American River Bankshares Reports Second Quarter 2019 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., July 18, 2019 (GLOBE NEWSWIRE) -- American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $1.3 million, or $0.22 per diluted share for the second quarter of 2019 compared to $1.3 million, or $0.22 per diluted share for the second quarter of 2018. For the six months ended June 30, 2019, net income was $2.4 million or $0.41 per diluted share, compared to $2.6 million or $0.44 per diluted share for the six months ended June 30, 2018. “We continue to make progress on our plan by building new relationships and increasing the business with our existing relationships. Speed to market with excellent service remains critical to our success,” said David E. Ritchie, Jr., President and Chief Executive Officer. “This past quarter was our fifth consecutive quarter with over $30 million in new loan originations and that is beginning to have a positive effect on our balance sheet and our interest income.” Financial Highlights
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