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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, came to 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 fell short of Street forecasts.

Opus Bank shares have climbed almost 7 percent since the beginning of the year. The stock has declined 23 percent 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