Downey Financial’s Income Triples for First Quarter

Downey Financial Corp., parent company of Downey Savings & Loan Assn. reported that net income for the first quarter more than tripled, to $10.6 million, or 62 cents a share, from $3.2 million, or 19 cents a share, for the first quarter of last year. Total assets were unchanged at $4.7 billion.