Profit Climbs 14% at TransWorld Bancorp
- Share via
TransWorld Bancorp, parent of TransWorld Bank, posted a 14% increase in first-quarter profit compared with a year earlier.
The Sherman Oaks-based institution, which operates nine offices, said net income in the quarter ended March 31 rose to $252,000, or 25 cents a share, from $221,000, or 22 cents a share, a year earlier. The per-share results were adjusted to reflect a 5% stock dividend on March 1.
TransWorld’s deposits rose 7% in the latest quarter, to $153.1 million from $142.8 million, and its overall assets were up 8% to $170.2 million from $157.7 million.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
