American Riviera Bancorp Announces Results for the Fourth Quarter of 2025

Rhea-AI Summary

American Riviera Bancorp (OTCQX:ARBV) reported unaudited net income of $12.4M for FY2025 and $4.5M in Q4 2025, with EPS of $2.18 and $0.80, respectively. Loans rose to $1.08B (+9.3% YoY) and deposits to $1.20B (+7.8% YoY).

NIM improved to 3.81% in Q4 2025 (+49 bps YoY). Tangible book value per share was $21.49 (+17.4% YoY). On-balance liquidity remained substantial with $191.2M in cash, due from banks and AFS securities.

Positive

• Net income rose to $12.4M in 2025 (vs $8.7M prior year)
• Tangible book value per share +17.4% to $21.49
• Total loans +9.3% YoY to $1.08B
• Total deposits +7.8% YoY to $1.20B
• Net interest margin +49 bps YoY to 3.81%

Negative

• Primary liquidity ratio fell from 18.6% to 12.1% QoQ
• Total deposits declined 4.8% QoQ to $1.20B
• Non-accrual loans increased $2.0M YoY to $8.1M (0.75% of loans)

News Market Reaction

+2.17%

1 alert

+2.17% News Effect

On the day this news was published, ARBV gained 2.17%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SANTA BARBARA, CA / ACCESS Newswire / January 28, 2026 / American Riviera Bancorp ("Company") (OTCQX:ARBV), holding company of American Riviera Bank ("Bank"), announced today unaudited net income of $12.4 million ($2.18 per share) for the year ended December 31, 2025, compared to $8.7 million ($1.50 per share) earned in the same reporting period in the previous year. Unaudited net income was $4.5 million ($0.80 per share) for the three months ended December 31, 2025, compared to $2.9 million ($0.51 per share) in the previous quarter, and $2.0 million ($0.35 per share) earned in the same reporting period in the previous year.

Total deposits were $1.20 billion at December 31, 2025, an increase of $86.7 million or 7.8% from December 31, 2024. At December 31, 2025, all deposits were "core deposits" from our clients, with no wholesale-funded certificates of deposit. Total loans were $1.08 billion at December 31, 2025, an increase of $91.8 million or 9.3% from December 31, 2024. Total loans grew $39.9 million or 3.8% in the fourth quarter of 2025.

Jeff DeVine, President and CEO of the Company and the Bank stated, "In 2025, we achieved over $90 million of net loan growth and similar growth in deposits through onboarding new clients and expanding existing relationships. Earnings improved substantially, and our shareholders were rewarded with a 17.4% increase in tangible book value per share and a new high for ARBV share price. We have reinvested for growth and look forward to opportunities from our new lending center in Ventura County."

Fourth Quarter 2025 Highlights

• Unaudited net income and earnings per share have increased sequentially over the past four quarters and have improved 125.4% and 128.6%, respectively, from the fourth quarter of 2024. Net income in the fourth quarter of 2025 included a $535,000 tax credit gain related to the purchase of a qualified energy Federal tax credit at a discount.

• Return on average assets was 1.27%, return on average equity was 14.48% and efficiency ratio was 64.05% for the fourth quarter of 2025, with sequential improvement in all of these ratios over the past four quarters. Return on average assets, adjusted to exclude the $535,000 tax credit gain, was 1.13% for the fourth quarter of 2025.

• Total shareholders' equity was $127.7 million at December 31, 2025, and increased $16.3 million or 14.6% from the same reporting period in the previous year.

• Tangible book value per share was $21.49 at December 31, 2025, and increased $3.18 or 17.4% from the same reporting period in the previous year.

• The Company's tangible common equity ratio improved to 9.01% at December 31, 2025, compared to 8.35% at December 31, 2024. Strong earnings and improvements in the market value of the securities portfolio were partially offset by cumulative share repurchases totaling $2.6 million and the impact of 6.9% asset growth over the prior year.

• Non-interest-bearing demand deposits were $451.7 million or 37.6% of total deposits at December 31, 2025, and have increased $20.7 million or 4.8% since December 31, 2024.

