Earnings up as Community West Bank reports 10% non-PPP loan growth
Goleta-based Community West Bancshares reported “strong” earnings in the third quarter, fueled by an expanded balance sheet and increased net interest, according to a quarterly report released Nov. 1. The parent company of Community West Bank said its net income for the most recent quarter was $3.6 million, or 41 cents per diluted share, compared Read More →
Women’s share of region’s corporate board seats has doubled since 2018
Publicly traded companies in the tri-county region have added 18 women board directors this year, though a few companies still need to appoint more women to comply with stepped-up state diversity requirements that go into effect in 2022. A total of 69 women sit on the boards of the 22 companies headquartered in the Tri-Counties Read More →
Semtech hits new heights on strength of LoRa platform
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Sales up, earnings flat at Deckers
Goleta-based Deckers Brands delivered an increase in revenue during the second quarter of fiscal year 2021-22, but “historic” supply chain demands kept earnings flat year-over-year. Deckers, the parent company of footwear brands including Ugg, Hoka One One and Teva, saw revenue grow to $721.9 million for the quarter ended Sept. 30, up 15.8% from the Read More →
LTC properties reports decline in income and assets in Q3
Westlake Village-based LTC Properties saw its net income, total assets and funds from operations drop in the third quarter compared to a year earlier, the company said in its Oct. 28 earnings release. For the three months ended Sept. 30, LTC had net income of $10.9 million, or 28 cents per diluted share, down from Read More →
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 →
