American Riviera Bank Announces Results for the Second Quarter of 2026

Rhea-AI Summary

American Riviera Bancorp (OTCQX: ARBV) reported unaudited net income of $7.3 million ($1.26/share) for the six months ended June 30, 2026, up 46.2% year-over-year. Second-quarter 2026 net income was $3.3 million ($0.57/share), down from $4.0 million in Q1 2026 but up from $2.6 million a year earlier.

Net interest margin rose to 4.01% in Q2 2026 from 3.97% in Q1 and 3.65% a year ago. Total loans reached $1.15 billion, up 13.1% year-over-year and 4.9% quarter-over-quarter, prompting a $1.0 million provision to keep the allowance at 1.19% of loans. Deposits were $1.23 billion, up 8.4% year-over-year but down 2.2% sequentially, with non-interest-bearing demand deposits at $479.3 million (39.1% of deposits).

Return on average assets was 1.05%, return on average equity 11.09%, and the efficiency ratio 63.35% for the first half of 2026. Shareholders' equity rose to $134.8 million, up 14.6% year-over-year, and tangible book value per share increased 16.3% to $22.56. Credit quality metrics remained strong, with non-accrual loans at $7.9 million (0.69% of loans) and no loans 90 days past due and accruing.

Positive

• Six-month net income $7.3 million, up 46.2% year-over-year
• Net interest margin 4.01% in Q2 2026, up 36 bps year-over-year
• Total loans $1.15 billion, up 13.1% year-over-year and 4.9% QoQ
• Total deposits $1.23 billion, up 8.4% year-over-year, no brokered funds
• Shareholders' equity $134.8 million, up 14.6% year-over-year
• Tangible book value per share $22.56, up 16.3% year-over-year

Negative

• Q2 2026 net income $3.3 million, down from $4.0 million in Q1 2026
• Provision for credit losses $1.0 million added in Q2 2026 due to loan growth
• Total deposits down $28.1 million or 2.2% quarter-over-quarter
• Total borrowings $68.7 million, up $42.5 million from prior quarter-end
• Primary liquidity ratio 11.8% at June 30, 2026, down from 14.7% at March 31, 2026
• Non-interest expense up 10.1% for first six months versus prior-year period

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SANTA BARBARA, CA / ACCESS Newswire / July 22, 2026 / American Riviera Bancorp ("Company") (OTCQX:ARBV), holding company of American Riviera Bank ("Bank"), announced today unaudited net income of $7.3 million ($1.26 per share) for the six months ended June 30, 2026, an increase of 46.2% compared to $5.0 million ($0.86 per share) earned in the same reporting period in the previous year.

Unaudited net income was $3.3 million ($0.57 per share) for the three months ended June 30, 2026, compared to $4.0 million ($0.69 per share) in the previous quarter, and $2.6 million ($0.46 per share) earned in the same reporting period in the previous year. Net income pre-tax, pre-provision (non-GAAP) continued to increase, reaching $5.4 million for the three months ended June 30, 2026, compared to $5.2 million in the previous quarter, and $4.0 million in the same reporting period in the previous year.

Total deposits were $1.23 billion at June 30, 2026, an increase of $95.5 million or 8.4% from June 30, 2025. Total loans were $1.15 billion at June 30, 2026, an increase of $133.4 million or 13.1% from June 30, 2025. Total loans grew $72.0 million or 6.7% in the first half of 2026. Significant loan growth of $54.2 million in the most recent quarter necessitated a $1.0 million loan loss provision to maintain an appropriate allowance to total loans of 1.19% at June 30, 2026.

Jeff DeVine, President and CEO of the Company and the Bank stated, "American Riviera Bank recently celebrated our twenty-year business anniversary. Our vibrant Central Coast economy has made it possible for the Bank to significantly grow loans and substantially improve profitability over the prior year to date. We have our loyal clients, knowledgeable bankers and community to thank for this longevity and success."

Financial Highlights

• Unaudited net income and earnings per share have improved 46.2% and 46.5%, respectively, from the first six months of 2025.

• Return on average assets was 1.05%, return on average equity was 11.09% and efficiency ratio was 63.35% for the first six months of 2026.

• Total shareholders' equity was $134.8 million at June 30, 2026, an increase of $17.2 million or 14.6% from the same reporting period in the previous year.

