American Riviera Bancorp Announces Results for the Third Quarter of 2025

Rhea-AI Summary

American Riviera Bancorp (OTCQX: ARBV) reported unaudited Q3 2025 net income of $2.9M ($0.51/share) and nine-month net income of $7.9M ($1.38/share). Total deposits rose to $1.26B (+11.3% YoY) and total loans to $1.04B (+6.7% YoY). Tangible book value per share was $20.52 (+11.7% YoY) and shareholders' equity was $122.1M (+8.9% YoY).

The bank reported a net interest margin of 3.66%, total cost of funds of 1.48% (down 18 bps YoY), and on-balance liquidity of $293.2M. Allowance for credit losses was $12.7M with non-accrual loans of $9.8M as of September 30, 2025. The company repurchased shares under its buyback program in 2025.

Positive

• Total deposits +11.3% YoY to $1.26B
• Total loans +6.7% YoY to $1.04B
• Tangible book value per share +11.7% YoY to $20.52
• Net interest margin +33 bps YoY to 3.66%
• Total cost of funds improved 18 bps YoY to 1.48%

Negative

• Non-accrual loans increased to $9.8M from $0.5M YoY
• Allowance for credit losses only $12.7M (1.22% coverage)
• Total non-interest expense rose to $8.6M in Q3 2025

SANTA BARBARA, CA / ACCESS Newswire / October 24, 2025 / American Riviera Bancorp ("Company") (OTCQX:ARBV), holding company of American Riviera Bank ("Bank"), announced today unaudited net income of $7.9 million ($1.38 per share) for the nine months ended September 30, 2025, compared to $6.7 million ($1.15 per share) earned in the same reporting period in the previous year. Unaudited net income was $2.9 million ($0.51 per share) for the three months ended September 30, 2025, compared to $2.6 million ($0.46 per share) in the previous quarter, and $2.1 million ($0.36 per share) earned in the same reporting period in the previous year.

Total deposits were $1.26 billion at September 30, 2025, an increase of $128.0 million or 11.3% from September 30, 2024. At September 30, 2025, all deposits were "core deposits" from our clients, with no wholesale-funded certificates of deposit. Total loans were $1.04 billion at September 30, 2025, an increase of $65.6 million or 6.7% from September 30, 2024. Total loans grew $21.6 million or 2.1% in the third quarter of 2025.

Jeff DeVine, President and CEO of the Company and the Bank stated, "Our loyal clients have helped us achieve substantial growth in deposits, loans and profitability year to date. We are excited to announce American Riviera Bank's expansion into Ventura County with the recent hiring of two experienced relationship bankers to open our Ventura loan production office."

Third Quarter 2025 Highlights

• Recognized by S&P Global as a Top 100 Small US Community Bank Deposit Franchise as of June 30, 2025.

• Unaudited net income and earnings per share have increased sequentially over the past three quarters and have improved 40.1% and 41.7%, respectively, from the third quarter of 2024.

• Return on average assets was 0.85%, return on average equity was 9.75% and efficiency ratio was 65.89% for the third quarter of 2025, with sequential improvement in all of these ratios over the past three quarters.

• Total shareholders' equity was $122.1 million at September 30, 2025, and increased $9.9 million or 8.9% from the same reporting period in the previous year.

• Tangible book value per share was $20.52 at September 30, 2025, and increased $2.15 or 11.7% from the same reporting period in the previous year.

• Pursuant to the approved share repurchase program, the Company acquired 100,000 shares of common stock at a weighted average cost of $20.28 in the third quarter of 2025, which was below tangible book value per share of $20.52 at September 30, 2025.

• The Company's tangible common equity ratio was stable at 8.27% at September 30, 2025, compared to 8.31% at September 30, 2024. Strong earnings and improved shareholder equity over the prior year were offset by cumulative share repurchases totaling $2.6 million and 9.9% asset growth.

