November 29, 2022
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Amgen beats analysts’ expectations for earnings and revenue in Q2

By   /  Thursday, August 4th, 2022  /  Banking & Finance, Earnings, Health Care & Life Science, Latest news, Regions, Subscriber content, Top Stories, Tri-County Public Companies, Ventura County  /  Comments Off on Amgen beats analysts’ expectations for earnings and revenue in Q2

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Velocity reports earnings growth in Q2

By   /  Thursday, August 4th, 2022  /  Banking & Finance, Earnings, Latest news, Real Estate, Regions, Tri-County Public Companies, Ventura County  /  Comments Off on Velocity reports earnings growth in Q2

Real estate finance company Velocity Financial saw its second quarter net income increase and its total loan portfolio grow from 2021 to 2022, according to an earnings statement the company released on Aug. 4. The Westlake Village-based company reported net income of $10.6 million, or diluted earnings per share of 31 cents, in the second Read More →

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LTC shares up after report of rising earnings for Q2

By   /  Monday, August 1st, 2022  /  Banking & Finance, Earnings, Latest news, Real Estate, Regions, Tri-County Public Companies, Ventura County  /  Comments Off on LTC shares up after report of rising earnings for Q2

Westlake Village-based real estate investment trust LTC Properties reported net income of nearly $55 million, or $1.36 per diluted share, for the second quarter ended June 30. That was up from $18.1 million, or 46 cents per diluted share, for the same period last year. Funds from operations attributable to common stockholders were $25.3 million Read More →

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Community West reports earnings decline as PPP loans wind down

By   /  Friday, July 29th, 2022  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Community West reports earnings decline as PPP loans wind down

Goleta-based Community West Bank reported a drop in net income in its most recent quarter, as the federal Paycheck Protection Program wound down. Community West Bancshares, the bank’s holding company, released its earnings report for the second quarter of 2022 before the markets opened July 29. Its net income for the quarter was $2.6 million, Read More →

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Deckers shares up as strong showing by Hoka drives revenue growth in Q1

By   /  Thursday, July 28th, 2022  /  Banking & Finance, Earnings, Latest news, Regions, Santa Barbara County, Subscriber content, Top Stories, Top Story, Tri-County Public Companies  /  Comments Off on Deckers shares up as strong showing by Hoka drives revenue growth in Q1

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Teledyne shares down despite report of earnings and revenue growth

By   /  Wednesday, July 27th, 2022  /  Banking & Finance, Earnings, Latest news, Regions, Subscriber content, Technology, Top Stories, Tri-County Public Companies, Ventura County  /  Comments Off on Teledyne shares down despite report of earnings and revenue growth

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Bank of the Sierra income down, due in part to rising interest rates

By   /  Monday, July 25th, 2022  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Bank of the Sierra income down, due in part to rising interest rates

Sierra Bancorp’s net income fell to $9.2 million in the second quarter of 2022, from $11.7 million a year earlier, the bank announced July 25. The parent company of Bank of the Sierra posted net income of 61 cents per diluted share for the quarter ended June 30, compared with 76 cents per diluted share Read More →