Bank of the West Earnings Increase in Third Quarter

San Francisco-based Bank of the West on Tuesday reported a 3.5 percent increase in net income for the third quarter, $141.5 million as compared to $136.7 million in the same quarter last year.

Third quarter earnings were also 1.7 percent higher than earnings reported in the second quarter of 2007, bank officials said Tuesday.

Outstanding loans and leases increased 7.5 percent year-over-year in the third quarter, while deposits increased 2.4 percent to $37.25 percent. Assets were 5.3 percent higher than in the previous year.

“Our asset quality remains strong and our earnings growth is encouraging,” Chairman and CEO Don J. McGrath said in a statement.

Bank of the West’s holding company BancWest Corp., is a subsidiary of BNP Paribas.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Japanese American family at heart of beloved Golden Gate Park garden

The Japanese Tea Garden, the oldest public Japanese garden in North America,… Continue reading

Coronavirus cruise ship passengers head to California military base for quarantine

LOS ANGELES — American passengers evacuated from a cruise ship in which… Continue reading

Kicking off the budgeting process with the School Planning Summit

Last week I shared some information about SFUSD’s budget. I mentioned how… Continue reading

SF Lives: A ‘poverty scholar’ gives visibility to homeless people

Houseless, landless and unhoused are the preferred terms of Gray-Garcia and the people she’s aligned with in the POOR Media Network.

The racial contours of our housing crisis

Black residents of Midtown apartments deserve ownership

Most Read