• Non-interest-bearing demand deposits were $482.3 million or 38.3% of total deposits at September 30, 2025, and have increased $51.3 million or 11.9% year to date.

• Total demand deposits were $663.3 million or 52.6% of total deposits at September 30, 2025, and have increased $115.3 million or 21.0% year to date.

• As a result of the Bank's core funding and relationship-based deposits, the cost of deposits and total cost of funds remain low at 1.45% and 1.48%, respectively, for the third quarter of 2025. Total cost of funds has improved by 18 basis points from the 1.66% reported for the same quarter in the prior year.

• Net interest margin ("NIM") was stable at 3.66% for the third quarter of 2025, compared to 3.65% in the prior quarter, and has improved 33 basis points from the 3.33% reported for the same quarter in the prior year. NIM has improved as a result of steady loan yield improvement and declining total cost of funds.

• On-balance sheet liquidity continues to be substantial with $293.2 million of cash, due from banks, and available-for-sale ("AFS") securities market value at September 30, 2025.

• At September 30, 2025, the Bank's commercial real estate ("CRE") portfolio is diverse, with only $80.7 million in the non-owner-occupied office category and weighted average loan-to-values of 29% to 53% depending on the individual CRE category. As of the most recent CRE stress test in July 2025, weighted average debt coverage ratios were between 1.73x and 4.40x depending on the individual CRE category.

• The Bank maintained strong credit quality with no other real estate owned, no loans 90 days or more past due and still accruing, and $9.8 million or 0.94% of total loans on non-accrual status, which are well supported by collateral, borrower assets, SBA guarantees, or specific reserves. Subsequent to quarter-end, a $1.5 million loan which was moved to non-accrual during the third quarter of 2025 was repaid in full including interest.

Third Quarter 2025 Earnings

For the third quarter of 2025, unaudited net income was $2.9 million, compared to $2.6 million reported in the second quarter of 2025, and $2.1 million reported in the third quarter of 2024. Unaudited net income pre-tax, pre-provision (non-GAAP) was $4.5 million in the third quarter of 2025, a $0.5 million or 12.5% increase from the $4.0 million reported in the second quarter of 2025, and a $1.6 million or 55.2% increase from the $2.9 million reported in the third 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 third quarter of 2024 to $14.8 million in the third quarter of 2025, representing a $1.4 million or 10.4% increase.

Total interest expense has decreased from $4.9 million in the third quarter of 2024 to $4.6 million in the third quarter of 2025, a $0.3 million or 5.7% decrease. Even though deposits have grown $128.0 million or 11.3% since the third quarter of 2024, total interest expense has notably declined due to the favorable shift in funding mix, reduced borrowings and deposit rate reductions which have followed the Federal Reserve's actions to lower its target rate.

Net interest income pre-provision increased $0.8 million or 7.0% in the third quarter of 2025 compared to the second quarter of 2025, and increased $1.7 million or 16.8% compared to the third quarter of 2024.

Non-Interest Income and Expense

Total non-interest income was $0.9 million for the third quarter of 2025, the same as the prior quarter, and the same as the third 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 $8.6 million for the third quarter of 2025, an increase from the $8.3 million reported for the prior quarter and the $8.4 million reported for the same quarter last year. Variances between the quarters can be attributed to changes in bonus accruals, check fraud and legal costs and the timing of expenses related to advertising and events. The Company has benefitted from tight expense control with total non-interest expense up only $0.7 million or 2.9% year to date 2025 versus year to date 2024.

Loans and Asset Quality
Total loans were $1.04 billion at September 30, 2025, an increase of $21.6 million or 2.1% from the prior quarter-end, and an increase of $65.6 million or 6.7% from September 30, 2024.

