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.

Niners shock Packers to advance to NFC Championship Game

Late-game blocked punt turned the game around

The downturn persists: Examiner analysis reveals that S.F.’s economy has a long road to recovery

‘If you don’t keep downtown a vibrant place, it has cascading consequences on all the neighborhoods’