Welcome to our dedicated page for Amer Business Bk news (Ticker: AMBZ), a resource for investors and traders seeking the latest updates and insights on Amer Business Bk stock.
Amer Business Bk (AMBZ) provides business-focused financial services, including commercial lending and digital banking solutions. This page aggregates official news, press releases, and strategic updates directly from the company, offering stakeholders a centralized resource for tracking its developments.
Access real-time updates on earnings reports, leadership changes, product launches, and regulatory filings. Investors and business clients will find curated information on AMBZ's financial health, service expansions, and market positioning within the commercial banking sector.
Key content categories include quarterly financial results, mergers and acquisitions, technology initiatives, and risk management practices. All materials are sourced from verified channels to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page or check back regularly for the latest insights into AMBZ's operations, designed to support informed decision-making for investors and commercial clients alike.
American Business Bank (OTCQX: AMBZ) has announced a quarterly cash dividend of $0.25 per share, payable on June 17, 2025, to shareholders of record as of May 7, 2025. The dividend equates to an annual payout of $1.00 per common share.
The bank, headquartered in Los Angeles, provides financial services to businesses including wholesalers, manufacturers, service businesses, professionals, and non-profits. AMBZ operates through eight Loan Production Offices located across strategic locations in California, including Anaheim, Irvine, Torrance, Woodland Hills, Corona, Ontario, Long Beach, and San Diego.
American Business Bank (OTCQX: AMBZ) has donated $70,000 to seven non-profit organizations supporting communities affected by recent Southern California fires. The Federal Home Loan Bank of San Francisco provided an additional $50,000 in matching funds, bringing the total donation to $120,000.
The beneficiary organizations include the American Red Cross, Baby2Baby, California Fire Foundation, Habitat for Humanity Los Angeles Rebuild LA Fund, Hope the Mission, LA Fire Department Foundation, and the Pasadena Community Foundation. These organizations are supporting residents impacted by the Palisades and Eaton fires, which destroyed over 10,000 homes and displaced tens of thousands of people.
Additionally, American Business Bank staff organized a Teddy Bear Drive, donating 270 teddy bears to children affected by the Los Angeles fires in the Eaton and Palisades communities.
American Business Bank (OTCQX: AMBZ) has announced its first quarterly cash dividend of $0.25 per share, payable on March 17, 2025, to shareholders of record as of February 24, 2025. CEO Leon Blankstein attributed this decision to the bank's strong earnings performance over recent years, emphasizing that cash dividends serve as a tool for capital management and enhanced shareholder returns while maintaining a robust capital position.
The bank, headquartered in Los Angeles, provides financial services to businesses including wholesalers, manufacturers, service businesses, professionals, and non-profits. AMBZ operates through seven Loan Production Offices across strategic locations in California, including Anaheim, Irvine, Torrance, Woodland Hills, Corona, Ontario, and San Diego.
American Business Bank (AMBZ) has achieved a significant milestone, ranking 9th among the top 225 U.S. banks with assets between $3 billion and $10 billion in S&P Global Market Intelligence's inaugural deposit rankings for 2024.
The bank reported strong financial metrics, including $4.04 billion in assets, a 1.33% cost of deposits, and nonperforming assets of 0.18% of total assets. Total deposits showed healthy growth, increasing by $147 million or 4.2% for year-end 2024.
The rankings were determined using eight metrics, with noninterest-bearing deposit concentration receiving the highest weighting. This is particularly noteworthy given that noninterest-bearing deposits across the banking industry have declined nearly 30% since late 2021, while interest-bearing deposits grew by approximately 8% through Q3 2024.
American Business Bank (AMBZ) reported Q4 2024 net income of $12.5 million ($1.33 per diluted share), up 16% from Q3 2024 and 10% from Q4 2023. Full-year 2024 net income was $43.3 million ($4.64 per share), slightly down 2% from 2023.
Key Q4 highlights include net interest margin expansion to 3.32%, total loans increase of $127 million (4.9%), and cost of average deposits declining to 1.28%. The bank maintains strong asset quality with minimal past due loans and no borrowings at quarter-end. Non-interest bearing demand deposits represent 45% of total deposits.
For full-year 2024, total loans increased by $171 million (6.6%) and total deposits grew by $147 million (4.2%). The bank expanded its team by hiring 11 new relationship managers in 2024, bringing the total to 47 calling officers. AMBZ also announced its first share repurchase program for 227,541 shares, expiring January 2026.
American Business Bank (OTCQX: AMBZ) has announced its first-ever stock repurchase program, authorizing the buyback of up to 227,541 shares, representing 2.5% of its outstanding common stock. The program will commence after the release of Q4 earnings and will run until January 7, 2026.
The bank will execute repurchases through open market, block purchases, or private transactions at management's discretion, based on market conditions and stock prices. CEO Leon Blankstein emphasized that strong earnings have positioned the bank to maintain robust capital levels while enhancing shareholder returns through this program.
The initiative aims to provide additional liquidity for shareholders and effectively manage capital levels, highlighting the bank's strong long-term financial performance.
American Business Bank (OTCQX: AMBZ) has announced the opening of a new Loan Production Office (LPO) in San Diego, California, located at 4727 Executive Drive. This expansion marks a strategic move to strengthen the bank's presence in Southern California. The new office will be led by Senior Vice President John Hartwig and First Vice President Ana Calvert, who bring over 60 years of combined commercial banking experience.
The San Diego LPO will offer comprehensive services including business loans, credit lines, treasury management, and deposit solutions, specifically targeting small to mid-sized, privately owned businesses. This represents the bank's ninth LPO in Southern California, joining locations in Anaheim, Irvine, Torrance, Woodland Hills, Corona, Ontario, and Long Beach.
American Business Bank (AMBZ) reported Q3 2024 net income of $10.8 million ($1.16 per diluted share), up 13% from Q2 2024 and 6% from Q3 2023. Key highlights include total deposits increasing by $258 million (7.5%) over the prior quarter, with non-interest bearing deposits representing 47% of total deposits. Net interest margin expanded to 3.13% from 3.00% in Q2. Total loans increased by $22 million (0.85%). The bank maintains strong asset quality with minimal past due loans and no borrowings at quarter-end. The efficiency ratio improved to 53%, and the bank expanded its relationship manager team to 48 officers.
American Business Bank (OTCQX: AMBZ) reported net income of $9.5 million or $1.02 per diluted share for Q2 2024, a 2% increase from Q2 2023. Key highlights include:
- Total deposits increased by $148 million (4.5%) over the previous quarter
- Net yield on interest-earning assets increased by 7 basis points
- Total loans grew by $28 million (1.1%)
- Net interest margin contracted to 3.00% from 3.07% in Q1 2024
- Non-interest bearing demand deposits represent 46% of total deposits
- Tangible book value per share reached $36.38
The bank maintains its well-capitalized status and focuses on building a strong core deposit franchise to enhance net interest margin.
American Business Bank (AMBZ) reported a net income of $10.5 million for the first quarter of 2024, with a decrease in net interest income affecting earnings. Total deposits decreased by 5.4%, and total loans decreased by 0.3%. The bank aims to enhance margins and eliminate borrowings by focusing on core deposit growth. Despite margin pressure, the bank maintained a return on average assets of 1.08% and a return on average equity of 13.4% for the quarter. The provision for credit losses decreased, and the bank remains well-capitalized.
