
tax equivalent basis using a statutory Federal income tax rate of
35.0%. Interest income from nontaxable investment securities
calculated on a tax equivalent basis was $8.1 million and $5.6
million for the nine months ended September 30, 2008 and 2007,
respectively.

*T

-0-
*T
UCBH Holdings, Inc. and Subsidiaries
Average Yields Earned/Rates Paid
(Dollars in Thousands)
(Unaudited)

Nine Months Ended September 30, 2008
------------------------------------
Average
Yields
Interest Earned/
Average Income/ Rates
Balance Expense Paid
-------------- ----------- ---------

Nontaxable equivalent basis:
Interest-earning assets
Loans (1)(2) $ 8,514,780 $ 412,346 6.47%
Taxable securities (3) 2,331,917 90,391 5.18
Tax exempt securities (3) 478,296 17,298 4.83
FHLB Stock 94,834 4,077 5.74
Securities purchased under
agreements to resell 150,000 4,964 4.42
Other 251,353 7,666 4.07
-------------- -----------

Total interest-earning assets 11,821,180 536,742 6.07
Noninterest-earning assets 846,793 -
-------------- -----------

Total assets $ 12,667,973 $ 536,742
============== ===========

Interest-bearing liabilities:
Deposits:
NOW, checking and money
market accounts $ 1,491,349 $ 25,212 2.26
Savings accounts 701,382 3,938 0.75
Time deposits 5,154,034 145,020 3.76
-------------- -----------

Total interest-bearing deposits 7,346,765 174,170 3.17
Securities sold under
agreements to repurchase 740,839 18,559 3.35
Short-term borrowings and
federal funds purchased 766,770 16,240 2.83
Long-term borrowings 1,379,505 45,500 4.41
Subordinated debentures 406,540 18,489 6.07
-------------- -----------

Total interest-bearing
liabilities 10,640,419 272,958 3.43
Noninterest-bearing deposits 810,111 -
Other noninterest-bearing
liabilities 140,266 -
Stockholders' equity 1,077,177 -
-------------- -----------

Total liabilities and
stockholders' equity $ 12,667,973 $ 272,958
============== ===========

Net interest-earning assets/net
interest income/net interest
rate spread (4) $ 1,180,761 $ 263,784 2.64%
============== =========== =========

Net interest margin (5) 2.98%
=========

Ratio of interest-earning assets
to interest-bearing liabilities 1.11x
==============

Tax equivalent basis:
Total interest-earning assets (6) $ 11,821,180 $ 546,056 6.17%
Total interest-bearing
liabilities 10,640,419 272,958 3.43
-------------- -----------

Net interest-earning assets/net
interest income/net interest
rate spread (4) $ 1,180,761 $ 273,098 2.74%
============== =========== =========

Net interest margin (5) 3.09%
=========

Average cost of deposits:
Total interest-bearing deposits $ 7,346,765 $ 174,170 3.17%
Noninterest-bearing deposits 810,111 -
-------------- -----------

Total deposits $ 8,156,876 $ 174,170 2.85%
============== =========== =========

Nine Months Ended September 30, 2007
------------------------------------
Average
Yields
Interest Earned/
Average Income/ Rates
Balance Expense Paid
-------------- ----------- ---------

Nontaxable equivalent basis:
Interest-earning assets
Loans (1)(2) $ 7,246,407 $ 426,495 7.85%
Taxable securities (3) 1,708,250 64,631 5.04
Tax exempt securities (3) 274,657 10,212 4.96
FHLB Stock 71,281 2,714 5.08
Securities purchased under
agreements to resell 157,418 7,834 6.64
Other 181,524 8,526 6.26
-------------- -----------

Total interest-earning assets 9,639,537 520,412 7.20
Noninterest-earning assets 658,425 -
-------------- -----------

Total assets $ 10,297,962 $ 520,412
============== ===========

Interest-bearing liabilities:
Deposits:
NOW, checking and money
market accounts $ 1,517,049 $ 38,994 3.43
Savings accounts 716,378 5,484 1.02
Time deposits 4,347,191 162,224 4.98
-------------- -----------

Total interest-bearing deposits 6,580,618 206,702 4.19
Securities sold under
agreements to repurchase 336,902 10,312 4.08
Short-term borrowings and
federal funds purchased 314,047 12,993 5.52
Long-term borrowings 1,078,786 37,973 4.69
Subordinated debentures 281,299 15,942 7.56
-------------- -----------

Total interest-bearing
liabilities 8,591,652 283,922 4.41
Noninterest-bearing deposits 747,186 -
Other noninterest-bearing
liabilities 96,431 -
Stockholders' equity 862,693 -
-------------- -----------

Total liabilities and
stockholders' equity $ 10,297,962 $ 283,922
============== ===========

Net interest-earning assets/net
interest income/net interest
rate spread (4) $ 1,047,885 $ 236,490 2.79%
============== =========== =========

