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American Business Bank - AMBZ STOCK NEWS

Welcome to our dedicated news page for American Business Bank (Ticker: AMBZ), a resource for investors and traders seeking the latest updates and insights on American Business Bank.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect American Business Bank's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of American Business Bank's position in the market.

Rhea-AI Summary
American Business Bank (AMBZ) reported an 11% increase in net income for Q4 2023, with net interest margin expanding to 3.16% and total loans increasing by $68.6 million. However, net income for the full year 2023 decreased by 9% compared to 2022 due to increased salary expenses and a decrease in net interest income.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.36%
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Rhea-AI Summary
American Business Bank (AMBZ) reported net income of $10.2 million for Q3 2023, a 9% increase from the previous quarter. Non-interest bearing deposits grew by $38 million or 8% annualized. Total deposits increased by $249 million or 8% from the previous quarter. Total loans increased by $12 million or 0.5% from the previous quarter. Net interest margin expanded to 3.12% from 2.99% in the previous quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
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Rhea-AI Summary
American Business Bank (AMBZ) reported net income of $9.3 million or $1.01 per share for Q2 2023, a decline of 29% and 18% compared to Q1 2023 and Q2 2022, respectively. Total deposits grew by $178 million or 6% over the previous quarter, with non-interest bearing demand deposits growing by $50 million and representing 54% of total deposits. Total loans increased by $22 million or 1% over the previous quarter.
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End-of-Day
0.76%
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-0.4%
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End-of-Day
-0.03%
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Rhea-AI Summary
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Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
-0.9%
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Rhea-AI Sentiment
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-0.7%
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Rhea-AI Sentiment
End-of-Day
0.92%
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Rhea-AI Sentiment
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-0.62%
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American Business Bank

OTC:AMBZ

AMBZ Rankings

AMBZ Stock Data

297.84M
8.45M
14.02%
Commercial Banking
Finance and Insurance
Link
US
Los Angeles