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Montecito Bank & Trust
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Amgen beats analysts’ revenue, earnings per share estimates

By   /  Thursday, October 27th, 2016  /  Earnings, Health Care, Latest news, Tri-County Public Companies  /  Comments Off on Amgen beats analysts’ revenue, earnings per share estimates

Amgen revenues increased 2 percent during the third quarter as it beat analysts’ revenue and earnings per share estimates thanks to cost-cutting measures and lower research measures. Revenues for the Thousand Oaks-based biotech giant increased from $5.72 billion during the third quarter of 2015 to $5.81 billion in 2016, which beat analyst estimates of $5.73 Read More →

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Merger pays off for American Riviera Bank

By   /  Thursday, October 27th, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Merger pays off for American Riviera Bank

American Riviera Bank reported sharply higher profits and deposits for the third quarter as the benefits of its merger with the Bank of Santa Barbara late last year are becoming evident. American Riviera said Oct. 25 that net income was $1.4 million for the quarter ended Sept. 30 or 32 cents per share versus 5 Read More →

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MindBody revenues grew 35 percent in third quarter

By   /  Wednesday, October 26th, 2016  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on MindBody revenues grew 35 percent in third quarter

MindBody continued on its path to profitability during the third quarter as revenues grew 35 percent. Revenues increased from $26 million during the same quarter of 2015 to $35.2 million in 2016. Net losses also decreased 39 percent from $9.62 million in 2015 to $5.89 million in 2016. Chief Financial Officer Brett White said on Read More →

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Montecito Bank & Trust net income down but loan, deposit growth strong

By   /  Tuesday, October 18th, 2016  /  Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Montecito Bank & Trust net income down but loan, deposit growth strong

Santa Barbara-based Montecito Bank & Trust reported $10.9 million of net income in the third quarter, down from $12.2 million over the same period last year, but had strong loan and deposit growth. In 2016, MB&T discontinued reversals of excess loan loss reserves to support loan growth, which is reflected in the reduced year-to-date net Read More →

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Latest

Amgen to pay $1 quarterly dividend

By   /  Monday, October 17th, 2016  /  Earnings, Health Care, Latest news, Tri-County Public Companies  /  Comments Off on Amgen to pay $1 quarterly dividend

Thousand Oaks-based biotech giant Amgen announced another quarterly dividend of $1 per share Oct. 14 for the fourth quarter of 2016. The dividend will be paid on Dec. 8, 2016, to all stockholders of record as of the close of business on Nov. 16, 2016. • Contact Philip Joens at [email protected]

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OCB Bancorp loan portfolio hits $200 million mark

By   /  Friday, October 14th, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on OCB Bancorp loan portfolio hits $200 million mark

OCB Bancorp — parent company of Ojai Community Bank, Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank — has eclipsed a $200 million loan portfolio, the company recently announced. As its loan portfolio has grown at around 30 percent to 35 percent annually over the past several years, OCB Bancorp now has Read More →

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Tri-county community banks ready to be heard on financial policy

By   /  Friday, October 7th, 2016  /  Banking & Finance, Banking Industry, left  /  Comments Off on Tri-county community banks ready to be heard on financial policy

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