Opus Bank Reports Fourth Quarter and Year End 2018 Results
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Opus Bank (OPB) Misses Q4 EPS by 49c
January 28, 2019 7:02 AM ESTOpus Bank (NASDAQ: OPB) reported Q4 EPS of ($0.20), $0.49 worse than the analyst estimate of $0.29.
Fourth Quarter and Year End 2018 Highlights
Net interest income increased 3.2% compared to the prior quarter, driven by increases in interest income on loans and investment securities.Net interest margin expanded nine basis points to 3.07% compared to the prior quarter due to the benefit of loan repricing during the fourth quarter and lower premium amortization on investment securities, partially offset by a higher cost of deposits.Loans held for investment grew 5.0% on an annualized basis,... More