WFS Financial Inc.

The Irvine auto financing company reported record net income of $12.9 million, or 50 cents a share, for the fourth quarter, compared with a $400,000 profit, or 2 cents a share, for the final three months of 1998. Quarterly revenue rose to $70.6 million from $46 million. For the year, WFS earned $49.4 million, or $1.91 a share, compared with a net loss of $16.6 million, or 64 cents a share in 1998. Annual revenue grew to $295.1 million from $166.5 million.