Menu
Montecito
Pac Premier
Giving Guide
Loading...
You are here:  Home  >  Banking & Finance  -  Page 177

Montecito Bank & Trust
Latest

Semtech beats analysts’ revenue estimates

By   /  Friday, March 4th, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Semtech beats analysts’ revenue estimates

Semtech beat analyst estimates but revenues sank again as weak mobile phone demand hampered the Camarillo-based semi conductor manufacturer. The company reported fourth quarter and year end results March 2 for the 2016 fiscal year. Fourth quarter revenues fell 9 percent from $130.4 million in 2015 to $118.6 million in 2016. According to Yahoo Finance, Read More →

Read More →
Latest

Citizens Business Bank finalizes acquisition of County Commerce Bank

By   /  Tuesday, March 1st, 2016  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Citizens Business Bank finalizes acquisition of County Commerce Bank

Citizens Business Bank finalized its acquisition of County Commerce Bank, the company announced on Feb. 29. In exchange for all of County Commerce’s common stock and options, Citizens paid $41.25 million — half in stock and half in cash. That equates to $16.79 per County Commerce share. County Commerce earned 40 consecutive “Five Star” quarterly Read More →

Read More →
Latest

Ceres fires KPMG over financial report

By   /  Tuesday, February 23rd, 2016  /  Latest news, Tri-County Public Companies  /  Comments Off on Ceres fires KPMG over financial report

Ceres Inc. fired its accounting firm Feb. 23 during a disagreement over a “going concern” statement in Ceres’ 2015 annual report. Ceres, a Thousand Oaks-based ag-biotech company, made the announcement in a filing with the Securities and Exchange Commission. The filing says Ceres hired Los Angeles-based Marcum as its new independent accountant and dismissed its Read More →

Read More →
Latest

AppFolio revenue up in 2015 but so were losses

By   /  Monday, February 22nd, 2016  /  Earnings, Latest news, Tri-County Public Companies  /  Comments Off on AppFolio revenue up in 2015 but so were losses

AppFolio had another strong year but losses nearly doubled as the company expanded in 2015. Goleta-based AppFolio, which makes property management software for small- to medium-sized businesses, released fourth quarter earnings and 2015 earnings results after markets closed Feb. 22. Yearly revenue increased 57 percent in 2015 to about $75 million. Fourth quarter revenues also Read More →

Read More →
Latest

LTC Properties beats analyst projections

By   /  Monday, February 22nd, 2016  /  Earnings, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on LTC Properties beats analyst projections

Westlake Village-based LTC Properties beat analyst projections of rental revenue and funds from operations per share in its fourth quarter earnings report. LTC is a real estate investment trust that buys facilities such as nursing homes. Investors in such companies often use funds from operations as a substitute for earnings per share because it takes depreciation Read More →

Read More →
Latest

Chase Bar and Grill in Santa Barbara changes ownership

By   /  Friday, February 19th, 2016  /  Banking & Finance, Latest news, Small Business  /  1 Comment

Chase Bar and Grill in downtown Santa Barbara has changed ownership with the help of Community West Bank and Cal Coastal. Jackie Mathis is the new owner and George Merino was the restaurant’s former owner. Mathis is a Camarillo resident who served in the U.S. Air Force, where he managed food and beverage operations. Merino Read More →

Read More →
Latest

MindBody aiming for profitability

By   /  Friday, February 19th, 2016  /  Earnings, right, Technology, Tri-County Public Companies  /  Comments Off on MindBody aiming for profitability

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.

Read More →