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Montecito Bank & Trust
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Central Coast credit unions on the rise

By   /  Friday, May 5th, 2017  /  Banking & Finance, Banking Industry, Central Coast, Latest news, South Coast  /  Comments Off on Central Coast credit unions on the rise

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Teledyne’s 2017 first quarter sales up but net income down

By   /  Thursday, May 4th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Teledyne’s 2017 first quarter sales up but net income down

Thousand Oaks-based Teledyne Technologies on May 4 reported first quarter 2017 sales of $566.1 million, compared with sales of $530.5 million for the first quarter of 2016, an increase of 6.7 percent. Net income was $30.5 million or 84 cents per diluted share for the first quarter of 2017, compared with $39.0 million or $1.11 Read More →

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MindBody revenue soars but net loss continues

By   /  Thursday, May 4th, 2017  /  Earnings, Health Care, Latest news, Tri-County Public Companies  /  Comments Off on MindBody revenue soars but net loss continues

San Luis Obispo-based MindBody reported $42.2 million in first quarter revenue, a 32 percent increase from a year ago during the same period, but the company still reported a net loss. The GAAP net loss in the first quarter of 2017 was $3.9 million, down from $6.6 million during the first quarter of 2016. The Read More →

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Inphi revenues grow but net loss increases

By   /  Tuesday, May 2nd, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Inphi revenues grow but net loss increases

Semiconductor producer Inphi, with operations in Westlake Village, reported first quarter net losses of $11.3 million May 2, compared to net income of $220,000 in the first quarter of 2016. The company brought in $93.6 million in revenue from continuing operations, up from an adjusted $54.1 million for the same period last year and $80.9 Read More →

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Tri-county independent banks down to Final Four

By   /  Friday, April 28th, 2017  /  Banking & Finance, Banking Industry, East Ventura County, Latest news, West Ventura County  /  Comments Off on Tri-county independent banks down to Final Four

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Amgen revenues fall but profits increase

By   /  Wednesday, April 26th, 2017  /  Earnings, East Ventura County, Health Care, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen revenues fall but profits increase

Thousand Oaks-based biotech giant Amgen’s total revenues decreased by 1 percent to $5.5 billion during the first quarter of 2017, compared to the same period a year ago, according to an earnings report April 26. The drop was related to the plunge in sales of Enbrel, its rheumatoid arthritis drug. Sales decreased 15 percent due Read More →

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Bank of the Sierra acquiring Ojai Community Bank

By   /  Tuesday, April 25th, 2017  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Bank of the Sierra acquiring Ojai Community Bank

Banking industry consolidation on the Central Coast picked up speed on April 25 with the parent company of Bank of the Sierra announcing plans to acquire OCB Bancorp and its four branches in Santa Barbara and Ventura counties. The $14 per share acquisition sent OCB Bancorp shares soaring more 50 percent and marks the latest Read More →

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