OCB Bancorp reports strong growth in first quarter of 2016
Banking & Finance, Banking Industry, Earnings, Latest newsOCB Bancorp, parent company of Ojai Community Bank, Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank, reported April 28 that it experienced strong growth in the first quarter of 2016. Loans reached $183 million, increasing by approximately $6 million for the first quarter, for an annualized growth rate of 15 percent. Read More →
Fentons give $1 million to news department at KCLU
Higher Education, Latest newsLinda and Dennis Fenton of Westlake Village have donated $1 million to the news department of radio station KCLU. The Linda and Dennis Fenton KCLU Radio News Endowment will be used to hire personnel and enhance equipment, programming and production. The National Public Radio station serves Ventura, Santa Barbara and San Luis Obispo counties. The Read More →
American Riviera Bank reports benefits of merger with The Bank of Santa Barbara
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesSanta Barbara’s American Riviera Bank reported net income of $176,000 or 4 cents per share for the first quarter of 2016, compared to $443,000 or 17 cents per share for the same period in 2015. Operating income excluding costs related to the merger with The Bank of Santa Barbara for the first quarter of 2016 Read More →
Flir Systems beats revenue estimates but misses on earnings per share
Earnings, Latest news, Tri-County Public CompaniesFlir Systems topped revenue estimates but missed earnings per share expectations when it reported first quarter 2016 earnings April 26. Flir posted revenues of $379.5 million, trouncing analyst estimates of $357.8 million. That is also up from $344.5 million a year ago. Earnings per share of 30 cents slightly missed analyst estimates of 32 cents Read More →
Lockheed Martin’s first quarter results mixed
Earnings, Latest news, Tri-County Public CompaniesLockheed Martin reported mixed first quarter 2016 earnings results on April 26. During the quarter, Lockheed Martin posted revenues of $11.7 billion and earnings per share of $2.58. Thompson Reuters analysts had predicted revenues of $11.34 billion and earnings per share of $2.59. During the same quarter last year, the company had revenues of $10.11 Read More →
Resonant raising $6 million in stock offering
Latest newsResonant, a Goleta-based manufacturer of technology for the mobile device industry, will raise $6 million in an offering to various institutional and individual investors. The company made the announcement before markets opened April 22. The cash is a lifeline that will allow the late-stage development company to survive a little longer. On March 23, the company Read More →
Net earnings up 47.7 percent at Citizens Business Bank
Banking & Finance, Banking Industry, Earnings, Latest newsOntario-based Citizens Business Bank reported a 47.7 percent increase in net earnings for the first quarter of 2016. CVB Financial Corp. and its subsidiary Citizens Business Bank reported a $23.4 million net income, or 22 cents a share, up from $15.8 million in the first quarter of 2015. It was an increase of $7.6 million Read More →
