Opus Bank (OPB) Misses Q3 EPS by 12c

Go back to Opus Bank (OPB) Misses Q3 EPS by 12c

Opus Bank Announces Third Quarter 2018 Results

October 22, 2018 7:00 AM EDT

IRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank (Opus) (NASDAQ: OPB) announced today net income of $9.4 million, or $0.25 per diluted share, for the third quarter of 2018 compared to net income of $15.5 million, or $0.40 per diluted share, for the second quarter of 2018 and net income of $20.5 million, or $0.54 per diluted share, for the third quarter of 2017. Net income for the nine months ended September 30, 2018 was $37.8 million, or $0.99 per diluted share, compared to $46.4 million, or $1.23 per diluted share, for the nine months ended September 30, 2017. Net income during the third quarter of 2018 included severance and retention costs and strategic... More