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Thursday, Mar 28, 2024

FBBH Earnings Lackluster

Beverly Hills Bancorp Inc., parent of First Bank of Beverly Hills in Calabasas, said that its net income dipped slightly to $14.8 million or $0.72 per share for the year ended Dec. 31, compared to $15.1 million or $0.70 per diluted share in the prior year. Beverly Hills Bancorp reported net interest income was $33 million for the year, compared with $39.1 million for the 2005 year. The bank’s assets rose to $1.6 billion as of Dec. 31, 2006, compared to $1.4 billion in the prior year.

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