Montecito Bank & Trust reports growth in deposits, loans and net income
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesMontecito Bank & Trust grew its assets 5.7 percent over the last 12 months and reported net income of $8.1 million for the first six months of 2017, up 12.5 percent from the prior year. In the earnings release Aug. 4, the Santa Barbara company said a 20.5 percent increase in loan growth year-over-year and Read More →
Deckers Brands sales up 20 percent year-over-year
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Yardi Systems gains huge client for property software
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Ventura County Lodging Association executive director stepping down
Latest news, TourismThe Ventura County Lodging Association announced a change in leadership Aug. 3, as Executive Director Rebekah Evans steps down effective Aug. 25. “It has truly been my privilege to help grow the Tourism Business Improvement District for the cities of Ventura, Oxnard, Camarillo and Port Hueneme!” Evans wrote in her farewell letter. She later said Read More →
PennyMac reports decline in net income
Earnings, Latest news, Real Estate, Tri-County Public CompaniesWestlake Village-based PennyMac Mortgage Investment Trust and PennyMac Financial Services reported a drop in earnings on Aug. 3 for the quarter ended June 30. Investment income was up 30 percent compared to the prior quarter, but net income for the mortgage investment trust was $26.4 million, a 6 percent decline from the same period in Read More →
Inogen net income up 11.3 percent for second quarter
Earnings, Health Care & Life Science, Latest news, Tri-County Public CompaniesNet income at Inogen rose 11.3 percent for the second quarter to $8.3 million, after a 17.5 percent bump in its revenues to $64.1 million. The Goleta-based portable oxygen concentrator maker sold 32,400 units during the quarter ended June 30, up nearly 30 percent from the same period in 2016. Earnings per share rose slightly Read More →
Teledyne reports record sales for second quarter
Earnings, East Ventura County, Latest news, Technology, Tri-County Public CompaniesThousand Oaks-based tech giant Teledyne reported record sales for its second quarter, ended July 2, reaching $671.1 million and net income of $60.1 million, or $1.66 per diluted share. In addition to growth in all its major product lines — particularly its digital imaging segment, which saw an 89.6 percent increase to $188.5 million — Read More →