• Tangible book value per share was $22.56 at June 30, 2026, an increase of $3.16 or 16.3% from the same reporting period in the previous year.

• The Company's tangible common equity ratio was 9.04% at June 30, 2026, compared to 8.70% at June 30, 2025. Strong earnings and improvement in the market value of the securities portfolio were partially offset by cumulative share repurchases since June 30, 2025 totaling $2.0 million and the impact of 11.0% asset growth over the previous year.

• Non-interest-bearing demand deposits were $479.3 million or 39.1% of total deposits at June 30, 2026, and have increased $31.7 million or 7.1% since June 30, 2025.

• Total demand deposits were $638.1 million or 52.0% of total deposits at June 30, 2026, and have increased $56.0 million or 9.6% since June 30, 2025.

• As a result of the Bank's core funding and relationship-based deposits, the cost of deposits and total cost of funds were 1.24% and 1.36%, respectively, for the second quarter of 2026. Total cost of funds has improved by 14 basis points from the 1.50% reported for the same quarter in the previous year.

• Net interest margin ("NIM") increased to 4.01% for the second quarter of 2026, compared to 3.97% in the prior quarter, and has improved 36 basis points from the 3.65% reported for the same quarter in the previous year. NIM has improved as a result of steady loan yield improvement and continued low cost of funds.

• On-balance sheet liquidity continues to be substantial with $192.1 million of cash, due from banks, and available-for-sale ("AFS") securities at market value as of June 30, 2026.

• At June 30, 2026, the Bank's commercial real estate ("CRE") portfolio was diverse, with weighted average loan-to-values of 28% to 52% and weighted average debt coverage ratios between 1.85x and 3.10x depending on the individual CRE category as of the most recent CRE stress test in January 2026.

• The Bank maintained strong credit quality with no other real estate owned, no loans 90 days or more past due and still accruing, and $7.9 million or 0.69% of total loans on non-accrual status, which are well supported by collateral, borrower assets, SBA guarantees, or specific reserves.

Second Quarter 2026 Earnings

For the second quarter of 2026, unaudited net income was $3.3 million, compared to $4.0 million reported in the first quarter of 2026, and $2.6 million reported in the second quarter of 2025. The decline in unaudited net income for the second quarter of 2026 was primarily due to an additional $1.0 million provision for credit losses due to significant loan growth in the quarter.

Unaudited net income pre-tax, pre-provision (non-GAAP) has increased sequentially over the last five quarters and was $5.4 million in the second quarter of 2026, a $0.2 million or 4.1% increase from the first quarter of 2026, and a $1.4 million or 34.4% increase from the $4.0 million reported in the second quarter of 2025.

The Bank has grown interest and fees on loans sequentially over the last five quarters from $14.2 million in the second quarter of 2025 to $16.3 million in the second quarter of 2026, representing a $2.1 million or 15.4% increase.

Total interest expense has remained stable at $4.3 million in the second quarter of 2026 and the second quarter of 2025, even though deposits have grown $95.5 million or 8.4% since the second quarter of 2025. Total interest expense has increased from the prior quarter due to increased borrowings to support loan growth.

Net interest income before provision in the second quarter of 2026 increased $2.2 million or 19.1% compared to the second quarter of 2025.

Non-Interest Income and Expense

Total non-interest income was $1.1 million for the second quarter of 2026, a decrease of $0.1 million from the prior quarter, and an increase of $0.2 million from the second quarter of the previous year. Variances between the quarters can be attributed to Federal Home Loan Bank ("FHLB") dividends, SBA loan sale premiums, mortgage broker fees, loan interest rate swap fees, loan prepayment fees and gains or losses on sale of securities.

Total non-interest expense was $9.2 million for the second quarter of 2026, an increase from $9.1 million from the prior quarter, and an increase from the $8.3 million reported for the same quarter in the previous year. Variances between the quarters can be attributed to changes in staffing, bonus accrual adjustments, operating losses and recoveries, and the timing of expenses related to advertising and events. The Company has significantly improved operating leverage with total non-interest expense up only $1.7 million or 10.1% for the first six months of 2026 versus the first six months of 2025, while net interest income before provision increased $4.1 million, or 18.3% for the comparison period.

