(Reuters) - Beverly Hills said on May 9 that first-quarter profit rose
6 percent to $2.64 million, or 14 cents per share, although net
interest margin plummeted to 2.01 percent from 2.70 percent.
Many lenders have struggled with narrowed margins as long- and
short-term interest rates converged. The company ended March
with $1.64 billion of assets.
Beverly Hills shares closed up 1 cent at $7.39 on the
Nasdaq on Monday. They have fallen 10.9 percent this year.
Read more at Reuters.com Government Filings News
6 percent to $2.64 million, or 14 cents per share, although net
interest margin plummeted to 2.01 percent from 2.70 percent.
Many lenders have struggled with narrowed margins as long- and
short-term interest rates converged. The company ended March
with $1.64 billion of assets.
Beverly Hills shares closed up 1 cent at $7.39 on the
Nasdaq on Monday. They have fallen 10.9 percent this year.
Read more at Reuters.com Government Filings News
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