United Western Bancorp reports net loss in Q3

Thu. November 05, 2009; Posted: 09:42 AM

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Nov 05, 2009 (Datamonitor via COMTEX) -- UWBK | Quote | Chart | News | PowerRating -- United Western Bancorp has reported a net loss of $8.69 million, or $0.95 per share, for the third quarter ended September 30, 2009, compared to a net income of $1.49 million, or $0.21 per share, for the third quarter ended September 30, 2008.

Net interest income before provision for credit losses for the third quarter of 2009 declined to $17.03 million from $21.04 million for the third quarter of 2008.

For the first nine months ended September 30, 2009, the company has reported a net loss of $1.42 million, or $0.18 per share, compared to a net income of $7.92 million, or $1.09 per share, for the first nine months ended September 30, 2008.

For the first nine-month period of 2009, net interest income before provision for credit losses was $54.09 million versus $61.14 million for the prior-year period.

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For full details on United Western Bancorp Inc (UWBK) click here. United Western Bancorp Inc (UWBK) has Short Term PowerRatings of 4. Details on United Western Bancorp Inc (UWBK) Short Term PowerRatings is available at This Link.

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