• Total demand deposits were $620.1 million or 51.7% of total deposits at December 31, 2025, and have increased $72.1 million or 13.2% since December 31, 2024.

• As a result of the Bank's core funding and relationship-based deposits, the cost of deposits and total cost of funds declined to 1.29% and 1.41%, respectively, for the fourth quarter of 2025. Total cost of funds has improved by 22 basis points from the 1.63% reported for the same quarter in the prior year.

• Net interest margin ("NIM") increased to 3.81% for the fourth quarter of 2025, compared to 3.66% in the prior quarter, and has improved 49 basis points from the 3.32% reported for the same quarter in the prior 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 $191.2 million of cash, due from banks, and available-for-sale ("AFS") securities at market value as of December 31, 2025.

• At December 31, 2025, the Bank's commercial real estate ("CRE") portfolio is diverse, with weighted average loan-to-values of 29% to 54% and weighted average debt coverage ratios between 1.73x and 4.40x depending on the individual CRE category and as of the most recent CRE stress test in July 2025.

• The Bank maintained strong credit quality with no other real estate owned, no loans 90 days or more past due and still accruing, and $8.1 million or 0.75% of total loans on non-accrual status, which are well supported by collateral, borrower assets, SBA guarantees, or specific reserves.

Fourth Quarter 2025 Earnings
For the fourth quarter of 2025, unaudited net income was $4.5 million, compared to $2.9 million reported in the third quarter of 2025, and $2.0 million reported in the fourth quarter of 2024. In the fourth quarter of 2025 the bank purchased a qualified energy Federal tax credit at a discount, which was applied to 2025 Federal tax liability and carried back for 3 prior tax years, resulting in the recognition of a $535,000 tax credit gain. Unaudited net income pre-tax, pre-provision (non-GAAP) was $5.1 million in the fourth quarter of 2025, a $0.6 million or 13.7% increase from the $4.5 million reported in the third quarter of 2025, and a $1.8 million or 54.6% increase from the $3.3 million reported in the fourth quarter of 2024.

The Bank continues to grow interest and fees on loans sequentially over the last five quarters from $13.4 million in the fourth quarter of 2024 to $15.4 million in the fourth quarter of 2025, representing a $2.0 million or 15.0% increase.

Total interest expense has decreased from $4.8 million in the fourth quarter of 2024 to $4.5 million in the fourth quarter of 2025, a $0.3 million or 5.8% decrease, even though deposits have grown $86.7 million or 7.8% since the fourth quarter of 2024. Total interest expense has declined due to the favorable shift in funding mix, reduced borrowings, 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 increased $1.1 million or 8.7% in the fourth quarter of 2025 compared to the third quarter of 2025 and increased $2.7 million or 25.2% compared to the fourth quarter of 2024.

Non-Interest Income and Expense
Total non-interest income was $0.9 million for the fourth quarter of 2025, the same as the prior quarter, and $0.1 million more than the fourth quarter of last year. Variances between the quarters can be attributed to 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 fourth quarter of 2025, an increase from the $8.6 million reported for the prior quarter and the $8.1 million reported for the same quarter last 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 generated significant operating leverage with total non-interest expense up only $1.7 million or 5.1% in fiscal 2025 while net interest income increased $6.7 million, or 16.2% in fiscal 2025.

Loans and Asset Quality
Total loans were $1.08 billion at December 31, 2025, an increase of $39.9 million or 3.8% from the prior quarter-end, and an increase of $91.8 million or 9.3% from December 31, 2024.

The Bank's Allowance for Credit Losses ("ACL") was $12.7 million at December 31, 2025, with a resulting coverage ratio of 1.17%, compared to $11.6 million or 1.17% at December 31, 2024. As of December 31, 2025, non-accrual loans totaled $8.1 million, a $1.7 million decrease from the previous quarter-end, and a $2.0 million increase from the $6.1 million reported at December 31, 2024. All loans on non-accrual are well supported by collateral, borrower assets, SBA guarantees, or specific reserves.