The Bank's Allowance for Credit Losses ("ACL") was $12.7 million at September 30, 2025, with a resulting coverage ratio of 1.22%, as compared to $12.5 million or 1.22% at the prior quarter-end and $11.7 million or 1.20% at September 30, 2024. As of September 30, 2025, non-accrual loans totaled $9.8 million, a $1.4 million increase from the previous quarter-end, and a $9.3 million increase from the $0.5 million reported at September 30, 2024. Subsequent to quarter-end, a $1.5 million loan which was moved to non-accrual during the third quarter of 2025 was repaid in full including interest. All loans on non-accrual are well supported by collateral, borrower assets, SBA guarantees, or specific reserves.

Deposits & Borrowings

Total deposits were $1.26 billion at September 30, 2025, a $129.3 million increase from the prior quarter-end, and an increase of $128.0 million or 11.3% from September 30, 2024. Deposit growth year-over-year was represented by core deposits, with no wholesale brokered funds at September 30, 2025.

Non-interest-bearing demand deposits totaled $482.3 million at September 30, 2025, an increase of $34.8 million or 7.8% from the prior quarter-end, and an increase of $15.8 million or 3.4% from September 30, 2024. Non-interest-bearing demand deposits represent 38.3% of total deposits at September 30, 2025, compared to 39.6% at the prior quarter-end, and 41.2% at September 30, 2024.

Interest-bearing demand deposits totaled $180.9 million at September 30, 2025, an increase of $46.4 million or 34.5% from the prior quarter-end, and an increase of $64.3 million or 55.1% from September 30, 2024. Total demand deposits, including interest-bearing demand, represent 52.6% of total deposits at September 30, 2025, compared to 51.4% at the prior quarter-end, and 51.5% at September 30, 2024.

Other interest-bearing deposits totaled $597.5 million at September 30, 2025, an increase of $48.1 million or 8.7% from the prior quarter-end, and an increase of $47.9 million or 8.7% from September 30, 2024.

The weighted average cost of deposits for the third quarter of 2025 increased to 1.45% from 1.39% for the second quarter of 2025, but remained lower than the 1.52% reported for the same quarter of last year. The increase in the cost of deposits was due to significant growth in interest-bearing deposits during the third quarter of 2025.

The Company's total borrowings decreased to $26.5 million at September 30, 2025, from $38.5 million at June 30, 2025. At September 30, 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 third quarter of 2025 was 3.84%, resulting in $0.3 million of interest expense on borrowings, a slight decrease compared to the $0.5 million of borrowing expense for the previous quarter, and lower than the $0.6 million incurred for the same quarter last year.

As a result of the continued favorable shift to core funding and the impact of deposit pricing changes, total cost of funds was 1.48% for the third quarter of 2025, 2 basis points better than the 1.50% reported for the previous quarter, and 18 basis points better than the 1.66% reported for the same quarter of last year. The Company's net interest margin slightly improved to 3.66% for the third quarter of 2025, compared to 3.65% in the prior quarter, and improved a significant 33 basis points from the 3.33% 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 18.6% at September 30, 2025, compared to 12.8% at June 30, 2025.

As of September 30, 2025, the Bank had available and unused, secured borrowing capacity with the Federal Home Loan Bank of San Francisco of $267.1 million, and had available and unused, secured borrowing capacity with the Federal Reserve of $46.0 million. In addition, the Bank had $142.7 million of unused fed funds lines of credit with correspondent banks at September 30, 2025. Available contingent funding sources of $455.8 million remain robust.

Overall uninsured deposits, excluding public agency deposits that are collateralized, are conservatively estimated to be $440.6 million, or 35.0% of total deposit balances as of September 30, 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 $122.1 million at September 30, 2025, a $4.4 million or 3.8% increase since June 30, 2025, and an increase of $9.9 million or 8.9% 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 $3.2 million or 18.0% from $17.9 million at June 30, 2025, to $14.7 million at September 30, 2025, and improved $1.9 million or 11.4% from September 30, 2024. The Bank fully expects to receive all principal when the investments mature.

