Welcome to our dedicated page for River Valley news (Ticker: RVCB), a resource for investors and traders seeking the latest updates and insights on River Valley stock.
River Valley Community Bancorp (RVCB), the holding company for River Valley Community Bank, regularly issues news updates covering its commercial banking activities and regional expansion. The company trades on the OTC Markets and uses its news releases to communicate financial results, branch developments, and key personnel additions related to its community banking operations.
Readers of this RVCB news page can expect coverage of unaudited quarterly and annual financial results, where the company reports on periods ended June 30, September 30, and December 31, among others. These announcements often highlight the Bank’s capital position, actions such as stock repurchase plans, and decisions like the commencement of a regular quarterly cash dividend on common stock.
News items also describe the Bank’s branch network and market growth, including updates on offices in Yuba City, Grass Valley, Auburn, Marysville, and Roseville, California, and a loan production office in Reno, Nevada. The company has issued releases on building experienced banking teams in Roseville, expanding its presence in Placer County, and strengthening its Yuba Sutter and Nevada County teams to better serve small businesses, agricultural clients, and local residents.
Personnel announcements are another recurring theme, with the Bank highlighting appointments to its board of directors, market managers, relationship managers, and community relations officers. These stories emphasize relationship banking, local decision-making, and community involvement. By following the RVCB news feed, investors and observers can track how River Valley Community Bancorp describes its strategy, team development, regional focus, and capital-related actions over time.
River Valley Community Bancorp (OTC markets: RVCB) has reported its financial results for the first quarter ending March 31, 2023. The Bank continues to hold a strong rating from BauerFinancial and Depositaccounts.com, reaffirming its stability and customer trust. The Bank operates multiple branches in California and Nevada, providing a comprehensive suite of competitive banking products and services. For detailed financial insights, stakeholders can access the full earnings release on the Bank's Investor Relations website.
River Valley Community Bancorp (OTC: RVCB) announced its financial results for Q4 2022, highlighting its consistent service quality and competitive products. The Bank has maintained high ratings from BauerFinancial and Depositaccounts.com and operates several branches across California and Nevada. With a focus on enhancing its banking technology, the Bank aims to further improve customer experience. For comprehensive financial details, interested parties are encouraged to visit the Investor Relations section on the Bank’s website.
River Valley Community Bancorp (RVCB) has appointed Liesl Schmidt as Executive Vice President and Chief Operations Officer. Schmidt will oversee Branch Operations, IT, and HR, leveraging her extensive background in finance and operational improvements. Formerly with U.S. Bank, she brings valuable experience in client services and risk management. CEO John M. Jelavich expressed confidence that Schmidt's leadership will enhance the bank's growth and service offerings. The bank continues to maintain high ratings from BauerFinancial and offers a comprehensive range of banking products.
River Valley Community Bancorp (RVCB) announced its financial results for the quarter ending September 30, 2022. The Bank continues to be highly rated by BauerFinancial and Depositaccounts.com, emphasizing its strong financial position. The Bank operates multiple branches across California and Nevada, offering a comprehensive range of banking products and services. These results reflect the Bank's commitment to serving its customer base efficiently, maintaining competitive banking technology, and ensuring growth in its offerings.
River Valley Community Bancorp (RVCB) announced its financial results for the quarter ending June 30, 2022. The Bank continues to maintain high ratings from BauerFinancial and Depositaccounts.com, reflecting its strong performance and customer service. RVCB operates multiple offices in California and Nevada, offering a comprehensive range of banking services and competitive products. The full earnings release is available on the Bank’s Investor Relations website.
River Valley Community Bancorp (OTC markets: RVCB) reported its 1st Quarter results for 2022, revealing a net income of $1.1 million ($0.36 per diluted share), a decrease from $1.4 million ($0.46 per diluted share) in the previous quarter. The total assets fell to $573.7 million compared to $600.8 million in Q4 2021. Net interest income was $3.9 million, down from $4.1 million in the previous quarter, attributed to reduced loan fee income related to PPP. Total deposits decreased by 3.3% quarter-over-quarter to $530 million, attributed mainly to seasonal agricultural outflows.
River Valley Community Bancorp (RVCB) announced its financial results for Q1 2022, reporting total assets of $574.8 million, down from $600.8 million in Q4 2021. Net income was $1.1 million, or $0.36 per diluted share, a decrease from $1.4 million in the previous quarter. Total gross loans decreased by 0.8% to $248.6 million, while total deposits fell 3.3% to $530.0 million. The Bank had no non-performing assets, but faced a decline in net interest income, attributed to reduced PPP fee income.
River Valley Community Bancorp (OTC: RVCB) reported robust financial results for the quarter ending December 31, 2021. Total assets reached $600.8 million, up 21% year-over-year. Net income was $1.4 million, with diluted earnings per share at $0.44. The annual net income grew by 28% to $5.4 million, while net interest income increased 12.3% to $15.9 million. Deposits also surged 23.1% to $548 million. However, total loans decreased by 2.7% due to PPP loan payoffs, although core loans grew significantly. The company is optimistic about the future, planning to open a loan office in Reno, NV.
River Valley Community Bancorp (RVCB) announced its financial results for Q3 2021, reporting a net income of $1.4 million or $0.56 per diluted share, up from $1.3 million in Q3 2020. The Bank's total assets were $527.7 million, reflecting a decrease from $531.1 million year-over-year. A five-for-four stock split was approved to enhance liquidity, with shares issued on November 1, 2021. Notably, total loans decreased by 7.6% year-over-year, while total deposits rose by 18.6%. The Bank maintains strong core deposit growth, aiding in reduced interest expenses.
River Valley Community Bancorp (RVCB) announced its financial results for Q2 2021, reporting net income of $1.3 million or $0.53 per diluted share, up from $652,000 or $0.27 per diluted share a year earlier. Total assets reached $503.3 million, slightly down from $514.8 million in Q2 2020. The bank's net interest income rose 11.9% year-over-year to $3.9 million. Additionally, they launched a stock repurchase plan up to $1 million to enhance shareholder value and liquidity. CEO John M. Jelavich expressed optimism despite potential pressure from flat yield curves and supply chain challenges.
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