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Article: United PanAm Financial Corp. Announces Fourth Quarter and Year-End Results.

Article from:
Business Wire
Article date:
February 1, 1999
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SAN MATEO, Calif.--(BUSINESS WIRE)--Feb. 1, 1999--United PanAm Financial Corp. (Nasdaq:UPFC) today announced results for its full year and fourth quarter ended December 31, 1998.

For the year ended December 31, 1998, the company reported net income of $6.8 million, a 10 percent increase from $6.2 million reported for 1997. On a diluted per share basis, net income for the year was $0.42 compared with $0.53 a year ago.

Net interest income for the year ended December 31, 1998 increased to $26.1 million from $14.1 million a year ago, and non-interest income (substantially all cash gains on sales of whole loans from the company's mortgage finance operations) ...

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