American Riviera Bancorp Announces Results for the First Quarter of 2026

Q: What were American Riviera Bancorp's net income and EPS for Q1 2026 (ARBV)?

Unaudited net income for Q1 2026 was $4.0 million and EPS was $0.69 . According to the company, this compares to $2.3 million and $0.40 per share in Q1 2025, reflecting year-over-year earnings improvement.

Q: How large were ARBV's deposits and loans at March 31, 2026?

Total deposits were $1.25 billion and total loans were $1.10 billion at March 31, 2026. According to the company, both balances rose about 10.5%–10.6% year-over-year, driven by core relationship deposits and loan growth.

Q: What was American Riviera Bancorp's net interest margin and why did it change?

Net interest margin for Q1 2026 was 3.97% , up from 3.61% a year earlier. According to the company, NIM improved due to higher loan yields and a decline in total cost of funds from a favorable funding mix.

Q: How strong is ARBV's liquidity and contingent funding capacity?

On-balance liquidity was $231.6 million and available contingent funding totaled $509.3 million . According to the company, this includes FHLB and Federal Reserve capacity plus unused fed funds lines with correspondent banks.

Q: Did American Riviera Bancorp repurchase shares in Q1 2026 and how much remained?

The company repurchased 130,616 shares at a weighted average cost of $19.80 and had $2.4 million remaining under the repurchase program. According to the company, buybacks contributed to prior-year capital deployment.

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

American Riviera Bancorp (OTCQX:ARBV) reported unaudited Q1 2026 net income of $4.0M ($0.69 per share), versus $2.3M ($0.40) in Q1 2025. Total deposits were $1.25B and total loans were $1.10B at March 31, 2026. Key ratios: ROA 1.16%, ROE 12.30%, NIM 3.97%, and tangible book value per share $21.99. Liquidity remained strong with $231.6M of cash, due from banks, and AFS securities, and $509.3M of available contingent funding. The company repurchased 130,616 shares and had $2.4M available for repurchase.

Positive

Loans +10.5% YoY to $1.10B
Deposits +10.6% YoY to $1.25B
NIM +36 bps YoY to 3.97%
ROE 12.30% and ROA 1.16%
Tangible book value +16.4% YoY to $21.99
Available contingent funding of $509.3M

Negative

Non-accrual loans $8.0M, up $3.2M YoY
Allowance coverage 1.16%, slight quarter-over-quarter decline
Efficiency ratio 63.60%, indicating material operating costs
Uninsured deposits $420.8M (33.5% of deposits)

News Market Reaction – ARBV

+3.24%

+3.24% Session close to close

In the Apr 23 session, ARBV gained 3.24%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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04/22/2026 - 09:50 PM

SANTA BARBARA, CA / ACCESS Newswire / April 22, 2026 / American Riviera Bancorp ("Company") (OTCQX:ARBV), holding company of American Riviera Bank ("Bank"), announced today unaudited net income of $4.0 million ($0.69 per share) for the three months ended March 31, 2026, compared to $4.5 million ($0.80 per share) in the previous quarter, and $2.3 million ($0.40 per share) earned in the same reporting period in the previous year.

Total deposits were $1.25 billion at March 31, 2026, an increase of $120.1 million or 10.6% from March 31, 2025. At March 31, 2026, all deposits were "core deposits" from our clients, with no wholesale-funded certificates of deposit. Total loans were $1.10 billion at March 31, 2026, an increase of $104.6 million or 10.5% from March 31, 2025. Total loans grew $17.7 million or 1.6% in the first quarter of 2026.

Jeff DeVine, President and CEO of the Company and the Bank stated, "2026 is off to a strong start with double digit loan and deposit growth and increasing earnings over the past year. We continue to attract new clients and grow existing relationships as evidenced in our loan and deposit growth. Our technology and high touch service has allowed the Bank to reach new markets and better serve our communities. As a result of this growth, the Company was able to deliver a quarterly return on average assets above 1%, quarterly return on average equity above 12%, and a 23% increase in our ARBV share price over the past year to our shareholders."