Deposits & Borrowings
Total deposits were $1.20 billion at December 31, 2025, a $60.7 million or 4.8% decrease from the prior quarter-end, and an increase of $86.7 million or 7.8% from December 31, 2024. Deposit growth year-over-year was represented by core deposits, with no wholesale brokered funds at December 31, 2025.

Non-interest-bearing demand deposits totaled $451.7 million at December 31, 2025, a decrease of $30.6 million or 6.3% from the prior quarter-end, and an increase of $20.7 million or 4.8% from December 31, 2024. Non-interest-bearing demand deposits represent 37.6% of total deposits at December 31, 2025, compared to 38.3% at the prior quarter-end, and 38.7% at December 31, 2024.

Interest-bearing demand deposits totaled $168.4 million at December 31, 2025, a decrease of $12.5 million or 6.9% from the prior quarter-end, and an increase of $51.4 million or 43.9% from December 31, 2024. Total demand deposits, including interest-bearing demand, represent 51.7% of total deposits at December 31, 2025, compared to 52.6% at the prior quarter-end, and 49.2% at December 31, 2024.

Other interest-bearing deposits totaled $579.9 million at December 31, 2025, a decrease of $17.6 million or 2.9% from the prior quarter-end, and an increase of $14.6 million or 2.6% from December 31, 2024.

The weighted average cost of deposits for the fourth quarter of 2025 decreased to 1.29% from 1.45% for the third quarter of 2025 and decreased 29 basis points from the 1.58% reported for the same quarter of last 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 remained at $26.5 million at December 31, 2025, same as prior quarter, and a decrease from $41.5 million at December 31, 2024. At December 31, 2025, the Company had $10.0 million drawn on a correspondent bank line of credit at a rate of 3.85%, and $16.5 million of subordinated notes outstanding at a rate of 3.75%. The weighted average cost on all borrowings for the fourth quarter of 2025 was 3.84%, resulting in $0.3 million of interest expense on borrowings, the same as the previous quarter and for the same quarter last year.

As a result of the favorable shift to core funding and the impact of deposit pricing changes, total cost of funds was 1.41% for the fourth quarter of 2025, 7 basis points better than the 1.48% reported for the previous quarter, and 22 basis points better than the 1.63% reported for the same quarter of last year. The Company's net interest margin improved to 3.81% for the fourth quarter of 2025, compared to 3.66% in the prior quarter, and improved a significant 49 basis points from the 3.32% 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 12.1% at December 31, 2025, compared to 18.6% at September 30, 2025. As of December 31, 2025, the Bank had available and unused, secured borrowing capacity with the Federal Home Loan Bank of San Francisco of $263.6 million, and had available and unused, secured borrowing capacity with the Federal Reserve of $44.6 million. In addition, the Bank had $142.7 million of unused fed funds lines of credit with correspondent banks at December 31, 2025. Available contingent funding sources of $450.9 million remain robust.

Overall uninsured deposits, excluding public agency deposits that are collateralized, are conservatively estimated to be $398.4 million, or 33.2% of total deposit balances as of December 31, 2025. 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 $127.7 million at December 31, 2025, a $5.6 million or 4.6% increase since September 30, 2025, and an increase of $16.3 million or 14.6% 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"), improved $0.8 million or 5.4% from $14.7 million at September 30, 2025, to $13.9 million at December 31, 2025, and improved $5.7 million or 29.2% from December 31, 2024. The Bank fully expects to receive all principal when the investments mature.