As of September 30, 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. 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)

		September 30,				September 30,				One Year				One Year
		2025				2024				$ Change				% Change
Assets
Cash & Due From Banks		$	128,753			$	40,549			$	88,204				218	%
Available-for-sale securities			164,459				188,173				(23,714	)			-13	%
Held-to-maturity securities, net			41,411				41,377				34				0	%
Loans			1,041,839				976,257				65,582				7	%
Allowance For Credit Losses			(12,689	)			(11,694	)			(995	)			9	%
Net Loans			1,029,150				964,563				64,587				7	%
Premise & Equipment			7,494				8,477				(983	)			-12	%
Operating Lease Right-of-Use Asset			5,885				5,153				732				14	%
Bank Owned Life Insurance			12,489				12,027				462				4	%
Stock in Other Banks			6,786				6,786				-				-
Goodwill and Other Intangibles			4,883				4,939				(56	)			-1	%
Other Assets			21,142				22,716				(1,574	)			-7	%
Total Assets		$	1,422,452			$	1,294,758			$	127,694				10	%
Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits		$	482,343			$	466,537			$	15,806				3	%
Interest-bearing Demand Deposits			180,930				116,624				64,306				55	%
Other Interest-bearing Deposits			597,454				549,601				47,853				9	%
Total Deposits			1,260,727				1,132,762				127,965				11	%
Borrowed Funds			26,500				36,500				(10,000	)			-27	%
Allowance for credit losses on off-balance sheet exposures			1,215				649				566				87	%
Other Liabilities			11,956				12,723				(767	)			-6	%
Total Liabilities			1,300,398				1,182,634				117,764				10	%
Common Stock			68,493				67,841				652				1	%
Retained Earnings			68,276				60,901				7,375				12	%
Other Capital			(14,715	)			(16,617	)			1,902				11	%
Total Shareholders' Equity			122,054				112,125				9,929				9	%
Total Liabilities & Shareholders' Equity		$	1,422,452			$	1,294,758			$	127,694				10	%

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

		September 30,				June 30,				March 31,				December 31,				September 30,
		2025				2025				2025				2024				2024
Assets
Cash & Due From Banks		$	128,753			$	28,111			$	30,525			$	20,948			$	40,549
Available-for-sale securities			164,459				162,089				175,787				178,082				188,173
Held-to-maturity securities			41,411				41,392				41,410				41,393				41,377
Loans			1,041,839				1,020,261				994,788				989,941				976,257
Allowance for Credit Losses			(12,689	)			(12,496	)			(11,859	)			(11,572	)			(11,694	)
Net Loans			1,029,150				1,007,765				982,928				978,369				964,563
Premise & Equipment			7,494				7,773				7,943				8,221				8,477
Operating Lease Right-of-Use Asset			5,885				6,184				4,528				4,841				5,153
Bank Owned Life Insurance			12,489				12,370				12,254				12,131				12,027
Stock in Other Banks			6,786				6,786				6,786				6,786				6,786
Goodwill and Other Intangibles			4,883				4,889				4,898				4,911				4,939
Other Assets			21,142				23,086				21,725				23,629				22,716
Total Assets		$	1,422,452			$	1,300,445			$	1,288,784			$	1,279,312			$	1,294,758
Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits		$	482,343			$	447,534			$	445,533			$	431,031			$	466,537
Interest-bearing Demand Deposits			180,930				134,538				116,425				116,995				116,624
Other Interest-bearing Deposits			597,454				549,404				572,936				565,312				549,601
Total Deposits			1,260,727				1,131,476				1,134,894				1,113,338				1,132,762
Borrowed Funds			26,500				38,500				26,500				41,500				36,500
Allowance for credit losses on off-balance sheet exposures			1,215				993				1,126				1,052				649
Other Liabilities			11,956				11,865				11,158				12,039				12,723
Total Liabilities			1,300,398				1,182,834				1,173,678				1,167,929				1,182,634
Common Stock			68,493				67,914				67,914				68,041				67,841
Retained Earnings			68,276				67,645				65,334				63,012				60,901
Other Capital			(14,715	)			(17,948	)			(18,142	)			(19,670	)			(16,617	)
Total Shareholders' Equity			122,054				117,611				115,106				111,383				112,125
Total Liabilities & Shareholders' Equity		$	1,422,452			$	1,300,445			$	1,288,784			$	1,279,312			$	1,294,758

