American Riviera Bancorp Announces Results for the Third Quarter of 2026

Loan growth and a wider net interest margin accompanied higher earnings, while borrowing and operating costs increased.

Rhea-AI Summary

American Riviera Bancorp (ARBV) reported third-quarter 2026 net income of $4.3 million, up from both the preceding quarter and a year earlier. Earnings per share were $0.75, versus $0.57 in the second quarter and $0.51 a year earlier. Nine-month net income rose 46.7% to $11.6 million. Quarterly earnings included $477,000 of non-recurring loan interest recovery; net interest margin was 4.11%, or 4.02% excluding that recovery.

At September 30, loans totaled $1.18 billion and deposits $1.26 billion, with quarterly growth of 2.6% and 3.0%, respectively. Non-accrual loans fell to $4.2 million from $9.8 million a year earlier. Shareholders' equity increased 12.7% year over year to $137.5 million. Quarterly non-interest expense rose to $9.6 million from $8.6 million a year earlier, while borrowings increased $34.2 million year over year to $60.7 million.

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0 major · 14 points

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Positive

• Moderate pointThird-quarter net income reached $4.3 million, versus $3.3 million last quarter and $2.9 million a year earlier.
• Moderate pointThird-quarter net interest margin reached 4.11%, versus 4.01% last quarter and 3.66% a year earlier.
• Moderate pointThird-quarter net interest income before provision increased $2.5 million, or 20.1%, year over year.
• Moderate pointLoans reached $1.18 billion, increasing $30.2 million quarterly and $142.0 million year over year.
• Moderate pointDeposits reached $1.26 billion, growing 3.0% quarterly and 0.2% year over year.
• Moderate pointNon-accrual loans fell to $4.2 million, down $3.7 million quarterly and $5.6 million year over year.
• Moderate pointShareholders' equity reached $137.5 million, up 2.0% quarterly and 12.7% year over year.

11 minor points

• Minor pointThird-quarter earnings per share reached $0.75, versus $0.57 last quarter and $0.51 a year earlier.
• Minor pointNine-month net income increased 46.7% to $11.6 million; earnings per share rose 45.7% to $2.01.
• Minor pointThird-quarter loan interest and fees increased 20.6% year over year to $17.8 million.
• Minor pointNine-month net interest income before provision increased $6.6 million, or 18.9%, year over year.
• Minor pointThird-quarter non-interest income reached $1.2 million, up $0.1 million sequentially and $0.3 million year over year.
• Minor pointNon-interest-bearing demand deposits reached $486.5 million, up 1.5% quarterly and 0.9% year over year.
• Minor pointOther interest-bearing deposits reached $604.9 million, up 2.7% quarterly and 1.3% year over year.
• Minor pointCredit-loss allowance coverage increased to 1.21% from 1.19% in the prior quarter.
• Minor pointCredit quality included no other real estate owned and no loans 90 days past due while still accruing.
• Minor pointTangible book value per share increased 12.2% year over year to $23.02.
• Minor pointTangible common equity ratio increased to 9.02% from 8.27% a year earlier.

Negative

• Moderate pointThird-quarter earnings included $477,000 of non-recurring interest recovery; margin excluding it was 4.02%.
• Moderate pointThird-quarter non-interest expense rose to $9.6 million, versus $9.2 million sequentially and $8.6 million a year earlier.
• Moderate pointBorrowings totaled $60.7 million, up $34.2 million year over year despite an $8.0 million quarterly decrease.
• Moderate pointCash and due from banks declined 73% year over year to $34.867 million.
• Moderate pointUninsured deposits, excluding collateralized public agency deposits, were conservatively estimated at $439.6 million, or 34.8%.
• Moderate pointTax-adjusted unrealized securities losses increased 8.7% year over year to $16.0 million, reducing equity.

