87.5 F
San Fernando
Saturday, Jun 3, 2023

Interest Income Declines at Beverly Hills Bancorp

Beverly Hills Bancorp Inc. reported net income of $2.6 million or $0.14 per diluted share for the three months ended March 31, 2007, compared with earnings of $2.5 million or $0.12 per diluted share for the comparable period in 2006. Calabasas-based BHBC, the parent company for First Bank of Beverly Hills, attributed the earnings increase to a $1.4 million reduction in expenses offset by a $1.2 million decrease in net interest income and a slight increase in the provision for loan losses. Loan originations for the period grew to $97.5 million compared with $59.8 million for the 2006 quarter, the bank said. Deposits as of March 31 totaled $764.9 million, versus $850.9 million as of Dec. 31, 2006.

Featured Articles

Related Articles