ORANGE COUNTY EARNINGS

BNC Mortgage Inc.: The Irvine specialty finance company reported net earnings of $2.2 million, or 36 cents a share, for the fourth quarter ended June 30, 12% lower than the $2.5 million, or 60 cents a share, for the like period a year ago. Revenue was up 29% to $13.7 million from $10.6 million. Net income for the year declined 4% to $7.2 million, or $1.51 a share, from $7.5 million, or $1.80 a share, for the prior year. Revenue advanced 35% to $44.4 million from $32.8 million.