U.S. Markets closed

Opus Bank: 1Q Earnings Snapshot

IRVINE, Calif. (AP) _ Opus Bank (OPB) on Monday reported first-quarter net income of $10.9 million.

The bank, based in Irvine, California, said it had earnings of 28 cents per share. Earnings, adjusted for non-recurring costs, came to 32 cents per share.

The state-charted commercial bank posted revenue of $78 million in the period. Its revenue net of interest expense was $61.9 million, missing Street forecasts.

Opus Bank shares have risen 11% since the beginning of the year. The stock has decreased 24% 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