Opus Bank (OPB) Misses Q1 EPS by 1c
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Opus Bank Announces First Quarter 2019 Results
April 29, 2019 7:00 AM EDTIRVINE, Calif.--(BUSINESS WIRE)-- Opus Bank ("Opus") (NASDAQ: OPB) announced today net income of $10.9 million, or $0.28 per diluted share, for the first quarter of 2019 compared to a net loss of $6.9 million, or $(0.20) per diluted share, for the fourth quarter of 2018 and net income of $12.9 million, or $0.34 per diluted share, for the first quarter of 2018. Net income during the first quarter of 2019 included a $1.4 million expense related to the settlement of a longstanding legal matter that originated in January 2013 and a $489,000 charge related to the exiting of a line of business included in Other Income. Together, these items impacted... More
