Montecito Bank & Trust's net income soars | Pacific Coast Business Times

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Montecito Bank & Trust’s net income soars

By Staff Report / Thursday, October 25th, 2018 / Comments Off on Montecito Bank & Trust’s net income soars

Montecito Bank & Trust, the region’s largest independent bank, said net income for the nine months ended Sept. 30 was $17.5 million, up 43 percent compared to the prior year, thanks in part to a one-time tax adjustment. The Santa Barbara-based bank, which is privately owned, said net income before taxes grew 8.6 percent to…

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