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

		3Q 2025 Average				2Q 2025 Average				1Q 2025 Average				4Q 2024 Average				3Q 2024 Average
Assets
Cash & Due From Banks		$	70,822			$	21,159			$	28,207			$	49,181			$	36,917
Available-for-sale securities			162,709				166,833				176,964				183,256				188,006
Held-to-maturity securities			41,397				41,414				41,400				41,383				41,367
Loans			1,031,749				1,007,429				988,262				980,848				965,895
Allowance for Credit Losses			(12,626	)			(12,010	)			(11,575	)			(11,692	)			(11,694	)
Net Loans			1,019,123				995,419				976,687				969,156				954,201
Premise & Equipment			7,666				7,910				8,118				8,384				8,612
Operating Lease Right-of-Use Asset			6,057				4,636				4,676				4,945				5,013
Bank Owned Life Insurance			12,448				12,330				12,183				12,072				11,975
Stock in Other Banks			6,786				6,786				6,786				6,786				6,786
Goodwill and Other Intangibles			4,887				4,894				4,904				4,925				4,947
Other Assets			21,981				20,943				21,893				22,926				23,289
Total Assets		$	1,353,876			$	1,282,324			$	1,281,818			$	1,303,014			$	1,281,113
Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits		$	465,622			$	433,652			$	435,938			$	452,802			$	441,631
Interest-bearing Demand Deposits			150,042				120,062				113,411				113,218				114,737
Other Interest-bearing Deposits			579,637				554,088				568,440				584,053				547,344
Total Deposits			1,195,301				1,107,802				1,117,789				1,150,073				1,103,712
Borrowed Funds			26,674				47,231				37,389				27,772				55,181
Allowance for credit losses on off-balance sheet exposures			1,085				1,092				1,053				654				649
Other Liabilities			12,052				10,208				12,364				13,125				13,535
Total Liabilities			1,235,112				1,166,333				1,168,595				1,191,624				1,173,077
Common Stock			68,413				68,092				68,076				68,057				67,676
Retained Earnings			67,886				66,288				64,320				61,775				59,846
Other Capital			(17,535	)			(18,389	)			(19,173	)			(18,442	)			(19,486	)
Total Shareholders' Equity			118,764				115,991				113,223				111,390				108,036
Total Liabilities & Shareholders' Equity		$	1,353,876			$	1,282,324			$	1,281,818			$	1,303,014			$	1,281,113

