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Montecito Bank & Trust
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LTC Properties beats analyst projections

By   /  Monday, February 22nd, 2016  /  Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on LTC Properties beats analyst projections

Westlake Village-based LTC Properties beat analyst projections of rental revenue and funds from operations per share in its fourth quarter earnings report. LTC is a real estate investment trust that buys facilities such as nursing homes. Investors in such companies often use funds from operations as a substitute for earnings per share because it takes depreciation Read More →

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Latest

Chase Bar and Grill in Santa Barbara changes ownership

By   /  Friday, February 19th, 2016  /  Banking & Finance, Latest news, Small Business  /  1 Comment

Chase Bar and Grill in downtown Santa Barbara has changed ownership with the help of Community West Bank and Cal Coastal. Jackie Mathis is the new owner and George Merino was the restaurant’s former owner. Mathis is a Camarillo resident who served in the U.S. Air Force, where he managed food and beverage operations. Merino Read More →

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Latest

MindBody aiming for profitability

By   /  Friday, February 19th, 2016  /  Earnings, right, Technology, Tri-County Public Companies  /  Comments Off on MindBody aiming for profitability

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Vapor Hub revenues grow but so do losses

By   /  Thursday, February 18th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Vapor Hub revenues grow but so do losses

Vapor Hub, a Simi Valley-based electronic cigarette company, said revenues increased slightly when the company released second quarter earnings Feb. 17. Revenues increased from $1.13 million during the second quarter of 2014 to $1.3 million in 2015. Net losses for the company increased as well though, from $189,909 to $334,444. Vapor Hub is a publicly Read More →

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Latest

Central banks losing ability to steer global economies

By   /  Friday, February 12th, 2016  /  Banking & Finance, Banking Industry, Columns, Latest news  /  Comments Off on Central banks losing ability to steer global economies

Upheaval in the global markets in recent months may be signaling that the era of the all-powerful central bank may be coming to an end. Evidence is mounting that central bank moves are having less and less of the desired impact on regional economies. For Exhibit A we turn to the People’s Bank of China, Read More →

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OCB Bancorp income up 142 percent in 2015

By   /  Thursday, February 11th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on OCB Bancorp income up 142 percent in 2015

OCB Bancorp, the parent company of Ojai Community Bank, increased its year-over-year net income by 142 percent in 2015. OCB Bancorp’s net income grew from $380,000 in 2014 to $921,000 in 2015, or 40 cents in earnings per share. Total loans increased $48.2 million or 37.5 percent to $176.5 million in 2015. Total assets rose Read More →

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Latest

Mindbody revenue up but so are losses

By   /  Wednesday, February 10th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Mindbody revenue up but so are losses

Yoga software developer MindBody reported that revenues increased, subscribers increased and net losses increased once again when the company released fourth quarter and year-end earnings Feb. 10. San Luis Obispo-based MindBody sells products and merchant processing to yoga and fitness centers worldwide. Fourth quarter revenue increased 40 percent from $20.12 million in 2014 to $28.27 Read More →

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