Opus Bank: 4Q Earnings Snapshot
IRVINE, Calif. (AP) _ Opus Bank (OPB) on Monday reported a loss of $6.9 million in its fourth quarter.
The bank, based in Irvine, California, said it had a loss of 20 cents per share. Earnings, adjusted for restructuring costs, were 27 cents per share.
The state-charted commercial bank posted revenue of $67.8 million in the period. Its revenue net of interest expense was $53.8 million, which missed Street forecasts.
For the year, the company reported profit of $30.9 million, or 81 cents per share. Revenue was reported as $241.6 million.
Opus Bank shares have increased almost 7 percent since the beginning of the year. The stock has decreased 23 percent in the last 12 months.