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 →
American Riviera Bank reports income drop due to end of PPP program
Santa Barbara-based American Riviera Bank reported July 21 that its net income in the first half of 2022 shrank to $5.7 million, compared with $6.1 million in the same period a year earlier. For the second quarter, which ended June 30, American Riviera reported unaudited net income of $2.5 million, or 49 cents per share, Read More →
Energy Vault shows symptoms of SPAC hangover
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Citizens Business Bank reports increase in net income for Q2
CVB Financial Corp., the parent company of Citizens Business Bank, reported net income of $59.1 million for the second quarter ended June 30, an increase compared to $51.2 million for the same quarter last year. Citizens Business Bank in based in Ontario and has four branches in Ventura County and one in Santa Barbara. Diluted Read More →
Teledyne purchases acoustic imaging company
Thousand Oaks-based Teledyne Technologies still has its sights set on enhancing its imaging instruments sector, with the recent acquisition of a majority stake in Noiseless Acoustics, a Finnish technology company that specializes in advanced acoustic imaging instruments. Teledyne announced the acquisition on July 15 and did not disclose financial details. This marks the second time Read More →
Community Bancorp of Santa Maria sees net income dip in second quarter
Community Bancorp of Santa Maria saw its net income decline 8.2% in the second quarter, as total assets and deposits increased. In a July 12 earnings statement, the bank reported net income of $1.3 million for the quarter ended June 30. In the same quarter a year earlier, Community Bank of Santa Maria reported net Read More →
Sonos cranks up the volume in its patent dispute with Google
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