8 minor points

• Minor pointNine-month non-interest expense increased $2.6 million, or 10.4%, year over year.
• Minor pointThird-quarter interest expense reached $4.7 million, up $0.4 million sequentially versus $4.6 million a year earlier.
• Minor pointThird-quarter borrowing interest expense reached $0.7 million, up $0.2 million quarterly and $0.5 million year over year.
• Minor pointInterest-bearing demand deposits fell 5.1% year over year to $171.8 million, despite 8.1% quarterly growth.
• Minor pointTotal demand deposits declined $5.0 million, or 0.8%, year over year to $658.3 million.
• Minor pointThird-quarter deposit cost reached 1.27%, up 3 basis points quarterly but down 18 basis points year over year.
• Minor pointThird-quarter funding cost reached 1.42%, up 6 basis points quarterly but down 6 basis points year over year.
• Minor pointPrimary liquidity ratio slipped to 11.7% from 11.8% at June 30, 2026.

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SANTA BARBARA, CA / ACCESS Newswire / October 28, 2026 / American Riviera Bancorp ("Company") (OTCQX:ARBV), holding company of American Riviera Bank ("Bank"), announced today unaudited net income of $11.6 million ($2.01 per share) for the nine months ended September 30, 2026, an increase of 46.7% compared to $7.9 million ($1.38 per share) earned in the same reporting period in the previous year.

Unaudited net income was $4.3 million ($0.75 per share) for the three months ended September 30, 2026, compared to $3.3 million ($0.57 per share) in the previous quarter, and $2.9 million ($0.51 per share) earned in the same reporting period in the previous year. Net income pre-tax, pre-provision (non-GAAP) continued to increase, reaching $6.3 million for the three months ended September 30, 2026, compared to $5.4 million in the previous quarter, and $4.7 million in the same reporting period in the previous year. Earnings for the three months ended September 30, 2026, include $477,000 of non-recurring loan interest recovery.

Total deposits were $1.26 billion at September 30, 2026, an increase of $2.5 million or 0.2% from September 30, 2025. Total loans were $1.18 billion at September 30, 2026, an increase of $142.0 million or 13.6% from September 30, 2025. Total deposits grew $36.3 million or 3.0%, and loans grew $30.2 million or 2.6% in the third quarter of 2026.

Jeff DeVine, President and CEO of the Company and the Bank stated, "In our twentieth anniversary year, we are pleased to report record year to date earnings made possible by double digit loan growth in the communities we serve. Over the past year, efforts by our team have increased our loan to deposit ratio from 82.6% to 93.7% while maintaining strong credit quality and underwriting standards."

Financial Highlights

• Unaudited net income and earnings per share have improved 46.7% and 45.7%, respectively, from the first nine months of 2025.
• Return on average assets was 1.10%, return on average equity was 11.57% and efficiency ratio was 62.33% for the first nine months of 2026.
• Total shareholders' equity was $137.5 million at September 30, 2026, an increase of $15.4 million or 12.7% from the same reporting period in the previous year.
• Tangible book value per share was $23.02 at September 30, 2026, an increase of $2.50 or 12.2% from the same reporting period in the previous year.
• The Company's tangible common equity ratio was 9.02% at September 30, 2026, an increase from the 8.27% ratio reported for the same reporting period in the previous year.
• Non-interest-bearing demand deposits were $486.5 million or 38.5% of total deposits at September 30, 2026, and have increased $4.2 million or 0.9% since September 30, 2025.
• Total demand deposits were $658.3 million or 52.1% of total deposits at September 30, 2026, and have decreased $5.0 million or 0.8% since September 30, 2025.
• As a result of the Bank's core funding and relationship-based deposits, cost of deposits was 1.27% for the third quarter of 2026, an improvement of 18 basis points from the 1.45% reported for the same quarter in the previous year. However, cost of deposits has increased 3 basis points from the second quarter of 2026 primarily due to a competitive deposit rate environment.
• Cost of funds was 1.42% for the third quarter of 2026, an improvement of 6 basis points from the 1.48% reported for the same quarter in the previous year. However, cost of funds has increased 6 basis points from the second quarter of 2026 primarily due to increased average short-term borrowings carried to support loan growth.
• Net interest margin ("NIM") increased to 4.11% for the third quarter of 2026, compared to 4.01% in the prior quarter, and has improved 45 basis points from the 3.66% reported for the same quarter in the previous year. NIM has improved as a result of steady loan yield improvement and continued favorable cost of funds.
• On-balance sheet liquidity continues to be substantial with $192.9 million of cash, due from banks, and available-for-sale ("AFS") securities at market value as of September 30, 2026.
• At September 30, 2026, the Bank's commercial real estate ("CRE") portfolio was diverse, with weighted average loan-to-values of 28% to 55% and weighted average debt coverage ratios between 1.49x and 2.45x depending on the individual CRE category as of the most recent CRE stress test in July 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 only $4.2 million or 0.35% of total loans on non-accrual status, which are well supported by collateral, borrower assets, SBA guarantees, or specific reserves.