As of December 31, 2025, 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 fourteen 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)

		December 31,				December 31,				One Year				One Year
		2025				2024				$ Change				% Change
Assets
Cash & Due From Banks		$	21,395			$	20,948			$	447				2	%
Available-for-sale securities			169,793				178,082				(8,289	)			-5	%
Held-to-maturity securities, net			41,430				41,393				37				0	%
Loans			1,081,696				989,941				91,755				9	%
Allowance For Credit Losses			(12,689	)			(11,572	)			(1,117	)			10	%
Net Loans			1,069,007				978,369				90,638				9	%
Premise & Equipment			7,255				8,221				(966	)			-12	%
Operating Lease Right-of-Use Asset			5,584				4,841				743				15	%
Bank Owned Life Insurance			14,051				12,131				1,920				16	%
Stock in Other Banks			6,786				6,786				-				-
Goodwill and Other Intangibles			4,871				4,911				(40	)			-1	%
Other Assets			27,117				23,629				3,488				15	%
Total Assets		$	1,367,289			$	1,279,312			$	87,977				7	%
Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits		$	451,721			$	431,031			$	20,690				5	%
Interest-bearing Demand Deposits			168,399				116,996				51,403				44	%
Other Interest-bearing Deposits			579,902				565,312				14,590				3	%
Total Deposits			1,200,022				1,113,338				86,683				8	%
Borrowed Funds			26,500				41,500				(15,000	)			-36	%
Allowance for credit losses on off-balance sheet exposures			974				1,052				(78	)			-7	%
Other Liabilities			12,123				12,039				84				1	%
Total Liabilities			1,239,619				1,167,929				71,689				6	%
Common Stock			68,767				68,134				633				1	%
Retained Earnings			72,826				62,919				9,907				16	%
Other Capital			(13,923	)			(19,670	)			5,747				29	%
Total Shareholders' Equity			127,670				111,383				16,287				15	%
Total Liabilities & Shareholders' Equity		$	1,367,289			$	1,279,312			$	87,977				7	%

 

American Riviera Bancorp and Subsidiaries
Balance Sheets (unaudited)
(dollars in thousands)

		December 31,				September 30,				June 30,				March 31,				December 31,
		2025				2025				2025				2025				2024
Assets
Cash & Due From Banks		$	21,395			$	128,753			$	28,111			$	30,525			$	20,948
Available-for-sale securities			169,793				164,459				162,089				175,787				178,082
Held-to-maturity securities			41,430				41,411				41,392				41,410				41,393
Loans			1,081,696				1,041,839				1,020,261				994,788				989,941
Allowance for Credit Losses			(12,689	)			(12,689	)			(12,496	)			(11,859	)			(11,572	)
Net Loans			1,069,007				1,029,150				1,007,765				982,928				978,369
Premise & Equipment			7,255				7,494				7,773				7,943				8,221
Operating Lease Right-of-Use Asset			5,584				5,885				6,184				4,528				4,841
Bank Owned Life Insurance			14,051				12,489				12,370				12,254				12,131
Stock in Other Banks			6,786				6,786				6,786				6,786				6,786
Goodwill and Other Intangibles			4,871				4,883				4,889				4,898				4,911
Other Assets			27,117				21,142				23,086				21,725				23,629
Total Assets		$	1,367,289			$	1,422,452			$	1,300,445			$	1,288,784			$	1,279,312
Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits		$	451,721			$	482,343			$	447,534			$	445,533			$	431,031
Interest-bearing Demand Deposits			168,399				180,930				134,538				116,425				116,995
Other Interest-bearing Deposits			579,902				597,454				549,404				572,936				565,312
Total Deposits			1,200,022				1,260,727				1,131,476				1,134,894				1,113,338
Borrowed Funds			26,500				26,500				38,500				26,500				41,500
Allowance for credit losses on off-balance sheet exposures			974				1,215				993				1,126				1,052
Other Liabilities			12,123				11,956				11,865				11,158				12,039
Total Liabilities			1,239,619				1,300,398				1,182,834				1,173,678				1,167,929
Common Stock			68,767				68,493				67,914				67,914				68,041
Retained Earnings			72,826				68,276				67,645				65,334				63,012
Other Capital			(13,923	)			(14,715	)			(17,948	)			(18,142	)			(19,670	)
Total Shareholders' Equity			127,670				122,054				117,611				115,106				111,383
Total Liabilities & Shareholders' Equity		$	1,367,289			$	1,422,452			$	1,300,445			$	1,288,784			$	1,279,312

 

