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In Brief: Loss of Household Chops ITLA Profits.(Brief Article)

American Banker

| May 04, 2005 | Kuehner-Hebert, Katie | COPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

ITLA Capital Corp. in La Jolla, Calif., said first-quarter earnings declined 59% from a year earlier, to $5.7 million, because of the termination of a lucrative tax-refund loan deal with Household Finance Inc.

Noninterest income dropped from $13.4 million in the first quarter of 2004 to a loss of $20,000, said the $2.4 billion-asset company, which owns Imperial Capital Bank. Net interest income fell 5.2%, to …

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Source: HighBeam Research, In Brief: Loss of Household Chops ITLA Profits.(Brief Article)

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