Loans and Asset Quality
Total loans were $1.15 billion at June 30, 2026, an increase of $54.2 million or 4.9% from the prior quarter-end, and an increase of $133.4 million or 13.1% from June 30, 2025. The Bank's Allowance for Credit Losses ("ACL") was $13.7 million at June 30, 2026, with a resulting coverage ratio of 1.19%, an increase from the prior quarter of 1.16%. As of June 30, 2026, non-accrual loans totaled $7.9 million, a $0.1 million decrease from the previous quarter-end, and a $0.5 million decrease from the $8.4 million reported at June 30, 2025. All loans on non-accrual are well supported by collateral, borrower assets, SBA guarantees, or specific reserves.

Deposits & Borrowings

Total deposits were $1.23 billion at June 30, 2026, a $28.1 million or 2.2% decrease from the prior quarter-end, and an increase of $95.5 million or 8.4% from June 30, 2025. Deposit growth year-over-year was represented by core deposits, with no wholesale brokered funds at June 30, 2026.

Non-interest-bearing demand deposits totaled $479.3 million at June 30, 2026, an increase of $14.5 million or 3.1% from the prior quarter-end, and an increase of $31.7 million or 7.1% from June 30, 2025.

Interest-bearing demand deposits totaled $158.9 million at June 30, 2026, a decrease of $32.9 million or 17.2% from the prior quarter-end, and an increase of $24.3 million or 18.1% from June 30, 2025. Total demand deposits, including interest-bearing demand, represent 52.0% of total deposits at June 30, 2026, compared to 52.3% at the prior quarter-end, and 51.4% at June 30, 2025.

Other interest-bearing deposits totaled $588.8 million at June 30, 2026, a decrease of $9.6 million or 1.6% from the prior quarter-end, and an increase of $39.4 million or 7.2% from June 30, 2025.

The weighted average cost of deposits for the second quarter of 2026 increased 2 basis points to 1.24% from 1.22% for the first quarter of 2026 and decreased 15 basis points from the 1.39% reported for the same quarter of the previous year. The decrease in cost of deposits in the last year was due to significant growth in demand deposits, and the Federal Reserve's three 25 basis point rate cuts in the last four months of 2025.

The Company's total borrowings were $68.7 million at June 30, 2026, an increase of $42.5 million from the prior quarter-end and a $30.2 million increase from June 30, 2025. At June 30, 2026, the Company had $9.5 million outstanding on a correspondent loan at a rate of 3.85%, $16.2 million of subordinated notes outstanding at a rate of 3.75%, and $43.0 million of short-term, one month or less duration advances with a weighted average cost of 3.75%. The weighted average cost on all borrowings for the second quarter of 2026 was 3.81%, resulting in $0.5 million of interest expense on borrowings, an increase of $0.1 million compared to the prior quarter, and equal to the interest expense on borrowings for the second quarter of 2025.

Due to significant demand deposits balances and continued focus on maintaining and growing relationships, total cost of funds remained low at 1.36% for the second quarter of 2026, which was 6 basis points higher than the 1.30% reported for the previous quarter, but 14 basis points lower than the 1.50% reported for the same quarter of the previous year.

The Company's net interest margin improved to 4.01% for the second quarter of 2026, compared to 3.97% in the prior quarter, and improved a significant 36 basis points from the 3.65% reported for the same quarter of last year as a result of steady loan yield improvement and a decline in total cost of funds for the comparison period.

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 11.8% at June 30, 2026, compared to 14.7% at March 31, 2026. As of June 30, 2026, the Bank had available and unused, secured borrowing capacity with the FHLB of $403.7 million, and had available and unused, secured borrowing capacity with the Federal Reserve of $6.5 million. In addition, the Bank had $144.3 million of unused Fed funds lines of credit with correspondent banks at June 30, 2026. Available contingent funding sources of $554.5 million remain robust.

Overall uninsured deposits, excluding public agency deposits that are collateralized, are conservatively estimated to be $430.4 million, or 35.1% of total deposit balances as of June 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 $134.8 million at June 30, 2026, a $3.5 million or 2.7% increase since March 31, 2026, and an increase of $17.2 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"), was $14.0 million at June 30, 2026, and improved $3.9 million or 22.0% from June 30, 2025. The Bank fully expects to receive all principal when the investments mature.

