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 (AMBZ) reported Q3 2024 net income of $10.8 million ($1.16 per diluted share), up 13% from Q2 2024 and 6% from Q3 2023. Key highlights include total deposits increasing by $258 million (7.5%) over the prior quarter, with non-interest bearing deposits representing 47% of total deposits. Net interest margin expanded to 3.13% from 3.00% in Q2. Total loans increased by $22 million (0.85%). The bank maintains strong asset quality with minimal past due loans and no borrowings at quarter-end. The efficiency ratio improved to 53%, and the bank expanded its relationship manager team to 48 officers.
American Business Bank (OTCQX: AMBZ) reported net income of $9.5 million or $1.02 per diluted share for Q2 2024, a 2% increase from Q2 2023. Key highlights include:
- Total deposits increased by $148 million (4.5%) over the previous quarter
- Net yield on interest-earning assets increased by 7 basis points
- Total loans grew by $28 million (1.1%)
- Net interest margin contracted to 3.00% from 3.07% in Q1 2024
- Non-interest bearing demand deposits represent 46% of total deposits
- Tangible book value per share reached $36.38
The bank maintains its well-capitalized status and focuses on building a strong core deposit franchise to enhance net interest margin.
American Business Bank (AMBZ) reported a net income of $10.5 million for the first quarter of 2024, with a decrease in net interest income affecting earnings. Total deposits decreased by 5.4%, and total loans decreased by 0.3%. The bank aims to enhance margins and eliminate borrowings by focusing on core deposit growth. Despite margin pressure, the bank maintained a return on average assets of 1.08% and a return on average equity of 13.4% for the quarter. The provision for credit losses decreased, and the bank remains well-capitalized.
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