September 28, 2022
Loading...
You are here:  Home  >  Banking & Finance  >  Current Article

Montecito Bank & Trust reports lower net income but solid growth

IN THIS ARTICLE

Santa Barbara-based Montecito Bank & Trust reported lower net income but steady growth in deposits and loans for the 12-month period ended June 30. Net income for the year was $5.8 million, down 55 percent year over year from $13 million. The bank said this was largely due to a onetime tax credit in 2018,…

Subscribe

    This article is only available to Business Times subscribers
  • Subscribers: or REGISTER for complete digital access.
  • Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists.
  • Check the STATUS of your Subscription Account.