SAN FRANCISCO - Improvements in asset quality and loan growth sharply boosted earnings at two big California thrifts and a large commercial bank.

Glendale Federal Bank, a $16 billion-asset thrift headquartered outside Los Angeles, had a profit of $12.1 million for its fiscal fourth quarter, which ended in June. Glendale lost $4.8 million in the same period last year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.