IRT Corp. reported a 204% jump in...
- Share via
IRT Corp. reported a 204% jump in third-quarter earnings, to $310,000, or 14 cents per share. Revenues for the quarter ended Dec. 28 rose 181%, to $9.9 million. For the nine months, net income at the technological products and services supplier totaled $566,000, or 27 cents per share, up 61%, on revenues of $19.2 million, up 79%.
Torrey Pines Group., parent of Torrey Pines Bank, said 1984 net income jumped to $610,000, or 88 cents a share, from $310,000, or 45 cents a share, a year earlier. Assets as of Dec. 31 were $113 million, from $83 million the prior year. Deposits rose to $102 million, from $75.7 million, and loans increased to $85 million, from $60 million the prior year.
Rancho Santa Fe National Bank said 1984 net income jumped to $327,000, or 65 cents a share, from $214,000, or 43 cents, a year earlier. Assets as of Dec. 31 were ahead to $50.9 million, from $35 million the prior year. Deposits rose to $44.9 million from $29.6 million and loans increased to $35.7 million, from $22.4 million the prior year.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.