First Alliance Corp.: The Irvine consumer finance...

First Alliance Corp.: The Irvine consumer finance company, which completed its initial public offering July 31, reported that second quarter net income declined 18% to $9.2 million, or 86 cents a share, from $11.2 million, or $1.05 a share, for the year-earlier period. Revenue was down 7% to $17 million from $18.2 million. For the first half, net income rose 55% to $16.9 million from $10.9 million for the like six months of 1995. Revenue increased 32% to $31.8 million from $24.1 million.