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 (ARBV) delivers community-focused financial services through deposit management, commercial lending, and digital banking solutions. This news hub provides investors with centralized access to verified corporate developments and market-moving updates.
Track ARBV's financial performance through quarterly earnings reports, regulatory filings, and strategic initiatives. Our curated feed includes updates on leadership changes, product launches, and compliance milestones relevant to regional banking operations.
Key coverage areas include interest rate strategy impacts, local market expansions, and risk management enhancements. Subscribers receive alerts about dividend declarations, capital allocation decisions, and credit portfolio updates that shape the company's market position.
Bookmark this page for real-time access to ARBV's official communications and third-party analysis. Combine press release transcripts with expert commentary to inform your financial decisions regarding this established community banking institution.
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.
American Riviera Bancorp (OTCQX: ARBV) has completed a private placement of $18 million in subordinated notes due March 1, 2032. The proceeds will support corporate purposes and regulatory capital requirements at American Riviera Bank. The notes initially have a fixed interest rate of 3.75% until March 1, 2027, after which they will switch to a floating rate. This move is seen as a way to bolster the company's balance sheet growth. The offering was well-received in the market, signaling confidence in the bank's financial standing.
American Riviera Bank has successfully completed its reorganization into a bank holding company structure, forming American Riviera Bancorp. Following shareholder approval on January 10, 2022 and obtaining necessary regulatory approvals, the transition is now finalized. The bank remains under the same directors and officers, with shares trading under the ticker symbol ARBV. The reorganization aims to provide shareholder benefits and enhance corporate flexibility for serving Central Coast communities.
American Riviera Bank (OTCQX: ARBV) reported unaudited net income of $11.83 million for the year ending December 31, 2021, marking a 60% increase from the previous year. The Bank's fourth quarter net income was $2.75 million, up from $2.38 million in 2020. Core loans grew by 17%, totaling $112 million, and deposits rose by 38% to $1.3 billion. The Tier 1 Capital Ratio stands at 11%, indicating strong capitalization. The tangible book value per share increased to $17.92.
American Riviera Bank (OTCQX: ARBV) reported unaudited net income of $9,082,000 ($1.77 per share) for the nine months ending September 30, 2021, marking an 82% increase from $5,000,000 in the prior year. The bank's annualized return on average assets stands at 1.12% and return on average equity at 13.64%. Core loans grew 20% or $124 million year-over-year, while total deposits increased 35% or $287 million. As of September 30, 2021, the bank maintained a strong credit quality with a Tier 1 Capital Ratio of 11%.