Third Quarter 2026 Earnings

For the third quarter of 2026, unaudited net income was $4.3 million, compared to $3.3 million reported in the second quarter of 2026, and $2.9 million reported in the third quarter of 2025. The third quarter of 2026 includes $0.5 million of loan interest recovery related to one non-accrual loan that was sold.

Unaudited net income pre-tax, pre-provision (non-GAAP) has increased sequentially over the last five quarters and was $6.3 million in the third quarter of 2026, a $0.9 million or 16.0% increase from the second quarter of 2026, and a $1.8 million or 40.2% increase from the $4.5 million reported in the third quarter of 2025.

The Bank has grown interest and fees on loans sequentially over the last five quarters from $14.8 million in the third quarter of 2025 to $17.8 million in the third quarter of 2026, representing a $3.0 million or 20.6% increase.

Total interest expense has remained stable at $4.7 million in the third quarter of 2026 compared to $4.6 million for the third quarter of 2025. Total interest expense increased $0.4 million from the prior quarter primarily due to increased average short-term borrowings carried to support loan growth.

Net interest income before provision in the third quarter of 2026 increased $2.5 million or 20.1% compared to the third quarter of 2025.

Non-Interest Income and Expense

Total non-interest income was $1.2 million for the third quarter of 2026, an increase of $0.1 million from the prior quarter, and an increase of $0.3 million from the third quarter of 2025. Variances between the quarters can be attributed to Federal Home Loan Bank ("FHLB") dividends, SBA loan sale premiums, mortgage broker fees, loan prepayment fees and gains or losses on sale of securities.

Total non-interest expense was $9.6 million for the third quarter of 2026, an increase from the $9.2 million reported in the prior quarter, and an increase from the $8.6 million reported for the third quarter of 2025. 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 $2.6 million or 10.4% for the first nine months of 2026 versus the first nine months of 2025, while net interest income before provision increased $6.6 million, or 18.9% for the comparison period.

Loans and Asset Quality
Total loans were $1.18 billion at September 30, 2026, an increase of $30.2 million or 2.6% from the prior quarter-end, and an increase of $142.0 million or 13.6% from September 30, 2025.

The Bank's Allowance for Credit Losses ("ACL") was $14.3 million at September 30, 2026, with a resulting coverage ratio of 1.21%, an increase from the prior quarter coverage ratio of 1.19%. As of September 30, 2026, non-accrual loans totaled only $4.2 million, a $3.7 million decrease from the previous quarter-end, and a $5.6 million decrease from the $9.8 million reported at September 30, 2025. 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, 2026, a $36.3 million or 3.0% increase from the prior quarter-end, and an increase of $2.5 million or 0.2% from September 30, 2025. Deposit growth quarter-over-quarter was primarily from core deposits, with only $5.0 million of wholesale brokered deposits accepted at September 30, 2026.

