Opus Bank: 2Q Earnings Snapshot
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.