Eldorado Bancshares Posts $2.5-Million Profit

Eldorado Bancshares Inc., the Laguna Hills parent company of Eldorado Bank and Antelope Valley Bank, posted fourth-quarter net income of $2.5 million, compared with a loss of $7.4 million for the prior year’s final three months. Quarterly revenue rose slightly to $27.9 million from $27.6 million.

The company, which last month announced a deal to be acquired by Zions Bankcorporation, posted annual earnings of $8.8 million, a turnaround from its $3.4-million loss the previous year. Annual revenue grew to $112.3 million from $105 million the prior year. Per share amounts based on net income were not disclosed.

Eldorado’s total assets slipped to $1.3 billion at the end of December from $1.4 billion a year earlier.