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Article: United PanAm Financial Announces Fourth Quarter 2002 Results.
- Article from:
- Business Wire
- Article date:
- January 29, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Jan. 29, 2003
United PanAm Financial Corp. (Nasdaq:UPFC) today announced results for its fourth quarter ended Dec. 31, 2002.
For the quarter ended Dec. 31, 2002, the company reported net income of $3.5 million, equal to $0.20 per diluted share, compared with net income of $2.2 million, or $0.13 per diluted share for the same period a year ago. This represents a 59% increase in net income between the two periods and a 54% increase in earnings per diluted share.
Net interest income for the fourth quarter of 2002 rose 31% to $14.1 million, from $10.8 million in the fourth quarter of ...