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

		Quarter Ended												Nine Months Ended
		September 30,				September 30,								September 30,				September 30,
		2025				2024				Change				2025				2024				Change
Interest Income
Interest and Fees on Loans		$	14,789			$	13,395				10	%		$	42,655			$	39,110				9	%
Interest on Securities			1,340				1,577				-15	%			4,268				4,884				-13	%
Interest on Due From Banks			621				305				104	%			865				748				16	%
Total Interest Income			16,750				15,277				10	%			47,788				44,742				7	%
Interest Expense
Interest Expense on Deposits			4,315				4,225				2	%			12,002				10,565				14	%
Interest Expense on Borrowings			257				624				-59	%			1,117				3,532				-68	%
Total Interest Expense			4,572				4,849				-6	%			13,119				14,097				-7	%
Net Interest Income			12,178				10,428				17	%			34,669				30,645				13	%
Provision for Credit Losses			194				-				-				1,115				111				905	%
Provision for Off-Balance Sheet Credit Exposures			221				-				-				162				-				-
Net Interest Income After Provision			11,763				10,428				13	%			33,392				30,534				9	%
Non-Interest Income
Service Charges, Commissions and Fees			631				606				4	%			1,818				1,857				-2	%
Other Non-Interest Income			289				272				6	%			803				1,438				-44	%
Total Non-Interest Income			920				878				5	%			2,621				3,295				-20	%
Non-Interest Expense
Salaries and Employee Benefits			5,467				4,965				10	%			16,115				15,292				5	%
Occupancy and Equipment			922				978				-6	%			2,788				2,744				2	%
Other Non-Interest Expense			2,240				2,429				-8	%			6,349				6,496				-2	%
Total Non-Interest Expense			8,629				8,372				3	%			25,252				24,532				3	%
Net Income Before Provision for Taxes			4,054				2,934				38	%			10,761				9,297				16	%
Provision for Taxes			1,125				845				33	%			2,865				2,572				11	%
Net Income		$	2,929			$	2,089				40	%		$	7,896			$	6,725				17	%
Shares Outstanding			5,708,960				5,833,825				-2	%			5,708,960				5,833,825				-2	%
Earnings Per Share - Basic		$	0.51			$	0.36				42	%		$	1.38			$	1.15				20	%
Return on Average Assets			0.85	%			0.65	%			31	%			0.81	%			0.70	%			16	%
Return on Average Equity			9.75	%			7.73	%			26	%			9.13	%			8.64	%			6	%
Net Interest Margin			3.66	%			3.33	%			10	%			3.64	%			3.29	%			11	%

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

		Three Months Ended
		September 30,				June 30,				March 31,				December 31,				September 30,
		2025				2025				2025				2024				2024
Interest Income
Interest and Fees on Loans		$	14,789			$	14,168			$	13,698			$	13,426			$	13,395
Interest on Securities			1,340				1,439				1,489				1,518				1,577
Interest on Due From Banks			621				82				162				445				305
Total Interest Income			16,750				15,689				15,349				15,389				15,277
Interest Expense
Interest Expense on Deposits			4,315				3,822				3,865				4,555				4,225
Interest Expense on Borrowings			257				487				373				258				624
Total Interest Expense			4,572				4,309				4,238				4,813				4,849
Net Interest Income			12,178				11,380				11,111				10,576				10,428
Provision for Credit Losses			194				634				287				(121	)			-
Provision for Off-Balance Sheet Credit Exposures			221				(133	)			74				403				-
Net Interest Income After Provision			11,763				10,879				10,750				10,294				10,428
Non-Interest Income
Service Charges, Commissions and Fees			631				639				548				530				606
Other Non-Interest Income			289				247				267				299				272
Total Non-Interest Income			920				886				815				828				878
Non-Interest Expense
Salaries and Employee Benefits			5,467				5,250				5,398				4,705				4,965
Occupancy and Equipment			922				929				937				981				978
Other Non-Interest Expense			2,240				2,072				2,037				2,432				2,429
Total Non-Interest Expense			8,629				8,251				8,372				8,118				8,372
Net Income Before Provision for Taxes			4,054				3,514				3,193				3,004				2,935
Provision for Taxes			1,125				870				870				986				845
Net Income		$	2,929			$	2,644			$	2,323			$	2,018			$	2,089
Shares Outstanding			5,708,960				5,810,042				5,833,247				5,815,818				5,833,825
Earnings Per Share - Basic		$	0.51			$	0.46			$	0.40			$	0.35			$	0.36
Net Income pre-tax, pre-provision (Non-GAAP)		$	4,469			$	4,015			$	3,554			$	3,286			$	2,935