Non-interest-bearing demand deposits totaled $486.5 million at September 30, 2026, an increase of $7.3 million or 1.5% from the prior quarter-end, and an increase of $4.2 million or 0.9% from September 30, 2025.

Interest-bearing demand deposits totaled $171.8 million at September 30, 2026, an increase of $12.9 million or 8.1% from the prior quarter-end, and a decrease of $9.2 million or 5.1% from September 30, 2025. Total demand deposits, including interest-bearing demand, represent 52.1% of total deposits at September 30, 2026, compared to 52.0% at the prior quarter-end, and 52.6% at September 30, 2025.

Other interest-bearing deposits totaled $604.9 million at September 30, 2026, an increase of $16.1 million or 2.7% from the prior quarter-end, and an increase of $7.5 million or 1.3% from September 30, 2025.

The weighted average cost of deposits for the third quarter of 2026 increased 3 basis points to 1.27% from 1.24% for the second quarter of 2026 and decreased 18 basis points from the 1.45% reported for the same quarter of the previous year. The decrease in cost of deposits in the last year was due to the Federal Reserve's three 25 basis point rate cuts in the last four months of 2025 which carried into 2026. The recent increase in cost of deposits is primarily due to a competitive deposit rate environment.

The Company's total borrowings were $60.7 million at September 30, 2026, a decrease of $8.0 million from the prior quarter-end and a $34.2 million increase from September 30, 2025 to support loan growth. At September 30, 2026, the Company had $9.5 million outstanding on a correspondent bank loan at a rate of 3.85%, $16.2 million of subordinated notes outstanding at a rate of 3.75%, and $35.0 million of short-term, one month or less duration advances with a weighted average cost of 4.00%. The weighted average cost on all borrowings for the third quarter of 2026 was 3.85%, resulting in $0.7 million of interest expense on borrowings, an increase of $0.2 million compared to the prior quarter, and an increase of $0.5 million compared to the interest expense on borrowings for the third quarter of 2025.

Due to favorable demand deposit mix and continued focus on maintaining and growing relationships, total cost of funds remained low at 1.42% for the third quarter of 2026, which was 6 basis points higher than the 1.36% reported for the previous quarter, but 6 basis points lower than the 1.48% reported for the third quarter of 2025.

The Company's net interest margin improved to 4.11% for the third quarter of 2026, compared to 4.01% in the prior quarter, and improved a significant 45 basis points from the 3.66% reported for the same quarter of last year as a result of steady loan yield improvement and a decline in total cost of funds. Net interest margin for the third quarter of 2026 adjusted to exclude $477,000 of non-recurring loan interest recovery was 4.02%.

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 11.7% at September 30, 2026, compared to 11.8% at June 30, 2026. As of September 30, 2026, the Bank had $545.0 million of available contingent funding sources.

Overall uninsured deposits, excluding public agency deposits that are collateralized, are conservatively estimated to be $439.6 million, or 34.8% of total deposit balances as of September 30, 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 $137.5 million at September 30, 2026, a $2.7 million or 2.0% increase since June 30, 2026, and an increase of $15.4 million or 12.7% from the same quarter in the previous year. The tax adjusted unrealized loss on securities, which is a component of equity (accumulated other comprehensive income or "AOCI"), was $16.0 million at September 30, 2026, and has increased $1.3 million or 8.7% from September 30, 2025. The Bank fully expects to receive all principal when the securities mature.

As of September 30, 2026, the Company had repurchased a cumulative 130,616 shares of common stock at a weighted average cost of $19.80, leaving $2.4 million available for repurchase under the existing share repurchase program. No shares were repurchased in the quarter ending September 30, 2026.

