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05/04/2012

OmniAmerican Bank loans, earnings up

Fort Worth-based OmniAmerican Bank said its loans were up $27.5 million, or 4 percent, and earnings rose more than 50 percent, to $803,000, in the year's first quarter. Higher auto loans drove lending growth, and cost-cutting provided the biggest boost to earnings. OmniAmerican said it finished the quarter with $711 million in net loans outstanding, $832 million in deposits and $1.37 billion in total assets. OmniAmerican's shares (ticker: OABC) were down slightly in early trading Friday.

-- Jim Fuquay

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That is a good sign. Increased loans can only mean that the economy is starting to recover and stabilize.


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I think its obvious that the recession has not hit Texas very hard (in comparison) and has moved out. I think its great that they are lending and should continue to do so because things looking up.

OmniAmerican said it finished the quarter with $711 million in net loans outstanding

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