First Quarter 2026 Highlights

Unaudited net income and earnings per share have improved 70.3% and 72.5%, respectively, from the first quarter of 2025.
Return on average assets was 1.16%, return on average equity was 12.30% and efficiency ratio was 63.60% for the first quarter of 2026.
Total shareholders' equity was $131.3 million at March 31, 2026, an increase of $16.2 million or 14.1% from the same reporting period in the previous year.
Tangible book value per share was $21.99 at March 31, 2026, an increase of $3.10 or 16.4% from the same reporting period in the previous year.
The Company's tangible common equity ratio was 8.91% at March 31, 2026, compared to 8.58% at March 31, 2025. Strong earnings and improvement in the market value of the securities portfolio were partially offset by cumulative share repurchases in 2025 totaling $2.6 million and the impact of 10.4% asset growth over the previous year.
Non-interest-bearing demand deposits were $464.8 million or 37.0% of total deposits at March 31, 2026, and have increased $19.3 million or 4.3% since March 31, 2025.
Total demand deposits were $656.6 million or 52.3% of total deposits at March 31, 2026, and have increased $94.6 million or 16.8% since March 31, 2025.
As a result of the Bank's core funding and relationship-based deposits, the cost of deposits and total cost of funds declined to 1.22% and 1.30%, respectively, for the first quarter of 2026. Total cost of funds has improved by 19 basis points from the 1.49% reported for the same quarter in the previous year.
Net interest margin ("NIM") increased to 3.97% for the first quarter of 2026, compared to 3.81% in the prior quarter, and has improved 36 basis points from the 3.61% reported for the same quarter in the previous year. NIM improved as a result of steady loan yield improvement and declining total cost of funds.
On-balance sheet liquidity continues to be substantial with $231.6 million of cash, due from banks, and available-for-sale ("AFS") securities at market value as of March 31, 2026.
At March 31, 2026, the Bank's commercial real estate ("CRE") portfolio is diverse, with weighted average loan-to-values of 29% to 53% and weighted average debt coverage ratios between 1.85x and 3.10x depending on the individual CRE category and as of the most recent CRE stress test in January 2026.
The Bank maintained strong credit quality with no other real estate owned, no loans 90 days or more past due and still accruing, and $8.0 million or 0.73% of total loans on non-accrual status, which are well supported by collateral, borrower assets, SBA guarantees, or specific reserves.

First Quarter 2026 Earnings

For the first quarter of 2026, unaudited net income was $4.0 million, compared to $4.5 million reported in the fourth quarter of 2025, and $2.3 million reported in the first quarter of 2025. The primary difference between unaudited net income for the first quarter of 2026 and the fourth quarter of 2025 was the previously reported $535,000 benefit received in the fourth quarter of 2025 from the purchase of a Federal energy tax credit at a discount. The Company's effective tax rate was only 14.5% in the fourth quarter of 2025 versus 23.4% in the first quarter of 2026.

Unaudited net income pre-tax, pre-provision (non-GAAP) has increased sequentially over the last five quarters and was $5.2 million in the first quarter of 2026, a $0.1 million or 2.1% increase from the fourth quarter of 2025, and a $1.6 million or 45.9% increase from the $3.6 million reported in the first quarter of 2025.

The Bank has grown interest and fees on loans sequentially over the last five quarters from $13.7 million in the first quarter of 2025 to $15.5 million in the first quarter of 2026, representing a $1.8 million or 13.1% increase.

Total interest expense has decreased from $4.2 million in the first quarter of 2025 to $4.0 million in the first quarter of 2026, a $0.2 million or 6.6% decrease, even though deposits have grown $120.1 million or 10.6% since the first quarter of 2025. Total interest expense has declined due to the favorable shift in funding mix and deposit rate reductions which followed the Federal Reserve's actions to lower its target rate by a total of 75 basis points in the last four months of 2025.

Net interest income pre-provision in the first quarter of 2026 increased $1.9 million or 17.4% compared to the first quarter of 2025.

