Montecito Bank & Trust reports big quarter due to PPP loans
Montecito Bank & Trust’s total net income grew more than 15 percent in the second quarter, buoyed by increases in total assets, loan growth and deposit growth, the bank announced Aug. 10. Many of the bank’s key measures grew by leaps and bounds between June 30, 2019 and June 30, 2020. Montecito Bank & Trust’s Read More →
Inogen revenue falls, but Q2 earnings beat analyst estimates
The COVID-19 pandemic continued to cut into Inogen’s revenue, as new physician referrals and patient mobility declined during a quarter usually marked by increased patient travel and demand. Revenue fell nearly 30 percent in the second quarter to $71.7 million, missing average analyst estimates, and net income of $2.7 million was down from $9.9 million Read More →
Alaska Airlines to add Santa Barbara-San Diego daily flights
Alaska Airlines will fly direct daily from Santa Barbara to San Diego starting Nov. 20, Santa Barbara Airport announced Aug. 4. Alaska Airlines already offers daily service from Santa Barbara to Seattle and Portland. The new flight reduces travel between San Diego and Santa Barbara from a car trip that can take anywhere from four Read More →
Goleta small-business grants available until Aug. 7
Grants are available for Goleta’s small businesses, but only for a short time. The grants are being provided by the Santa Barbara Better Together Fund Small Business Grant Program, which was launched in partnership with the city of Goleta, the Santa Barbara Foundation and Deckers Brands. Grants of up to $10,000 will be available for Read More →
Deckers beats expectations with rising sales, shrinking losses in second quarter
Goleta-based Deckers Brands, the parent company of Ugg and Teva, saw its net sales increase in the second quarter as the footwear company continued to beat expectations and trim expenses. Sales increased 2.3 percent, to $283.2 million, compared to $276.8 million at the same point in 2019. The company still took a loss, but the Read More →
American Riviera Bank earnings tick up in Q2
American Riviera Bank saw a slight rise in its unaudited net income in the second quarter, but the Santa Barbara-based bank is still facing a decreased net income for the year as it prepares for loan losses. The bank’s unaudited net income in the second quarter of 2020 was $1.56 million, up from $1.51 million Read More →
Movegreen makes LA, Orange County acquisitions
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
