January 27 2017
Sacramento, CA, January 26, 2017 – American River Bankshares (NASDAQ-GS: AMRB) today reported net income of $1.9 million, or $0.29 per diluted share for the fourth quarter of 2016 compared to $1.5 million, or $0.20 per diluted share for the fourth quarter of 2015. For the twelve months ended December 31, 2016, net income was $6.4 million or $0.94 per diluted share, compared to $5.3 million or $0.70 per diluted share for the twelve months ended December 31, 2015.
“We are very proud of what the team accomplished in 2016. EPS increased 34% as a result of profitable growth, a decrease in overhead, a negative provision for loan loss, and a successful stock buyback,” said David Taber, President and CEO of American River Bankshares. Read More