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American Riviera Bank reports strong second quarter

By   /  Friday, July 23rd, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on American Riviera Bank reports strong second quarter

American Riviera Bank more than doubled its net income from the second quarter of 2020 to the same quarter of 2021, buoyed by Paycheck Protection Program fee income. The Santa Barbara-based bank reported $3.57 million in net income in the most recent quarter, or 70 cents per share, compared to $1.57 million, or 31 cents Read More →

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American Riviera Bank tops $1B in assets

By   /  Tuesday, April 27th, 2021  /  Banking & Finance, Banking Industry, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on American Riviera Bank tops $1B in assets

American Riviera Bank recorded more than $1 billion in assets for the first time when it reported its financial results for the first quarter of 2021. The Santa Barbara-based bank saw its net income rise during the quarter to $2.56 million, or 50 cents per share, compared to net income of $1.2 million, or 23 Read More →

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American Riviera Bank earnings tick up in Q2

By   /  Tuesday, July 28th, 2020  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on American Riviera Bank earnings tick up in Q2

American Riviera Bank saw a slight rise in its unaudited net income in the second quarter, but the Santa Barbara-based bank is still facing a decreased net income for the year as it prepares for loan losses. The bank’s unaudited net income in the second quarter of 2020 was $1.56 million, up from $1.51 million Read More →

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American Riviera Bank sees $8.5 million payday after selling shares

By   /  Wednesday, March 27th, 2019  /  Latest news  /  Comments Off on American Riviera Bank sees $8.5 million payday after selling shares

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