Western Financial Group said it earned $914,000 in its most recent quarter compared with a profit of $2.4 million a year ago, hit by higher expenses.

The financial services company said it broke even on a per share basis for the three months ended March 31 compared with a profit of four cents per diluted share a year ago.

Revenue totaled $31.4 million, up from $30.1 million.

In a statement, president and chief executive Scott Tannas said the company’s operations remain strong through these turbulent times, and given the very different economic conditions it saw in the same period last year, it is gratifying that it is keeping up the pace on the revenue side that it set a year ago for the first quarter of 2009.