FarWest Financial Corp., a Los Angeles holding...

FarWest Financial Corp., a Los Angeles holding company for FarWest Savings & Loan in Newport Beach, posted net income of $1.5 million for the third quarter, a 75% drop from $6 million earned in last year’s third quarter. Quarterly revenue rose 18% to $112 million from $94.6 million last year. For the first 9 months, the company reported net income of $6.3 million, a 69% drop from $20.6 million earned in the same period last year. Revenue for the period rose 13% to $310 million from $274 million last year. The firm’s assets grew 25% to $4.5 billion at the end of September from $3.6 billion a year earlier.