American River: 4Q Earnings Snapshot
RANCHO CORDOVA, Calif. (AP) _ American River Bankshares (AMRB) on Thursday reported net income of $1.1 million in its fourth quarter.
The Rancho Cordova, California-based bank said it had earnings of 19 cents per share.
The parent company of American River Bank posted revenue of $6.4 million in the period. Its revenue net of interest expense was $5.9 million, surpassing Street forecasts.
For the year, the company reported profit of $4.9 million, or 83 cents per share. Revenue was reported as $22.2 million.
American River shares have dropped nearly 5 percent since the beginning of the year. The stock has dropped 14 percent in the last 12 months.