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RIVER CITY BANK CALIF - $RCBC STOCK NEWS

Welcome to our dedicated page for RIVER CITY BANK CALIF news (Ticker: $RCBC), a resource for investors and traders seeking the latest updates and insights on RIVER CITY BANK CALIF stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect RIVER CITY BANK CALIF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
River City Bank reported a net income of $18.7 million for the first quarter of 2024, with earnings per diluted share at $12.63, representing a 17.5% return on equity capital and a 1.47% return on assets. The bank experienced growth in loan balances, cash and investment balances, and deposits, leading to increased net interest income and income from cash and investments. Despite a higher provision for credit losses due to loan growth and concerns in the commercial real estate portfolio, the Bank's balance sheet remains strong, with no actual credit losses and high-quality investment securities. Shareholders' equity increased to $435 million, and the board announced a cash dividend of $0.37 per common share.
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Rhea-AI Summary
River City Bank (RCBC) reported an 8th consecutive year of net income with $60.3 million for the year ended December 31, 2023, representing a 15.7% return on equity capital and 1.34% return on assets. The improved net income was driven by higher loan balances, increased net interest margin, and reduced provision for credit losses. The Bank's total deposits grew significantly from $3.4 billion to $4.3 billion, and shareholders' equity increased to $418 million. The board of directors approved a cash dividend of $0.37 per common share.
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4.04%
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Rhea-AI Summary
River City Bank reports net income of $16.3 million for Q3 2023, representing a 15.4% return on equity capital and 1.34% return on assets. The bank's earnings for the first nine months of 2023 are $43.6 million.
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RIVER CITY BANK CALIF

OTC:RCBC

RCBC Rankings

RCBC Stock Data

345.42M
1.5%
Commercial Banking
Finance and Insurance
Link
United States of America
Sacramento