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United PanAm Financial Announces Fourth Quarter 2003 Results.
Business Editors
NEWPORT BEACH, Calif--(BUSINESS WIRE)--Jan. 30, 2004
United PanAm Financial Corp. (Nasdaq:UPFC) today announced results for its fourth quarter ended Dec. 31, 2003.
For the quarter ended Dec. 31, 2003 the company reported net income of $4.6 million, equal to $0.24 per diluted share, compared to net income of $3.5 million, or $0.20 per diluted share for the same period a year ago. This represents a 31% increase in net income between the two periods.
Net interest income, after provision for loan loss, for the fourth quarter of 2003 rose 33% to $18.2 million from $13.7 million in the fourth quarter of 2002.
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