Welcome to our dedicated page for Amer Business Bk news (Ticker: AMBZ), a resource for investors and traders seeking the latest updates and insights on Amer Business Bk stock.
American Business Bank (OTCQX: AMBZ) is a commercial bank headquartered in downtown Los Angeles that focuses on serving business clients across Southern California. This news page aggregates company-issued announcements and market updates related to the bank’s operations, financial performance, and corporate developments.
Readers can find earnings releases in which American Business Bank reports net income, net interest margin trends, loan and deposit growth, asset quality metrics, and details about its loan and securities portfolios. These updates often describe changes in commercial and industrial lending, owner-occupied commercial real estate exposure, deposit mix, and the bank’s allowance for credit losses.
The news flow for AMBZ also includes declarations of regular quarterly cash dividends on its common stock and information about stock repurchase programs authorized by the Board of Directors. These items provide insight into the bank’s capital management approach and shareholder return policies.
In addition, American Business Bank publishes announcements about leadership changes and promotions within its corporate banking and regional management teams, such as promotions to executive vice president roles and regional vice president appointments in areas like the Inland Empire. These releases highlight the experience and tenure of key bankers and underscore the bank’s emphasis on relationship-based business banking.
For investors and observers following AMBZ, this page offers a centralized view of the bank’s official communications, including commentary from senior management on business momentum, client relationships, deposit trends, and credit conditions. Bookmark this section to review the sequence of press releases and track how American Business Bank describes its strategy and performance over time.
American Business Bank (OTCQX: AMBZ) has announced a quarterly cash dividend of $0.25 per share, payable on September 17, 2025, to shareholders of record as of August 7, 2025. The dividend equates to an annual distribution of $1.00 per common share.
The Bank, headquartered in Los Angeles, provides financial services to businesses including wholesalers, manufacturers, service businesses, professionals, and non-profits. AMBZ operates through eight Loan Production Offices across strategic locations in California, including Anaheim, Irvine, Torrance, Woodland Hills, Corona, Ontario, Long Beach, and San Diego.
American Business Bank (OTCQX:AMBZ) reported strong Q2 2025 financial results, with net income of $13.2 million or $1.42 per diluted share, marking a 39% increase from Q2 2024. The bank demonstrated robust performance with four consecutive quarters of net interest margin expansion, reaching 3.58% in Q2.
Key highlights include a $173 million (5%) increase in core deposits and $63 million (2%) growth in total loans over the previous quarter. The bank maintains a strong capital position with 46% non-interest bearing deposits, no borrowings, and minimal past due loans. Return metrics were impressive with ROA at 1.26% and ROE at 14.34%.
The bank declared a quarterly cash dividend of $0.25 per share and continued its stock repurchase program, buying back 120,000 shares during Q2 2025.
American Business Bank (OTCQX: AMBZ) reported Q1 2025 net income of $11.9 million ($1.27 per diluted share), showing a 13% increase from Q1 2024 but a 5% decrease from Q4 2024. Key highlights include:
- Net interest margin expanded to 3.47% from 3.32% in prior quarter
- Core deposits increased $118 million (3.5%) quarter-over-quarter
- Total loans grew $81 million (3.0%) from previous quarter
- Non-interest bearing deposits represent 45% of total deposits
- First quarterly cash dividend paid ($0.25 per share)
The bank maintains strong asset quality with minimal past due loans and no borrowings at quarter-end. The loan portfolio shows 60% fixed-rate loans with a 66-month weighted average remaining life. The bank initiated a share repurchase program, buying back 71,797 shares at an average price of $43.84.
American Business Bank (OTCQX: AMBZ) has announced a quarterly cash dividend of $0.25 per share, payable on June 17, 2025, to shareholders of record as of May 7, 2025. The dividend equates to an annual payout of $1.00 per common share.
The bank, headquartered in Los Angeles, provides financial services to businesses including wholesalers, manufacturers, service businesses, professionals, and non-profits. AMBZ operates through eight Loan Production Offices located across strategic locations in California, including Anaheim, Irvine, Torrance, Woodland Hills, Corona, Ontario, Long Beach, and San Diego.