As of June 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 share repurchase program. No shares were repurchased in the quarter ending June 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. 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. 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)

		June 30,				June 30,				One Year				One Year
		2026				2025				$ Change				% Change
Assets
Cash & Due From Banks		$	27,964			$	28,111			$	(147	)			-1	%
Available-for-sale securities			164,117				162,089				2,028				1	%
Held-to-maturity securities, net			41,469				41,392				77				0	%
Loans			1,153,669				1,020,261				133,408				13	%
Allowance For Credit Losses			(13,733	)			(12,496	)			(1,237	)			10	%
Net Loans			1,139,936				1,007,765				132,171				13	%
Premise & Equipment			9,972				7,773				2,199				28	%
Operating Lease Right-of-Use Asset			4,973				6,184				(1,211	)			-20	%
Bank Owned Life Insurance			14,329				12,370				1,959				16	%
Stock in Other Banks			7,243				6,786				457				-
Goodwill and Other Intangibles			4,872				4,889				(17	)			0	%
Other Assets			28,037				23,086				4,951				21	%
Total Assets		$	1,442,912			$	1,300,445			$	142,467				11	%
Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits		$	479,267			$	447,534			$	31,733				7	%
Interest-bearing Demand Deposits			158,852				134,538				24,314				18	%
Other Interest-bearing Deposits			588,826				549,404				39,422				7	%
Total Deposits			1,226,945				1,131,476				95,469				8	%
Borrowed Funds			68,650				38,500				30,150				78	%
Allowance for credit losses on off-balance sheet exposures			974				993				(19	)			-2	%
Other Liabilities			11,528				11,865				(337	)			-3	%
Total Liabilities			1,308,097				1,182,834				125,263				11	%
Common Stock			67,203				67,914				(711	)			-1	%
Retained Earnings			81,617				67,645				13,972				21	%
Other Capital			(14,005	)			(17,948	)			3,943				22	%
Total Shareholders' Equity			134,815				117,611				17,204				15	%
Total Liabilities & Shareholders' Equity		$	1,442,912			$	1,300,445			$	142,467				11	%

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

		June 30,				March 31,				December 31,				September 30,				June 30,
		2026				2026				2025				2025				2025
Assets
Cash & Due From Banks		$	27,964			$	66,678			$	21,395			$	128,753			$	28,111
Available-for-sale securities			164,117				164,958				169,793				164,459				162,089
Held-to-maturity securities			41,469				41,450				41,430				41,411				41,392
Loans			1,153,669				1,099,436				1,081,696				1,041,839				1,020,261
Allowance for Credit Losses			(13,733	)			(12,712	)			(12,689	)			(12,689	)			(12,496	)
Net Loans			1,139,936				1,086,724				1,069,007				1,029,150				1,007,765
Premise & Equipment			9,972				7,108				7,255				7,494				7,773
Operating Lease Right-of-Use Asset			4,973				5,280				5,584				5,885				6,184
Bank Owned Life Insurance			14,329				14,193				14,051				12,489				12,370
Stock in Other Banks			7,243				6,786				6,786				6,786				6,786
Goodwill and Other Intangibles			4,872				4,873				4,871				4,883				4,889
Other Assets			28,037				25,201				27,117				21,142				23,086
Total Assets		$	1,442,912			$	1,423,251			$	1,367,289			$	1,422,452			$	1,300,445
Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits		$	479,267			$	464,816			$	451,721			$	482,343			$	447,534
Interest-bearing Demand Deposits			158,852				191,756				168,399				180,930				134,538
Other Interest-bearing Deposits			588,826				598,427				579,902				597,454				549,404
Total Deposits			1,226,945				1,254,999				1,200,022				1,260,727				1,131,476
Borrowed Funds			68,650				26,150				26,500				26,500				38,500
Allowance for credit losses on off-balance sheet exposures			974				974				974				1,215				993
Other Liabilities			11,528				9,822				12,123				11,956				11,865
Total Liabilities			1,308,097				1,291,945				1,239,619				1,300,398				1,182,834
Common Stock			67,203				66,858				67,263				68,493				67,914
Retained Earnings			81,617				78,309				74,330				68,276				67,645
Other Capital			(14,005	)			(13,861	)			(13,923	)			(14,715	)			(17,948	)
Total Shareholders' Equity			134,815				131,306				127,670				122,054				117,611
Total Liabilities & Shareholders' Equity		$	1,442,912			$	1,423,251			$	1,367,289			$	1,422,452			$	1,300,445

