Higher profits in hand, region’s banks look to expand
Pacific Capital Bancorp, the largest banking company based in the Tri-Counties, turned a $70.5 million profit in 2011 after years of staggering losses. At the same time, First California Financial Group and Heritage Oaks Bancorp, the next two largest banks on the list, reported improved earnings for the year and bold plans to expand. Here’s Read More →
Read More →PCBC posts $20.5M profit year after recap deal
Pacific Capital Bancorp, parent of Santa Barbara Bank & Trust, said Oct. 27 that it earned $20.5 million in the third quarter of 2011, marking its first full year of profits since a team of Texas bankers recapitalized it last year. In August 2010, Dallas-based Ford Financial Fund, led by veteran bankers Gerald Ford and Read More →
Read More →Semtech, QAD earnings increase
Semtech earns $27.1M, amps up repurchase program Semtech Corp. said Aug. 25 that it earned $27.1 million in second-quarter profits and that it would expand its stock repurchase plan by $36 million. The board of the Camarillo-based semiconductor firm had previously authorized $14 million as part of the plan to buy back stock. Semtech saw Read More →
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Interlink earnings down 47%
Sensor technology company Interlink Electronics earned $718,000 in the second quarter, down 46.9 percent from $1.4 million a year ago.
Read More →NiMin reports $3.8M profit
NiMin Energy Corp. earned $3.8 million, or 6 cents per share, in the second quarter of the year, swinging back to black after a $2.5 million loss in the same period a year ago.
Read More →Banks map out growth plans
Three recent earnings reports from area banks shed light on the tri-county economy as we approach the three-year anniversary of the crisis that nearly wrecked the nation’s financial system.
Read More →K-Swiss shares stumble on $20M loss
K-Swiss reported a second-quarter loss of $20 million, or 56 cents per share, on Aug. 4, tripping up analysts who had predicted a 30-cent per share loss.
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