Wilshire Reports Record 2Q Earnings

Wilshire Financial Services Group Inc., Portland, Ore., has reported record earnings of $11.8 million ($1.01 per share) for the second quarter, compared with $5.1 million ($0.66 per share) a year ago.Loan originations for the first six months of 1998 totaled $234.1 million, an increase of more than $200 million from $29.7 million in the comparable period of 1997, the company said. A $184 million initial public offering of Wilshire Real Estate Investment Trust was completed during the second quarter.

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