Opus Bank Announces Second Quarter 2019 Financial Results

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Opus Bank (OPB) Tops Q2 EPS by 2c

July 29, 2019 7:13 AM EDT

Opus Bank (NASDAQ: OPB) reported Q2 EPS of $0.35, $0.02 better than the analyst estimate of $0.33.

Loans increased 6.0% and deposits increased 2.4% in the second quarterContinued improvements in credit quality; Nonperforming assets to total assets ratio decreased three basis points to 0.27%Executed a cost reduction initiative during the second quarter to improve... More