Downey Financial Corp.: The Newport Beach company,...

Downey Financial Corp.: The Newport Beach company, whose primary subsidiary is Downey Savings and Loan Assn., reported that net income for the third quarter declined 5% to $5.4 million, or 33 cents a share, from $5.7 million, or 35 cents a share, in the corresponding quarter last year. For the first three quarters of 1995, net income totaled $12.8 million, or 79 cents a share, 28% lower than the $17.9 million, or $1.11 a share, for the same period of last year. As of Sept. 30, total assets were $4.7 billion, up 18% from $4 billion a year ago.