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American Riviera Bancorp - ARBV STOCK NEWS

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

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 Riviera Bancorp'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 Riviera Bancorp's position in the market.

Rhea-AI Summary
American Riviera Bancorp announced unaudited net income of $2.2 million for Q1 2024, with stable earnings despite the high-rate environment. The Bank received top ratings for financial performance and maintained strong credit quality. Total shareholders' equity increased by 11.1% from the previous year. The Bank's regulatory capital ratios exceed 'well-capitalized' standards, with total loans and deposits showing positive trends.
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American Riviera Bancorp (ARBV) reported unaudited net income of $10.5 million for the year ended December 31, 2023, compared to $13.5 million in the previous year. The company's net income for the fourth quarter of 2023 was $2.2 million, impacted by repositioning lower-yielding securities. Total shareholders’ equity increased by 15.5% from the prior year-end. The Bank's regulatory capital ratios were all above 'well-capitalized' standards. However, the decrease in total deposits and the increase in total interest expense are areas of concern.
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American Riviera Bancorp announces unaudited net income of $8.3 million for the nine months ended September 30, 2023, compared to $9.5 million in the same period last year. Core deposits increased $19 million this quarter. The Bank's loan-to-deposit ratio is 85.4%. Non-interest-bearing demand deposits represent 41.6% of total deposits. Total loans decreased by $4.3 million from the previous quarter. The Bank's regulatory capital ratios are above 'well-capitalized' standards.
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Rhea-AI Summary
American Riviera Bancorp has reported unaudited net income of $5.7 million for the six months ended June 30, 2023, consistent with the previous year. The bank experienced stable deposit levels and increased capital ratios. Total loans reached $945.4 million, an increase of $20.6 million from the previous quarter. Non-interest-bearing demand deposits decreased by $18.6 million, while interest-bearing deposits increased by $1.4 million. The Bank opened 802 new deposit accounts in the second quarter of 2023. The Bank's regulatory capital ratios were all above 'well-capitalized' standards.
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American Riviera Bancorp

OTC:ARBV

ARBV Rankings

ARBV Stock Data

90.86M
4.55M
13.57%
Commercial Banking
Finance and Insurance
Link
United States
Santa Barbara