- American Riviera Bancorp (ARBV, Financial) reported a net income of $2.3 million for Q1 2025, up from $2.0 million in the previous quarter.
- Total deposits increased by 8.1% to $1.13 billion from March 31, 2024.
- Tangible book value per share rose 13.7% year-over-year, reaching $18.89 as of March 31, 2025.
American Riviera Bancorp (OTCQX: ARBV), the holding company for American Riviera Bank, disclosed its unaudited financial results for the first quarter of 2025. The company announced a net income of $2.3 million or $0.40 per share, reflecting an increase from both the previous quarter's $2.0 million and the year-ago period's $2.2 million.
Total deposits rose to $1.13 billion as of March 31, 2025, marking an increase of $85.5 million or 8.1% from the same period in the prior year, all sourced from core deposits without reliance on wholesale-funded certificates of deposit.
Jeff DeVine, President and CEO, highlighted the bank's focus on core deposits and innovative banking solutions for its growth, stating that the bank’s fully core-funded balance sheet underscores its commitment to serving the community while enhancing shareholder value through improved margins and rising profitability.
The tangible book value per share increased by $2.27, or 13.7%, reaching $18.89 as compared to the same period last year. Shareholders’ equity totaled $115.1 million, which represents a growth of $13.4 million or 13.2% year-over-year.
The bank’s total loan portfolio reached $994.8 million, reflecting a growth of 0.5% from the previous quarter and 4.6% year-over-year. Non-interest-bearing demand deposits accounted for $445.5 million or 39.3% of total deposits.
The institution's net interest margin improved by 29 basis points to 3.61% from the prior quarter, driven by steady loan yield improvements and a decline in the cost of funds.
With a robust liquidity position, American Riviera Bancorp maintains access to $453.7 million through various liquidity channels, ensuring strong financial health and operational capability moving forward.