American Business Bank (OTCQX: AMBZ) has donated $70,000 to seven non-profit organizations supporting communities affected by recent Southern California fires. The Federal Home Loan Bank of San Francisco provided an additional $50,000 in matching funds, bringing the total donation to $120,000.
The beneficiary organizations include the American Red Cross, Baby2Baby, California Fire Foundation, Habitat for Humanity Los Angeles Rebuild LA Fund, Hope the Mission, LA Fire Department Foundation, and the Pasadena Community Foundation. These organizations are supporting residents impacted by the Palisades and Eaton fires, which destroyed over 10,000 homes and displaced tens of thousands of people.
Additionally, American Business Bank staff organized a Teddy Bear Drive, donating 270 teddy bears to children affected by the Los Angeles fires in the Eaton and Palisades communities.
American Business Bank (OTCQX: AMBZ) has announced its first quarterly cash dividend of $0.25 per share, payable on March 17, 2025, to shareholders of record as of February 24, 2025. CEO Leon Blankstein attributed this decision to the bank's strong earnings performance over recent years, emphasizing that cash dividends serve as a tool for capital management and enhanced shareholder returns while maintaining a robust capital position.
The bank, headquartered in Los Angeles, provides financial services to businesses including wholesalers, manufacturers, service businesses, professionals, and non-profits. AMBZ operates through seven Loan Production Offices across strategic locations in California, including Anaheim, Irvine, Torrance, Woodland Hills, Corona, Ontario, and San Diego.
American Business Bank (AMBZ) has achieved a significant milestone, ranking 9th among the top 225 U.S. banks with assets between $3 billion and $10 billion in S&P Global Market Intelligence's inaugural deposit rankings for 2024.
The bank reported strong financial metrics, including $4.04 billion in assets, a 1.33% cost of deposits, and nonperforming assets of 0.18% of total assets. Total deposits showed healthy growth, increasing by $147 million or 4.2% for year-end 2024.
The rankings were determined using eight metrics, with noninterest-bearing deposit concentration receiving the highest weighting. This is particularly noteworthy given that noninterest-bearing deposits across the banking industry have declined nearly 30% since late 2021, while interest-bearing deposits grew by approximately 8% through Q3 2024.
American Business Bank (AMBZ) reported Q4 2024 net income of $12.5 million ($1.33 per diluted share), up 16% from Q3 2024 and 10% from Q4 2023. Full-year 2024 net income was $43.3 million ($4.64 per share), slightly down 2% from 2023.
Key Q4 highlights include net interest margin expansion to 3.32%, total loans increase of $127 million (4.9%), and cost of average deposits declining to 1.28%. The bank maintains strong asset quality with minimal past due loans and no borrowings at quarter-end. Non-interest bearing demand deposits represent 45% of total deposits.
For full-year 2024, total loans increased by $171 million (6.6%) and total deposits grew by $147 million (4.2%). The bank expanded its team by hiring 11 new relationship managers in 2024, bringing the total to 47 calling officers. AMBZ also announced its first share repurchase program for 227,541 shares, expiring January 2026.
American Business Bank (OTCQX: AMBZ) has announced its first-ever stock repurchase program, authorizing the buyback of up to 227,541 shares, representing 2.5% of its outstanding common stock. The program will commence after the release of Q4 earnings and will run until January 7, 2026.
The bank will execute repurchases through open market, block purchases, or private transactions at management's discretion, based on market conditions and stock prices. CEO Leon Blankstein emphasized that strong earnings have positioned the bank to maintain robust capital levels while enhancing shareholder returns through this program.
The initiative aims to provide additional liquidity for shareholders and effectively manage capital levels, highlighting the bank's strong long-term financial performance.
American Business Bank (OTCQX: AMBZ) has announced the opening of a new Loan Production Office (LPO) in San Diego, California, located at 4727 Executive Drive. This expansion marks a strategic move to strengthen the bank's presence in Southern California. The new office will be led by Senior Vice President John Hartwig and First Vice President Ana Calvert, who bring over 60 years of combined commercial banking experience.
The San Diego LPO will offer comprehensive services including business loans, credit lines, treasury management, and deposit solutions, specifically targeting small to mid-sized, privately owned businesses. This represents the bank's ninth LPO in Southern California, joining locations in Anaheim, Irvine, Torrance, Woodland Hills, Corona, Ontario, and Long Beach.