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

		2Q 2026				1Q 2026				4Q 2025				3Q 2025				2Q 2025
		Average				Average				Average				Average				Average
Assets
Cash & Due From Banks		$	21,423			$	26,222			$	109,112			$	70,822			$	21,159
Available-for-sale securities			164,624				168,770				166,373				162,709				166,833
Held-to-maturity securities			41,455				41,436				41,416				41,397				41,414
Loans			1,121,809				1,089,710				1,055,371				1,031,749				1,007,429
Allowance for Credit Losses			(12,790	)			(12,690	)			(12,689	)			(12,626	)			(12,010	)
Net Loans			1,109,019				1,077,020				1,042,682				1,019,123				995,419
Premise & Equipment			7,154				7,212				7,392				7,666				7,910
Operating Lease Right-of-Use Asset			5,162				5,467				5,762				6,057				4,636
Bank Owned Life Insurance			14,282				14,141				13,762				12,448				12,330
Stock in Other Banks			7,168				6,786				6,786				6,786				6,786
Goodwill and Other Intangibles			4,876				4,870				4,877				4,887				4,894
Other Assets			25,207				25,267				21,352				21,981				20,943
Total Assets		$	1,400,370			$	1,377,191			$	1,419,514			$	1,353,876			$	1,282,324
Liabilities & Shareholders' Equity
Non-interest-bearing Demand Deposits		$	452,972			$	452,958			$	476,473			$	465,622			$	433,652
Interest-bearing Demand Deposits			158,369				156,074				156,271				150,042				120,062
Other Interest-bearing Deposits			586,709				585,890				621,162				579,637				554,088
Total Deposits			1,198,050				1,194,922				1,253,906				1,195,301				1,107,802
Borrowed Funds			56,876				39,039				26,589				26,674				47,231
Allowance for credit losses on off-balance sheet exposures			974				974				1,212				1,085				1,092
Other Liabilities			10,747				11,857				13,149				12,052				10,208
Total Liabilities			1,266,647				1,246,792				1,294,856				1,235,112				1,166,333
Common Stock			67,064				67,159				68,695				68,413				68,092
Retained Earnings			80,476				76,468				70,292				67,886				66,288
Other Capital			(13,817	)			(13,228	)			(14,329	)			(17,535	)			(18,389	)
Total Shareholders' Equity			133,723				130,399				124,658				118,764				115,991
Total Liabilities & Shareholders' Equity		$	1,400,370			$	1,377,191			$	1,419,514			$	1,353,876			$	1,282,324

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

		Quarter Ended												Six Months Ended
		June 30,				June 30,								June 30,				June 30,
		2026				2025				Change				2026				2025				Change
Interest Income
Interest and Fees on Loans		$	16,345			$	14,168				15	%		$	31,839			$	27,866				14	%
Interest on Securities			1,394				1,439				-3	%			2,794				2,928				-5	%
Interest on Due From Banks			68				82				-17	%			180				244				-26	%
Total Interest Income			17,807				15,689				13	%			34,813				31,038				12	%
Interest Expense
Interest Expense on Deposits			3,719				3,822				-3	%			7,303				7,687				-5	%
Interest Expense on Borrowings			540				487				11	%			914				860				6	%
Total Interest Expense			4,259				4,309				-1	%			8,217				8,547				-4	%
Net Interest Income			13,548				11,380				19	%			26,596				22,491				18	%
Provision for Credit Losses			1,020				634				61	%			1,043				921				13	%
Provision for Off-Balance Sheet Credit Exposures			-				(133	)			-100	%			-				(59	)			-100	%
Net Interest Income After Provision			12,528				10,879				15	%			25,553				21,629				18	%
Non-Interest Income
Service Charges, Commissions and Fees			795				639				24	%			1,425				1,187				20	%
Other Non-Interest Income			292				247				18	%			863				514				68	%
Total Non-Interest Income			1,087				886				23	%			2,288				1,701				35	%
Non-Interest Expense
Salaries and Employee Benefits			5,670				5,250				8	%			11,477				10,648				8	%
Occupancy and Equipment			914				929				-2	%			1,844				1,866				-1	%
Other Non-Interest Expense			2,653				2,072				28	%			4,978				4,109				21	%
Total Non-Interest Expense			9,237				8,251				12	%			18,299				16,623				10	%
Net Income Before Provision for Taxes			4,378				3,514				25	%			9,542				6,707				42	%
Provision for Taxes			1,070				870				23	%			2,279				1,740				31	%
Net Income		$	3,308			$	2,644				25	%		$	7,263			$	4,967				46	%
Shares Outstanding			5,759,969				5,810,042				-1	%			5,759,969				5,810,042				-1	%
Earnings Per Share - Basic		$	0.57			$	0.46				24	%		$	1.26			$	0.86				47	%
Return on Average Assets			0.95	%			0.83	%			14	%			1.05	%			0.78	%			35	%
Return on Average Equity			9.92	%			9.14	%			9	%			11.09	%			8.74	%			27	%
Net Interest Margin			4.01	%			3.65	%			10	%			3.99	%			3.63	%			10	%

