Opus Bank (OPB) Tops Q3 EPS by 19c
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Opus Bank Announces Third Quarter 2017 Results
October 23, 2017 7:00 AM EDTIRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank (Opus) (NASDAQ: OPB) announced today net income of $20.5 million, or $0.54 per diluted share, for the third quarter of 2017 compared to net income of $18.2 million, or $0.48 per diluted share, for the second quarter of 2017 and a net loss of $3.0 million, or $(0.09) per diluted share, for the third quarter of 2016. Net income increased by 53% to $46.4 million for the nine months ended September 30, 2017 from $30.4 million for the nine months ended September 30, 2016. Net income for the third quarter of 2017 included a $4.8 million write-off of other repossessed assets, a $3.9 million gain... More
