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StumbleLas Vegas thrift operator’s earnings jump
Monday, Jan. 14, 2002 | 11:03 a.m.
Washington Federal Savings today announced earnings of $35.3 million, or 61 cents diluted share, for its first quarter ended Dec. 31.
That's up 45 percent from the $24.5 million, or 42 cents the Seattle-based thrift earned in the year-ago quarter.
CEO Roy Whitehead attributed the record profit to a reduction in funding costs as well as a higher net interest spread.
Washington Federal has 113 branches in the West including two in the Las Vegas area (Henderson and Summerlin).
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