Advertisement

Mercury Savings & Loan in Huntington Beach...

Mercury Savings & Loan in Huntington Beach posted net income of $1.4 million for the third quarter, a turnaround from last year’s third-quarter net loss of $2.6 million. Quarterly revenue rose 9%, to $58.8 million from $53.7 million last year. For the first 9 months, the S&L; reported net income of $4 million, a 17% drop from $4.8 million earned in the same period last year. Revenue for the period increased 4%, to $174.3 million from $167.7 million last year. Mercury’s assets grew 13%, to $2.6 billion at the end of September from $2.3 billion a year earlier.


Advertisement