July 21 2016
Sacramento, CA, July 21, 2016 - American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $1.3 million, or $0.19 per diluted share for the second quarter of 2016 compared to $1.4 million, or $0.18 per diluted share for the second quarter of 2015. For the six months ended June 30, 2016, net income was $2.7 million or $0.39 per diluted share, compared to $2.3 million or $0.30 per diluted share for the six months ended June 30, 2015.
"Second quarter highlights include a $12.9 million, or 18.0% annualized, increase in loans and a year-to-date increase in earnings per share of 30%," said David Taber, President and CEO of American River Bankshares. "The increase in EPS is a direct result of the increase in net income and the successful stock repurchase programs including the acquisition of another 5% of the Company's outstanding shares during the quarter." Read More >>