Business Services Industry
Pacific Capital Bancorp Expects 28 Percent Increase in Second Quarter.
Knight Ridder/Tribune Business News, July, 2002
By Maria Zate, Santa Barbara News-Press, Calif. Knight Ridder/Tribune Business News
Jul. 18--Pacific Capital Bancorp, parent company of Santa Barbara Bank & Trust, said Wednesday that it expects its second-quarter results to increase by 28 percent over the same period last year.
In preliminary financial results for its quarter ended June 30, the company said it expects earnings to range between 41 cents to 43 cents per share. This compares with 32 cents per share in the second quarter last year.
Pacific Capital Bancorp also announced that it would refile its report for the first quarter 2002 to reflect additional net income of $850,000 from collections made on refund-anticipation loans that had been charged off in the previous year....
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