Golden West Financial Corp., parent of World...
From Times Wire Services
Golden West Financial Corp., parent of World Savings & Loan Assn., said fourth-quarter earnings rose 10% on lower cost of funds and mortgage portfolio growth.
Net income for the nation’s third-largest thrift holding company rose to $69.9 million, or $1.10 a share, from $63.6 million, or $1 a share, a year earlier.
Net interest income rose to $181.8 million from $165.7 million, while the Oakland-based thrift added $11.5 million to its loan-loss reserves, compared to $9 million in the previous year.
Fourth-quarter originations totaled $1.8 billion, up from $1.3 billion in the 1991 period.
Earnings, D10
