Opus Bank Announces First Quarter 2019 Results
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Opus Bank (OPB) Misses Q1 EPS by 1c
April 29, 2019 7:06 AM EDTOpus Bank (NASDAQ: OPB) reported Q1 EPS of $0.28, $0.01 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $66.91 million versus the consensus estimate of $62.52 million.
First Quarter 2019 Highlights
Loans held for investment increased 6%, or $296.3 million, compared to the prior quarter, driven by strong growth in multifamily loans.Deposits increased 2%, or $124.9 million, compared to the prior quarter.Net interest income increased 1% compared to the prior quarter, as higher interest income on loans and investment securities was partially offset by higher interest expense on deposits and... More