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News Breaks
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October 20, 2009
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| 17:21 EDT |  | ABCW |
| theflyonthewall.com: | Anchor Bancorp restates Q1 results | | Anchor BanCorp restated its Q1 results indicating an additional loss of $51.1M, or a total loss of $62.9M for the quarter ended June 30. This restatement is based primarily on the adjusted classification of certain non-performing loans that its subsidiary bank's (AnchorBank, fsb) loan portfolio is experiencing, as well as on a re-evaluation of its allowance for loan losses. Reported Q1 EPS ($2.97) vs. consensus of ($1.33). (One analyst estimate). :theflyonthewall.com |
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