{"id":281849,"date":"2007-11-29T11:50:00","date_gmt":"2007-11-29T16:50:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/pacific-western-posts-lower-profit-revenue\/"},"modified":"2007-11-29T11:50:00","modified_gmt":"2007-11-29T16:50:00","slug":"pacific-western-posts-lower-profit-revenue","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/industry-news\/pacific-western-posts-lower-profit-revenue\/","title":{"rendered":"Pacific &#038; Western posts lower profit, revenue"},"content":{"rendered":"<p>Pacific &#038; Western Credit Corp. today reported a drop in fourth quarter earnings and revenue.<BR><BR>The parent company of Pacific &#038; Western Bank of Canada said net income for the quarter ended October 31 was $638,000, or 4\u00a2 a share, compared to $1.5 million, or 11\u00a2 a share, for the same period last year.<BR><BR>Total revenue, on a taxable equivalent basis, was $4.4 million for the quarter compared to $5.5 million a year ago, and for the year was $18.5 million<BR>compared to $34.6 million a year ago.<BR><BR>Lending assets increased by 13% to $978 million from $923 million at the end of the previous quarter and from $864 million a year ago.<BR><BR>Total assets increased to $1.5 billion from $1.2 billion at the end of the previous quarter and from $1.3 billion a year ago.<BR><BR>For the year, net income was $2.2 million, or $14\u00a2 a shar,  compared to $17 millio, or $1.25 per share, a year ago. Net income in 2006 included a dilution gain from Discovery Air Inc. of $13.8 million. or $1.03 a share, after income taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total assets climb to $1.5 billion<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2318],"tags":[2483],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/281849"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=281849"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/281849\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=281849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=281849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=281849"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=281849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}