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Heritage Oaks reports $11.3M loss

By   /  Tuesday, November 9th, 2010  /  Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks reports $11.3M loss

Paso Robles-based Heritage Oaks Bancorp reported a third-quarter loss applicable to common shareholders of $11.3 million on Nov. 9, compared to a $5.6 million loss in the same quarter last year. The banking firm, the third largest based in the Tri-Counties, blamed the wider loss on a $10.5 million non-cash charge related to the valuation Read More →

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Pacific Capital reports $28M loss, but Sept. profit

By   /  Tuesday, November 9th, 2010  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Pacific Capital reports $28M loss, but Sept. profit

Editor’s Note: This story was updated at 4:50 p.m. Pacific Capital Bancorp lost nearly $28 million in July and August but said the first month under its new Texas owners was profitable. Texas-based private equity firm Ford Financial Fund acquired 86 percent of Pacific Capital for $500 million at the end of August. Pacific Capital Read More →

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Amgen reports earnings drop

By   /  Monday, October 25th, 2010  /  Earnings, Technology, Tri-County Public Companies  /  Comments Off on Amgen reports earnings drop

Thousand Oaks-based Amgen said Oct. 25 that third-quarter earnings fell 14 percent to $1.3 billion as revenue flatlined. Amgen is the world’s biggest biotech company and the largest private employer in the Tri-Counties. It reported adjusted earnings per share of $1.36, a decrease of 9 percent compared to the same quarter last year. Total revenue Read More →