Welcome to our dedicated page for American Riviera news (Ticker: ARBV), a resource for investors and traders seeking the latest updates and insights on American Riviera stock.
American Riviera Bancorp (OTCQX: ARBV), the bank holding company for American Riviera Bank, regularly publishes news and updates related to its community banking activities on the Central Coast of California. News coverage for ARBV often centers on financial results, capital actions, and developments in the Bank’s branch network and lending activities.
Investors following ARBV news can review quarterly and annual earnings releases that discuss unaudited net income, net interest income, loan and deposit growth, and key performance ratios such as return on average assets, return on average equity, efficiency ratio, and net interest margin. These releases also provide detail on asset quality, including non-accrual loans, allowance for credit losses, and the composition of the commercial real estate portfolio.
Company announcements also address funding and capital topics. Examples include disclosures about core deposit growth, the absence of wholesale-funded certificates of deposit in certain periods, and the mix of non-interest-bearing and interest-bearing demand deposits. News items have described a subordinated note offering structured to qualify as Tier 2 capital, as well as a Board-authorized share repurchase program and subsequent repurchases of common stock under that program.
Other ARBV news items highlight corporate milestones and recognitions. These include the completion of the holding company reorganization that created American Riviera Bancorp, changes in Board leadership associated with succession planning, and third-party acknowledgments such as ratings from the Findley Reports, Bauer Financial, FDIC Community Reinvestment Act evaluations, inclusion in the "OTCQX Best 50" list, and recognition by S&P Global as a Top 100 Small US Community Bank Deposit Franchise as of a specified date. Updates on branch expansion, such as the opening of new branches or loan production offices in Central Coast markets, are also part of the Company’s news flow.
By reviewing the ARBV news feed, readers can see how American Riviera Bancorp describes its financial performance, capital management, regulatory evaluations, and regional community banking activities over time.
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American Riviera Bancorp (OTCQX: ARBV) reported unaudited net income of $13.5 million ($2.37 per share) for the year ending December 31, 2022, up from $11.8 million ($2.09 per share) in 2021. For Q4 2022, net income increased to $4.0 million ($0.70 per share) from $2.7 million ($0.49 per share) in Q4 2021. Loan growth and higher interest income contributed to the performance, despite rising funding costs. Total loans reached $907.6 million, a 20.4% increase from the previous year. Asset quality remains strong with zero loan charge-offs. Capital ratios exceed regulatory requirements with a total risk-based capital ratio of 12.89% as of Q4 2022.
American Riviera Bancorp (OTCQX: ARBV) announced a 10% stock dividend payable on November 24, 2022, to shareholders of record as of November 10, 2022. This initiative aims to boost stock liquidity and enhance shareholder value, according to Chairman Lawrence Koppelman. The company reported record net income of
American Riviera Bancorp (OTCQX: ARBV) reported unaudited net income of $9.5 million ($1.84 per share) for the nine months ending September 30, 2022, an increase from $9.1 million ($1.77 per share) in the previous year. For Q3 2022, net income was $3.8 million compared to $3.0 million in Q3 2021. Key drivers included loan growth and higher interest income. Total loans reached $886 million, a 21.7% increase year-over-year. Despite an increase in non-accrual loans, overall credit quality remained strong. The tangible book value per share was $14.90 as of September 30, 2022, reflecting market volatility.
American Riviera Bancorp (OTCQX: ARBV) reported unaudited net income of $5.7 million ($1.10 per share) for the first half of 2022, down from $6.1 million ($1.19 per share) in 2021. For Q2 2022, net income was $2.5 million ($0.49 per share), decreasing from $3.6 million ($0.70 per share) in 2021. The drop is attributed to $1.2 million less in PPP loan fee income. Core loans increased 22% year-over-year, and total deposits rose 19%, reaching $1.4 billion. Capital ratios remained strong, with Tier 1 Capital at 10%.
American Riviera Bancorp (OTCQX: ARBV) reported unaudited net income of $3.2 million ($0.61 per share) for Q1 2022, marking a 23% increase from $2.6 million ($0.50 per share) in Q1 2021. Core loans grew 17% to $114.9 million year-over-year, with a 3% increase over the last quarter. The Bank's total deposits surged 27%, reaching $263.2 million since March 2021. The formation of American Riviera Bancorp and issuance of $18.0 million in subordinated notes aim to enhance capital ratios. As of March 31, the Tier 1 Capital ratios stood at 11% for the Company and 13% for the Bank.
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