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

		Three Months Ended
		June, 30				March 31,				December 31,				September 30,				June 30,
		2026				2026				2025				2025				2025
Interest Income
Interest and Fees on Loans		$	16,345			$	15,494			$	15,437			$	14,789			$	14,168
Interest on Securities			1,394				1,400				1,378				1,340				1,439
Interest on Due From Banks			68				112				962				621				82
Total Interest Income			17,807				17,006				17,777				16,750				15,689
Interest Expense
Interest Expense on Deposits			3,719				3,584				4,282				4,315				3,822
Interest Expense on Borrowings			540				374				254				257				487
Total Interest Expense			4,259				3,958				4,536				4,572				4,309
Net Interest Income			13,548				13,048				13,241				12,178				11,380
Provision for Credit Losses			1,020				23				-				194				634
Provision for Off-Balance Sheet Credit Exposures			-				-				(240	)			221				(133	)
Net Interest Income After Provision			12,528				13,025				13,481				11,763				10,879
Non-Interest Income
Service Charges, Commissions and Fees			795				630				609				631				639
Other Non-Interest Income			292				571				284				289				247
Total Non-Interest Income			1,087				1,201				893				920				886
Non-Interest Expense
Salaries and Employee Benefits			5,670				5,807				5,744				5,467				5,250
Occupancy and Equipment			914				930				917				922				929
Other Non-Interest Expense			2,653				2,325				2,393				2,240				2,072
Total Non-Interest Expense			9,237				9,062				9,054				8,629				8,251
Net Income Before Provision for Taxes			4,378				5,164				5,320				4,054				3,514
Provision for Taxes			1,070				1,209				772				1,125				870
Net Income		$	3,308			$	3,955			$	4,548			$	2,929			$	2,644
Shares Outstanding			5,759,969				5,750,168				5,713,022				5,708,960				5,810,042
Earnings Per Share - Basic		$	0.57			$	0.69			$	0.80			$	0.51			$	0.46
Net Income pre-tax, pre-provision (Non-GAAP)		$	5,398			$	5,187			$	5,080			$	4,469			$	4,015

