Downey Financial Corp.: The Newport Beach parent...

Downey Financial Corp.: The Newport Beach parent company of Downey Savings & Loan Assn. reported net income totaled $7.8 million, or 47 cents a share, for the second quarter, up 88% from $4.2 million, or 25 cents a share, for the second quarter last year. For the first six months, net income more than doubled to $18.4 million, or $1.09 a share, from $7.4 million, or 44 cents a share. Total assets were unchanged at $4.7 billion.