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Opus Bank (OPB) Sees Q3 Impact from Loan Charge-Offs

Go back to Opus Bank (OPB) Sees Q3 Impact from Loan Charge-Offs

Opus Bank Announces Loan Charge-Offs Will Impact Third Quarter Earnings

October 17, 2016 7:00 AM EDT

IRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank (Opus) (NASDAQ: OPB) announced today that earnings for the third quarter 2016, which will be announced on October 24, 2016 before the market opens, will include a $0.59 per diluted share impact from loan charge-offs and is expected to result in a net loss of approximately $0.05 per diluted share for the third quarter of 2016.

As part of the credit review process of... More