Non-Interest Income and Expense

Total non-interest income was $1.2 million for the first quarter of 2026, an increase of $0.3 million from the prior quarter, and an increase of $0.4 million from the first quarter of the previous year. Variances between the quarters can be attributed to Federal Home Loan Bank ("FHLB") dividends, SBA loan sale premiums, mortgage broker fees, loan interest rate swap fees, loan prepayment fees and gains or losses on sale of securities.

Total non-interest expense was $9.1 million for the first quarter of 2026, equal to the prior quarter, and an increase from the $8.4 million reported for the same quarter in the previous year. Variances between the quarters can be attributed to changes in staffing, bonus accrual adjustments, operating losses and recoveries, and the timing of expenses related to advertising and events. The Company has significantly improved operating leverage with total non-interest expense up only $0.7 million or 8.2% for the first quarter of 2026 versus the first quarter of 2025, while net interest income increased $1.9 million, or 17.4% for the comparison period.

Loans and Asset Quality

Total loans were $1.10 billion at March 31, 2026, an increase of $17.7 million or 1.6% from the prior quarter-end, and an increase of $104.6 million or 10.5% from March 31, 2025.

The Bank's Allowance for Credit Losses ("ACL") was $12.7 million at March 31, 2026, with a resulting coverage ratio of 1.16%, a slight decrease from the prior quarter of 1.17%. As of March 31, 2026, non-accrual loans totaled $8.0 million, a $0.1 million decrease from the previous quarter-end, and a $3.2 million increase from the $4.8 million reported at March 31, 2025. All loans on non-accrual are well supported by collateral, borrower assets, SBA guarantees, or specific reserves.

Deposits & Borrowings

Total deposits were $1.25 billion at March 31, 2025, a $55.0 million or 4.6% increase from the prior quarter-end, and an increase of $120.1 million or 10.6% from March 31, 2025. Deposit growth year-over-year was represented by core deposits, with no wholesale brokered funds at March 31, 2026.

Non-interest-bearing demand deposits totaled $464.8 million at March 31, 2026, an increase of $13.1 million or 2.9% from the prior quarter-end, and an increase of $19.3 million or 4.3% from March 31, 2025.

Interest-bearing demand deposits totaled $191.8 million at March 31, 2026, an increase of $23.4 million or 13.9% from the prior quarter-end, and an increase of $75.3 million or 64.7% from March 31, 2025. Total demand deposits, including interest-bearing demand, represent 52.3% of total deposits at March 31, 2026, compared to 51.6% at the prior quarter-end, and 49.5% at March 31, 2025.

Other interest-bearing deposits totaled $598.4 million at March 31, 2026, an increase of $18.5 million or 3.2% from the prior quarter-end, and an increase of $25.5 million or 4.4% from March 31, 2025.

The weighted average cost of deposits for the first quarter of 2026 decreased 7 basis points to 1.22% from 1.29% for the fourth quarter of 2025 and decreased 17 basis points from the 1.39% reported for the same quarter of the previous year. The decrease in the cost of deposits was due to significant growth in demand deposits throughout the year, and the Federal Reserve's three 25 basis point rate cuts in the last four months of 2025.

The Company's total borrowings were $26.2 million at March 31, 2026, a decrease of $0.3 million from the prior quarter-end and from March 31, 2025. At March 31, 2026, the Company had $10.0 million drawn on a correspondent bank line of credit at a rate of 3.85%, and $16.2 million of subordinated notes outstanding at a rate of 3.75%. The weighted average cost on all borrowings for the first quarter of 2026 was 3.88%, resulting in $0.4 million of interest expense on borrowings, an increase of $0.1 million compared to the prior quarter, and equal to the interest expense on borrowings for the first quarter of 2025.

As a result of the favorable shift to demand deposits and the impact of deposit pricing changes, total cost of funds was 1.30% for the first quarter of 2026, 11 basis points better than the 1.41% reported for the previous quarter, and 19 basis points better than the 1.49% reported for the same quarter of the previous year.

