Trade Desk starts the new year strong, beats first-quarter expectations
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Portfolio watch
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First Republic Bank is operational after seizure and sale to JPMorgan Chase
First Republic Bank branches across the country, including the only one in the tri-county region located on Santa Barbara’s State Street, were fully open and operational on May 1 after regulators seized and promptly sold the bank to JPMorgan Chase the same day to avoid any further fallout. The First Republic Bank failure is the Read More →
American Riviera reports smaller net income, adds hundreds of new depositors
American Riviera Bank, based in Santa Barbara, reported a net income of $3 million for the quarter ending on March 31, representing a decrease of 6% over the same period last year. Earnings per share for the first quarter totaled 52 cents per share, compared with 55 cents per share this time last year, according Read More →
Notable rebuild of SLO’s historic Anderson Hotel begins
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Join our Legacy/Business Hall of Fame event!
Our 2023 Hall of Fame and Legacy special report celebrates the incredible career of Janet Garufis, the chairman and CEO of Montecito Bank & Trust, the biggest locally-based bank in the region. Garufis, who has been in the banking industry for more than 50 years, started out as a teller and rose through the ranks. Read More →
Amgen’s revenue dips in the first quarter, still beats earnings estimates
Thousand Oaks-based Amgen delivered a sound earnings beat in the first quarter of 2023, the company announced after the markets closed on April 27. Amgen, one of the largest biotechnology companies in the world, generated net income worth $2.8 billion in the first quarter or $5.28 earnings per share. This nearly doubled last year’s first-quarter Read More →
