First Interstate, Texas Instruments, Seagate Post Losses

First Interstate Bancorp: As expected, the Los Angeles-based bank announced a $207.5-million third-quarter loss, mostly because of problems with real estate loans and $90 million in restructuring costs.

The bank, announcing last month that it would lay off about 3,500 workers, said it expected to lose about $200 million in the quarter. About half of the layoffs were in California.

First Interstate’s loss comes to $3.46 a share. It contrasts with a profit of $155.4 million, or $2.39 a share, a year earlier. For the first nine months, the bank lost $228.2 million, or $4.10 a share, contrasted with a profit of $377.7 million, or $5.05 a share, a year earlier.

Bad loans and other non-performing assets totaled $1.9 billion Sept. 30. About 76% of the bank’s non-performing assets are real estate related.