American West Reports 59% 1st-Quarter Increase
- Share via
Encino-based American West Bank posted first-quarter earnings of $90,501, up 59% over the first quarter of 1986.
Earnings were 12 cents a share, against 7 cents in the quarter a year ago, while assets rose 20%, to $42 million.
The one-branch bank attributed the improved results to low interest rates, which cut the bank’s cost of money, as well as cost cutting.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