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 and anticipates opening a full-service branch in early 2027. 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 is rated "Outstanding" by the Federal Deposit Insurance Corporation for its performance under the Community Reinvestment Act. #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
		2026				2025				$ Change				% Change
Assets
Cash & Due From Banks		$	34,867			$	128,753			$	(93,886	)			-73	%
Available-for-sale securities			158,045				164,459				(6,414	)			-4	%
Held-to-maturity securities, net			41,489				41,411				78				0	%
Loans			1,183,819				1,041,839				141,980				14	%
Allowance For Credit Losses			(14,348	)			(12,689	)			(1,659	)			13	%
Net Loans			1,169,471				1,029,150				140,321				14	%
Premise & Equipment			9,780				7,494				2,286				31	%
Operating Lease Right-of-Use Asset			4,663				5,885				(1,222	)			-21	%
Bank Owned Life Insurance			14,474				12,489				1,985				16	%
Stock in Other Banks			7,243				6,786				457				7	%
Goodwill and Other Intangibles			4,887				4,883				4				0	%
Other Assets			30,003				21,142				8,861				42	%
Total Assets		$	1,474,922			$	1,422,452			$	52,470				4	%
Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits		$	486,542			$	482,343			$	4,199				1	%
Interest-bearing Demand Deposits			171,756				180,930				(9,174	)			-5	%
Other Interest-bearing Deposits			604,927				597,454				7,473				1	%
Total Deposits			1,263,225				1,260,727				2,498				0	%
Borrowed Funds			60,650				26,500				34,150				129	%
Allowance for credit losses on off-balance sheet exposures			776				1,215				(439	)			-36	%
Other Liabilities			12,777				11,956				821				7	%
Total Liabilities			1,337,428				1,300,398				37,030				3	%
Common Stock			67,552				68,493				(941	)			-1	%
Retained Earnings			85,936				68,276				17,660				26	%
Other Capital			(15,994	)			(14,715	)			(1,279	)			-9	%
Total Shareholders' Equity			137,494				122,054				15,440				13	%
Total Liabilities & Shareholders' Equity		$	1,474,922			$	1,422,452			$	52,470				4	%

American Riviera Bancorp and Subsidiaries
Balance Sheets (unaudited)
(dollars in thousands)
		September 30,				June 30,				March 31,				December 31,				September 30,
		2026				2026				2026				2025				2025
Assets
Cash & Due From Banks		$	34,867			$	27,964			$	66,678			$	21,395			$	128,753
Available-for-sale securities			158,045				164,117				164,958				169,793				164,459
Held-to-maturity securities			41,489				41,469				41,450				41,430				41,411
Loans			1,183,819				1,153,669				1,099,436				1,081,696				1,041,839
Allowance for Credit Losses			(14,348	)			(13,733	)			(12,712	)			(12,689	)			(12,689	)
Net Loans			1,169,471				1,139,936				1,086,724				1,069,007				1,029,150
Premise & Equipment			9,780				9,972				7,108				7,255				7,494
Operating Lease Right-of-Use Asset			4,663				4,973				5,280				5,584				5,885
Bank Owned Life Insurance			14,474				14,329				14,193				14,051				12,489
Stock in Other Banks			7,243				7,243				6,786				6,786				6,786
Goodwill and Other Intangibles			4,887				4,872				4,873				4,871				4,883
Other Assets			30,003				28,037				25,201				27,117				21,142
Total Assets		$	1,474,922			$	1,442,912			$	1,423,251			$	1,367,289			$	1,422,452
Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits		$	486,542			$	479,267			$	464,816			$	451,721			$	482,343
Interest-bearing Demand Deposits			171,756				158,852				191,756				168,399				180,930
Other Interest-bearing Deposits			604,927				588,826				598,427				579,902				597,454
Total Deposits			1,263,225				1,226,945				1,254,999				1,200,022				1,260,727
Borrowed Funds			60,650				68,650				26,150				26,500				26,500
Allowance for credit losses on off-balance sheet exposures			776				974				974				974				1,215
Other Liabilities			12,777				11,528				9,822				12,123				11,956
Total Liabilities			1,337,428				1,308,097				1,291,945				1,239,619				1,300,398
Common Stock			67,552				67,203				66,858				67,263				68,493
Retained Earnings			85,936				81,617				78,309				74,330				68,276
Other Capital			(15,994	)			(14,005	)			(13,861	)			(13,923	)			(14,715	)
Total Shareholders' Equity			137,494				134,815				131,306				127,670				122,054
Total Liabilities & Shareholders' Equity		$	1,474,922			$	1,442,912			$	1,423,251			$	1,367,289			$	1,422,452