The Company's net interest margin improved to 3.97% for the first quarter of 2026, compared to 3.81% in the prior quarter, and improved a significant 36 basis points from the 3.61% reported for the same quarter of last year as a result of steady loan yield improvement and decline in total cost of funds.

The Bank's liquidity position remained strong with a primary liquidity ratio (cash and cash equivalents, deposits held in other banks and unpledged AFS securities as a percentage of total assets) of 14.7% at March 31, 2026, compared to 12.1% at December 31, 2025. As of March 31, 2026, the Bank had available and unused, secured borrowing capacity with the FHLB of $316.9 million, and had available and unused, secured borrowing capacity with the Federal Reserve of $48.1 million. In addition, the Bank had $144.3 million of unused fed funds lines of credit with correspondent banks at March 31, 2026. Available contingent funding sources of $509.3 million remain robust.

Overall uninsured deposits, excluding public agency deposits that are collateralized, are conservatively estimated to be $420.8 million, or 33.5% of total deposit balances as of March 31, 2026. The actual level of uninsured deposits is lower than the percentage stated above, as our knowledgeable bankers have helped clients obtain more than $250,000 of FDIC insurance with vesting structures such as joint accounts, payable upon death accounts, and revocable trust accounts with multiple beneficiaries. In addition, the Bank can offer up to $285 million of FDIC pass-through insurance to clients via the IntraFi network Insured Cash Sweep ("ICS") or Certificate of Deposit Account Registry Service ("CDARS") products.

Shareholders' Equity
Total shareholders' equity was $131.3 million at March 31, 2026, a $3.6 million or 2.8% increase since December 31, 2025, and an increase of $16.2 million or 14.1% over the same period of the prior year. The tax adjusted unrealized loss on securities, which is a component of equity (accumulated other comprehensive income or "AOCI"), was unchanged from $13.9 million at December 31, 2025, and improved $4.3 million or 23.6% from March 31, 2025. The Bank fully expects to receive all principal when the investments mature.

As of March 31, 2026, the Company had repurchased 130,616 shares of common stock at a weighted average cost of $19.80, leaving $2.4 million available for repurchase under the share repurchase program.

Company Profile

American Riviera Bancorp (OTCQX:ARBV) is a registered bank holding company headquartered in Santa Barbara, California. American Riviera Bank, the 100% owned subsidiary of American Riviera Bancorp, is a full-service community bank focused on serving the lending and deposit needs of businesses and consumers on the Central Coast of California. The state-chartered bank opened for business on July 18, 2006, with the support of local shareholders. Full-service branches are located in Santa Barbara, Montecito, Goleta, Santa Maria, San Luis Obispo, Atascadero, and Paso Robles. In December 2025, the Bank opened a lending center in the City of Ventura. The Bank provides commercial business, commercial real estate, residential mortgage, construction, and Small Business Administration lending services as well as convenient online and mobile technology. The Bank maintains a "5 Star - Superior" rating from Bauer Financial and for fifteen consecutive years, has been recognized for strong financial performance by the Findley Reports. The Bank was rated "Outstanding" by the Federal Deposit Insurance Corporation in 2023 for its performance under the Community Reinvestment Act. The Company was named to the "OTCQX Best 50" list for equal weighted share trading volume and total return in 2024. The Bank was recognized by S&P Global as a Top 100 Small US Community Bank Deposit Franchise as of June 30, 2025. #BankonBetter #OTCQX

American Riviera Bank
www.americanriviera.bank
805-965-5942
Michelle Martinich

Statements concerning future performance, developments or events concerning expectations for growth and market forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, effects of interest rate changes, ability to control costs and expenses, impact of consolidation in the banking industry, financial policies of the US government, and general economic conditions.

