Westcorp’s 3rd-Quarter Earnings More Than Double

Financial services holding company Westcorp Inc. said net income more than doubled for the third quarter.

The company, whose principal subsidiaries are WFS Financial Inc. and Western Financial Bank, earned $8.9 million, or 34 cents a share, up from $3.5 million, or 13 cents a share, for the third quarter a year earlier, which included a one-time assessment of $12 million for the Savings Assn. Insurance Fund. For the first nine months this year, net income advanced 11% to $26.7 million, or $1.01 a share, from $24 million, or 92 cents a share, a year ago. Total assets were up 15% to $3.8 billion from $3.3 billion.