Pacific Premier reports lower loan production, smaller assets than a year ago
Pacific Premier Bancorp saw its net income and assets take a sharp dip in its most recent quarter, the company announced Oct. 20. The Irvine-based bank, which has nine branches in Santa Barbara and San Luis Obispo counties, reported net income of $73 million, or 77 cents per share. For the same quarter in 2021, Read More →
Pacific Western Bank reports income dip
Los Angeles-based PacWest Bancorp — the parent company of Pacific Western Bank, a bank with 13 branches in the tri-county region — announced a drop in net earnings from last year with net income of $122.2 million, or $1.02 per diluted share, for the third quarter of 2022. In the same quarter last year, the Read More →
Citizens Business Bank reports earnings growth
CVB Financial Corp., the parent company of Citizens Business Bank, reported net income of $64.6 million for the third quarter ended June 30, an increase from $49.7 million in the same quarter a year ago. Diluted earnings per share were 46 cents for the third quarter of 2022, compared to 37 cents for the same Read More →
Olaplex shares plummet after company cuts guidance
Shares of Montecito-based Olaplex dropped more than 50% on Oct. 19 after the hair care products company slashed its revenue guidance for the full 2022 fiscal year fiscal. Olaplex shares closed at $4.24 on Oct. 19, down 56.7% from the previous day’s close. The company released preliminary third quarter earnings on Oct. 18, with executives Read More →
Merger of U.S. Bank and Union Bank gets final U.S. approval
U.S. Bank’s $8 billion acquisition of Union Bank has the green light from U.S. regulators, a big step forward for a deal that could make U.S. Bank one of the biggest retail banking companies in the tri-county region. The deal received its final U.S. regulatory approvals on Oct. 14, more than a year after it Read More →
A rocky first year on the Nasdaq for Olaplex
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Amgen shares up amid optimism over experimental weight-loss drug
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