SANTA MONICA, Calif - Firstfed Financial Corp., the parent of First Federal Bank of California, reported third-quarter earnings of $3.6 million, up from $703,000 a year earlier.

Firstfed attributed the increase to a reduction in nonperforming assets to 3.47% of total assets, compared with 4.14% in the prior quarter. Firstfed said its nonperforming assets ratio was 2.76% for the third quarter of 1992.

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.