Net income up at Community West Bancshares
Banking & Finance, Banking Industry, Earnings, Latest newsCommunity West Bancshares said third quarter net income was $1.5 million, up from $1.1 million in the second quarter and on pace with year-earlier earnings. For the nine months ended Sept. 30, the bank reported net income of $3.9 million versus $1 million for the prior year; loans grew 12.9 percent to $601.9 million on Read More →
Deckers sales down but earnings up for second quarter
Earnings, Latest news, Tri-County Public CompaniesDeckers Brands, the Goleta-based footwear, apparel and accessories company, announced net sales of $485.9 million and earnings per diluted share of $1.21 for the second quarter ended Sept. 30. Sales were down slightly from $486.9 million for the same period last year, primarily for the company’s UGG and Teva brands, but earnings were up 9 Read More →
Amgen beats analysts’ revenue, earnings per share estimates
Earnings, Health Care & Life Science, Latest news, Tri-County Public CompaniesAmgen revenues increased 2 percent during the third quarter as it beat analysts’ revenue and earnings per share estimates thanks to cost-cutting measures and lower research measures. Revenues for the Thousand Oaks-based biotech giant increased from $5.72 billion during the third quarter of 2015 to $5.81 billion in 2016, which beat analyst estimates of $5.73 Read More →
Channel Technologies to lay off 198 employees in Santa Barbara
Latest news, TechnologyChannel Technologies, a Santa Barbara-area ceramic components maker that built products used in the Navy’s sonar equipment, will lay off 198 employees after the company filed for Chapter 11 bankruptcy protection Oct. 14. Filings with the California Employment Development Department said affected workers will be let go on Dec. 20. The company also has operations Read More →
Santa Barbara Symphony names new executive director
Latest news, NonprofitsKevin A. Marvin, who served as executive director of the Santa Barbara Chamber Orchestra, has been named executive director of the Santa Barbara Symphony. He will succeed David Pratt, who was recently named chief executive of the Queensland Symphony Orchestra in Brisbane, Australia. Marvin’s appointment is effective Dec. 1 and was unanimously approved by the Read More →
Merger pays off for American Riviera Bank
Banking & Finance, Banking Industry, Earnings, Latest newsAmerican Riviera Bank reported sharply higher profits and deposits for the third quarter as the benefits of its merger with the Bank of Santa Barbara late last year are becoming evident. American Riviera said Oct. 25 that net income was $1.4 million for the quarter ended Sept. 30 or 32 cents per share versus 5 Read More →
Sientra CFO resigns, new CFO named
Health Care & Life Science, Latest newsEmbattled-breast implant manufacturer Sientra said in a news release Oct. 27 that Chief Financial Officer Matthew Pigeon stepped down from his position “to pursue other opportunities.” Patrick Williams, who most recently served as CFO of Pleasanton-based ZELTIQ Aesthetics from November 2012 until this past April, will fill Pigeon’s roll as CFO at Sientra. Williams also Read More →
