October 27 2011
American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $1,049,000 or fully diluted earnings per share of $0.11 for the third quarter of 2011, compared to net income of $39,000 or $0.00 per diluted share for the third quarter of 2010. For the nine months ended September 30, 2011, net income was $1,476,000 or $0.15 per diluted share, compared to $399,000 or $0.04 per diluted share for the nine months ended September 30, 2010.
"American River Bankshares' focused strategy has led to a respectable increase in profits to $1 million or $0.11 per diluted share for the third quarter," said David Taber, President and CEO of American River Bankshares. "Our team's dedication to supporting client needs has resulted in an $11.3 million increase in checking and savings balances quarter over quarter." Read More>>