July 22, 2024
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Atara reports Q1 loss as it pursues EU and FDA approvals

By   /  Wednesday, May 11th, 2022  /  Banking & Finance, Earnings, Health Care & Life Science, Latest news, Regions, Subscriber content, Top Stories, Tri-County Public Companies, Ventura County  /  Comments Off on Atara reports Q1 loss as it pursues EU and FDA approvals

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Inogen reports $14.2M loss in Q1

By   /  Wednesday, May 11th, 2022  /  Banking & Finance, Earnings, Health Care & Life Science, Latest news, Regions, Santa Barbara County, Subscriber content, Top Stories, Tri-County Public Companies  /  Comments Off on Inogen reports $14.2M loss in Q1

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Trade Desk reports Q1 loss, but rising revenue and optimism about the future of ad-powered streaming TV

By   /  Tuesday, May 10th, 2022  /  Banking & Finance, Earnings, Latest news, Regions, Subscriber content, Technology, Top Stories, Tri-County Public Companies, Ventura County  /  Comments Off on Trade Desk reports Q1 loss, but rising revenue and optimism about the future of ad-powered streaming TV

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AppFolio shares drop after report of Q1 losses

By   /  Tuesday, May 10th, 2022  /  Banking & Finance, Earnings, Latest news, Regions, Santa Barbara County, Subscriber content, Technology, Tri-County Public Companies  /  Comments Off on AppFolio shares drop after report of Q1 losses

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Mortgage slowdown leads to income decline at PennyMac

By   /  Monday, May 9th, 2022  /  Banking & Finance, Earnings, Latest news, Real Estate, Regions, Tri-County Public Companies, Ventura County  /  Comments Off on Mortgage slowdown leads to income decline at PennyMac

NOTE: This article was posted May 9 and revised May 10 to correct an error in the headline and first sentence. PennyMac Financial Services reported net profits for the quarter, not a loss as we initially reported, while PennyMac Mortgage Investment Trust reported a loss. Amid a “challenging mortgage market,” Westlake Village-based mortgage lender PennyMac Read More →

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Velocity Financial reports drop in earnings

By   /  Thursday, May 5th, 2022  /  Banking & Finance, Earnings, Latest news, Real Estate, Regions, Tri-County Public Companies, Ventura County  /  Comments Off on Velocity Financial reports drop in earnings

Velocity Financial, a Westlake Village-based mortgage lender for small multifamily residential and commercial properties, reported a steep decline in earnings for the first quarter of 2022 when compared to a year earlier. In an earnings report released May 5, Velocity reported net income of $3.1 million, or 9 cents per share, down from $8.4 million, Read More →

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Montecito Bank reports growth in assets, drop in loans for Q1

By   /  Tuesday, May 3rd, 2022  /  Banking & Finance, Banking Industry, Earnings, Latest news, Regions, Santa Barbara County, Tri-County Public Companies, Ventura County  /  Comments Off on Montecito Bank reports growth in assets, drop in loans for Q1

Montecito Bank & Trust’s assets increased more than 14% in the year ended March 31, with “strong” deposit growth, the bank said in its May 2 first-quarter earnings release. The Santa Barbara-based bank, the largest financial institution based in the tri-county region, said its total assets rose $302.45 million, closing at $2.39 billion, at the Read More →