American Riviera Bancorp and Subsidiaries
Average Balance Sheets (unaudited)
(dollars in thousands)
		3Q 2026				2Q 2026				1Q 2026				4Q 2025				3Q 2025
		Average				Average				Average				Average				Average
Assets
Cash & Due From Banks		$	26,844			$	21,423			$	26,222			$	109,112			$	70,822
Available-for-sale securities			162,810				164,624				168,770				166,373				162,709
Held-to-maturity securities			41,475				41,455				41,436				41,416				41,397
Loans			1,173,527				1,121,809				1,089,710				1,055,371				1,031,749
Allowance for Credit Losses			(13,874	)			(12,790	)			(12,690	)			(12,689	)			(12,626	)
Net Loans			1,159,653				1,109,019				1,077,020				1,042,682				1,019,123
Premise & Equipment			9,902				7,154				7,212				7,392				7,666
Operating Lease Right-of-Use Asset			4,861				5,162				5,467				5,762				6,057
Bank Owned Life Insurance			14,424				14,282				14,141				13,762				12,448
Stock in Other Banks			7,243				7,168				6,786				6,786				6,786
Goodwill and Other Intangibles			4,870				4,876				4,870				4,877				4,887
Other Assets			28,052				25,207				25,267				21,352				21,981
Total Assets		$	1,460,134			$	1,400,370			$	1,377,191			$	1,419,514			$	1,353,876
Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits		$	474,956			$	452,972			$	452,958			$	476,473			$	465,622
Interest-bearing Demand Deposits			158,359				158,369				156,074				156,271				150,042
Other Interest-bearing Deposits			600,189				586,709				585,890				621,162				579,637
Total Deposits			1,233,504				1,198,050				1,194,922				1,253,906				1,195,301
Borrowed Funds			75,677				56,876				39,039				26,589				26,674
Allowance for credit losses on off-balance sheet exposures			981				974				974				1,212				1,085
Other Liabilities			12,644				10,747				11,857				13,149				12,052
Total Liabilities			1,322,806				1,266,647				1,246,792				1,294,856				1,235,112
Common Stock			67,405				67,064				67,159				68,695				68,413
Retained Earnings			84,185				80,476				76,468				70,292				67,886
Other Capital			(14,262	)			(13,817	)			(13,228	)			(14,329	)			(17,535	)
Total Shareholders' Equity			137,328				133,723				130,399				124,658				118,764
Total Liabilities & Shareholders' Equity		$	1,460,134			$	1,400,370			$	1,377,191			$	1,419,514			$	1,353,876

