American River Bankshares Reports First Quarter 2020 Results
American River Bankshares (AMRB)
Last american river bankshares earnings: 4/16 09:15 am
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US:NASDAQ Investor Relations:
americanriverbank.com/american-river-bank-company-news
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Source: GlobeNewswire
SACRAMENTO, Calif., April 16, 2020 (GLOBE NEWSWIRE) -- American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $1.4 million, or $0.24 per diluted share for the first quarter of 2020 compared to $1.1 million, or $0.20 per diluted share for the first quarter of 2019. “While it is important to share our quarterly results with our shareholders, it is important to remember that the current global pandemic is impacting us all,” said David E. Ritchie, Jr., President and Chief Executive Officer. “We are carefully balancing our decisions to benefit our shareholders while protecting the health and wellbeing of our employees and financial viability of our clients, which would include providing access to the benefits under the CARES Act.” Financial Highlights Net loans decreased $5.8 million (1.5%) and core deposits increased $1.2 million (0.2%) during the first quarter of 2020. Net loans increased $52.0 million (15.5%) from March 31, 2019 to March 31, 2020. Core deposits i
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