Amgen shares drop after earnings release and disclosure of $5B tax dispute
When Thousand Oaks-based Amgen released its financial results for the first quarter of 2022 on April 27, the biggest surprise didn’t come from its dip in net profits or rise in revenue, but from a tax dispute with the Internal Revenue Service. Amgen said it received a notice of deficiency from the IRS on April Read More →
Teledyne reports record revenue, earnings beat in Q1
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Bank of the Sierra reports drop in income
Sierra Bancorp, a Porterville-based banking company with nine branches in the Tri-Counties, reported its net income dropped more than 30% for the first quarter of 2022, compared with the same quarter a year ago. Net income was $7.4 million, or 49 cents per diluted share, for the quarter ended March 31, compared with $11.1 Read More →
Assets and earnings up at American Riviera Bank
American Riviera Bank, based in Santa Barbara, reported net income of $3.2 million for the quarter ended March 31, a 23% increase over the same period last year. Net income for the first quarter totaled 61 cents per share, compared with 50 cents per share a year earlier, according to the earnings statement the bank Read More →
Citizens Business Bank reports decline in income for Q1
CVB Financial, the parent of Citizens Business Bank, reported net income of $45.6 million, or diluted earnings per share of 31 cents, for the first quarter ended March 31. Citizens Business Bank is based in Ontario, California, and four locations in Ventura County and one in Santa Barbara. In earnings reported April 20, the bank Read More →
Trade Desk CEO made $835M in 2021, region’s biggest payday ever
Jeff Green, the CEO and co-founder of The Trade Desk, received $835 million in total compensation in 2021, the biggest pay package in Central Coast history and likely the biggest of any CEO in the United States last year. The Ventura-based online advertising company disclosed its executive pay for 2021 in an April 12 filing Read More →
Loans slow down but deposits grow at Community Bank of Santa Maria
Total assets and deposits at Community Bank of Santa Maria grew in the first quarter of the fiscal year, even as new loans and net income decreased, the bank announced April 18. Community Bancorp of Santa Maria, the holding company for Community Bank of Santa Maria, reported its total assets rose to $411.4 million by Read More →
