October 24 2017

3Q17 Earnings

Sacramento, CA, October 19, 2017 – American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $1.1 million, or $0.17 per diluted share for the third quarter of 2017 compared to $1.8 million, or $0.27 per diluted share for the third quarter of 2016.  For the nine months ended September 30, 2017, net income was $3.6 million or $0.55 per diluted share, compared to $4.5 million or $0.66 per diluted share for the nine months ended September 30, 2016. 

“We experienced positive growth in both loans and deposits this quarter.  The team continues to be active in growth activities.” said David Taber, President and CEO of American River Bankshares.  “The quarter, however, was marred by a loan charge-off.  The third quarter of 2016 included a reversal of $668,000 in our loan loss provision compared to an addition of $300,000 this quarter.  This $968,000 swing negatively impacted net income and EPS.”  Read More

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October 23 2015

Call Replay: 3Q15 Earnings

Sacramento, CA, October 22, 2015 – American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $1.5 million, or $0.20 per diluted share for the third quarter of 2015 compared to $1.1 million, or $0.14 per diluted share for the third quarter of 2014.  For the nine months ended September 30, 2015, net income was $3.8 million or $0.50 per diluted share, compared to $3.2 million or $0.39 per diluted share for the nine months ended September 30, 2014.

“Our plan has been to leverage our people, our liquidity and our capital in a drive to regain our top performer status,” said David Taber, President and CEO of American River Bankshares.  “The third quarter provided the strongest evidence to-date of our progress as net loans increased by $14 million, overhead decreased by 3% and EPS increased by 43%.” Read More>>
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