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,
		2026				2025				Change				2026				2025				Change
Interest Income
Interest and Fees on Loans		$	17,834			$	14,789				21	%		$	49,673			$	42,655				16	%
Interest on Securities			1,347				1,340				1	%			4,141				4,268				-3	%
Interest on Due From Banks			128				621				-79	%			308				865				-64	%
Total Interest Income			19,309				16,750				15	%			54,122				47,788				13	%
Interest Expense
Interest Expense on Deposits			3,945				4,315				-9	%			11,248				12,002				-6	%
Interest Expense on Borrowings			734				257				186	%			1,648				1,117				48	%
Total Interest Expense			4,679				4,572				2	%			12,896				13,119				-2	%
Net Interest Income			14,630				12,178				20	%			41,226				34,669				19	%
Provision for Credit Losses			616				194				218	%			1,659				1,115				49	%
Provision for Off-Balance Sheet Credit Exposures			(198	)			221				-190	%			(198	)			162				-222	%
Net Interest Income After Provision			14,212				11,763				21	%			39,765				33,392				19	%
Non-Interest Income
Service Charges, Commissions and Fees			768				631				22	%			2,193				1,818				21	%
Other Non-Interest Income			440				289				52	%			1,303				803				62	%
Total Non-Interest Income			1,208				920				31	%			3,496				2,621				33	%
Non-Interest Expense
Salaries and Employee Benefits			6,075				5,467				11	%			17,552				16,115				9	%
Occupancy and Equipment			998				922				8	%			2,842				2,788				2	%
Other Non-Interest Expense			2,501				2,240				12	%			7,479				6,349				18	%
Total Non-Interest Expense			9,574				8,629				11	%			27,873				25,252				10	%
Net Income Before Provision for Taxes			5,846				4,054				44	%			15,388				10,761				43	%
Provision for Taxes			1,528				1,125				36	%			3,807				2,865				33	%
Net Income		$	4,318			$	2,929				47	%		$	11,581			$	7,896				47	%
Shares Outstanding			5,759,589				5,708,960				1	%			5,759,589				5,708,960				1	%
Earnings Per Share - Basic		$	0.75			$	0.51				47	%		$	2.01			$	1.38				46	%
Return on Average Assets			1.17	%			0.85	%			38	%			1.10	%			0.81	%			36	%
Return on Average Equity			12.47	%			9.75	%			28	%			11.57	%			9.13	%			27	%
Net Interest Margin			4.11	%			3.66	%			12	%			4.03	%			3.64	%			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,
		2026				2026				2026				2025				2025
Interest Income
Interest and Fees on Loans		$	17,834			$	16,345			$	15,494			$	15,437			$	14,789
Interest on Securities			1,347				1,394				1,400				1,378				1,340
Interest on Due From Banks			128				68				112				962				621
Total Interest Income			19,309				17,807				17,006				17,777				16,750
Interest Expense
Interest Expense on Deposits			3,945				3,719				3,584				4,282				4,315
Interest Expense on Borrowings			734				540				374				254				257
Total Interest Expense			4,679				4,259				3,958				4,536				4,572
Net Interest Income			14,630				13,548				13,048				13,241				12,178
Provision for Credit Losses			616				1,020				23				-				194
Provision for Off-Balance Sheet Credit Exposures			(198	)			-				-				(240	)			221
Net Interest Income After Provision			14,212				12,528				13,025				13,481				11,763
Non-Interest Income
Service Charges, Commissions and Fees			768				795				630				609				631
Other Non-Interest Income			440				292				571				284				289
Total Non-Interest Income			1,208				1,087				1,201				893				920
Non-Interest Expense
Salaries and Employee Benefits			6,075				5,670				5,807				5,744				5,467
Occupancy and Equipment			998				914				930				917				922
Other Non-Interest Expense			2,501				2,653				2,325				2,393				2,240
Total Non-Interest Expense			9,574				9,237				9,062				9,054				8,629
Net Income Before Provision for Taxes			5,846				4,378				5,164				5,320				4,054
Provision for Taxes			1,528				1,070				1,209				772				1,125
Net Income		$	4,318			$	3,308			$	3,955			$	4,548			$	2,929
Shares Outstanding			5,759,589				5,759,969				5,750,168				5,713,022				5,708,960
Earnings Per Share - Basic		$	0.75			$	0.57			$	0.69			$	0.80			$	0.51
Net Income pre-tax, pre-provision (Non-GAAP)		$	6,264			$	5,398			$	5,187			$	5,080			$	4,469

