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American River Bankshares (NASDAQ-GS: AMRB) has declared a quarterly cash dividend of $0.07 per share, payable on February 17, 2021, to shareholders recorded by February 3, 2021. This marks the seventeenth cash dividend since the program's reinstatement in January 2017 and is consistent with the dividend declared in October 2020. The company operates American River Bank, serving Northern California since 1983, offering a comprehensive range of banking products to its community.
American River Bankshares (NASDAQ-GS: AMRB) has declared a quarterly cash dividend of $0.07 per share, payable on November 18, 2020, for shareholders of record by November 4, 2020. This marks the sixteenth dividend since the company's quarterly program was reinstated in January 2017. The dividend amount remains consistent with the previous announcement on July 16, 2020.
American River Bankshares (NASDAQ-GS: AMRB) reported a net income of $1.8 million or $0.30 per diluted share for Q3 2020, up from $1.6 million or $0.27 per diluted share in Q3 2019. Year-to-date net income reached $5.0 million, an increase from $4.0 million in 2019. Loan funding surged with $33 million in new loans. Net loans increased by 27.5% year-over-year, totaling $471.6 million. Total deposits rose by 18.9% to $728.8 million. Despite a slight drop in net interest margin to 3.42%, net interest income increased to $6.7 million, reflecting solid financial growth amidst the pandemic.
American River Bankshares (NASDAQ-GS: AMRB) will host a conference call on October 22, 2020, at 1:30 PM Pacific Time to discuss its third quarter financial results. The call will be led by David E. Ritchie, Jr. and Mitchell A. Derenzo, offering insights and answering analysts' questions. Third quarter results will be released at market open the same day. Interested parties can join by calling (888) 517-2513 and using Conference ID 8786 097#. A replay will be available within 24 hours on AmericanRiverBank.com.
American River Bankshares (AMRB) reported a net income of $1.7 million, or $0.30 per diluted share, for Q2 2020, an increase from $1.3 million, or $0.22 per diluted share, in Q2 2019. For the six months ending June 30, 2020, net income was $3.2 million, up from $2.4 million in the same period last year. Total deposits rose by $160.5 million (27.6%), attributed to the Paycheck Protection Program. However, the net interest margin declined to 3.48%. The bank reported no nonperforming loans, and shareholder equity grew to $90.3 million.
American River Bankshares (NASDAQ-GS: AMRB) announced a conference call scheduled for July 16, 2020, at 1:30 p.m. Pacific Time to discuss its second quarter 2020 financial results. The call will be led by President and CEO David E. Ritchie, Jr., and Executive VP and CFO Mitchell A. Derenzo. Analysts and interested parties can join by calling (888) 517-2485 with Conference ID 6424 747#. A replay will be available 24 hours post-call. Financial results will be released at market open on the same day.