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Teledyne shares hit record after strong earnings report

By   /  Wednesday, October 27th, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, left, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on 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 →

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Earnings, loans, assets all up at American Riviera Bank

By   /  Tuesday, October 26th, 2021  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on 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 →

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Bank of the Sierra earnings up slightly

By   /  Monday, October 25th, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on 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 →

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Citizens Business Bank reports ‘solid loan growth,’ higher earnings in Q3

By   /  Thursday, October 21st, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on 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 →

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Earnings, assets both up at Pacific Premier Bank

By   /  Thursday, October 21st, 2021  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on 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 →

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Community Bank of Santa Maria reports Q3 earnings jump

By   /  Friday, October 15th, 2021  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on 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 →

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Calavo announces Q2 loss and CEO’s departure; shares hit lowest point since 2015

By   /  Thursday, September 9th, 2021  /  Agribusiness, Banking & Finance, Earnings, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Calavo announces Q2 loss and CEO’s departure; shares hit lowest point since 2015

Shares of Calavo Growers slipped more than 17% on Sept. 9, one day after the Santa Paula-based avocado distributor released third quarter earnings that were held back by inflation and said its CEO, James Gibson, is retiring from the post immediately. Calavo closed at $39.20 on Sept. 9, down from $47.26 the day before. The Read More →

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