Great Western Financial Corp said it should experience anouther outstanding year in 1987 based on the performance of the first three months. Reporting record earnings for the tenth consecutive quarter the company said profits rose to 81.2 mln dlrs or 1.66 dlrs a share from 79.8 mln dlrs or 1.50 dlrs a year earlier. The company said its growth which includes a 19.7 pct increase in net interest income encourages us to believe that 1987 will be another year of strong earnings growth. Great Western said its real estate loan originations totaled 1.7 billion dlrs in the latest quarter up from 1.5 billion dlrs a year earlier. Total lending was 2.2 billion dlrs vs 1.9 billion dlrs. About 95 pct of first quarter loan volume was in adjustable rate mortgages or short term loans it said. The company said loan sales were 755 mln dlrs in the latest quarter compared with 1.5 billion dlrs a year earlier.
GREAT WESTERN <GWF>SEES ANOTHER OUTSTANDING YEAR