American Riviera Bancorp and Subsidiaries
Balance Sheets (unaudited)
(dollars in thousands)
	March 31,			March 31,			One Year			One Year
	2026			2025			$ Change			% Change
Assets
Cash & Due From Banks	$	66,678		$	30,525		$	36,153			118	%
Available-for-sale securities		164,958			175,787			(10,829	)		-6	%
Held-to-maturity securities, net		41,450			41,410			40			0	%

Loans		1,099,436			994,788			104,648			11	%
Allowance For Credit Losses		(12,712	)		(11,859	)		(853	)		7	%
Net Loans		1,086,724			982,928			103,795			11	%

Premise & Equipment		7,108			7,943			(835	)		-11	%
Operating Lease Right-of-Use Asset		5,280			4,528			752			17	%
Bank Owned Life Insurance		14,193			12,254			1,939			16	%
Stock in Other Banks		6,786			6,786			-			-
Goodwill and Other Intangibles		4,873			4,898			(25	)		-1	%
Other Assets		25,201			21,725			3,476			16	%
Total Assets	$	1,423,251		$	1,288,784		$	134,467			10	%

Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits	$	464,816		$	445,533		$	19,283			4	%
Interest-bearing Demand Deposits		191,756			116,425			75,331			65	%
Other Interest-bearing Deposits		598,427			572,936			25,491			4	%
Total Deposits		1,254,999			1,134,894			120,105			11	%

Borrowed Funds		26,150			26,500			(350	)		-1	%
Allowance for credit losses on off-balance sheet exposures		974			1,126			(152	)		-13	%
Other Liabilities		9,822			11,158			(1,336	)		-12	%
Total Liabilities		1,291,945			1,173,678			118,267			10	%

Common Stock		66,858			67,914			(1,056	)		-2	%
Retained Earnings		78,309			65,334			12,975			20	%
Other Capital		(13,861	)		(18,142	)		4,281			24	%
Total Shareholders' Equity		131,306			115,106			16,200			14	%

Total Liabilities & Shareholders' Equity	$	1,423,251		$	1,288,784		$	134,467			10	%

American Riviera Bancorp and Subsidiaries
Balance Sheets (unaudited)
(dollars in thousands)
	March 31,			December 31,			September 30,			June 30,			March 31,
	2026			2025			2025			2025			2025
Assets
Cash & Due From Banks	$	66,678		$	21,395		$	128,753		$	28,111		$	30,525
Available-for-sale securities		164,958			169,793			164,459			162,089			175,787
Held-to-maturity securities		41,450			41,430			41,411			41,392			41,410

Loans		1,099,436			1,081,696			1,041,839			1,020,261			994,788
Allowance for Credit Losses		(12,712	)		(12,689	)		(12,689	)		(12,496	)		(11,859	)
Net Loans		1,086,724			1,069,007			1,029,150			1,007,765			982,928

Premise & Equipment		7,108			7,255			7,494			7,773			7,943
Operating Lease Right-of-Use Asset		5,280			5,584			5,885			6,184			4,528
Bank Owned Life Insurance		14,193			14,051			12,489			12,370			12,254
Stock in Other Banks		6,786			6,786			6,786			6,786			6,786
Goodwill and Other Intangibles		4,873			4,871			4,883			4,889			4,898
Other Assets		25,201			27,117			21,142			23,086			21,725
Total Assets	$	1,423,251		$	1,367,289		$	1,422,452		$	1,300,445		$	1,288,784

Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits	$	464,816		$	451,721		$	482,343		$	447,534		$	445,533
Interest-bearing Demand Deposits		191,756			168,399			180,930			134,538			116,425
Other Interest-bearing Deposits		598,427			579,902			597,454			549,404			572,936
Total Deposits		1,254,999			1,200,022			1,260,727			1,131,476			1,134,894

Borrowed Funds		26,150			26,500			26,500			38,500			26,500
Allowance for credit losses on off-balance sheet exposures		974			974			1,215			993			1,126
Other Liabilities		9,822			12,123			11,956			11,865			11,158
Total Liabilities		1,291,945			1,239,619			1,300,398			1,182,834			1,173,678

Common Stock		66,858			67,263			68,493			67,914			67,914
Retained Earnings		78,309			74,330			68,276			67,645			65,334
Other Capital		(13,861	)		(13,923	)		(14,715	)		(17,948	)		(18,142	)
Total Shareholders' Equity		131,306			127,670			122,054			117,611			115,106

