First Alliance Corp.: The Irvine consumer finance...
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First Alliance Corp.: The Irvine consumer finance company reported net income of $8.2 million, or 37 cents a share, for the third quarter, up more than $5.8 million, or 26 cents a share, for the third quarter of 1996. Revenue rose nearly 24% to $23.4 million from $18.9 million. Net income for the nine months increased 49% to $23.8 million, or $1.08 a share, from $16 million, or 72 cents a share, for the corresponding period in 1996. Revenue totaled $68.1 million, up 34% from $50.8 million.
The company completed its initial public offering in the third quarter of 1996.
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