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,
		2026				2026				2026				2025				2025
Income and performance ratios:
Net Income		$	4,318			$	3,308			$	3,955			$	4,549			$	2,929
Earnings per share - basic			0.75				0.57				0.69				0.80				0.51
Return on average assets			1.17	%			0.95	%			1.16	%			1.27	%			0.85	%
Return on average equity			12.47	%			9.92	%			12.30	%			14.48	%			9.75	%
Return on average tangible common equity			12.92	%			10.29	%			12.77	%			15.06	%			10.22	%
Loan yield			6.03	%			5.84	%			5.77	%			5.80	%			5.69	%
Cost of funds			1.42	%			1.36	%			1.30	%			1.41	%			1.48	%
Cost of deposits			1.27	%			1.24	%			1.22	%			1.29	%			1.45	%
Net interest margin			4.11	%			4.01	%			3.97	%			3.81	%			3.66	%
Efficiency ratio (b)			60.45	%			63.12	%			63.60	%			64.05	%			65.89	%
Balance Sheet ratios:
Loan-to-deposit ratio			93.71	%			94.03	%			87.60	%			90.14	%			82.64	%
Non-interest-bearing deposits / total deposits			38.52	%			39.06	%			37.04	%			37.64	%			38.26	%
Demand deposits / total deposits			52.11	%			52.01	%			52.32	%			51.68	%			52.61	%
Asset quality:
Allowance for credit losses		$	14,348			$	13,733			$	12,712			$	12,689			$	12,689
Nonperforming assets			4,196				7,888				8,013				8,116				9,803
Allowance for credit losses / total loans and leases			1.21	%			1.19	%			1.16	%			1.17	%			1.22	%
Net charge-offs / average loans and leases (annualized)			0.00	%			0.00	%			0.00	%			0.00	%			0.00	%
Texas ratio (a)			3.55	%			6.78	%			7.04	%			7.37	%			9.38	%
Capital ratios (c):
Community bank leverage ratio (Bank)			11.13	%			11.25	%			11.16	%			10.55	%			10.69	%
Tangible common equity ratio (Company)			9.02	%			9.04	%			8.91	%			9.01	%			8.27	%
Equity and share related:
Common equity		$	137,494			$	134,815			$	131,306			$	127,670			$	122,054
Book value per share			23.87				23.41				22.84				22.35				21.38
Tangible book value per share			23.02				22.56				21.99				21.49				20.52
Tangible book value per share, excluding AOCI (d)			25.80				24.99				24.40				23.93				23.10
Stock closing price per share			28.65				25.60				23.60				23.90				21.99
Number of shares issued and outstanding			5,759.59				5,759.97				5,750.17				5,713.02				5,708.96

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were American Riviera Bancorp's third-quarter 2026 earnings?

American Riviera Bancorp earned $4.3 million, or $0.75 per share, in the third quarter of 2026. That compares with $3.3 million, or $0.57 per share, in the preceding quarter and $2.9 million, or $0.51 per share, a year earlier. Results included $477,000 of non-recurring loan interest recovery.

What borrowings did American Riviera Bancorp have at September 30, 2026?

Borrowings comprised a $9.5 million correspondent bank loan at 3.85%, $16.2 million of subordinated notes at 3.75%, and $35.0 million of advances with durations of one month or less and a weighted average cost of 4.00%. The weighted average cost of all borrowings for the third quarter was 3.85%.

What liquidity sources did American Riviera Bank have at September 30, 2026?

American Riviera Bank had $192.9 million in cash, amounts due from banks and available-for-sale securities at market value, plus $545.0 million of available contingent funding sources. Its primary liquidity ratio, which measures cash, deposits at other banks and unpledged available-for-sale securities relative to total assets, was 11.7%.

How much remained under American Riviera Bancorp's share repurchase program?

American Riviera Bancorp had $2.4 million remaining under its existing share repurchase program at September 30, 2026. Cumulative repurchases totaled 130,616 common shares at a weighted average cost of $19.80. No shares were repurchased during the third quarter of 2026.