Total Liabilities & Shareholders' Equity	$	1,423,251		$	1,367,289		$	1,422,452		$	1,300,445		$	1,288,784

American Riviera Bancorp and Subsidiaries
Average Balance Sheets (unaudited)
(dollars in thousands)
	1Q 2026			4Q 2025			3Q 2025			2Q 2025			1Q 2025
	Average			Average			Average			Average			Average
Assets
Cash & Due From Banks	$	26,222		$	109,112		$	70,822		$	21,159		$	28,207
Available-for-sale securities		168,770			166,373			162,709			166,833			176,964
Held-to-maturity securities		41,436			41,416			41,397			41,414			41,400

Loans		1,089,710			1,055,371			1,031,749			1,007,429			988,262
Allowance for Credit Losses		(12,690	)		(12,689	)		(12,626	)		(12,010	)		(11,575	)
Net Loans		1,077,020			1,042,682			1,019,123			995,419			976,687

Premise & Equipment		7,212			7,392			7,666			7,910			8,118
Operating Lease Right-of-Use Asset		5,467			5,762			6,057			4,636			4,676
Bank Owned Life Insurance		14,141			13,762			12,448			12,330			12,183
Stock in Other Banks		6,786			6,786			6,786			6,786			6,786
Goodwill and Other Intangibles		4,870			4,877			4,887			4,894			4,904
Other Assets		25,267			21,352			21,981			20,943			21,893
Total Assets	$	1,377,191		$	1,419,514		$	1,353,876		$	1,282,324		$	1,281,818

Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits	$	452,958		$	476,473		$	465,622		$	433,652		$	435,938
Interest-bearing Demand Deposits		156,074			156,271			150,042			120,062			113,411
Other Interest-bearing Deposits		585,890			621,162			579,637			554,088			568,440
Total Deposits		1,194,922			1,253,906			1,195,301			1,107,802			1,117,789

Borrowed Funds		39,039			26,589			26,674			47,231			37,389
Allowance for credit losses on off-balance sheet exposures		974			1,212			1,085			1,092			1,053
Other Liabilities		11,857			13,149			12,052			10,208			12,364
Total Liabilities		1,246,792			1,294,856			1,235,112			1,166,333			1,168,595

Common Stock		67,159			68,695			68,413			68,092			68,076
Retained Earnings		76,468			70,292			67,886			66,288			64,320
Other Capital		(13,228	)		(14,329	)		(17,535	)		(18,389	)		(19,173	)
Total Shareholders' Equity		130,399			124,658			118,764			115,991			113,223

Total Liabilities & Shareholders' Equity	$	1,377,191		$	1,419,514		$	1,353,876		$	1,282,324		$	1,281,818

American Riviera Bancorp and Subsidiaries
Statement of Income (unaudited)
(dollars in thousands, except per share data)
	Quarter Ended
	March 31,			March 31,
	2026			2025			Change
Interest Income
Interest and Fees on Loans	$	15,494		$	13,698			13	%
Interest on Securities		1,400			1,489			-6	%
Interest on Due From Banks		112			162			-31	%
Total Interest Income		17,006			15,349			11	%

Interest Expense
Interest Expense on Deposits		3,584			3,865			-7	%
Interest Expense on Borrowings		374			373			0	%
Total Interest Expense		3,958			4,238			-7	%

Net Interest Income		13,048			11,111			17	%

Provision for Credit Losses		23			287			-92	%
Provision for Off-Balance Sheet Credit Exposures		-			74			-100	%
Net Interest Income After Provision		13,025			10,750			21	%

Non-Interest Income
Service Charges, Commissions and Fees		630			548			15	%
Other Non-Interest Income		571			267			114	%
Total Non-Interest Income		1,201			815			47	%

Non-Interest Expense
Salaries and Employee Benefits		5,807			5,398			8	%
Occupancy and Equipment		930			937			-1	%
Other Non-Interest Expense		2,325			2,037			14	%
Total Non-Interest Expense		9,062			8,372			8	%

