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Opus Bank: 2Q Earnings Snapshot

July 29, 2019

IRVINE, Calif. (AP) _ Opus Bank (OPB) on Monday reported second-quarter earnings of $8.7 million.

The Irvine, California-based bank said it had earnings of 23 cents per share. Earnings, adjusted for non-recurring costs, came to 35 cents per share.

The state-charted commercial bank posted revenue of $83 million in the period. Its revenue net of interest expense was $62.5 million, missing Street forecasts.

Opus Bank shares have increased 14% since the beginning of the year. The stock has declined 20% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OPB at https://www.zacks.com/ap/OPB

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