AppFolio announces second quarter results, delivers earnings beat
Goleta-based AppFolio delivered a sound earnings beat on July 27, as new CEO Shane Trigg announced rising non-GAAP net income and revenue for the second quarter. AppFolio, a software company for the real estate industry, saw revenue increase to $147.1 million in the second quarter of 2023, a 25% increase from $117.4 million in the Read More →
Vital signs: Unemployment rate takes a steep hike in June
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Portfolio watch
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Banc of California acquires PacWest in an all-stock deal
Santa Ana-based Banc of California is acquiring Beverly Hills-based PacWest Bancorp in an all-stock deal, the companies jointly announced on July 25. The deal, expected to close in the fourth quarter of 2023 or the first quarter of 2024, will create a combined $36 billion in total loans and assets. The bank will be based Read More →
Vital signs: California small businesses embrace online sales
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Venture capital dollars could start flowing soon
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Dubroff: Mozilo made his mark on more than just the mortgage meltdown
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