Teledyne shares hit record after strong earnings report
The acquisition of Flir Systems continues to pay off for Teledyne Technologies, as the Thousand Oaks-based industrial and scientific conglomerate crushed analysts’ expectations in the third quarter and upped its guidance for the full year. Teledyne delivered record sales for the quarter ended Sept. 30, generating $1.3 billion in revenue, a 75.8% increase from the Read More →
Earnings, loans, assets all up at American Riviera Bank
American Riviera Bank’s core loans rose 20% during the past year and the bank continues to experience “tremendous” deposit growth, the company said in its Oct. 25 earnings release. The Santa Barbara-based bank reported that its core loans, not counting federal Paycheck Protection Program loans, grew to $124 million by Sept. 30, the end of Read More →
Bank of the Sierra earnings up slightly
Sierra Bancorp, the parent company of Bank of the Sierra, reported Oct. 25 that its net income rose slightly in the third quarter, compared to the same quarter a year earlier, while loan volume was down. The bank is headquartered in Porterville and has nine branches in the tri-county region. It had $10.6 million in Read More →
Citizens Business Bank reports ‘solid loan growth,’ higher earnings in Q3
CVB Financial Corp., the parent company of Citizens Business Bank, saw an increase in net income and asset growth for the quarter ended Sept. 30 when compared to the same period last year. Headquartered in Ontario, California, Citizens Business Bank has four branches in Ventura County and one in Santa Barbara. The bank had net Read More →
Earnings, assets both up at Pacific Premier Bank
Pacific Premier Bancorp saw its net income and assets grow in its most recent quarter, the company announced Oct. 21. The Irvine-based bank, which has nine branches in Santa Barbara and San Luis Obispo counties, reported net income of $90.1 million, or 95 cents per diluted share, for the quarter ended Sept. 30. For the Read More →
Pacific Western Bank reports year-over-year earnings growth
Los Angeles-based PacWest Bancorp, which has 13 branches in the tri-county region, reported net earnings for the third quarter that were higher than a year before, but down from the previous quarter. In an Oct. 18 release, PacWest Bancorp, the parent company for Pacific Western Bank, reported net earnings of $140 million, or $1.17 per Read More →
Community Bank of Santa Maria reports Q3 earnings jump
Community Bancorp of Santa Maria reported that its income, assets and deposits increased in the third quarter of 2021 compared to a year earlier, while the bank’s net loans were impacted by payoffs received federal Paycheck Protection Program loans. Community Bancorp is the parent company of Community Bank of Santa Maria, one of four banks Read More →