Net Income Before Provision for Taxes		5,164			3,193			62	%
Provision for Taxes		1,209			870			39	%
Net Income	$	3,955		$	2,323			70	%

Shares Outstanding		5,750,168			5,833,247			-1	%
Earnings Per Share - Basic	$	0.69		$	0.40			73	%
Return on Average Assets		1.16	%		0.74	%		57	%
Return on Average Equity		12.30	%		8.39	%		47	%
Net Interest Margin		3.97	%		3.61	%		10	%

American Riviera Bancorp and Subsidiaries
Five Quarter Statements of Income (unaudited)
(dollars in thousands, except per share data)
	Three Months Ended
	March 31,		December 31,			September 30,		June 30,			March 31,
	2026		2025			2025		2025			2025
Interest Income
Interest and Fees on Loans	$	15,494	$	15,437		$	14,789	$	14,168		$	13,698
Interest on Securities		1,400		1,378			1,340		1,439			1,489
Interest on Due From Banks		112		962			621		82			162
Total Interest Income		17,006		17,777			16,750		15,689			15,349

Interest Expense
Interest Expense on Deposits		3,584		4,282			4,315		3,822			3,865
Interest Expense on Borrowings		374		254			257		487			373
Total Interest Expense		3,958		4,536			4,572		4,309			4,238

Net Interest Income		13,048		13,241			12,178		11,380			11,111

Provision for Credit Losses		23		-			194		634			287
Provision for Off-Balance Sheet Credit Exposures		-		(240	)		221		(133	)		74
Net Interest Income After Provision		13,025		13,481			11,763		10,879			10,750

Non-Interest Income
Service Charges, Commissions and Fees		630		609			631		639			548
Other Non-Interest Income		571		284			289		247			267
Total Non-Interest Income		1,201		893			920		886			815

Non-Interest Expense
Salaries and Employee Benefits		5,807		5,744			5,467		5,250			5,398
Occupancy and Equipment		930		917			922		929			937
Other Non-Interest Expense		2,325		2,393			2,240		2,072			2,037
Total Non-Interest Expense		9,062		9,054			8,629		8,251			8,372

Net Income Before Provision for Taxes		5,164		5,320			4,054		3,514			3,193
Provision for Taxes		1,209		772			1,125		870			870
Net Income	$	3,955	$	4,548		$	2,929	$	2,644		$	2,323

Shares Outstanding		5,750,168		5,713,022			5,708,960		5,810,042			5,833,247
Earnings Per Share - Basic	$	0.69	$	0.80		$	0.51	$	0.46		$	0.40

Net Income pre-tax, pre-provision (Non-GAAP)	$	5,187	$	5,080		$	4,469	$	4,015		$	3,554

American Riviera Bancorp and Subsidiaries
Selected Financial Highlights (unaudited)
(dollars in thousands, except per share data)
	At or for the Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2026			2025			2025			2025			2025
Income and performance ratios:
Net Income	$	3,955		$	4,549		$	2,929		$	2,644		$	2,323
Earnings per share - basic		0.69			0.80			0.51			0.46			0.40
Return on average assets		1.16	%		1.27	%		0.85	%		0.83	%		0.74	%
Return on average equity		12.30	%		14.48	%		9.75	%		9.14	%		8.39	%
Loan yield		5.77	%		5.80	%		5.69	%		5.64	%		5.62	%
Cost of funds		1.30	%		1.41	%		1.48	%		1.50	%		1.49	%
Cost of deposits		1.22	%		1.29	%		1.45	%		1.39	%		1.39	%
Net interest margin		3.97	%		3.81	%		3.66	%		3.65	%		3.61	%
Efficiency ratio ^(b)		63.60	%		64.05	%		65.89	%		67.26	%		70.20	%

Balance Sheet ratios:
Loan-to-deposit ratio		87.60	%		90.14	%		82.64	%		90.17	%		87.65	%
Non-interest-bearing deposits / total deposits		37.04	%		37.64	%		38.26	%		39.55	%		39.26	%
Demand deposits / total deposits		52.32	%		51.68	%		52.61	%		51.44	%		49.52	%