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

		At or for the Three Months Ended
		June 30,				March 31,				December 31,				September 30,				June 30,
		2026				2026				2025				2025				2025
Income and performance ratios:
Net Income		$	3,308			$	3,955			$	4,549			$	2,929			$	2,644
Earnings per share - basic			0.57				0.69				0.80				0.51				0.46
Return on average assets			0.95	%			1.16	%			1.27	%			0.85	%			0.83	%
Return on average equity			9.92	%			12.30	%			14.48	%			9.75	%			9.14	%
Return on tangible common equity			10.29	%			12.77	%			15.06	%			10.22	%			9.54	%
Loan yield			5.84	%			5.77	%			5.80	%			5.69	%			5.64	%
Cost of funds			1.36	%			1.30	%			1.41	%			1.48	%			1.50	%
Cost of deposits			1.24	%			1.22	%			1.29	%			1.45	%			1.39	%
Net interest margin			4.01	%			3.97	%			3.81	%			3.66	%			3.65	%
Efficiency ratio (b)			63.12	%			63.60	%			64.05	%			65.89	%			67.26	%
Balance Sheet ratios:
Loan-to-deposit ratio			94.03	%			87.60	%			90.14	%			82.64	%			90.17	%
Non-interest-bearing deposits / total deposits			39.06	%			37.04	%			37.64	%			38.26	%			39.55	%
Demand deposits / total deposits			52.01	%			52.32	%			51.68	%			52.61	%			51.44	%
Asset quality:
Allowance for credit losses		$	13,733			$	12,712			$	12,689			$	12,689			$	12,496
Nonperforming assets			7,888				8,013				8,116				9,803				8,442
Allowance for credit losses / total loans and leases			1.19	%			1.16	%			1.17	%			1.22	%			1.22	%
Net charge-offs / average loans and leases (annualized)			0.00	%			0.00	%			0.00	%			0.00	%			0.00	%
Texas ratio (a)			6.78	%			7.04	%			7.37	%			9.38	%			8.42	%
Capital ratios for American Riviera Bank (c):
Tier 1 risk-based capital			12.40	%			12.69	%			12.54	%			12.56	%			13.39	%
Total risk-based capital			13.56	%			13.82	%			13.68	%			13.77	%			14.59	%
Tier 1 leverage ratio			11.25	%			11.16	%			10.55	%			10.69	%			11.78	%
Capital ratios for American Riviera Bancorp (c):
Tier 1 risk-based capital			11.36	%			11.63	%			11.48	%			11.49	%			11.61	%
Total risk-based capital			13.72	%			14.02	%			13.93	%			14.03	%			14.19	%
Tier 1 leverage ratio			10.32	%			10.22	%			9.66	%			9.78	%			10.16	%
Tangible common equity ratio			9.04	%			8.91	%			9.01	%			8.27	%			8.70	%
Equity and share related:
Common equity		$	134,815			$	131,306			$	127,670			$	122,054			$	117,611
Book value per share			23.41				22.84				22.35				21.38				20.24
Tangible book value per share			22.56				21.99				21.49				20.52				19.40
Tangible book value per share, excluding AOCI (d)			24.99				24.40				23.93				23.10				22.49
Stock closing price per share			25.60				23.60				23.90				21.99				19.27
Number of shares issued and outstanding			5,759.97				5,750.17				5,713.02				5,708.96				5,810.04
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

How did American Riviera Bancorp (OTCQX: ARBV) perform financially in Q2 2026?

American Riviera Bancorp reported Q2 2026 unaudited net income of $3.3 million ($0.57 per share). According to the company, this compares with $4.0 million in Q1 2026 and $2.6 million in Q2 2025, reflecting strong year-over-year growth but a sequential decline.

What were ARBV's loan growth and net interest margin in the second quarter of 2026?

In Q2 2026, American Riviera Bancorp’s loans reached $1.15 billion, up 13.1% year-over-year and 4.9% quarter-over-quarter. According to the company, net interest margin improved to 4.01%, compared with 3.97% in Q1 2026 and 3.65% in Q2 2025.

How strong was American Riviera Bank's asset quality as of June 30, 2026 (ARBV)?

As of June 30, 2026, American Riviera Bank reported non-accrual loans of $7.9 million, or 0.69% of total loans. According to the company, there were no loans 90 days or more past due and accruing, and all non-accrual loans were well supported by collateral or guarantees.

What were American Riviera Bancorp's capital levels and tangible book value per share in mid-2026 (ARBV)?

At June 30, 2026, American Riviera Bancorp’s shareholders’ equity was $134.8 million, up 14.6% year-over-year. According to the company, tangible book value per share was $22.56, an increase of $3.16 or 16.3% from the same date in 2025, with a 9.04% tangible common equity ratio.

How did deposits and funding costs trend for American Riviera Bancorp in Q2 2026 (ARBV)?

Total deposits were $1.23 billion at June 30, 2026, up 8.4% year-over-year but down 2.2% from Q1. According to the company, the weighted average cost of deposits was 1.24%, while total cost of funds was 1.36% in the second quarter.

Did American Riviera Bancorp (ARBV) repurchase shares in Q2 2026, and what remains under its program?

American Riviera Bancorp did not repurchase any shares in the quarter ended June 30, 2026. According to the company, it had cumulatively repurchased 130,616 shares at an average cost of $19.80, leaving $2.4 million available under its share repurchase program.

What were American Riviera Bancorp's returns on assets and equity for the first half of 2026 (ARBV)?

For the six months ended June 30, 2026, return on average assets was 1.05% and return on average equity was 11.09%. According to the company, the efficiency ratio for the same period was 63.35%, reflecting improved profitability versus the prior year-to-date period.