Imperial Corp. Results for ’86 Dramatically Better

Imperial Corp. of America, parent of Imperial Savings & Loan, on Thursday reported earnings for 1986 of $50.3 million, a significant reversal of the company’s $16.5 million loss in 1985.

The San Diego-based savings company’s assets rose 20% to $9.6 billion and revenues increased 6% to $962.4 million. ICA officials described 1986 as “one of the most dramatic turnarounds in the financial industry.”

Imperial Savings & Loan is the nation’s 14th largest publicly held S&L.;