Community West reports income growth in 2020
Community West Bancshares saw its net income rise in 2020, even as it fell slightly in the fourth quarter of the year. The parent company of Goleta-based Community West Bank reported a net income of $8.2 million, or 97 cents per diluted share, for all of 2020, as compared to $8 million, or 93 cents Read More →
Read More →PPP loans drove income growth at American Riviera Bank
Net income at American Riviera Bank increased in both the fourth quarter and full year of 2020, on the back of high loan growth and other positive factors, the bank announced Jan. 28. The Santa Barbara-based bank said its annual unaudited net income was up 15% from the previous year. In 2019, American Riviera Bank Read More →
Read More →Teledyne earnings report shows best-ever performance in 2020
Teledyne Technologies beat analysts’ expectations when it announced its fourth quarter results Jan. 27, with a slight decrease in revenue but a bump in net income compared to the same quarter a year earlier. Teledyne, a Thousand Oaks-based industrial and scientific conglomerate, reported earnings per share of $3.48 for the fourth quarter of 2020, up Read More →
Read More →Inogen names new CEO
Inogen, a medical device company in Goleta that makes portable oxygen concentrators, named a new president and CEO on Jan. 27. Nabil Shabshab, 56, will lead the company starting Feb. 8, Inogen said. He has spent the last nine years with the medical technology company Becton Dickinson and Company, including the past three and a Read More →
Read More →Pacific Premier sees bump in income, assets in fourth quarter
Pacific Premier Bancorp’s net income rose in 2020 on the back of strong overall performance, causing the company to approve a new $150 million share repurchase program, the bank announced Jan. 26. The bank’s net income increased more than 63% from the previous year, going from $41.1 million in the fourth quarter of 2019 to Read More →
Read More →Bank of the Sierra reports higher loan volume but income drop
Sierra Bancorp announced a slightly-lower net income when it released its fourth quarter 2020 earnings amid high deposit growth and record growth in loans and leases. The parent of Bank of the Sierra, which is based in Porterville but has 11 branches in the Tri-Counties, announced a fourth quarter net income of $9 million, or Read More →
Read More →Obituary: PennyMac founder Stanford Kurland
EDITOR’S NOTE: This article was updated Jan. 27 to include the fact that Kurland died of complications from COVID-19. Stanford Kurland made a fortune from his first foray into mortgage banking, and his timely exit from Countrywide Financial came just before the housing bubble burst. His second foray made him even richer, but it also Read More →
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