IRVINE, Calif. (AP) _ Opus Bank (OPB) on Tuesday reported a first-quarter loss of $84.8 million, after reporting a profit in the same period a year earlier.

The Irvine, California-based bank said it had a loss of $2.34 per share. Earnings, adjusted for one-time gains and costs, were 35 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.

The state-charted commercial bank posted revenue of $82.8 million in the period. Its revenue net of interest expense was $65 million, also exceeding Street forecasts.

Opus Bank shares have declined 31% since the beginning of the year. The stock has fallen 17% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OPB at https://www.zacks.com/ap/OPB

Automated Insights, source Associated Press News