American Riviera Bancorp Announces Results for the First Quarter of 2024 [Yahoo! Finance]
AMERICAN RIVIERA BANCORP (ARBV)
NASDAQ:AMEX Investor Relations:
americanrivierabank.com/investor-relations
Company Research
Source: Yahoo! Finance
Bank ("Bank"), announced today unaudited net income was $2.2 million ($0.37 per share) for the quarter ended March 31, 2024, compared to $2.2 million ($0.38 per share) in the previous quarter, and $3.0 million ($0.52 per share) earned in the same reporting period in the previous year. Earnings for the last two quarters have remained stable despite the continued high-rate environment. Jeff DeVine, President and CEO of the Company and the Bank, stated, "With our newly enhanced online banking technology we have been able to launch new products and services to meet the needs of our existing and prospective clients. We are serving additional communities and industries within our geographic footprint that are benefiting from what American Riviera Bank has to offer. Competitor consolidation has provided attractive opportunities to hire relationship bankers, and we look forward to announcing continued expansion on the Central Coast of California." First Quarter Highlights The Bank has t
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