Montecito Bank & Trust reports income drop but strong loan and deposit growth
Santa Barbara-based Montecito Bank & Trust reported an 8.5 percent drop in net income in 2016 to $14.6 million but saw strong loan and deposit growth. The decrease in net income was due to loan loss reversals in 2015 that were not repeated in 2016. The bank reported loan growth of 22 percent year over Read More →
Pacific Premier Bancorp’s net income climbs
Pacific Premier Bancorp (PPBI), the holding company of Pacific Premier Bank, reported fourth quarter net income of $12 million, or 43 cents per diluted share, including $772,000 of merger-related expenses related to its pending acquisition of Heritage Oaks Bancorp. Net income was up from $8.1 million, or 37 cents per diluted share, in the fourth Read More →
Limoneira reports strong revenue growth
Santa Paula agribusiness Limoneira reported increased revenues for the fourth quarter and fiscal year 2016, exceeding its guidance with an operating income of $9.2 million. Net income applicable to common stock, after preferred dividends, was $7.4 million for the year, or 52 cents per common share, up from $6.4 million in 2015. The company had announced expectations of operating Read More →
CalAmp reports $1.5 million loss in net income for third quarter
Oxnard wireless parts maker CalAmp ended the third quarter with a $1.5 million loss in net income, or a 4 cent loss per diluted share, compared to $3.9 million in net income last year, or 11 cents per share. CalAmp was impacted by a legal expense that was $1.6 million more than the comparable period last year Read More →
Calavo Growers reports record fourth quarter income
Calavo Growers, headquartered in Santa Paula, reported record fourth quarter revenues of $247.7 million and net income of $9.2 million, almost double its net income for the same period last year. Earnings climbed to 53 cents per diluted share for the quarter ended Oct. 31, compared to 28 cents for the fourth quarter 2015, bringing Read More →
Semtech beats analyst estimates for net income
Camarillo semiconductor supplier Semtech announced net income of $30.8 million, or 46 cents per diluted share, in its third quarter 2016 earnings release Nov. 30. Net income beat analyst estimates of 36 cents per share but net sales for the quarter of $137.2 million were just shy of estimates by Zacks Investment Research of $138.6 Read More →
QAD’s third quarter net income falls
QAD revenues edged up during its fiscal third quarter 2017, but the company lost ground on net income and earnings per share. Total revenue for the enterprise business software provider, based in Santa Barbara, grew to $69.5 million, up from $68 million for the third quarter last year. Revenue mix continued to trend away from Read More →
