IRVINE, Calif. (AP) _ Opus Bank (OPB) on Monday reported fourth-quarter net income of $20.3 million.

The Irvine, California-based bank said it had earnings of 53 cents per share. Earnings, adjusted for non-recurring gains, were 51 cents per share.

The state-charted commercial bank posted revenue of $82.9 million in the period. Its revenue net of interest expense was $63.5 million, beating Street forecasts.

For the year, the company reported profit of $61.8 million, or $1.62 per share. Revenue was reported as $250.5 million.

Opus Bank shares have decreased 4% since the beginning of the year. The stock has climbed 19% 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