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Montecito Bank & Trust
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Deckers Outdoor fourth quarter earnings results positive

By   /  Thursday, February 4th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Deckers Outdoor fourth quarter earnings results positive

Deckers Outdoor, a Goleta-based manufacturer of outdoor footwear apparel and accessories, beat analyst earnings per share estimates when it released third quarter 2016 earnings Feb. 4. Earnings per share increased to $4.78 from $4.50 last year. That beat analyst estimates of $4.75 per share, according to Yahoo Finance. Revenues also increased 3.6 percent during the Read More →

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Latest

Inphi misses revenue predictions but beats earnings per share

By   /  Thursday, February 4th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Inphi misses revenue predictions but beats earnings per share

Inphi Corp. barely missed revenue expectations and barely beat earnings per share when it released fourth quarter and yearly earnings Feb. 4. Sales grew 3.2 percent from $62.4 million last year to $64.4 million this year. Yearly revenues also grew from $156.1 million in 2014 to $246.6 million in 2015. Inphi also had earnings per Read More →

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PennyMac beats profit expectations but misses on revenue

By   /  Wednesday, February 3rd, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on PennyMac beats profit expectations but misses on revenue

Moorpark-based PennyMac Financial Services reported a $68.9 million profit on revenue of $187.2 million for the fourth quarter, beating Wall Street expectations on profit but missing on revenue. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of America, reported a profit 58 cents per share Read More →

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Heritage Oaks Bancorp misses fourth-quarter estimates

By   /  Monday, February 1st, 2016  /  Banking & Finance, Banking Industry, Earnings, Latest news  /  Comments Off on Heritage Oaks Bancorp misses fourth-quarter estimates

Paso Robles-based Heritage Oaks Bancorp earnings missed analyst estimates for the fourth quarter but earnings were significantly up on the year. Heritage Oaks reported net income of $3.5 million, or 10 cents per share, for the fourth quarter. That missed analyst expectations of 11 cents per share and was down from $4.2 million net earnings, Read More →

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Community West Bank hires 2 executives

By   /  Monday, February 1st, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Community West Bank hires 2 executives

Goleta-based Community West Bank has hired two new executives as the bank expands into San Luis Obispo County and maps out future growth. The bank’s parent company, Community West Bancshares, announced on Feb. 1 that it hired Brian Schwabecher as its senior vice president and regional market manager and Elizabeth Crandall as the vice president Read More →

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American Riviera Bank reports income drop due to merger with Bank of Santa Barbara

By   /  Friday, January 29th, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on American Riviera Bank reports income drop due to merger with Bank of Santa Barbara

American Riviera Bank reported a 17 percent decrease in unaudited net income in 2015 as the institution prepared for its merger with The Bank of Santa Barbara. American Riviera acquired The Bank of Santa Barbara in an all-stock deal valued close to $18 million, creating a “force to be reckoned with,” said Joanne Funari, the Read More →

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County Commerce Bank shareholders OK merger with Citizens Business Bank

By   /  Friday, January 29th, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on County Commerce Bank shareholders OK merger with Citizens Business Bank

County Commerce Bank shareholders approved its proposed merger with Citizens Business Bank, which is expected to close on Feb. 29. “Citizens Business Bank’s philosophy and business model is very similar to ours and is the perfect fit for County Commerce Bank, and most importantly, our customers and employees. We are excited to be partnering with Read More →

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