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

		At or for the Three Months Ended
		September 30,				June 30,				March 31,				December 31,				September 30,
		2025				2025				2025				2024				2024
Income and performance ratios:
Net Income		$	2,929			$	2,644			$	2,323			$	2,018			$	2,089
Earnings per share - basic			0.51				0.46				0.40				0.35				0.36
Return on average assets			0.85	%			0.83	%			0.74	%			0.62	%			0.65	%
Return on average equity			9.75	%			9.14	%			8.39	%			7.27	%			7.73	%
Loan yield			5.69	%			5.64	%			5.62	%			5.45	%			5.52	%
Cost of funds			1.48	%			1.50	%			1.49	%			1.63	%			1.66	%
Cost of deposits			1.45	%			1.39	%			1.39	%			1.58	%			1.52	%
Net interest margin			3.66	%			3.65	%			3.61	%			3.32	%			3.33	%
Efficiency ratio (b)			65.89	%			67.26	%			70.20	%			71.18	%			74.06	%
Balance Sheet ratios:
Loan-to-deposit ratio			82.64	%			90.17	%			87.65	%			88.92	%			86.18	%
Non-interest-bearing deposits / total deposits			38.26	%			39.55	%			39.26	%			38.72	%			41.19	%
Demand deposits / total deposits			52.61	%			51.44	%			49.52	%			49.22	%			51.48	%
Asset quality:
Allowance for credit losses		$	12,689			$	12,496			$	11,859			$	11,572			$	11,694
Nonperforming assets			9,803				8,442				4,799				6,098				521
Allowance for credit losses / total loans and leases			1.22	%			1.22	%			1.19	%			1.17	%			1.20	%
Net charge-offs / average loans and leases (annualized)			0.00	%			0.00	%			0.00	%			0.00	%			0.00	%
Texas ratio (a)			9.38	%			8.42	%			4.87	%			5.47	%			0.54	%
Capital ratios for American Riviera Bank(c):
Tier 1 risk-based capital			12.56	%			13.39	%			13.34	%			13.21	%			12.93	%
Total risk-based capital			13.77	%			14.59	%			14.51	%			14.36	%			14.05	%
Tier 1 leverage ratio			10.69	%			11.78	%			11.55	%			11.17	%			11.15	%
Capital ratios for American Riviera Bancorp(c):
Tier 1 risk-based capital			11.49	%			11.61	%			11.61	%			11.49	%			11.24	%
Total risk-based capital			14.03	%			14.19	%			14.17	%			14.05	%			13.80	%
Tier 1 leverage ratio			9.78	%			10.16	%			9.89	%			9.72	%			9.70	%
Tangible common equity ratio			8.27	%			8.70	%			8.58	%			8.35	%			8.31	%
Equity and share related:
Common equity		$	122,054			$	117,611			$	115,106			$	111,383			$	112,125
Book value per share			21.38				20.24				19.73				19.15				19.22
Tangible book value per share			20.52				19.40				18.89				18.31				18.37
Tangible book value per share, excluding AOCI (d)			23.10				22.49				22.00				21.69				21.22
Stock closing price per share			21.99				19.27				19.16				20.00				19.40
Number of shares issued and outstanding			5,708.96				5,810.04				5,833.25				5,815.82				5,833.83

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 did American Riviera Bancorp (ARBV) report for Q3 2025 net income?

American Riviera Bancorp reported unaudited Q3 2025 net income of $2.9M or $0.51 per share.

How large were ARBV deposits and loan balances at September 30, 2025?

Total deposits were $1.26B and total loans were $1.04B as of September 30, 2025.

What was ARBV's net interest margin and cost of funds in Q3 2025?

Net interest margin was 3.66% and total cost of funds was 1.48% for Q3 2025.

How did ARBV's tangible book value change by September 30, 2025?

Tangible book value per share increased to $20.52, up 11.7% year over year.

Did American Riviera Bancorp repurchase shares in 2025 and how many?

Yes; the company repurchased shares under its program, acquiring 100,000 shares in Q3 2025 and 130,616 shares year to date.

What credit quality metrics should investors note for ARBV as of 9/30/2025?

Allowance for credit losses was $12.7M (coverage 1.22%) and non-accrual loans totaled $9.8M as of September 30, 2025.