American Riviera Bancorp and Subsidiaries
Average Balance Sheets (unaudited)
(dollars in thousands)

			4Q 2025				3Q 2025				2Q 2025				1Q 2025				4Q 2024
			Average				Average				Average				Average				Average
Assets
Cash & Due From Banks		$	109,112			$	70,822			$	21,159			$	28,207			$	49,181
Available-for-sale securities			166,373				162,709				166,833				176,964				183,256
Held-to-maturity securities			41,416				41,397				41,414				41,400				41,383
Loans			1,055,371				1,031,749				1,007,429				988,262				980,848
Allowance for Credit Losses			(12,689	)			(12,626	)			(12,010	)			(11,575	)			(11,692	)
Net Loans			1,042,682				1,019,123				995,419				976,687				969,156
Premise & Equipment			7,392				7,666				7,910				8,118				8,384
Operating Lease Right-of-Use Asset			5,762				6,057				4,636				4,676				4,945
Bank Owned Life Insurance			13,762				12,448				12,330				12,183				12,072
Stock in Other Banks			6,786				6,786				6,786				6,786				6,786
Goodwill and Other Intangibles			4,877				4,887				4,894				4,904				4,925
Other Assets			21,352				21,981				20,943				21,893				22,926
Total Assets		$	1,419,514			$	1,353,876			$	1,282,324			$	1,281,818			$	1,303,014
Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits		$	476,473			$	465,622			$	433,652			$	435,938			$	452,802
Interest-bearing Demand Deposits			156,271				150,042				120,062				113,411				113,218
Other Interest-bearing Deposits			621,162				579,637				554,088				568,440				584,053
Total Deposits			1,253,906				1,195,301				1,107,802				1,117,789				1,150,073
Borrowed Funds			26,589				26,674				47,231				37,389				27,772
Allowance for credit losses on off-balance sheet exposures			1,212				1,085				1,092				1,053				654
Other Liabilities			13,149				12,052				10,208				12,364				13,125
Total Liabilities			1,294,856				1,235,112				1,166,333				1,168,595				1,191,624
Common Stock			68,695				68,413				68,092				68,076				68,057
Retained Earnings			70,292				67,886				66,288				64,320				61,775
Other Capital			(14,329	)			(17,535	)			(18,389	)			(19,173	)			(18,442	)
Total Shareholders' Equity			124,658				118,764				115,991				113,223				111,390
Total Liabilities & Shareholders' Equity		$	1,419,514			$	1,353,876			$	1,282,324			$	1,281,818			$	1,303,014

American Riviera Bancorp and Subsidiaries
Statement of Income (unaudited)
(dollars in thousands, except per share data)

		Quarter Ended												Twelve Months Ended
		December 31,				December 31,								December 31,				December 31,
		2025				2024				Change				2025				2024				Change
Interest Income
Interest and Fees on Loans		$	15,437			$	13,426				15	%		$	58,092			$	52,536				11	%
Interest on Securities			1,378				1,518				-9	%			5,646				6,401				-12	%
Interest on Due From Banks			962				445				116	%			1,827				1,194				53	%
Total Interest Income			17,777				15,389				16	%			65,565				60,131				9	%
Interest Expense
Interest Expense on Deposits			4,282				4,555				-6	%			16,284				15,120				8	%
Interest Expense on Borrowings			254				258				-2	%			1,371				3,791				-64	%
Total Interest Expense			4,536				4,813				-6	%			17,655				18,911				-7	%
Net Interest Income			13,241				10,576				25	%			47,910				41,220				16	%
Provision for Credit Losses			-				(121	)			-100	%			1,115				(77	)			-1548	%
Provision for Off-Balance Sheet Credit Exposures			(240	)			403				-160	%			(78	)			470				-117	%
Net Interest Income After Provision			13,481				10,294				31	%			46,873				40,827				15	%
Non-Interest Income
Service Charges, Commissions and Fees			609				530				15	%			2,427				2,387				2	%
Other Non-Interest Income			284				299				-5	%			1,087				1,736				-37	%
Total Non-Interest Income			893				829				8	%			3,514				4,123				-15	%
Non-Interest Expense
Salaries and Employee Benefits			5,744				4,705				22	%			21,859				19,997				9	%
Occupancy and Equipment			917				981				-7	%			3,705				3,726				-1	%
Other Non-Interest Expense			2,393				2,432				-2	%			8,741				8,927				-2	%
Total Non-Interest Expense			9,053				8,118				12	%			34,305				32,650				5	%
Net Income Before Provision for Taxes			5,321				3,005				77	%			16,082				12,300				31	%
Provision for Taxes			772				986				-22	%			3,637				3,559				2	%
Net Income		$	4,549			$	2,019				125	%		$	12,445			$	8,741				42	%
Shares Outstanding			5,713,022				5,815,818				-2	%			5,713,022				5,815,818				-2	%
Earnings Per Share - Basic		$	0.80			$	0.35				129	%		$	2.18			$	1.50				45	%
Return on Average Assets			1.27	%			0.62	%			105	%			0.93	%			0.68	%			37	%
Return on Average Equity			14.48	%			7.27	%			99	%			10.54	%			8.25	%			28	%
Net Interest Margin			3.81	%			3.32	%			15	%			3.69	%			3.30	%			12	%

