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PennyMac Financial beats Wall Street’s earnings estimates

By   /  Thursday, February 2nd, 2017  /  Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on PennyMac Financial beats Wall Street’s earnings estimates

Updated at 1 p.m. on Feb. 3: Moorpark-based PennyMac Financial Services reported net income of $113.8 million on revenue of $289.3 million for the fourth quarter of 2016, exceeding Wall Street’s expectations on earnings per share. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of Read More →

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OCB Bancorp reports strong fourth quarter earnings

By   /  Thursday, February 2nd, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on OCB Bancorp reports strong fourth quarter earnings

OCB Bancorp, parent company of Ojai Community Bank and its divisions — Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank – reported net income of $1.28 million in the fourth quarter of 2016, an increase of $361,000 or 39 percent over 2015. Total loans finished the year at $209 million, an Read More →

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Amgen beats analyst estimates for fourth quarter revenue

By   /  Thursday, February 2nd, 2017  /  Central Coast Health Watch, Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen beats analyst estimates for fourth quarter revenue

Thousand Oaks-based biotech giant Amgen reported revenue of $6 billion in the fourth quarter of 2016, besting analyst estimates of $5.74 billion and increasing 8 percent from the fourth quarter of 2015. The world’s largest biotech drug maker posted total revenues of $23 billion on the year, up 6 percent from 2015. Revenue gains were Read More →

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Net income down at Deckers Outdoor

By   /  Thursday, February 2nd, 2017  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Net income down at Deckers Outdoor

Deckers Outdoor, a footwear and apparel company based in Goleta, declared $41.03 million in net income for its third quarter 2017, ended Dec. 31, down more than 73 percent from the third quarter of 2016. For the first nine months of its fiscal year, the company earned $21.41 million, down from $145.97 million for the Read More →

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Teledyne Technologies reports decline in net income

By   /  Thursday, February 2nd, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Teledyne Technologies reports decline in net income

Thousand-Oaks based Teledyne Technologies reported a drop in net income for its fiscal year 2016 over the prior year, with a 7 percent fourth quarter drop in sales to $552.9 million. Net income from continuing operations came to $192.9 million, or $5.43 per diluted share, compared to $198 million in 2015, while total sales fell Read More →

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American Riviera Bank’s net income soared in 2016

By   /  Tuesday, January 31st, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on American Riviera Bank’s net income soared in 2016

Santa Barbara-based American Riviera Bank reported net income of $4.1 million in 2016, or 94 cents per share, up from $1.3 million in 2015, or 48 cents per share, as the acquisition of The Bank of Santa Barbara has paid dividends, the company said. The all-stock transaction, completed in January 2016, created a combined institution Read More →

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Heritage Oaks Bancorp beats revenue, income estimates

By   /  Monday, January 30th, 2017  /  Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Heritage Oaks Bancorp beats revenue, income estimates

Heritage Oaks Bancorp, the holding company of Paso Robles-based Heritage Oaks Bank, beat analyst estimates in both year-over-year revenue and net income. The bank reported $20.3 million in revenue in 2016, a 12 percent increase from 2015, outpacing analyst expectations by more than $1 million. Net income reached $16.9 million, or 49 cents per diluted Read More →

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