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Bank Earnings Preview: Week ending Feb. 2

The earning season continues through the week of Jan. 30 through Feb. 2, with several small U.S. banks and thrifts expected to release quarterly results. Below are some of the highlights:

* Heartland Financial USA Inc., Opus Bank and BofI Holding Inc. are on deck to report earnings Monday, Jan. 30.

Heartland Financial is expected to report fourth-quarter 2016 results on Monday after markets close. The Dubuque, Iowa-based company earned 67 cents per share in the fourth quarter of 2015.

For San Diego, Calif.-based BofI Holding, the consensus EPS estimate for the 2016 fourth quarter is 46 cents, slightly higher than the 44 cents the company earned in the 2015 fourth quarter. The company, whose fiscal year ends June 30, is expected to report earnings after market hours Monday.

Opus Bank, which is expected to report earnings before market hours, earned 50 cents per share in the last quarter of 2015. The company completed the securitization of approximately $509 million of its multifamily loans through a Freddie Mac-sponsored "Q-deal" in December 2016. The company expects the transaction to reduce its commercial real estate concentration and increase its risk-based capital ratio.

* United Bankshares Inc., which earned 48 cents per share in the 2015 fourth quarter, is expected to announce fourth-quarter 2016 results before markets close Tuesday. The Charleston, W.Va.-based company agreed to acquire Cardinal Financial Corp. in August 2016 in a deal valued at approximately $912 million, which is currently pending.

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