Asset quality:
Allowance for credit losses	$	12,712		$	12,689		$	12,689		$	12,496		$	11,859
Nonperforming assets		8,013			8,116			9,803			8,442			4,799
Allowance for credit losses / total loans and leases		1.16	%		1.17	%		1.22	%		1.22	%		1.19	%
Net charge-offs / average loans and leases (annualized)		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Texas ratio ^(a)		7.04	%		7.37	%		9.38	%		8.42	%		4.87	%

Capital ratios for American Riviera Bank ^(c):
Tier 1 risk-based capital		12.69	%		12.54	%		12.56	%		13.39	%		13.34	%
Total risk-based capital		13.82	%		13.68	%		13.77	%		14.59	%		14.51	%
Tier 1 leverage ratio		11.16	%		10.55	%		10.69	%		11.78	%		11.55	%

Capital ratios for American Riviera Bancorp^(c):
Tier 1 risk-based capital		11.63	%		11.48	%		11.49	%		11.61	%		11.61	%
Total risk-based capital		14.02	%		13.93	%		14.03	%		14.19	%		14.17	%
Tier 1 leverage ratio		10.22	%		9.66	%		9.78	%		10.16	%		9.89	%
Tangible common equity ratio		8.91	%		9.01	%		8.27	%		8.70	%		8.58	%

Equity and share related:
Common equity	$	131,306		$	127,670		$	122,054		$	117,611		$	115,106
Book value per share		22.84			22.35			21.38			20.24			19.73
Tangible book value per share		21.99			21.49			20.52			19.40			18.89
Tangible book value per share, excluding AOCI ^(d)		24.40			23.93			23.10			22.49			22.00
Stock closing price per share		23.60			23.90			21.99			19.27			19.16
Number of shares issued and outstanding		5,750.17			5,713.02			5,708.96			5,810.04			5,833.25

^Notes:

^{(a) Sum of Nonperforming Assets and Other Real Estate Owned, divided by the sum of Total Shareholder Equity and Total Allowance for Credit Losses less Preferred Stock and Intangible Assets.}
^{(b) Annualized Operating Expense excluding Provision for Credit Losses minus Annualized Extraordinary Expense, divided by Annualized Interest Income including Loan Fees minus Annualized Interest Expense plus Annualized Non-Interest Income minus Annualized Extraordinary Income, expressed as a percentage.}
^{(c) Current period capital ratios are preliminary.}
^{(d) Accumulated Other Comprehensive Income (AOCI) is comprised of the tax adjusted unrealized loss on securities and is presented as Other Capital on the Balance Sheet.}

SOURCE: American Riviera Bancorp

View the original press release on ACCESS Newswire

FAQ

What were American Riviera Bancorp's net income and EPS for Q1 2026 (ARBV)?

Unaudited net income for Q1 2026 was $4.0 million and EPS was $0.69. According to the company, this compares to $2.3 million and $0.40 per share in Q1 2025, reflecting year-over-year earnings improvement.

How large were ARBV's deposits and loans at March 31, 2026?

Total deposits were $1.25 billion and total loans were $1.10 billion at March 31, 2026. According to the company, both balances rose about 10.5%–10.6% year-over-year, driven by core relationship deposits and loan growth.

What was American Riviera Bancorp's net interest margin and why did it change?

Net interest margin for Q1 2026 was 3.97%, up from 3.61% a year earlier. According to the company, NIM improved due to higher loan yields and a decline in total cost of funds from a favorable funding mix.

How strong is ARBV's liquidity and contingent funding capacity?

On-balance liquidity was $231.6 million and available contingent funding totaled $509.3 million. According to the company, this includes FHLB and Federal Reserve capacity plus unused fed funds lines with correspondent banks.

Did American Riviera Bancorp repurchase shares in Q1 2026 and how much remained?

The company repurchased 130,616 shares at a weighted average cost of $19.80 and had $2.4 million remaining under the repurchase program. According to the company, buybacks contributed to prior-year capital deployment.