American Riviera Bancorp and Subsidiaries
Five Quarter Statements of Income (unaudited)
(dollars in thousands, except per share data)

		Three Months Ended
		December 31,				September 30,				June 30,				March 31,				December 31,
		2025				2025				2025				2025				2024
Interest Income
Interest and Fees on Loans		$	15,437			$	14,789			$	14,168			$	13,698			$	13,426
Interest on Securities			1,378				1,340				1,439				1,489				1,518
Interest on Due From Banks			962				621				82				162				445
Total Interest Income			17,777				16,750				15,689				15,349				15,389
Interest Expense
Interest Expense on Deposits			4,282				4,315				3,822				3,865				4,555
Interest Expense on Borrowings			254				257				487				373				258
Total Interest Expense			4,536				4,572				4,309				4,238				4,813
Net Interest Income			13,241				12,178				11,380				11,111				10,576
Provision for Credit Losses			-				194				634				287				(121	)
Provision for Off-Balance Sheet Credit Exposures			(240	)			221				(133	)			74				403
Net Interest Income After Provision			13,481				11,763				10,879				10,750				10,294
Non-Interest Income
Service Charges, Commissions and Fees			609				631				639				548				530
Other Non-Interest Income			284				289				247				267				299
Total Non-Interest Income			893				920				886				815				828
Non-Interest Expense
Salaries and Employee Benefits			5,744				5,467				5,250				5,398				4,705
Occupancy and Equipment			917				922				929				937				981
Other Non-Interest Expense			2,393				2,240				2,072				2,037				2,432
Total Non-Interest Expense			9,054				8,629				8,251				8,372				8,118
Net Income Before Provision for Taxes			5,320				4,054				3,514				3,193				3,004
Provision for Taxes			772				1,125				870				870				986
Net Income		$	4,548			$	2,929			$	2,644			$	2,323			$	2,018
Shares Outstanding			5,713,022				5,708,960				5,810,042				5,833,247				5,815,818
Earnings Per Share - Basic		$	0.80			$	0.51			$	0.46			$	0.40			$	0.35
Net Income pre-tax, pre-provision (Non-GAAP)		$	5,080			$	4,469			$	4,015			$	3,554			$	3,286

American Riviera Bancorp and Subsidiaries
Selected Financial Highlights (unaudited)
(dollars in thousands, except per share data)