Net interest margin (5) 3.27%
=========

Ratio of interest-earning assets
to interest-bearing liabilities 1.12x
==============

Tax equivalent basis:
Total interest-earning assets (6) $ 9,639,537 $ 525,911 7.27%
Total interest-bearing
liabilities 8,591,652 283,922 4.41
-------------- -----------

Net interest-earning assets/net
interest income/net interest
rate spread (4) $ 1,047,885 $ 241,989 2.86%
============== =========== =========

Net interest margin (5) 3.35%
=========

Average cost of deposits:
Total interest-bearing deposits $ 6,580,618 $ 206,702 4.19%
Noninterest-bearing deposits 747,186 -
-------------- -----------

Total deposits $ 7,327,804 $ 206,702 3.76%
============== =========== =========

----------------------------------------------------------
(1) Nonaccrual loans are included in the table for computation
purposes; however, interest for such loans is recognized on a cash
basis.
(2) Average loans include loans held for sale.
(3) Average yield on investment securities is computed using
historical cost balances; the yield information does not give effect
to changes in fair value that are reflected as a component of
stockholders' equity.
(4) Interest rate spread represents the difference between the average
yield on interest-earning assets and the average cost of interest-
bearing liabilities.
(5) Net interest margin represents net interest income divided by
average interest-earning assets.
(6) Interest income from nontaxable securities has been adjusted to a
tax equivalent basis using a statutory Federal income tax rate of
35.0%. Interest income from nontaxable investment securities
calculated on a tax equivalent basis was $26.6 million and $15.7
million for the nine months ended September 30, 2008 and 2007,
respectively.

*T

-0-
*T
UCBH Holdings, Inc. and Subsidiaries
Selected Financial Data
(Dollars in Thousands, Except Per Share Amounts)
(Unaudited)

September 30, December 31,
2008 2007
------------- ------------
Selected loan data:
Loans held for sale:
Commercial:
Secured by real estate - nonresidential $ 654 $ 175,101
Commercial business - 1,109
------------- ------------
Total commercial loans 654 176,210
------------- ------------

Consumer:
Residential mortgage (one-to-four family) - 927
------------- ------------
Total loans held for sale (1) $ 654 $ 177,137
============= ============

Loans held in portfolio:
Commercial:
Secured by real estate - nonresidential $ 2,638,119 $ 2,317,501
Secured by real estate - multifamily 1,189,195 1,186,177
Construction 1,943,729 1,666,550
Commercial business 2,515,760 2,076,597
------------- ------------
Total commercial loans 8,286,803 7,246,825
------------- ------------

Consumer:
Residential mortgage (one-to-four family) 493,065 518,674
Other 83,499 66,651
------------- ------------

Total consumer loans 576,564 585,325
------------- ------------

Total loans held in portfolio (2) $ 8,863,367 $ 7,832,150
============= ============

Nonperforming loans $ 232,204 $ 53,185
Other real estate owned (OREO) 19,377 3,844
Loan delinquency ratio 2.79% 0.89%
Nonperforming assets to total assets 1.93 0.48
Nonperforming loans to loans held in
portfolio 2.62 0.68
Allowance for loan losses to nonperforming
loans 51.80 151.52
Allowance for loan losses to loans held in
portfolio 1.36 1.03
Net loan to deposit ratio 102.50 101.90

Selected deposit data:
NOW, checking and money market accounts $ 2,136,864 $ 2,417,630
Savings accounts 818,421 986,664
Time deposits 5,574,885 4,376,946
------------- ------------

Total deposits $ 8,530,170 $ 7,781,240
============= ============

Cost of deposits 2.61% 3.40%

Selected equity data:
Book value per share $ 10.33 $ 9.26

United Commercial Bank and subsidiaries
regulatory capital ratios:
Total risk-based capital 11.80% 10.80%
Tier 1 risk-based capital 9.34 8.55
Tier 1 leverage ratio 7.66 7.42

UCBH Holdings, Inc. and subsidiaries
regulatory capital ratios:
Total risk-based capital 12.51% 10.76%
Tier 1 risk-based capital 10.05 8.51
Tier 1 leverage ratio 8.25 7.39

-------------------------------------------
(1) Includes net unamortized deferred loan fees, purchase premiums and
discounts of $3,000 and $322,000 at September 30, 2008, and December
31, 2007, respectively.
(2) Includes net unamortized deferred loan fees purchase premiums and
discounts of $12.9 million and $17.9 million at September 30, 2008,
and December 31, 2007, respectively.
*T

For UCBH Holdings, Inc.
Douglas Mitchell, 415-315-2800
Senior Vice President,
Corporate Development and Investor Relations
Craig S. On, 415-315-2800
Executive Vice President and Chief Financial Officer
or
EVC Group
Investor Relations:
Douglas M. Sherk or Jenifer Kirtland, 415-896-6820
Media Relations:
Steve DiMattia, 646-201-5445

Copyright Business Wire 2008