|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||17.96 - 17.96|
|52 Week Range||17.06 - 19.45|
|Beta (3Y Monthly)||0.26|
|PE Ratio (TTM)||13.61|
|Forward Dividend & Yield||N/A (2.06%)|
|1y Target Est||N/A|
American Riviera Bank (OTC Markets: ARBV) (the “Bank”) announced today that it has completed a capital raise of $8.5 million through the sale of 472,222 shares of common stock at a price of $18.00 per share. The shares of common stock were sold to institutional and select “accredited investors” as defined in Rule 501(a) of Regulation D of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to a stock permit issued by the California Department of Business Oversight and an exemption from the Securities Act. Michelle Martinich, Executive Vice President and Chief Financial Officer, stated, “Although the Bank is already well capitalized and profitable, our 2018 growth in Santa Barbara and San Luis Obispo Counties has been significant.
American Riviera Bank announced today record unaudited net income of $5,890,000 for the year ended December 31, 2018. This represents a 67% increase in net income from the $3,536,000 for the same reporting period in the prior year.
American Riviera Bank announced today unaudited net income of $4,398,000 for the nine months ended September 30, 2018. This represents a 26% increase in net income from the $3,501,000 for the same reporting period in the prior year.
American Riviera Bank announced today unaudited net income of $2,827,000 for the six months ended June 30, 2018. This represents a 33% increase in net income from the $2,118,000 for the same reporting period in the prior year.