		At or for the Three Months Ended
		December 31,				September 30,				June 30,				March 31,				December 31,
		2025				2025				2025				2025				2024
Income and performance ratios:
Net Income		$	4,549			$	2,929			$	2,644			$	2,323			$	2,018
Earnings per share - basic			0.80				0.51				0.46				0.40				0.35
Return on average assets			1.27	%			0.85	%			0.83	%			0.74	%			0.62	%
Return on average equity			14.48	%			9.75	%			9.14	%			8.39	%			7.27	%
Loan yield			5.80	%			5.69	%			5.64	%			5.62	%			5.45	%
Cost of funds			1.41	%			1.48	%			1.50	%			1.49	%			1.63	%
Cost of deposits			1.29	%			1.45	%			1.39	%			1.39	%			1.58	%
Net interest margin			3.81	%			3.66	%			3.65	%			3.61	%			3.32	%
Efficiency ratio (b)			64.05	%			65.89	%			67.26	%			70.20	%			71.18	%
Balance Sheet ratios:
Loan-to-deposit ratio			90.14	%			82.64	%			90.17	%			87.65	%			88.92	%
Non-interest-bearing deposits / total deposits			37.64	%			38.26	%			39.55	%			39.26	%			38.72	%
Demand deposits / total deposits			51.68	%			52.61	%			51.44	%			49.52	%			49.22	%
Asset quality:
Allowance for credit losses		$	12,689			$	12,689			$	12,496			$	11,859			$	11,572
Nonperforming assets			8,116				9,803				8,442				4,799				6,098
Allowance for credit losses / total loans and leases			1.17	%			1.22	%			1.22	%			1.19	%			1.17	%
Net charge-offs / average loans and leases (annualized)			0.00	%			0.00	%			0.00	%			0.00	%			0.00	%
Texas ratio (a)			7.37	%			9.38	%			8.42	%			4.87	%			5.47	%
Capital ratios for American Riviera Bank(c):
Tier 1 risk-based capital			12.54	%			12.56	%			13.39	%			13.34	%			13.21	%
Total risk-based capital			13.68	%			13.77	%			14.59	%			14.51	%			14.36	%
Tier 1 leverage ratio			10.55	%			10.69	%			11.78	%			11.55	%			11.17	%
Capital ratios for American Riviera Bancorp(c):
Tier 1 risk-based capital			11.48	%			11.49	%			11.61	%			11.61	%			11.49	%
Total risk-based capital			13.93	%			14.03	%			14.19	%			14.17	%			14.05	%
Tier 1 leverage ratio			9.66	%			9.78	%			10.16	%			9.89	%			9.72	%
Tangible common equity ratio			9.01	%			8.27	%			8.70	%			8.58	%			8.35	%
Equity and share related:
Common equity		$	127,670			$	122,054			$	117,611			$	115,106			$	111,383
Book value per share			22.35				21.38				20.24				19.73				19.15
Tangible book value per share			21.49				20.52				19.40				18.89				18.31
Tangible book value per share, excluding AOCI (d)			23.93				23.10				22.49				22.00				21.69
Stock closing price per share			23.90				21.99				19.27				19.16				20.00
Number of shares issued and outstanding			5,713.02				5,708.96				5,810.04				5,833.25				5,815.82
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 (ARBV) Q4 2025 earnings and EPS?

Unaudited net income for Q4 2025 was $4.5M with EPS of $0.80. According to the company, this compares with $2.0M and $0.35 EPS in Q4 2024 and reflects sequential quarterly improvement in profitability.

How did ARBV's loans and deposits change in 2025?

Total loans increased to $1.08B (+9.3% YoY) and deposits rose to $1.20B (+7.8% YoY). According to the company, growth was driven by new client onboarding and expanded existing relationships.

What drove American Riviera Bancorp's improved net interest margin in Q4 2025?

NIM improved to 3.81% in Q4 2025, up 49 bps YoY. According to the company, higher loan yields and lower total cost of funds from core funding drove the margin expansion.

How strong is ARBV's capital position after 2025 results?

Total shareholders' equity was $127.7M and tangible book value per share rose to $21.49. According to the company, tangible common equity ratio improved to 9.01% at year-end 2025.

Are there any liquidity or asset-quality concerns in ARBV's Q4 2025 report?

Primary liquidity ratio declined to 12.1% QoQ and non-accrual loans totaled $8.1M. According to the company, non-accruals are supported by collateral, borrower assets, SBA guarantees, or reserves.